TTP Labtech has announced its corporate name change to SPT Labtech effective from January 6, 2020. The change of name was a contractual requirement of its divestment from TTP Group in 2018 with the backing of technology-focused investment firm Battery Ventures.
"We chose the name SPT Labtech to provide familiarity for customers and acknowledge our proud company history of scientific excellence,” David Newble, Managing Director of SPT Labtech, said. “At the same time, we are excited to mark this milestone in our journey as a standalone organisation and enter our next chapter of growth with a new name which reflects our focus going forward. The inspiration behind the name was ‘Sample Preparation Technologies’ however, this is not something we will continue to refer to from this point forward.”
For 18 years, SPT Labtech has designed and manufactured robust, reliable and easy-to-use liquid handling, sample management, Cryo-EM and multiplexed detection solutions that empower scientists. The company's products streamline critical workflows and increase agility, efficiency and productivity across drug discovery, structural biology, genomics, Cryo-EM, sample management and biobanking. With Battery Ventures supporting its strategic growth vision through investment in R&D and acquisitions, SPT Labtech is continuing to strengthen its position as a global leader in the life sciences market.
The new company name will be implemented across company websites, materials and media on Jan 6, 2020.