{"id":92064,"date":"2018-05-18T11:30:00","date_gmt":"2018-05-18T11:30:00","guid":{"rendered":"http:\/\/mostafa.openonline.co.uk\/?guid=78e3250b0badbe798bcff29fcedab713"},"modified":"2018-05-18T11:30:00","modified_gmt":"2018-05-18T11:30:00","slug":"news-story-qioptiq-opens-3-7-million-warehouse-to-support-armed-forces","status":"publish","type":"post","link":"https:\/\/mostafa.openonline.co.uk\/?p=92064","title":{"rendered":"News story: Qioptiq opens \u00a33.7 million warehouse to support armed forces"},"content":{"rendered":"
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Optical and photonics business Qioptiq<\/a> has opened a new \u00a33.7 million warehouse in St Asaph, North Wales, that will support an \u00a383 million contract with the Ministry of Defence<\/a>.<\/p>\n

The six-year contract saves the MoD \u00a347 million and means Qioptiq will ensure vital night vision equipment is available to UK armed forces around the globe.<\/p>\n

The company\u2019s success came after it realised it needed to take a more collaborative approach to its work and gain outside expertise on reducing costs through a leaner supply chain.<\/p>\n

It entered into a Knowledge Transfer Partnership (KTP) with Cardiff Business School and KTP associate Thanos Goltos.<\/p>\n

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Find out more about how Knowledge Transfer Partnerships work.<\/a><\/p>\n<\/div>\n

Expertise helped Qioptiq win major contract<\/h2>\n

Thanos worked for Qioptiq under the supervision of business school academics. His expertise in inventory forecasting showed how the business could reduce its inventory by 25%.<\/p>\n

Peter White, managing director of Qioptiq, said:<\/p>\n

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The KTP has produced outstanding results. Historically, we operated a complex supply chain, but Thanos\u2019s expertise has developed a toolset we could use to support our integrated logistics supply operations.<\/p>\n<\/blockquote>\n

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For this opportunity we acknowledged we needed to take a more collaborative approach to external funders and expertise. The partnership has helped secure a major contract from the MoD to support equipment vital to the safety of our soldiers in frontline operations.<\/p>\n<\/blockquote>\n

Qioptiq designs and manufactures photonics products for a range of markets including medicine, life science, defence, manufacturing and aerospace. It is part of the US corporation Excelitas Technologies, which employs more than 500 people in North Wales.<\/p>\n

Thanos said:<\/p>\n

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It was a great opportunity for me to put my expertise to good use under supervision from two highly experienced academics. It\u2019s been a tough, enjoyable journey, and the results have been well worth the effort.<\/p>\n<\/blockquote>\n

The KTP was co-funded by the Welsh Government<\/a>, the Engineering and Physical Sciences Research Council<\/a> and Innovate UK. The Welsh Government also invested in the new warehouse at St Asaph.<\/p>\n

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Apply for innovation funding.<\/a><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Knowledge Transfer Partnership helped optical and photonics business to win \u00a383 million MoD contract to service night vision equipment and open new facility.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"_links":{"self":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/92064"}],"collection":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=92064"}],"version-history":[{"count":0,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/92064\/revisions"}],"wp:attachment":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=92064"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=92064"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=92064"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}