Vehicle transmission specialist Xtrac, whose energy-efficient gearbox designs are helping to influence radically different technology for future road cars, has received the Queen's Award for Enterprise. The company has won the award in the category for Innovation for its development of an Integrated Lightweight Electric Vehicle (ILEV) gearbox range spearheaded by Xtrac CEO Adrian Moore.
Xtrac previously received a Queen's Award for Export and Excellence in 1992, less than a decade after it was founded to serve the motorsport industry. Nowadays, as well as continuing to serve the industry globally, it has successfully reached out to the automotive mainstream.
"Unfortunately, the COVID-19 pandemic has affected us like all other businesses in our industry, in the UK and around the world," says Moore. "With international motor racing now at a standstill, it has been necessary to furlough some of our employees, and every single one of us has volunteered to take a pay cut to get us through these uncertain times.”
"So, to receive such prestigious recognition for the highly skilled accomplishments of our people is a very welcome boost to morale for all of us. And, it's particularly good news, of course, for our fast-growing High-Performance Automotive business unit, headed by James Setter, which led the implementation of the winning Integrated Lightweight Electric Vehicle transmission project."
James Setter, head of Xtrac’s High Performance Automotive division