Automotive and motorsport speciali ,based in Thatcham, Berkshire, has been presented with the Queen’s Award for Enterprise in the Innovation category at a VIP event that also recognised the contribution made by the company’s apprentices.
The Thatcham-based firm received the accolade for its integrated lightweight electric vehicle transmission (ILEV) system, a gearbox family designed for the next generation of high-performance electric vehicles planned by manufacturers including Aston Martin and Lotus.
At the event on 29 October, the Lord Lieutenant of Berkshire Mr James Puxley presented James Setter, head of High-Performance Automotive at Xtrac, with the ‘Award for Innovation’ on behalf of HM The Queen.
VIPs attending included Kit Malthouse, MP for North West Hampshire, and Minister of State in the Home Office. The Mayors of Thatcham and Newbury also took part. Ian Wolloff, the Principal of Newbury College, which provides Xtrac apprentices with academic education, was also among the VIPs meeting members of the Xtrac team who developed its high-tech engineering solution for electric vehicles.
Xtrac CEO Adrian Moore, said: “We are thrilled that this award recognises our innovation. It’s a real honour for the company and not only underlines the opportunities for UK businesses to develop electric vehicles but also validates our investment in the technology, people and skills necessary to make it happen.”
Xtrac has had a comprehensive apprenticeship scheme in place for more than 30 years, and apprentices played a crucial role in the design and manufacturing of the gearbox.
Laura Farris, Member of Parliament for Newbury, said: “The Queen’s Award for Enterprise is a prestigious accolade, richly deserved by one of West Berkshire’s most successful and innovative businesses.
“Xtrac has been an industry leader for many years and provides outstanding opportunities for young people in West Berkshire through its apprenticeship scheme and subsequent career paths. I am confident that Xtrac’s ILEV system will enhance Britain’s progress towards meeting our net-zero targets.”
The Queen’s Award highlights the continued growth of Xtrac’s High-Performance Automotive business stream, which focuses on its clients’ needs for advanced automotive engineering and the electric vehicles increasingly favoured by consumers.
“The Award for Innovation marks a momentous period for the company, which following the lockdown in March 2020, has remained operational, also participating in the Ventilator Challenge UK initiative,” added Adrian.
Xtrac’s motorsports business continues to be relied on by teams in many racing formulae such as Formula One, as well as rally and sportscar racing events across the globe. Most recently, the company supplied gearboxes for the first 17 cars to pass the finish line at the renowned Le Mans 24 hrs race, which Xtrac has come to dominate in recent years.