Press Release

Plextek breaks into the 2008 Sunday Times Tech Track 100

Three successful years of solid growth see Cambridge based design consultancy make its mark as one of Britain's fastest growing, unquoted technology companies

Issued 29/09/2008

Plextek, the Cambridge-based electronics and communications design consultancy, has made its first appearance in the Sunday Times Tech Track 100 - a nationwide ranking of Britain's fasted growing, unquoted technology companies. Based on impressive 56% average sales growth between 2005 and 2008, Plextek achieved a ranking of 56th in yesterday's report.

In recent years Plextek has been actively increasing business outside its core design consultancy work to increase its global competitiveness. This has included a range of product design services and the launch of its first branded product, the Blighter portable radar for the security market. Plextek now also provides contract manufacturing services for its design customers, meaning the firm can now manage a product through its entire cycle from design to manufacture and supply. This transition has helped Plextek secure a number of big multi-million pound contracts including supplying its innovative Blighter radar systems to the UK MoD and long term, high value design and supply contracts with TRACKER Network UK and US company LoJack Corporation for production of stolen vehicle recovery units.

Colin Smithers, Managing Director and founder of Plextek commented: "We're delighted to have made it on to the Tech Track ranking and be regarded as one of Britain's fastest growing technology companies. For a company of our maturity to achieve this level of sustained growth is a fantastic achievement. Despite the current tough industry climate, we're performing well and are on track to post another year of solid growth."

The Sunday Times TechTrack 2008