Pace exports recognised by Queen’s Award

April 21, 2008:  UK set-top box firm Pace Micro Technology has won the Queen's Award for International Trade for the second time, in recognition of increasing its exports by 251% over three years to GB£ 335mn (US$ 699.8mn), which in the final year represented 81% of total sales.

Neil Gaydon, CEO of Pace Micro Technology, commented: “Winning the Queens Award for International Trade is testament to the tremendous work that has taken place at Pace over the last three years in broadening our international customer base and creating the best portfolio of pay TV customers in the world.”
 
Over the last three years, Pace has won business in four new territories – Germany, South Africa, Canada and Turkey – and grown its operations in the US, winning business with the two largest pay TV operators in the world.
 
Neil continued: “We had a long-term strategy to break into the US – the largest pay TV market in the world. Two established suppliers had dominated the region for many years, creating high technological barriers to entry, and causing other global consumer electronics companies that had tried to enter the market to fail.