Xaar Invests in R&D Expansion

Published: January 02, 2014

CAMBRIDGE, UK | Xaar, supplier of industrial inkjet printheads, has leased a third facility on the Cambridge Science Park to increase R&D floor space by 50% to 48,000 sq ft. Reportedly, the expansion supports the company's considerable investment in R&D, which has seen its R&D headcount grow by 60% this year to 130 employees. 

Company says the opportunity to boost its R&D team and facilities follows an outstanding financial performance over the last few years. Sales grew by 78% in the first half of the year versus the same period in 2012, and profits were up 231%. In recognition of the strength of the company's financial performance, Xaar received the “Technology Growth Business of the Year” award at the recent UK Tech Awards and was named “Best Main Market Company” at the recent Shares Magazine Awards.

In addition to the growth in R&D staff, the team has been re-structured into two divisions to accelerate product development and maximize effectiveness. The Bulk Piezo Technology Division focuses on developing new products and product variants; the Thin Film Piezo Technology Division is focusing on next-generation technology and products that will enable company to target a wider range of applications. The first Thin Film Piezo product is due in 2016. 

“I am delighted that we have been able to continue to grow our investment in R&D to support Xaar’s future over the longer term,” says R&D director Ramon Borrell. “We have an enormous opportunity ahead of us to disrupt large and well-established markets with innovative technology which is transforming a number of sectors.”

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