Royal recognition for St Neots IT business

PUBLISHED: 08:22 25 April 2014 | UPDATED: 08:22 25 April 2014

Pico Technology, St Neots, have won a Queen’s Award for Enterprise, (front) Managing Director Alan Tong, holding one of the products, with staff members.

Pico Technology, St Neots, have won a Queen’s Award for Enterprise, (front) Managing Director Alan Tong, holding one of the products, with staff members.

Archant

A St Neots IT company has won a Queen’s Award for Enterprise for its international trade.

Pico Technology Ltd was one of 10 firms in the East of England announced as a winner on Monday.

Based in Eaton Socon, Pico designs and manufactures electronic test equipment for diagnosing faults in vehicles.

Employing 64 people, it was set up in 1991 and has a network of 180 distributors in 130 countries across the world.

Sales to the United States make up nearly 42 per cent of its exports.

It won the Queen’s Award for continually growing its overseas earnings, which have shot up by 204 per cent in six years. Since 2008, growth of sales in Japan has been 460 per cent, China 543 per cent and Russia 271 per cent.

Pico managing director Alan Tong said: “We are honoured to win this prestigious award and our policy of finding the best local talent has led to this amazing growth of the company and made this all possible.”

Liz Basing, UK Trade and Investment (UKTI) East of England regional director, said: “The Queen’s Awards for Enterprise are the UK’s most prestigious business awards. Our region has enjoyed considerable success in recent years, and I’d like to congratulate the latest winners.

“Queen’s Award winners lead the way in showcasing the significance of international trade.

“UKTI East is already working with many award winners in the region. Our team is here to help businesses grow through exports, and I would encourage businesses of all sizes to contact us to begin their exporting journey.”

INFORMATION: For more on Pico, visit www.picotech.com.

More news stories

Friday, January 19, 2018

Motorists have been warned to expect delays during the next three weeks while work is carried out on the A428, between St Neots and Cambridge.

Friday, January 19, 2018

Chief Secretary to the Treasury Liz Truss visited Stansted Airport today to highlight the importance of exports to the UK economy and to hear about the airport’s multi-million pound expansion plans.

Friday, January 19, 2018

A driver was cut from their car after a collision in Sapley this morning (January 19).

Friday, January 19, 2018

Work has started on the construction of a new community primary school at Wyton-on-the-Hill.

Most read stories

Local business directory

Cambridgeshire's trusted business finder
HOT JOBS

Show Job Lists

Digital Edition

Image
Read the Hunts Post e-edition E-edition

Newsletter Sign Up

Sign up to receive our regular email newsletter