viewOxford Instruments PLC

Oxford Instruments wins contract to supply cryogenic systems to leading Chinese research institute

The technology will allow researchers to test materials at extremely low temperatures and different magnetic field strengths

liquid nitrogen
Oxford and IOP-CAS have worked together for years

Oxford Instruments PLC (LON:OXIG) has fought off competition from around the world to supply its cryogenic and superconducting magnet systems to a renowned Chinese research institute.

Multiple systems will be installed at the Institute of Physics-Chinese Academy of Sciences’ new facility in Beijing through 2020 and 2021.

The technology will allow researchers to test materials at extremely low temperatures and different magnetic field strengths.

READ: Oxford returns to annual profit

Oxford, which was spun out from the University of Oxford back in the 60s, has previously supplied several bits of its technology to IOP-CAS’s other labs.

“This is an excellent example of the growth we are seeing from customers involved in Physical Science Research and Quantum Technologies where our key enabling technologies and advanced solutions enable fundamental research and accelerate our customers applied R&D,” said chief executive Ian Barkshire.

“We are delighted to be the provider of choice to the renowned Institute of Physics in Beijing. This underlines Oxford Instruments' status as a world leader in state-of-the-art technology solutions that create unique environments and enable measurements down to the molecular and atomic level.”

Shares were unmoved on Friday morning at 1,020p.

Quick facts: Oxford Instruments PLC

Price: 1914 GBX

Market: AIM
Market Cap: £1.1 billion

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...


Benchmark Holdings' present at the Proactive One2One Virtual Forum

Benchmark Holdings' (LON:BMK) Trond Williksen, CEO & Septime Maguire, CFO pitch to investors at the Proactive One2One virtual forum.  Benchmark's mission is to enable aquaculture producers to improve their sustainability and profitability. We bring together biology and technology, to...

9 hours, 55 minutes ago

2 min read