Hampshire-based fibre-optics company Point Source has been awarded a coveted Queen’s Award for Enterprise in recognition of its achievements in international trade. The company increased its overseas revenues by 86% in three years leading up to the award and sold an impressive £33 million of exports in that time.
Point Source designs and manufacturers high-tech, precision laser equipment used in scientific and medical research. Its technology has played a part in ground breaking scientific projects including research on the NASA space shuttle, mapping of the human genome and the development of personalised medicine.
It is the second time that Point Source has won this major accolade. In 2002 the company was awarded The Queen’s Award for Enterprise, in both the International Trade and Innovation categories.
Managing Director David Pointer, who started the company in 1991, has presided over 18 years of continuous controlled growth has an impressive display of technology and business awards won over the years in his boardroom.
“Our business strategy is based on three critical success factors: innovation, investment and export. This, and the dedication of the whole team here at Point Source, have led to the achievement. I am very proud – we all are – to have won the Queen’s Award,” said Pointer.
Point Source is a member of the Qioptiq Group, a leading international organisation of world-leading optics companies.