Perpetuum: self-powered rail safety technology drives jobs growth
A fast-growing spin-out from Southampton University has used EU research funding and innovation funding through Innovate UK to further develop technology for the rail industry that is improving safety and reliability and delivering significant cost reductions.
This has established Perpetuum as a global market leader. More than 45% of the company’s sales were exported in 2015 and this is expected to rise to 70% or more over the next 3 years.
Volume orders and trials of its self-powered condition monitoring systems for rail operators around the world have resulted in staff numbers almost trebling in the last three years.