November 16, 2012
TURBOCHARGER COMPANY ACCELERATES WITH TOP AWARD
West Midlands–based Aeristech, which has pioneered fuel efficient low-cost turbocharger technology, has won the Energy Institute’s Technology Innovation Award for 2012 for its full electric turbocharger.
The major award, presented last night (November 15, 2012) at the Sheraton Park Lane Hotel, London, is a further boost to the company that two years ago attracted £500,000 of investment including a £125,000 from Midven’s Early Advantage Fund, along with subsequent investment of £562,500 including a further £125,000 from Midven’s fund
Now in their 13th year, the annual Energy Institute Awards recognise individuals and organisations across the global energy sector, promoting excellence and innovation across many disciplines. They emphasise significant industry developments and dynamic approaches to new technologies.Aeristech has developed a system that enables car manufacturers to downsize engines without reducing performance: cutting emissions and cost.
Michael Lane, Secretary General, Conservation of Clean Air and Water in Europe and judge said: “The overall quality of this year’s submissions was even higher, making the judging difficult. The commitment of managers and teams to their projects was exceptional, especially those that required effort beyond their normal business activities.”
Aeristech Ltd, which is based in Kenilworth, was founded in 2006 as an engineering R&D consultancy firm to develop hybrid turbo technology. The technology is particularly attractive to car and truck manufacturers, who for competitive, environmental and legislative reasons, need to increase the efficiency of their engines.
Aeristech has revolutionised the technology of turbochargers by solving the previous problem of turbo-lag, the pause between depressing the accelerator and the turbocharger kicking in, thus allowing manufacturers to downsize engines without impacting performance.
Mike Woodroffe, Chairman of Aeristech who received the award, said: “This award is great news for the business and confirmation that we are helping to deliver technology that has the capability of increasing the efficiency of engines and helping to meet carbon emission reduction targets.
“This is technology that works and we’re keen for the world to know. The publicity that winning attracts will be of tremendous help.”