Novarc Ltd Saves Time and Money
27th April 2009
A new University spin-out company should save the motor industry millions of pounds and months in production time, with an innovative method of making car parts.
Novarc Ltd
Novarc Ltd was spun-out of the Department of Materials and Department of Engineering Science and is supported by the University, Ford Motor Company and the investment bank Beeson Gregory. The company has licensed intellectual property from Ford Global Technologies Inc and will be taking forward methods of rapidly producing dies and tools for producing car parts which have been developed at the Department of Materials in partnership with Ford Motor Company.
Dr David Field, Managing Director of Novarc Ltd, said: ‘This is an exciting time for us all at Novarc. The automotive industry is going through a period of intense change and with our development of sprayforming technology we will be able to assist the needs of car manufacturers, suppliers and the consumer in the reduction of waiting times for the latest vehicle technology. In time, this will lead to the need for a larger workforce and therefore job opportunities in the Oxford area.’
Novarc Ltd will be based at the University’s Begbroke Business and Science Park.
Oxford Blueprint, the Newsletter of the University of Oxford. Vol 2 Issue 2.
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