NORTH-Lanarkshire based thin-film ultrasound technology company, Novosound, has appointed a new chairman in a bid to drive its international growth strategy.
Dr Derek Mathieson, former chief marketing and technology officer for global energy technology business Baker Hughes, takes on the role.
Dr Dave Hughes, Novosound founding director and CTO, said: “Derek brings vast experience of international businesses to Novosound.
“With the global ultrasonic market now valued at $45billion, and growing, we strongly believe there is a huge opportunity to grow at scale and to take a big part of that market.
“Attracting such an influential and internationally respected industry leader as Derek is extremely exciting for us and is a strong reflection on the work we have delivered to date and demonstrates our future ambitions and plans.”
Dr Mathieson, who is Houston-based, said: “Industries like oil & gas, aerospace, nuclear, industrial and infrastructure crave innovation that brings improvements to process, efficiency and safety.
“Ultrasonic Sensors are at the heart of that. Dave Hughes and his highly skilled team at Novosound have rapidly developed ground-breaking Non-Destructive Testing (NDT) technology with truly global market opportunities and I’m looking forward to working with them to achieve their ambitious goals.”
Novosound’s ‘thin film’ ultrasound technology makes it possible to remotely inspect oil & gas and nuclear assets in real time and identify defects in aerospace machinery.
It was established in 2018 by Mr Hughes and Richard Cooper as the first spin-out company from the University of the West of Scotland. It now employs a team of 27.
In December 2019, Novosound raising £3.3 million from a Series A funding round to develop new products for the NDT market, applied to oil & gas, aerospace, nuclear, industrial and infrastructure, and to build the commercialisation team to enter international markets such as North America and Asia.