Oxford Sensor Technology Ltd (OST) have raised £400,000 (€600,000 approx.) of investment, which is being used to speed up the development of new sensor technology.OST produce a range of sensors based upon proven, yet technically advanced, principles for the guidance of industrial robots and for metrology applications.The new funding will be used by the company solely for the purpose of reducing development cycle times and bringing new, and innovative, products to the market in the shortest possible time.The first of a new generation of products will be launched this summer, after completing extensive trials at car manufactures in Europe and America.
Other new sensor systems will follow over the next twelve months.With the additional funding, and the new sensor technology, which will result, Oxford Sensor Technology can look forward to an exciting future of company expansion and further product development.OST is pleased that their shareholders, by their willingness to invest in these new technological developments, have shown their confidence in the company and their faith in the technical abilities of OST’s Research Department.
For further information please contact:Colin Campbell Managing DirectorTel. 01235 535225 www.oxfordsensor.com
