CAMBRIDGE, U.K—FocalPoint has been awarded a prestigious Institute of Physics Business Innovation Award for its groundbreaking Supercorrelation technology that significantly increases the positioning performance of location-aware devices including smartphones, wearables, and autonomous vehicles.
The Institute of Physics (IOP) is the professional body and learned society for physics, and the leading body for practicing physicists in the U.K. and Ireland. With a rich history of supporting business innovation and growth. It is committed to working with “physics-powered” businesses and companies that apply and employ physics and physicists.
The IOP’s Business Awards are unique in the U.K. and Ireland in recognizing the significant contribution that physicists and physics make to industry. There are three categories of awards—Business Innovation, Business Start-Up and the Lee Lucas Award (for the medical and healthcare sector)—so businesses at any stage of their development are eligible, from start-ups to multinational corporations.
The IOP Business Innovation Award specifically recognizes and celebrates companies that have excelled in innovation, delivering significant economic and societal impact through the application of physics.
“Supercorrelation is a revolutionary technique that combines machine learning, signal processing and sensor fusion to improve the overall accuracy, sensitivity and security of low-cost consumer GNSS devices,” said Dr. Ramsey Faragher, founder, president and CTO of FocalPoint.
“It provides a fundamental step change in performance, while saving hardware costs. We are truly honored to win the Business Innovation Award for our pioneering technique and for its unique performance characteristics that meet the demands of 21st Century consumers.”
“All of this year’s winners have creatively applied physics to bring about positive change to individuals, societies or economies, by tackling a new problem or improving on a previous solution, and all are thoroughly deserving of an IOP Business Award,” said Sir Keith Burnett, president of the Institute of Physics. “Recent events have underlined the absolute necessity to encourage and reward our scientists. We rely on their dedication and innovation for our lifestyles, well-being and safety.”