April 23, 2012 8.00 am This story is over 122 months old

Lincoln company wins Queen’s business award

Queen’s Award: Lincoln company wins the UK’s highest accolade for business success.

Dr Philip Davies, Rakon’s Business Unit Manager

A company based in Lincoln has won the coveted Queen’s Award for Enterprise, the UK’s highest accolade for business success.

Rakon, based on Sadler Road, has more than doubled its turnover in the last three years by increasing exports of high-end electronic components.

The company supplies to the world’s largest telecommunications companies, including Ericsson, Nokia, Cisco and China’s Huawei.

It employs almost 100 people in Lincoln at its manufacturing facility and around 30 more in Harlow, Essex.

Driven by an increase in bandwidth required to support the growth in smartphones and tablets, Rakon’s technology allowed the roll out of new systems cost-effectively.

Three years ago Rakon was producing a maximum of 25,000 hi-tech components a week. It now has the capacity to produce 80,000 to 100,000 units a week.

“We are absolutely thrilled to have won this award” says Dr Philip Davies, Rakon’s Business Unit Manager.

“It is the culmination of a very exciting and satisfying 3-4 years during which time many companies have struggled.

“Ours is a tremendously competitive industry. We are up against companies much larger than ourselves based in China, Taiwan, Japan, North America and elsewhere.

“So I am immensely proud of our achievements against such competition – the team has worked incredibly hard and this accolade is a just reward for our outstanding success,” he added.