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SSTL make it into Britain’s Top 100 technology companies
October 01, 200330 September 2003
Guildford-based space company, Surrey Satellite Technology Ltd, have achieved a placing in The Sunday Times Tech Track 100, which recognises Britain’s fastest growing technology companies. SSTL’s sales have grown 50% a year from £5.4 million in 2000 to £12.2m in 2002.
Compiled by Oxford-based research organisation, Fast Track, the listing tracks Britain’s most dynamic unquoted companies.
SSTL’s Managing Director, Dr. Jeffrey Ward, commented on the result: “SSTL led the way in developing affordable satellite systems. Now we are reaping the benefits of a growing marketplace and a world-leading brand. We are confidently expecting to report another 20% growth in sales for 2003.”
This week’s Tech Track announcement follows Saturday’s successful launch of three SSTL satellites for the Disaster Monitoring Constellation (DMC). Ground station teams in Abuja, Ankara and Guildford are currently commissioning the satellites for Nigeria, Turkey and the UK after all three satellites were confirmed as operational less than 3-hours after launch.
An innovative concept, the DMC was designed by SSTL and brings together organisations from Algeria, China, Nigeria, Turkey and the UK, resulting in the world’s first small satellite constellation dedicated to monitoring global disasters.
Science Minister, Lord Sainsbury, visiting Surrey said: “This is an excellent example of Government funding for science and technology leading to viable business and new market opportunities for UK industry. Targeted support had enabled SSTL to further develop technology expertise and consolidate its position as a world class enterprise.”
In July, SSTL were contracted by the European Space Agency to build the demonstrator satellite for Galileo, Europe’s own global navigation satellite system. SSTL was selected for the £20 million contract due to their experience and track record in the design, build and operation of small satellite programmes with demanding technical, financial and schedule constraints.
Surrey Satellite Technology Ltd
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