GLOUCESTERSHIRE, UK-- Renishaw plc
has received a Queen’s award for Enterprise 2011 in the innovations category, the company’s 14th Queen’s Award since its formation in 1973, and its fifth in eight years. This award has been granted for the development of the TRS2 laser-based noncontact broken tool detection system, which is used for detecting broken or missing cutting tools on computer numerically controlled (CNC) machining centers.
The Queen’s awards for Enterprise are the United Kingdom’s most prestigious awards for business performance, which recognize and reward outstanding achievement by U.K. companies. For Renishaw, which earns some 95% of its sales revenues overseas, the international credibility of the Awards is also very important.