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Pin to quick picksSmiths Group Share News (SMIN)

Share Price Information for Smiths Group (SMIN)

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Share Price: 1,635.00
Bid: 1,638.00
Ask: 1,640.00
Change: 26.00 (1.62%)
Spread: 2.00 (0.122%)
Open: 1,620.00
High: 1,640.00
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UPDATE 1-Britain orders ventilators from vacuum-maker Dyson as F1 teams stand ready

Thu, 26th Mar 2020 14:07

* Britain orders 10,000 ventilators from Dyson

* Goevrnment seeks 30,000 new ventilators in total

* Separate engineering consortium awaits green light
(Adds government statement)

By Paul Sandle, Kate Holton and Costas Pitas

LONDON, March 26 (Reuters) - Britain has placed an emergency
order of 10,000 ventilators designed at breakneck speed by
bagless vacuum cleaner company Dyson, the first fruits of an
industry-wide call to arms to prepare for the looming peak of
the coronavirus outbreak.

In another industry effort, a consortium of companies in the
aerospace and engineering sectors are working with seven Formula
One racing teams to ramp up production of existing ventilator
models, with a manufacturing launch date penned in for March 30.

Ahead of an expected surge of cases that could overwhelm
Britain's publicly funded health service, Prime Minister Boris
Johnson made an urgent appeal to manufacturers 10 days ago to
build ventilators to help keep patients alive.

Production of Dyson's new CoVent ventilator could start
early next month but the government made clear the order was
dependent on it passing safety and regulatory tests.

"The core challenge was how to design and deliver a new,
sophisticated medical product in volume and in an extremely
short space of time," billionaire founder James Dyson said on
Wednesday evening in an email to staff seen by Reuters.

"The race is now on to get it into production."

Dyson is able to draw on the company's expertise in air
movement, motors, power systems, manufacturing and supply chains
to design and build an entirely new ventilator.

The company revolutionised the vacuum cleaner market with
its bagless cyclonic device in the 1990s and has since gone on
to build air purifiers, hand dryers and fans from its base in
southwest England and manufacturing plants in Malaysia,
Singapore and the Philippines.

TARGET: 30,000

The aerospace and engineering consortium, meanwhile,
includes such names as Rolls-Royce, BAE, Airbus
and Siemens UK which will help existing medical device
makers such as Penlon and Smiths Group to ramp up production.

It is waiting for the green light from government.

British engineer Babcock has also joined forces with
a leading medical equipment company and experts from London's
Royal Brompton Hospital.

The companies have all sprung into action after the
government said it needed another 30,000 ventilators to save the
lives of patients who develop complications with COVID-19. The
government is also acquiring the life-saving devices from
private hospitals and international producers.

Britain currently has about 8,000 ventilators with another
8,000 on order to come into the health system in about a week

By 0900 GMT on Wednesday some 9,529 people had tested
positive for the virus in the United Kingdom while 463 patients
had died.

Britain has also bought 3.5 million antibody testing kits -
largely used to determine if someone has already had the virus -
and is currently making sure they work before distributing them.

Prototypes of an antibody test which could be a game-changer
in the fight against the pandemic are being assessed and are
ready to be optimised, the developer of the technology said on
Thursday.

Many staff within the National Health Service (NHS) have not
been tested, a major concern for health workers and a cause of
mounting criticism of the government's response.
(Additional reporting by Alistair Smout; Editing by Guy
Faulconbridge, Stephen Addison and Pravin Char)

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