Analox Sensor Technology go for growth
A STOKESLEY technology firm is going for growth after launching potentially life-saving technology used in submarines.
Analox Sensor Technology is aiming to double turnover to £12m by 2014 after launching the Sub Aspida, which can detect sudden changes in atmospheric pressure in submarines and decompression chambers.
The Royal Netherlands Navy has signed a contract for nine Sub Aspidas to be used on its fleet of four Walrus Class submarines.
Vicky Brown, sales and marketing director, Analox Military Systems, described the innovation as a “life-preserving technology”.
She said: “The Royal Netherlands Navy requires accurate dual-gas monitoring in a compact unit, in an environment which is prone to fluctuations in atmospheric pressure.
“The Sub Aspida addresses this need, and ensures the submariners remain safe whilst at work.”
The technology is a key part of a drive by Analox to ramp up activity in its military division, which accounts for around one fifth of its overall business.
Last year the firm split its sales and marketing team in two to concentrate on developing its military expertise. Headed by Ms Brown, who presents latest gas analysing technologies for navy submarines to NATO, the operation has supplied both the US and UK defence industry.
Defence is a key growth area for Analox, which generated sales of around £5.8m in 2009 and is forecasting similar revenues this year. The company estimates that the market will account for at least half of its revenues in the next four years.
Based on the Stokesley Business Park, Analox makes gas analysers for the commercial diving, military diving and hospitality sectors.
It has been nominated as a finalist in the Small to Medium-sized Business of the Year category of this year’s National Business Awards. Winners will be unveiled at a ceremony in London on November 9.
Analox also scooped the Exporter of the Year Award at the nebusiness awards 2006.