IIT was formed in March 2006 when the company founders, with several technology opportunities, were brought together with the expertise and resources of the former North East Innovation Centre (NEIC) which had 25 successful years in new engineering product design‚ process development and manufacturing systems. Once established, the company was able to develop its technologies with the aid of early stage investment from YPIL Ltd.‚ a private investment company specialising in new technology projects.

As well as the patented powder milling process‚ with supporting materials handling and processing equipment, IIT is also developing other innovative products including new fuel enrichment technology for improving coal fired power station efficiency.

To allow the company to rapidly grow, and take its technologies to market from its new manufacturing facility, IIT have raised significant investment funds from Dubai-based Millennium Private Equity in a groundbreaking deal which could herald more firms across the UK taking advantage of untapped funds in Asia and the Middle East.

History

Today’s business comprises an experienced team of professionals with backgrounds in powder milling and processing, minerals processing equipment design and manufacture, sales and after sales support. The teams are supported by management with backgrounds in engineering‚ new product development, manufacturing and supply chain management and international outsourcing.