Alloyed, a UK-based company formed from the merger of OxMet Technologies and Betatype in late 2019, reports that it has won the Institute of Physics’ Business Start-up Award 2020.
The award, which was entered by OxMet prior to the merger, recognises the scientific work of the team that led to the formation of its innovative Alloys By Design (ABD™) system. The company explained that the ABD digital platform is enabling new standards to be set for the development of metal materials for advanced manufacturing applications in a broad range of industry sectors.
The commercialisation of the ABD-850AM and ABD-900AM alloys, developed specifically for Additive Manufacturing, highlights the potential of the platform and its capabilities for developing custom materials that meet specific requirements from industry.
The Institute of Physics (IOP) is the professional body and learned society for physics in the UK and Ireland. It is committed to working with ‘physics-based’ businesses to support innovation and growth.
The IOP’s Business Awards incorporate three categories – Business Innovation, Business Start-Up and the Lee Lucas Award (for early-stage companies in the medical and healthcare sector). The IOP Business Start-Up Award specifically recognises young companies with a business idea founded on a physics invention, with the potential for business growth and significant societal impact.
Michael Holmes, CEO of Alloyed, commented, “Everything we do in every bit of our business rests on the foundations provided by physics, and we’re delighted that the judges believe we have made a contribution to the field.”
Jonathan Flint, Institute of Physics president, stated “The IOP Business Awards recognise and reward the achievements of physics-based businesses of all sizes; innovative companies that have developed new technologies or repurposed existing ones, and that are at the cutting edge of the UK and Ireland’s scientific research and development.”
“These companies, old and new, large and small, have the power to drive the economy,” he continued. “They use the applications of physics to create positive individual, social, industrial and economic change, both at home and overseas.”
Learn more about Alloys by Design
In the Winter 2019 issue of Metal AM, Rebecca Gingell and colleagues from OxMet Technologies introduced the Alloys by Design platform and explained how the company, now Alloyed, was approaching the design of novel alloys for AM.