South East England Development Agency (SEEDA)

Isle of Wight Company Wins Seeda Business Award for Innovation & Creativity

7 March 2008

RF Engines Ltd (RFEL), from the Isle of Wight, has won the South East England Development Agency (SEEDA) Business Award for Innovation & Creativity sponsored by QinetiQ and Shoosmiths Solicitors.

The judges found that RFEL was an exceptional company whose management understand the importance of protecting its Intellectual Property. The judges also commended the management team for its approach to investment and infrastructure and recruitment. Staff enjoy employment benefits and the opportunity to participate in an EMI share option scheme.

John Summers, RFEL’s CEO, commented: “Winning the South East Business Innovation and Creativity Award will provide tremendous validation of our technology, the talents of the team and the wonderful pro-business environment on the Isle of Wight.”

The Awards attracted over 300 entrants. Digby, Lord Jones, Minister for Trade & Investment, gave the keynote speech at the Awards ceremony on 6 March at Ascot racecourse.
Digby, Lord Jones, said: "The South East contains some of the country’s most exceptional businesses and these awards are a great way of recognising the region’s achievements. I am particularly delighted these awards have been designed to recognise sustainability as I firmly believe that business must constantly think about its place in this changing world if it wants to be truly successful."

More information about the Awards is available www.southeastbusinessawards.co.uk