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News Release from: Faraday Plastics
Edited by the Engineeringtalk Editorial
Team on 29 October 2004
Faraday finds funds for commercial
research
The Faraday Plastics and Polymers Partnership has been enjoying recent successes in helping West Midlands-based companies secure research funding for their plastics and polymeric-based innovations.
The Faraday Plastics and Polymers Partnership (FPPP) has been enjoying recent successes in helping West Midlands-based companies secure additional research funding for their plastics and polymeric-based innovations The latest to see the benefit is Aldridge-based Integrated System Technologies (IST) which, helped by expert input from Faraday Plastics on funding, is now receiving financial support from Advantage West Midlands under the DTI-based Smart award scheme
This article was originally published on Engineeringtalk on 28 Sep 2004 at 8.00am (UK)
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A total of GBP 45,000 in aid is being used to accelerate the introduction of IST's patented light emitting diode (LED) technology into the marketplace.
Dr Umar Daraz of Faraday Plastics notes: "Part of our Faraday mission for the West Midlands lies in helping local manufacturing there attract the funding support that it deserves".
"Most companies in general are somewhat wary of funding application processes and procedures".
"Based on a successful track record, we help applicants cut to essentials and maximise their chances for success".
The recent success with IST will help the firm develop its patented pulse amplitude modulation (PAM) LED driving and control system.
By using a working model of the lighting, and its suitability for applications in a variety of settings - architectural, security, medical, automotive - and IST intends to demonstrate the superiority of the LED system as a suitable alternative to other traditional lighting sources such as tungsten, or metal halide used in conjunction with filter gels.
Keith Anderson, IST Director, says: "As a UK business we are delighted to now have the prospect of international competition within a short space of time".
"The worldwide growth potential for LED applications is huge and with this funding we hope to put IST at the centre of the industry".
IST is now seeking manufacturing partners to aid implementation of its proprietary technology to provide technology advantages into products ranging from new medical devices to aerospace and lighting applications.
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