County Durham Business & Tech News
Business, technology and spinout news from Durham, Sedgefield and NETPark across County Durham.
DEALSLife sciencesMagnitude Biosciences Secures £1.3m to Speed Up Drug DiscoveryThe Sedgefield-based Durham spinout uses tiny worms, AI and automated imaging to help pharma companies test treatments for ageing and neurodegenerative disease.
SPINOUTSAIDurham Spinout StratoBayes Launches With £280k to Bring AI Below GroundThe company uses AI and statistical modelling to help geologists predict what lies beneath the surface, from geothermal sites to carbon storage.
BUSINESSSpace and defenceFiltronic Wins New US Satellite Contract and Expects at Least £55.5m RevenueThe County Durham RF technology business enters its new financial year with an order book covering 90% of expected revenue.
TECHSpaceLockheed Martin Commits More Than £100m to North East Space SectorThe package is headlined by a proposed £85m satellite manufacturing facility at NETPark and a technology centre in Newcastle.
BUSINESSSpaceFiltronic Opens NETPark Facility With Capacity for £200m Annual RevenueThe SpaceX supplier’s new advanced manufacturing base in County Durham could support nearly four times its current revenue.
DEALSAIDurham’s Feasibly Wins £200k From PraeSeed ProgrammeThe geospatial AI start-up helps engineers quickly assess whether sites are suitable for solar installations.
TECHSpaceFiltronic Wins £1.2m to Build Next-Generation Satellite AmplifierThe UK Space Agency-backed project will develop a 550W Ka-Band amplifier that slots straight into existing ground stations.
BUSINESSPropertyAgreement Signed to Accelerate Durham’s Aykley Heads Innovation DistrictMuse, Durham County Council and Durham University have agreed how they will work together on the site.
BUSINESSSpace and defenceFiltronic Doubles Revenue to £56.3m as SpaceX Deal Powers Record YearThe Sedgefield-based company tripled operating profit after winning contracts with SpaceX, Viasat, Airbus and the European Space Agency.
SPINOUTSAIDurham Spinout StratoBayes Launches With £280k to Bring AI Below GroundThe company uses AI and statistical modelling to help geologists predict what lies beneath the surface, from geothermal sites to carbon storage.BUSINESSSpace and defenceFiltronic Wins New US Satellite Contract and Expects at Least £55.5m RevenueThe County Durham RF technology business enters its new financial year with an order book covering 90% of expected revenue.TECHSpaceLockheed Martin Commits More Than £100m to North East Space SectorThe package is headlined by a proposed £85m satellite manufacturing facility at NETPark and a technology centre in Newcastle.BUSINESSSpaceFiltronic Opens NETPark Facility With Capacity for £200m Annual RevenueThe SpaceX supplier’s new advanced manufacturing base in County Durham could support nearly four times its current revenue.DEALSAIDurham’s Feasibly Wins £200k From PraeSeed ProgrammeThe geospatial AI start-up helps engineers quickly assess whether sites are suitable for solar installations.TECHSpaceFiltronic Wins £1.2m to Build Next-Generation Satellite AmplifierThe UK Space Agency-backed project will develop a 550W Ka-Band amplifier that slots straight into existing ground stations.BUSINESSPropertyAgreement Signed to Accelerate Durham’s Aykley Heads Innovation DistrictMuse, Durham County Council and Durham University have agreed how they will work together on the site.BUSINESSSpace and defenceFiltronic Doubles Revenue to £56.3m as SpaceX Deal Powers Record YearThe Sedgefield-based company tripled operating profit after winning contracts with SpaceX, Viasat, Airbus and the European Space Agency.