Steorn: "Orbo launch will be 2009".
Thursday, February 5, 2009
Steorn launches SteornLab and sets out plans for 2009 launch of Orbo
Press Release From Steorn:
After six years of research and development, Steorn launches the first of the four technology streams associated with the development of Orbo technology.
SteornLab is a range of laboratory and test equipment targeted at organisations developing rotary and magnetic systems. The first two SteornLab products are available to purchase from today.
A second technology range, ZeroF passive magnetic bearings, is scheduled for commercial launch during summer 2009.
The Steorn commercialisation and e-learning platform, SKDB, will launch alongside the much-anticipated Orbo technology towards the end of 2009.
The final testing of the SKDB commences with a call for 300 engineering organisations / qualified engineers to sign up. There will be no subscription charge for those involved in this final testing phase, just a requirement to enter into our standard developer licence agreement.
"2009 represents a turning point for Steorn, Orbo and our other technology ranges," said CEO Sean McCarthy. "It marks the end of a long cycle of R&D and sees us making a strong push towards commercialisation - our plans show the business reaching profitability in the next 12 to 18 months."
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