Zettlex targets international trade accolade
Ace exporter Zettlex has joined the fight for honours in this year’s Business Weekly Awards. The company has entered the International Trade category backed by UK Trade & Investment and has great credentials.
Zettlex exports its hi-tech sensors to 34 countries including the US, Germany, China and Turkey. Its technology offers high accuracy measurement of position or speed in harsh environments – hence the company’s motto - ‘Precision in the Extreme’. The sensors are used in control systems for the aerospace, defence, medical and petrochemical sectors.
Investing in R & D has enabled Zettlex (above) to create world-class technology which, in turn, has led to some high profile design wins. The company is enjoying record sales in 2015 with 82 per cent of revenue from exports. Sales are forecast to increase by 37 per cent in 2016 with exports accounting for around 90 per cent.
Hi-tech companies 1248, Ellexus, UltraSoc and FlexEnable are also among the early entries.
Companies that collected accolades at the Awards dinner at Queens’ College, Cambridge, in March have already strengthened their collective propositions in the intervening six and a half months.
Business of the Year, Horizon, is storming ahead on all fronts and will be scaling further from a new Cambridge Research Park headquarters in the coming months.
Undo Software, our Disruptive Technology champion, has since launched its debugging software into India and now South Korea.
GeoSpock, which won the Cambridge Graduate Business of the Year accolade, has just raised a $5.4 million Series A round. The technology startup is packing on the muscle with a multi-faceted growth strategy that will embrace a new headquarters in the UK, the launch of a Silicon Valley presence and multiple hires in the next 18 months. From the size of this Series A platform it is likely that the business will grow rapidly with current cash taking it through 2016 onto a considerable Series B round some time in 2017. Typical Series B rounds in this sector range from $10m to $30m.
GeoSpock plans to expand headcount from a handful at present to around 25 in the next 18 months. From this week it will co-locate in Cambridge with world-leading location technology company Ubisense; a commercial presence in Silicon Valley has been slated for the near to medium term.
Prominent Cambridge angels poured into GeoSpock’s Series A round which brought the added benefit of fortifying the board; Stephen Churchhouse, director of corporate planning for Rolls-Royce, is among the new non-executive directors. The investment has been led by leading UK entrepreneurs Dr Jonathan Milner, deputy chairman and founder of Abcam; Dr Darrin Disley, co-founder of GeoSpock and CEO of Horizon Discovery; Parkwalk Funds and Cambridge Innovation Capital. Sir Michael Marshall, executive chairman of Marshall of Cambridge and Richard Youngman, partner at Anvil Partners, completed the investment syndicate.
Companies in every conceivable business sector across the whole of the East of England are invited to toss their hats into the ring in our all-embracing Awards competition. Businesses are judged on the quality of their products and services, the strength of their management and growth strategies and their potential. Judges do no just go on the bottom line, which is much too narrow a guide to future success.
While we judge on performance over the last 12 months, winners are also ambassadors for the competition and its sponsors for the year ahead so sustainability of the business model is paramount.
To enter the competition visit www.businessweekly.co.uk/business-awards/enter-awards