Analysis
Sentec praised by Her Majesty the Queen
Sentec, the smart metering technology specialist, was congratulated by Her Majesty the Queen at a reception for Queen’s Award winners at Buckingham Palace following its Queen’s Award for Enterprise success. Sentec received the prestigious award in the International Trade category for exceptional overseas earnings.
The Sentec received the award in recognition of its exceptional growth over the last three years, during which time the company more than trebled its overseas earnings to £4.3m.
Dr Mark England commented: “We were honoured to meet the Queen at this very special occasion. Winning the Queen’s Award for Enterprise is a testament to all the hard work the whole team at Sentec has put into growing the company and sustaining its reputation for excellence worldwide. We are proud to see the effort and world class level of expertise that we have put into creating commercially successful projects recognised in this way.”
Sentec’s award-winning growth was achieved by implementing a successful market strategy that involves licensing selected partners and providing them with support during product development and continuing consultancy services. As a result, Sentec technology is now included in almost half (approximately 5 million) of the smart electricity meters currently installed in the USA and in 7.7 million meters in total. Sentec is also continuing its commitment to the advancement of smart metering closer to home, with a licensing agreement with OnStream, a National Grid company, to bring Sentec’s flagship Mobius current sensor technology to the UK smart electric meter market.
The Queen's Awards for Enterprise are the UK's most prestigious awards for business performance. They recognise and reward outstanding achievement by UK companies, with the International Trade category recognising organisations that have demonstrated growth in overseas earnings. Announced to coincide with Her Majesty’s birthday on 21st April with award ceremonies organised at later dates, the awards are given annually to companies selected by The Queen, on the advice of the Prime Minister, who is assisted by an advisory committee that includes representatives of Government, industry and commerce, and the trade unions.