We are delighted to celebrate today, 21st April 2016, being one of the select businesses recognised as winners of the 2016 Queen’s Award for Enterprise – the UK’s highest accolade for business success. Our awards were received for both International Trade and Innovation.
The International Trade award was in recognition of achieving outstanding growth and commercial success in our export markets with 97% of overseas sales in 25 countries last year. PSL operate as one company spread across the globe to address our global customers’ needs with 8 global operations. In the past three years, the business accelerated its international development with the establishment of an international distribution network and the opening of two new sales offices for the Asia-Pacific market, one in Perth Australia in 2014 and one in Singapore in 2016. The expansion was in response to an increasing demand for PSL’s innovative technology around the globe from South Korea to Brazil. By supporting our geographical markets the company reached a record £10m worth of orders from 2015-2016. 17 years ago we won the Queen’s Award for Export Achievement and this new award confirmed PSL’s international strategy as sustainable and successful.
Our success abroad and also nationally was the result of constant innovation being recognised by the Queens Award for Innovation.
As a medium sized engineering and manufacturing business innovation is one of our core values. We believe in supporting drug developers and manufacturers in providing advanced process technologies to bring new generation treatments into the market place faster. Specifically, the award recognises the innovative MicroSphere RefinerTM as a commercial success. This technology has been developed and refined over 15 years and resulted in rapid growth over the last three years.
This revolutionary technology allows for the sterile filtration, classification, drying and harvesting of polymeric microspheres used as drug delivery devices. These biodegradable particles work as miniature time release capsules for parenteral drugs, to treat various conditions including cancer to diabetes. PSL received the Best Mechanical Processes Award during the ACHEMA Innovation awards last year and receiving the Queens honour in addition to our industry accolade is a great achievement for all the employees.
“Winning a Queen’s Award for Enterprise is a huge achievement as a business – particularly in a special year, as we celebrate H.M. The Queen’s 90th birthday. We were ecstatic and slightly overwhelmed to find out that we had won two awards for both International Trade and Innovation! The awards have fallen in a year of significant growth for us and they accentuate the core values that have been with us since the beginning of Quality, Innovation and Global Relationships. Looking to the future – at PSL we never stand still. We pride ourselves in being inventors of new technology and unique ways of doing things to continue contributing to global pharmaceutical innovation.”
by Amanda Pitcher, PSL Managing Director
PSL was established in 1989 as one of the pioneers in high containment systems for the pharmaceutical industry. Since the first trading years, the SME worked with Singapore and other overseas markets, and continuously innovated to remain at the forefront of its industry. Now a multimillion pound business with 8 offices around the globe and over 75 dedicated employees, the company enters a new page in its history with sustainable growth and constant innovation to the benefit of our customers and ultimately suffering patients around the world.
PSL staff are looking forward to a year of celebration with the upcoming Award Ceremony that will be held at PSL premises in Liverpool, the Buckingham Palace special reception in July and other key events to be announced!
Posted on Thursday, April 21st, 2016 at 3:27 pm in Press Releases.