Richard Matthews is the new chief executive of hyperTunnel, the award-winning technology company that has developed a revolutionary method for tunnelling and underground construction
As previous president & CEO of NDT Global, he brings international experience of managing a global services company, driving sales and delivering customer and shareholder value.
Richard Matthews takes over from hyperTunnel’s co-founders Steve Jordan and Jeremy Hammond, the former joint CEO.
Although Steve and Jordan are moving on to another role – both will continue to support hyperTunnel by utilising their respective engineering and business experience to aid the team.
‘Disrupt the underground construction space’
Jeremy Hammond said:
“We are delighted to welcome Richard to hyperTunnel.
“hyperTunnel has grown and matured incredibly quickly and it’s the right time to strengthen the top team to help us deliver the opportunities that lie ahead.
Steve Jordan added:
“Richard arrives with an exceedingly relevant technology background, thanks to NDT Global’s involvement in high-end pipeline robotics, the use of big data and the building of digital twin models; all of which are core elements of the hyperTunnel method.”
The new chief executive himself has commented:
“I am delighted and honoured to be joining hyperTunnel at such an exciting time, to lead the process of taking this game-changing technology to market and to disrupt the underground construction space.”
More about Richard Matthews
With more than 30 years international experience in the energy services sector, Richard Matthews has a passion for helping get cutting edge technology available on the market.
He has worked as a technical specialist working on oil, gas and process facilities for 10 years before moving onto robotic inspection where he held a variety of technical, P&L and global sales leadership roles.
In recent years, he was the President & CEO of NDT Global, a high-end pipeline robotics technology business, where he executed the strategic plan and led the sale of the business to PE backed strategic ownership.
He oversaw record year-on-year business performance at NDT Global by growing revenues and doubling EBITDA in 2 years, whilst improving all safety, customer and performance KPIs.
More about hyperTunnel
hyperTunnel is an award-winning company that has developed a revolutionary methodology for building and maintaining tunnels and underground infrastructure, designed to be substantially faster, safer, more economical and environmentally-friendly than current techniques.
The goal of hyperTunnel’s is to dramatically reduce the cost of tunnels.
This would allow global demand for increased yet more sustainable transportation solutions to be achievable.
A diverse set of technologies from various industries from digital twins, robotics, 3D printing and digital underground surveying, supported by AI and VR are used by the company to redefine what is possible in tunnel construction, enlargement, monitoring and repair.
The company was in 2018 by businessmen Steve Jordan and Jeremy Hammond.
hyperTunnel employs 38 people at its Basingstoke (UK) headquarters, and outdoor learning environment (the hOLE) and Geolab in the North Hampshire Downs.
The patented methodologies and its range of products and technologies are available via licence, leasing, consultancy and project support.
hyperTunnel was named a Top 50 Contech Startup of 2021 by Cemex Ventures.
