Congratulations to CLF spinout Cobalt Light Systems, named as a recipient of the prestigious 2015 Queen’s Award for Enterprise. The award – in the category of International trade – is the UK’s highest accolade for business success.
The judging panel recognised Cobalt’s outstanding performance in international sales – with 17-fold overseas earnings growth over the last three years – citing the establishment of a new Cobalt entity (Cobalt Light Systems, Inc.) in the USA and strategic partnerships with regional distributors as key factors in winning the award.
The Queen’s Award recognises Cobalt’s rapid growth since 2011, with innovative technologies enabling the development of successful products in two key markets:
“We are delighted to receive such a prestigious award, which recognises the tremendous efforts made by everyone at Cobalt since the company was founded in 2008”, said Dr Paul Loeffen, CEO of Cobalt Light Systems. “We are continually investing in R&D to develop innovative technologies, and our dramatic revenue and export growth over the last three years is testament to how well our products have been received both in the UK and around the world. We look forward to continued success, particularly in overseas markets. The opening of the new Cobalt US office in Washington DC is just one of a number of initiatives in our plan for future growth.”
About the Queen’s Award for Enterprise:
Queen’s Awards are given for outstanding business achievement in the fields of International Trade, Innovation and Sustainable Development. The awards are made annually by HM The Queen, and are only given for the highest levels of excellence demonstrated in each category. Winners of The Queen’s Awards receive an invitation to attend a special reception at Buckingham Palace.
