EA TECHNOLOGY has won the Queen’s Award for Enterprise: Innovation for the second time, with sales of its groundbreaking UltraTEV products up 345% worldwide in the last three years.
The Capenhurst-based power engineering specialist has also doubled its workforce to nearly 200 and won orders in 86 countries during a time of global recession. More than 85% of UltraTEV products are exported, with growth markets including China.
The 2011 award ‘for continuous innovation over five years’ covers the development and success of EA Technology’s UltraTEV family of products, which are used to prevent failures and measure the condition of substation equipment used by power companies.
The original UltraTEV instrument won the Queen’s Award for Innovation in 2007 and has given rise to three subsequent generations of product development, with a fourth on the way.
EA Technology Group CEO Robert Davis said: “Our second award recognises the imperative for companies like ours to keep innovating if we want to succeed in world markets.
“We reinvest more than 15% of our revenue in innovation annually and in the last year we have doubled the size of our product development team. Now we are set to double it again.
“The Government says it wants to see more new products ‘designed in Britain and made in Britain’ to get the economy moving again and create jobs. That’s exactly what we do.”
Originally formed as the research and development arm of the UK electricity industry, EA Technology became independent in 1997. The company is owned by its employees and has operations in Australia, China, the Middle East and USA, together with 35 international distribution partners.