| Xaar soars |
| Written by Business Weekly | |
| Wednesday, 23 March 2005 | |
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Xaar plc, the Cambridge inkjet printing technology group, has sent turnover and profits soaring and pulled off a significant deal in the US as it bids to further grow the top line in 2005.
Xaar plc, the Cambridge inkjet printing technology group, has sent turnover and profits soaring and pulled off a significant deal in the US as it bids to further grow the top line in 2005. On the day it posted turnover 21 per cent higher at £35.5m for the year ended December 31 and turned a £1.4m 2003 loss into a £6.1m profit, Xaar also unveiled a collaboration in nanotechnology. It is working with Mole-cular Imprints Inc (MII) of Austin, Texas – a University of Texas spin-out that has developed a unique combination of lithography and 3-D printing to pattern nano-scale devices and structures incorporating Xaar’s inkjet technology. MII has developed a range of equipment using the process in conjunction with Xaar’s inkjet printheads and electronics. This equipment is now being sold to integrated circuit, chip and device makers in a wide range of markets including semi-conductor component devices, photonic and optical structures, nano fabrication, data storage and advanced packaging. Xaar is now set to roll out new-generation inks and printheads and expand into fresh industrial markets.
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