Research and developmentA commitment to the long term: research and development has always been at the heart of our business, annually investing around 18% of sales turnover on R&D to maintain leadership in our various technologies Research & Development – a commitment to the long termFor Renishaw, research and development has always been at the heart of our business, annually investing around 18% of sales turnover on R&D to maintain leadership in our various technologies. As Sir David McMurtry, Chairman and Chief Executive, says, "Innovation is at the heart of everything that we do as a business, from the products that we produce, the processes used in their development and manufacture, to the way that we service our customers.” Taking a long-term view
A good example of this is our Raman Spectroscopy technology, used to identify the composition and structure of materials, which was originally developed together with Leeds University in the 1980s. We struggled for a long time to take it from a laboratory setting to a product that could be successfully manufactured in volume, and then onto real commercial success. However, that faith has now been repaid and when the downturn hit global manufacturing in 2009, it was our only product line that continued to grow. Applying core strengths to new sectors
As a business with a significant breadth of disciplines, Renishaw has been able to take these individual components, which are not significant in their own right, and then by combining them with our Raman instrumentation and commercial awareness, functionalise an exciting new method of human disease detection. As Geoff McFarland says, “Renishaw Diagnostics Ltd aims to become the premier provider of automated multiplex diagnostic and clinical research systems, enabling its customers to carry out fast, reliable and simplified disease detection leading to improved patient care.” Advancing co-ordinate measurement
The role of universitiesRenishaw has a strong relationship with universities, as part of our R&D programmes. In our main metrology product lines, we have significant expertise in mechatronics, in which we like to do our own research, and then approach other organisations for support outside this specialism. Therefore, as an example, in recent years we’ve worked with Bath University on materials research and Brunel University on coatings. Geoff McFarland adds, “We currently work with just 12 UK universities, with whom we have built up relationships over many years. We focus on the UK because face-to-face contact is we believe key to maintaining focus and driving forward the research to ultimate commercial gain.” Next stepsContact us online if you require more information or you have a pricing query, or alternatively you may like to speak directly to your local Renishaw office. |