Redwave Labs has moved into a larger 1,400 sq ft office which will serve as its worldwide head office at Harwell Innovation Centre. With the Government announcing its intention to publish a National Innovation Plan through the UK’s innovation agency, Innovate UK, the company is poised for even greater expansion.
Redwave Labs designs, develops and manufactures electronics for optics, laser drivers and controllers and, as the market for laser technology has grown, it has enjoyed strong year-on-year growth over the past five years.
Innovate UK’s 2016/17 strategy is to find, support and grow innovative businesses in order to speed up economic growth, and it is this sector that Dr Demitri Permogorov, Redwave MD, believes will be the catalyst for further growth for the business he established in 2004.
He said: “We are delighted to continue Redwave Lab’s expansion from Harwell Innovation Centre.”
Sandie Alcock, manager at Harwell Innovation Centre, said: “Redwave Labs is a true success story, one that we will continue to support as the organisation grows and explores opportunities for collaborative projects through Innovate UK.”
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