Since the early 1970s, Renishaw has been a leading innovator in metrology equipment and generated ￡201 million of revenues in the year ended June 2008. The company's first product, the touch-trigger probe, was invented by David McMurtry, now Sir David McMurtry, Chairman and Chief Executive, and was developed to solve a specific inspection problem for the Olympus engines used on Concorde.rnR & D continues to be the cornerstone of Renishaw's business, and in 2008 the company invested approximately 18 per cent of its revenues in R&D and engineering. The company continues to revolutionise post-process inspection of machined components and has recently launched its Renscan5~(TM) high speed 5-axis measurement technology for co-ordinate measurement machines (CMMs).
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