Global engineering technologies company, Renishaw has been presented with the Best Technology award at this year’s PLC Awards held recently at the Grosvenor House Hotel in London, England.
Given out annually for smaller (non FTSE 100) companies listed on the London Stock Exchange, the PLC Awards is described as the 'event of the year' for London’s financial community and attended by 1,500 people including from listed companies and investment banks as well as fund managers, investment analysts and corporate advisors.
The PLC Award for Best Technology recognises a company whose business growth and success is dependent on, or attributable to the development of its technology. Renishaw was adjudged winner ahead of Oxford Instruments, Victrex and Wolfson Microelectronics.
Dr Tim Prestidge, Director of Renishaw’s Machine Tool Products Division accepted the award for the company.
In his acceptance speech, Dr Prestidge said that Renishaw invested some 17% of sales annually into R&D and engineering with innovative technology at the heart of their customer solutions for the manufacturing and healthcare sectors.
Writing about the Technology Award, the Financial Times noted that common to most of the shortlisted companies was 'a commitment to maintain high levels of expenditure in research and development', ensuring that 'whatever the state of the world economy, that they would remain as technological leaders in their global market niches’.
Dr Prestidge was presented with the award by BBC TV presenter Kate Silverton in the presence of Ian Powell, Chairman and Senior Partner of overall awards sponsor PwC, and Delphine Currie, Partner of category sponsor SJ Berwin.
Renishaw Oceania represents the Renishaw group in Australia and New Zealand. Renishaw specialises in a wide range of product innovations including touch probes, position encoders, medical devices and gauging systems among others.