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.