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HomeFinanceMaterials science company Lucideon Secures HSBC Finance

Materials science company Lucideon Secures HSBC Finance

Innovation News – The Staffordshire-based Materials science company Lucideon, has acquired new scientific equipment with the help of a £5.6m funding facility from HSBC Equipment Finance.

The HSBC Equipment Finance is hoped to accelerate the company’s ability to test and develop materials for specialist applications, such as in aerospace or Net Zero technologies and will see the innovative company acquire new equipment including spectrometers, X-ray machines, ultra-high temperature and multi-atmosphere furnaces, and ceramic 3D printers.

The new equipment will be used to in the recently fit-out AMRICC centre in Stone, which materials science company Lucideon hosts and manages on behalf of AMRICC’s members.

AMRICC Centre run by Materials science company Lucideon
AMRICC Centre run by materials science company Lucideon

AMRICC is the Applied Materials Research, Innovation, & Commercialisation Company and the new AMRICC Centre is a unique open-access international facility, partly funded by UKRI through the Strength In Places Fund, that translates materials, processes, and technologies into real-world products and solutions through the commercialisation of innovative ideas.

The site is the first laboratory in the country to house all the tools needed to replicate an advanced ceramics production process from start to finish at pilot scale, allowing businesses to trial new materials without pausing production in-house.

Lucideon, who customers include the likes of Rolls-Royce, GE, and SpaceX.will use the funding to purchase the innovative equipment to grow its assets as the company expands and takes on more customers in the UK, United States, and around the globe.

Additionally, Lucideon will use the funding to purchase replacements for its existing equipment and grow its assets as the company expands and takes on more customers.

Tony Kinsella, chief executive at the materials science company Lucideon, said: “The new equipment acquired using this funding will have a transformative impact, boosting our capabilities and productivity so we can work with more clients on bigger projects. 

“We are committed to investing into Staffordshire, and have invested nearly £4m locally. This new equipment is not just a boost for our company, but also marks a significant step forward in strengthening the UK’s scientific offering.”

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