Automated Composite Tooling Company Mouldbox Secures Significant Backing from Innovate UK

Automated Composite Tooling Company Mouldbox Secures Significant Backing from Innovate UK

Wed 06, Jun 2018

Oxford-based automated composite tooling company Mouldbox has been shown recognition by the UK’s innovation agency, Innovate UK. The agency have endowed a grant for the purpose of developing their novel machine learning platform and design-to-product composite tooling service.

‘This Innovate UK grant will really enable us to fast track Mouldbox development, allowing the benefits to quickly feed back into any and every sector of the industry. Our objective now is smooth service execution and, as the system continues to learn, we can focus the time saved on providing our clients with exceptional service.’ Mouldbox CEO, Martin Oughton

‘With high performance, time critical situations and excellent quality at the heart of everything KWSP are involved in, being involved with Mouldbox is solving a big problem with fast turnaround, high quality and competitive composite tooling prices. Mouldbox has already disrupted our traditional supply chain and the potential benefit to the industry at large is huge. We’re thrilled to have been on board from the beginning.’ Stuart Banyard, KWSP

‘The Mouldbox concept strongly aligns with the NCC key objectives and Industry 4.0 developments. It’s great to see such creative problem-solving within the industry and we’re very pleased to be supporting them.’ Garry Scott, NCC

Using their proprietary automation technology, Mouldbox are specialists in the design and manufacture of tooling for composite parts.

According to Stratview Research, the global tooling market for the composites industry is likely to offer attractive growth opportunities over the next five years to reach an estimated value of US$ 1,558.7 million in 2023. Increasing penetration of composite materials, especially in the aerospace & defense and transportation industries with the purpose to enhance fuel efficiency and to reduce carbon emissions and an advancement in composite technologies, such as high-pressure resin transfer molding are the primary growth drivers of the market. 

News Source: Mouldbox

Call Us : +1-313-307-4176