CAMBRIDGE, England,
April 23, 2012 /PRNewswire/ --
Ubisense Group Plc. (LSE:UBI), a market leader in location
solutions technology today proudly announces that it has won the
internationally-renowned Queen's Award for Innovation and also for
International Trade. The Awards follow the success of Ubisense's
listing on the AIM market of the London Stock Exchange last year.
The Awards are announced in conjunction with Her Majesty's
birthday.
The first award for International Trade recognises Ubisense's
outstanding growth in overseas earnings, with export markets now
representing 97% of total revenue. Ubisense has shown an overall
overseas earnings growth of 83% since 2008 and it now sells its
products and solutions in Canada,
Korea, China and Japan, in addition to its original US and
European markets.
The second award for Innovation has been given to Ubisense for
developing a real-time, location-tracking system ("RTLS") that can
precisely determine the 3D position of tagged objects to a much
higher accuracy than is possible with technologies such as GPS. The
system is deployed in a variety of environments, such as vehicle
production lines where it reduces manufacturing costs by
monitoring, optimising and automating existing processes.
The Queen's Awards for Enterprise are the most prestigious UK
awards, celebrating outstanding business success. HM The Queen
selects the award winners annually on the advice of the Prime
Minister, who is assisted by an Advisory Committee that includes
representatives from government, industry and commerce.
Ubisense receives the prestigious Awards for the first time for
its outstanding and sustained achievement in developing innovative
solutions and products, and applying them to create significant
international commercial success. This year has seen substantial
business growth for Ubisense, with new customers including Hyundai
and Jaguar Land Rover, as well as wider engagements with
established customers such as Aston Martin, BMW Group and
Airbus.
"It is the highest honour to receive the Queen's Awards for
Enterprise in not one but two categories," said Richard Green, CEO of Ubisense. "It is
tremendous recognition of the work that the team does not only in
terms of developing great products but also in delivering these
products and solutions successfully to customers globally. We are
all very proud and will continue to strive to deliver UK innovation
to the rest of the world."
About Ubisense
Ubisense, the market leader of location solutions, delivers
mission-critical enterprise asset tracking and geospatial systems.
The company's location technology provides more than 500 customers
worldwide with unprecedented visibility of, and control over,
previously intractable business processes. Ubisense is
headquartered in Cambridge, UK,
with offices in the USA;
Canada; France; Germany; Singapore; and Korea. For more information
visit: http://www.ubisense.net
Contact
FTI Consulting Tel: +44(0)20-7831-3113
Sebastian Mathews
Jon Snowball