Motherwell-based ultrasound sensors developer Novosound has appointed former Baker Hughes boss Dr Derek Mathieson as its chairman.
Dr Dave Hughes, founding director and chief technology officer at Novosound, said: “Derek brings vast experience of international businesses to Novosound. With the global ultrasonic market now valued at $45billion, and growing, we strongly believe there is a huge opportunity to grow at scale and to take a big part of that market.
“Attracting such an influential and internationally respected industry leader as Derek is extremely exciting for us and is a strong reflection on the work we have delivered to date and demonstrates our future ambitions and plans.”
In December 2019, Novosound raised £3.3 million from a Series A funding round led by Foresight Williams, alongside existing shareholders including Par Equity, Kelvin Capital, Gabriel Investments, the University of the West of Scotland, and the Scottish Investment Bank, the investment arm of Scottish Enterprise.
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