P2i listed 27th in The Sunday Times Hiscox Tech Track 100
September 20, 2012
P2i is delighted to announce it has been ranked 27th in The Sunday Times Hiscox Tech Track 100 league table of top-performing private companies. The prominent placement recognizes the successful commercialization of the liquid repellent nano-coating technology into the global market place.
P2i has achieved an average sales growth of 91% a year over the last three years, with significant revenue increases in the Electronics sector. In this time, P2i has diversified the application of the technology to include protection for smartphones, tablets and hearing aid devices, landing contracts with major global brands including Motorola, TCL and GN ReSound.
Carl Francis, Chief Executive Officer of P2i, comments: “What we are seeing here is just the tip of the iceberg. P2i has already successfully gained contracts with some of the world’s largest and most innovative mobile phone manufacturers to provide invisible liquid repellency to their smartphones. This has required us to install processing capacity in manufacturing centers across the globe, capable of applying the nano-coating to tens of millions of phones per year.”
Steve Langan, Managing Director of Hiscox UK and Ireland, the title sponsor of the league table, said: “Just as London 2012 will inspire young athletes, so too should the stories behind these Tech Track companies inspire the next generation of entrepreneurs. Brainy, tenacious and above all hard working, these privately-owned businesses deserve every bit of recognition for their important contribution to our economy.”
Alongside the sales growth, P2i is also a major export success story as over 90% of the Company’s revenues are generated outside of the UK. Ongoing investment in research and development has seen the patent portfolio increase to 60 families, with major inroads made regarding other functional nano-coatings including anti-scratch, anti-fingerprint and anti-microbial.
“P2i is already the world leader in liquid repellent nano-coating technology, and we remain more confident than ever in P2i’s future as the dominant global force in a range of functional nano-coatings,” said Francis.
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European Business Awards – Vote Now
Following the successful innovation of the technology for the Electronics sector, P2i has been recognised as a National Finalist for the European Business Awards. Help us become a National Champion by watching our short video and voting for P2i at:
P2i is the world leader in liquid repellent nano-coating technology. It was established in 2004 to commercialize liquid repellent treatments developed by the UK’s Ministry of Defence. Now on a commercial scale, P2i’s patented process has been successfully applied to a wide range of products in a wide range of markets including Lifestyle, Electronics, Life Sciences, Military & Institutional and Filtration & Energy.
In consumer sectors, the presence of P2i’s technology is indicated either by Aridion™, its brand for Electronics, or ion-mask™, its brand for Lifestyle (including footwear and accessories). See www.p2i.com for more information.
media contacts Natasha Verniquet +44 (0)1235 838 715 or email@example.com
About Fast Track
Fast Track has published league tables of top-performing companies with The Sunday Times for the past 16 years. Its invitation-only dinners provide a valuable opportunity for entrepreneurs to network and meet its sponsors. The company was founded and is run by Dr Hamish Stevenson, who also holds an associate fellowship at Green Templeton College, Oxford University.
League Table Criteria: Companies had to be unquoted, independent and registered in Britain. They were ranked by compound annual growth rate (CAGR) in sales over their latest three financial years between 2008 and 2011 or 2009 and 2012.
The Tech Track 100 adapts the amended London Stock Exchanges’ (LSE) techMARK definition of a technology company as one ‘that shows a commitment to innovation, research and product development, and operates in sectors including software, internet, telecoms and biotech’.
The research was carried out by Fast Track between May and August.