Brain scan­ners busi­ness aims for growth

Yorkshire Post - Business - - BUSINESS / NEWS -

An ad­vanced man­u­fac­turer is tar­get­ing rapid growth over­seas fol­low­ing a seven-fig­ure fund­ing pack­age from HSBC UK.

York In­stru­ments, es­tab­lished in 2015, de­signs and man­u­fac­tures med­i­cal brain scan­ners for the di­ag­no­sis and treat­ment plan­ning of epilepsy and other brain dis­or­ders, as well as brain tu­mours and sport­ing in­juries.

The busi­ness plans to utilise the fund­ing pack­age to scale up the pro­duc­tion of its scan­ners, meet­ing de­mand from cus­tomers in North Amer­ica, in­clud­ing elite sports or­gan­i­sa­tions such as the Na­tional Foot­ball League.

John Ful­ford, chief op­er­at­ing of­fi­cer of York In­stru­ments, said: “We’re a young busi­ness so it was crit­i­cal that we se­cured the nec­es­sary cap­i­tal to help fi­nance the build of our new scan­ner to meet cus­tomer orders. There are cur­rently just 200 MEG scan­ners world­wide but we be­lieve there is a po­ten­tial mar­ket for over 2,000 units – so we have sig­nif­i­cant op­por­tu­nity for growth.”

York In­stru­ments, which cur­rently has 46 em­ploy­ees at its head of­fice in York, hopes the in­vest­ment will en­able it to boost turnover and cre­ate new jobs in the next 12 months.

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