Business
Winning of Queen's Award for Enterprise
Winning of Queen's Award for Enterprise.
About this update from Inspiration Healthcare Group Plc
[{"type":"text","content":"\n \nRNS Number : 7126W Inspiration Healthcare Group PLC 23 April 2019 \n\nInspiration Healthcare Group plc\n(\"Inspiration Healthcare\", the \"Company\" or the \"Group\")\n \nWins Queen's Award for Enterprise\n \n \nInspiration Healthcare Group plc (AIM: IHC), the global medical device company, is delighted to announce that Inspiration Healthcare Ltd, a wholly owned subsidiary of the Company, has won the Queen's Award for Enterprise in recognition of the Company's outstanding level of International trade.\n \nThe Queen's Awards for Enterprise are the UK's most prestigious business awards. The International Trade category recognises outstanding growth in overseas earnings and year on year growth in overseas sales over a six-year period. Each year thousands of UK businesses enter this prestigious award programme.\n \nInspiration Healthcare Ltd exports its medical technology products for use in critical care and operating theatres to over 50 countries globally and has a network of over 80 active international distributors throughout the world. In its last annual financial report published in April 2018, international revenues rose by over 13% from the previous year to approximately £5milion, out of the Company's total revenue of £15.5million. Of this international revenue, approximately 62% originated from mainland Europe, 15% from the Middle East and Africa, approximately 13% from the USA and 10% from the rest of the world. The key products that Inspiration Healthcare exports are Tecotherm Neo, Inspire nCPAP and AlphaCore5.\n \nCommenting, Neil Campbell, CEO said \n \n\"We are absolutely thrilled to have won the Queen's Award for Enterprise which recognises the hard work our team have put into developing our brand awareness as well as our business outside of the UK. It has taken many years to establish this international presence and we are justifiably proud of the recognition through gaining the most prestigious of UK business awards. Looking forward, we are confident that we will continue to grow our international business by developing and launching new medical products which are specifically designed to improve patient outcomes around the world.\"\n \nEnquiries:\n\n\n\nInspiration Healthcare Group plc\nNeil Campbell, Chief Executive Officer\nMike Briant, Chief Financial Officer\n\...