The trading record of UV light source manufacturer Integration Technology Ltd (ITL) was described as ‘worthy of a Harvard Business School case study’ during the official presentation on Tuesday (July 21st) of the 2009 Queens’s Award for International Trade by Lord Lieutenant of Oxfordshire, Tim Stevenson OBE.
Founded in 2000, Integration Technology designs and assembles compact, lightweight, modular UV systems for a variety of inkjet and industrial applications. “The record of this company is impressive,” said Mr. Stevenson. “An enormous amount of hard work and effort needs to go into what Integration Technology has achieved and it’s founded on quality, relentless focus on customer service and a determined approach to the international marketplace.”
Mr Stevenson suggested the record of the business over the last six years as “worthy of a Harvard Business School case study”, with the company scoring a compound rate of growth in turnover over the last six years not less than 43% of its net profit compound rate of growth of 58%.
Mr Stevenson took a tour to meet some 40 staff working on the development of UV curing systems at the company’s design and assembly facility at Upper Heyford near Oxford. After presenting the Queen’s Award to ITL managing director Adrian Lockwood at a reception on the company site attended by staff and special guests from local community and global industry, he congratulated the company on its achievement.
“Winning the Queen’s Award is by no means small beer,” said Mr Stevenson. “The award is not given lightly. It’s made on merit and given its prestigious nature, there is very strong competition for it. So this is a wonderful opportunity for Integration Technology to capitalise on its undoubted strengths.”
Guest speaker Tony Baldry, Conservative MP for Banbury said: “Around ninety-eight percent of ITL products are exported and that’s a phenomenal achievement given the competition in the global marketplace.