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FOCALPOINT WINS PRESTIGIOUS INSTITUTE OF PHYSICS BUSINESS AWARD
FocalPoint has been awarded a prestigious Institute of Physics Business Innovation Award for its groundbreaking Supercorrelation™ technology that significantly increases the positioning performance of location-aware devices including smartphones, wearables, and autonomous vehicles.
The Institute of Physics (IOP) is the professional body and learned society for physics, and the leading body for practising physicists, in the UK and Ireland. With a rich history of supporting business innovation and growth. It is committed to working with ‘physics-powered’ businesses, and companies that apply and employ physics and physicists.
The IOP’s Business Awards are unique in the UK and Ireland in recognising the significant contribution that physicists and physics make to industry. There are three categories of awards – Business Innovation, Business Start-Up and the Lee Lucas Award (for the medical and healthcare sector) – so businesses at any stage of their development are eligible; from start-ups to multinational corporations.
The IOP Business Innovation Award specifically recognises and celebrates companies that have excelled in innovation, delivering significant economic and/or societal impact through the application of physics.
Dr Ramsey Faragher (pictured middle) Founder, President and CTO of FocalPoint collecting the IOP Business Innovation Award
Dr Ramsey Faragher, Founder, President and CTO of Focal Point said, “Supercorrelation is a revolutionary technique that combines machine learning, signal processing and sensor fusion to improve the overall accuracy, sensitivity and security of low cost consumer GNSS devices. It provides a fundamental step change in performance, while saving hardware costs. We are truly honoured to win the Business Innovation Award for our pioneering technique and for its unique performance characteristics that meet the demands of 21st Century consumers.”
Institute of Physics President, Professor Sir Keith Burnett, said:
“The IOP Business Awards recognise and reward the achievements of physics-powered businesses at all stages and of all sizes. Whether well-established or a start-up, an SME or corporation, these innovative companies are making significant contributions to the UK and Ireland’s scientific research and development, driving innovation and supporting the economy.
“All of this year’s winners have creatively applied physics to bring about positive change to individuals, societies or economies, by tackling a new problem or improving on a previous solution, and all are thoroughly deserving of an IOP Business Award.
“Recent events have underlined the absolute necessity to encourage and reward our scientists. We rely on their dedication and innovation for our lifestyles, wellbeing and safety.”