These financial results and the growth in Colortrac market share are a strong validation of our strategic product and business direction.
St Ives, Cambridgeshire, UK
21st April 2012
Colortrac, a leading innovator in the field of wide format scanning technology, has been awarded the prestigious Queen's Award for Enterprise 2012 in the category of International Trade.
Colortrac sales of their SmartLF large format scanners and SmartWorks software achieved a substantial and sustained increase in export earnings over a three year period to a level which is considered outstanding for the products and services concerned.
The Queen's Awards for Enterprise is an awards programme for British businesses and other organizations that excel at international trade, innovation or sustainable development. They are the highest official UK awards for British businesses and the scheme was established as The Queen's Award to Industry by a royal warrant of 30th November 1965.
Expanding on the implications of The Queen's Awards for Enterprise, Colortrac Executive Director Peter Brown noted that “Clearly the worldwide economic downturn has had an adverse impact on the performance of many markets and businesses over the past three years.
Colortrac’s long term investments in development of innovative wide format scanner and software products and the expansion of our ISO certified manufacturing facilities, has provided us with greater capacity and the flexibility to react to our customers’ requirements in terms of product quality, performance, functionality and value.
These financial results and the growth in Colortrac market share are a strong validation of our strategic product and business direction. We have a profitable base from which to continue our market expansion and The Queen's Awards for Enterprise is a very pleasing confirmation of our recent success, spurring us on to strive for greater future achievements”.
Furthermore, Peter said "I am delighted that our customers have seen the benefits of the quality, innovation and creative thinking put into the SmartLF large format scanners and SmartWorks imaging software that we produce. Customers understand how these technical innovations and SmartWorks software features can increase their business productivity and performance. We have a rapidly increasing order book which, combined with planned new product introductions, should provide us with continuing profitable growth in our business, even in this difficult economic climate.”
The Queen’s Awards for Enterprise are made on the advice of the Prime Minister after examination of applications by an Advisory Committee composed of leading individuals from industry, commerce and government. The awards are conferred annually by the reigning British monarch Elizabeth II on her majesty’s birthday on 21st April.
For further information contact:
Rob van Brakel,
Tel: +44 (0)1480 464618
About Colortrac ...
Founded in 1989 and based in St Ives, Cambridgeshire, UK, a region of British excellence in science and technology, Colortrac Ltd is the leading innovator in professional wide format scanners and image acquisition software solutions with many new technically innovative patents created by their Research and Development departments, including the NEW SingleSensor scanning technology.
Colortrac was the first wide format scanner manufacturer to recognize the individual merits of both Charge Coupled Display (CCD), Contact Image Sensor (CIS) and will incorporate the newly introduced SingleSensor technology into some of their new SmartLF scanners. Coupled with a full range of supporting SmartWorks software, they are creating unique customer solutions to simplify scanning problems across the full spectrum of applications. These range from the demanding Graphics Arts market to practical, productive CAD, GIS, EDM and FM technical document scanning.
Colortrac Ltd has offices in Beijing and Suzhou, P.R. China, in Chantilly, Virginia, USA and in Yokohama, Japan and now in Mexico.
Further information about Colortrac’s products can be found at: www.colortrac.com
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