OXEMS Recognised in Future 50December 10, 2013
One of IM’s former incubator companies, OXEMS, has been announced as one of the EADT’s ‘Future 50’ Class of 2013.
First launched in the county last year, the Suffolk Future50 identifies 50 businesses which are achieving, or have the potential to achieve, significant levels of growth to drive the economic recovery. The Judging panel comprised members from the EADT and its Future50 partner organisations, NWES, Lovewell Blake and Birketts.
OXEMS, is a technology spinout from the University of Oxford and has a revolutionary underground asset management system to help utilities locate, identify and manage their buried assets including modern plastic assets which are notoriously difficult to find once buried.
Kevin Gooding, CEO of OXEMS, said:
“OXEMS have demonstrated that we can shift the way utilities manage street based assets to drive efficiency and deliver major benefits to the wider economic and social impact of road works. Having our solution and its benefits recognised by others is a tremendous accolade which reflects the hard work and dedication of the wider OXEMS team. The recognition that the OXEMS technology is not only world leading in its own right, but that the market solution we are offering is genuinely game changing and scalable for the global market is a great honour. We are delighted to be listed in the Future 50 for 2013.”
The Mk1 OXEMS Solution was introduced in late 2011 with development of the Mk2 OXEMS Solution in 2012 and subsequent launch earlier this year. The first commercial deployment began in November 2013 with a major UK water company and will be followed by rollout to other UK water and gas companies during 2014 and beyond.