Novosound is an IP rich company that designs, manufactures and sells ultrasound sensors.
The company was formed on the back of £500k of funding through the Scottish Enterprise High Growth spin out process and was subsequently spun out from the University of the West of Scotland in April 2018. Since then, it has grown to 15 staff and a six-figure turnover.
Novosound currently sells sensors for ultrasonic nondestructive testing in the Oil and Gas, Aerospace and semiconductor markets.
Working with several global partners and businesses, the company are jointly developing this new technology to solve imaging and measurement challenges across these markets. This includes the world’s first truly flexible imaging sensor for detection of flaws and defects in complex geometries (such as wind turbine blades and aircraft wings and landing gear), permanently installed sensors for continuous monitoring of high temperature assets (reducing down-time in the oil and gas sector), and high-resolution probes for acoustic microscopy.
The team’s vision is to rapidly grow a sizeable technology business and to take its products from the industrial, nondestructive testing markets (NDT) to the lucrative medical imaging and wearables markets.
Novosound has a patent portfolio of 1 granted UK patent, 3 filed UK patents (2 on track to be granted by October), and 4 international PCT applications.
By 2022, Global NDT market forecast to $7.3Bn including Sensors and Service segments. Medical Imaging market forecast to $10.46Bn and Wearables $27Bn. Total $44.76 Bn.