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LONDON - SDI Group PLC (LON:SDI), a company specializing in the acquisition and development of specialist lab equipment, industrial and scientific sensors, and products, announced today that InspecVision Ltd, one of its portfolio companies, has been honored with the King’s Award for Enterprise in International Trade.
InspecVision, known for designing and manufacturing advanced computer vision-based measurement systems, was acquired by SDI Group on October 30, 2024. These systems are integral in industries such as automotive and aerospace, where they ensure components meet high-quality standards, thus enhancing production efficiency and minimizing waste.
The King’s Award for Enterprise, formerly the Queen’s Awards for Enterprise, is a mark of excellence for British businesses and is considered the country’s most prestigious business accolade. Renamed in 2023, the award is now in its 59th year and allows recipients to use its emblem for five years. InspecVision’s achievement is particularly notable as it marks their second recognition, the first being in 2021 when it was still known as the Queen’s Award.
The company’s international trade success is underscored by a 126% growth in overseas sales over the past three years, with 96% of its products being exported to more than 40 countries. This award highlights InspecVision’s excellence in expanding its global footprint.
Stephen Brown, CEO of SDI Group, expressed pride in InspecVision’s accomplishment, stating that winning the King’s Award for Enterprise for a second time within five years is testament to the company’s high-quality product development and successful market expansion.
InspecVision’s repeated recognition by this prestigious program demonstrates the company’s position as a leading player in the UK’s engineering sector, focusing on a niche but essential market segment. SDI Group anticipates continued support for InspecVision’s growth trajectory following this significant accolade.
This news is based on a recent press release statement from SDI Group PLC.
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