Bowman Power Group is celebrating after winning a top national award in recognition of its world leading innovation in energy recovery technology.
Bowman Power Group- recognised as the fastest growing high-technology firm in the South of England – won the Made In Britain category at the prestigious CBI-backed Growing Business Awards.
‘It’s in a sweet spot with unlimited potential,’ said the panel of judges making the award. ‘Bowman represents extraordinary innovation and is a company that needs the greatest possible encouragement at this stage in its development.’
Bowman won the award for its innovative high-speed turbogenerator that recovers energy from large engine exhausts and converts it into electricity. It shared the prize with Chester’s EA Technology.
After accepting the award from former 1500m world champion Steve Cram MBE, Bowman CEO Dr Toby King said: ‘This award recognises the hard work and dedication of everyone at Bowman, and highlights the fact that our successful and innovative technology is developed, manufactured and tested in the UK.
‘It’s been a long road and it’s never easy, but I believe we have shown that with a high-tech product of real value to our customers you don’t need to outsource all of your manufacture, you can do it in the UK and be competitive.’
Bowman is growing rapidly and will achieve a turnover of over £9m this year. Revenue is forecast to approach £50m by 2017.
Speaking at the London Marriott Hotel event hosted by Real Business magazine Mark Stokes, from sponsoes Lloyds Bank, said: ‘It’s time to champion British enterprise and ensure these businesses reach their full potential in both national and international markets’.
‘It’s encouraging to see so much innovation, energy and promise from all corners of the UK and across so many sectors.’
‘They are a fascinating and highly impressive group of entrepreneurs and high-growth businesses whose future successes will no doubt play a vital part in our economic recovery.’
For further insight into Bowman’s technology and this prestigious award, you can listen to Marcus White’s interview with Toby King on BBC Radio Solent here.