UK-based Racelogic has been singled out as a double winner in the Queen’s Awards for Enterprise, receiving both Innovation and International Trade awards.
Announced on April 21 to mark Queen Elizabeth II’s birthday, the 2012 Queen’s Awards for Enterprise listings contained 209 companies, with Racelogic being one of only four to be honored with the award for both Innovation and International Trade.
UK-based Racelogic has been singled out as a double winner in the Queen’s Awards for Enterprise, receiving both Innovation and International Trade awards.
Announced on April 21 to mark Queen Elizabeth II’s birthday, the 2012 Queen’s Awards for Enterprise listings contained 209 companies, with Racelogic being one of only four to be honored with the award for both Innovation and International Trade.
Racelogic won one of the 50 Innovation awards selected this year for the company’s advances in GPS/GLONASS test simulation, with customers such as Broadcom, ST-Ericsson, and Telefonica using LabSat to test their devices. More than 300 companies entered the Innovation category.
Because almost 90 percent of Racelogic’s sales are now to countries other than the United Kingdom, with customers in 92 countries around the world, they also received one of the 151 International Trade awards. Some 423 companies competed in the International Trade category.
Racelogic’s CEO, Graham Mackie, said: "We are extremely proud to be named as a winner of these two awards, with many highly reputable companies in the UK competing for these honors.”
Mackie added, "As a company we continue to grow and now employ over 50 people in the UK alone. We have distributors located all over the world who help us to market and sell our systems to a wide variety of markets and customers."
Racelogic delivers solutions to the automotive and electronic sector, with the design and manufacture of systems to measure, record, and simulate data from moving vehicles.
Hidden Technology Systems International Ltd. of Rayleigh, Essex, also won an international trade award for its “secure GPS hardware and software in the furtherance of disrupting terrorist and serious criminal activity.”
Winners will be invited to collect their awards at a reception hosted by the Queen in Buckingham Palace later this year.
The Award Scheme, originally known as The Queen’s Award to Industry, was instituted by Royal Warrant in 1965 following the recommendations of a committee chaired by the Duke of Edinburgh. The first awards were made in 1966.
The Queen’s Award to Industry was replaced in 1976 by two separate Awards — The Queen’s Award for Export Achievement and The Queen’s Award for Technological Achievement.
The queen makes the awards on the advice of the British prime minister, who is assisted by an advisory committee that includes representatives of government, industry and commerce, and the trade unions.
