Alloyed (Yarnton, England), formed from the merger of OxMet Technologies and Betatype in 2019, has won the prestigious Institute of Physics Business Start-up Award 2020, which honors the significant contribution that physicists and physics make in industry.
The award, submitted by OxMet prior to the merger, recognizes the scientific work of the team that resulted in the innovative system brand: Alloys By Design (ABD). The ABD digital platform is setting new standards for metal material development for advanced manufacturing applications in a broad range of industry sectors. The commercialization of the alloys for additive manufacturing highlights the real potential of the platform and points to its capabilities for developing custom materials that meet specific requirements from industry. recognizes and celebrates young companies with a great business idea founded on a physics invention, with the potential for business growth and significant societal impact.
Commenting on the IOP Award, Michael Holmes, CEO of Alloyed, said: “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.”
Institute of Physics President Jonathan Flint said, “The IOP Business Awards 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. Rarely has the need to recognize and encourage our scientists been more apparent. We must continue to encourage, reward and invest in our researchers. Their commitment, drive, and imaginations help to keep us comfortable, healthy, and safe.”
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