REACTION ENGINES WINS PRESTIGIOUS INSTITUTE OF PHYSICS BUSINESS AWARD
Reaction Engines has been awarded a prestigious Institute of Physics Business Innovation Award for our innovative, high performance heat-exchanger (the precooler) which, in April 2019, successfully achieved all test objectives in the first phase of high-temperature testing representative of high Mach number flight. This technology is a key element of Reaction Engines’ SABRE engine that harnesses the very fundamentals of thermo-dynamics.
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.
Committed to working with ‘physics-based’ businesses, and companies that apply and employ physics and physicists, the IOP has a rich history of supporting business innovation and growth, and the IOP Business Awards are unique in the UK and Ireland in recognising the significant contribution that physicists and physics make in industry.
There are two categories of awards – Business Innovation Awards and Business Start-Up Awards – so businesses at any stage of their development are eligible; from start-ups to multi-national 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.
Our CEO, Mark Thomas, said:
“We are delighted with this Business Innovation award and recognition from the Institute of Physics. Physics is a critical discipline within our Company, allowing us to develop SABRE and break the boundary between air-breathing and rocket propulsion”.
Institute of Physics President, Jonathan Flint, said:
“The IOP Business Awards recognise large and small companies that have built success on the creative application of physics. There are very few awards that do this.
“The application of physics has the potential to produce cutting-edge technologies, and to drive business innovation and growth. It also fuels significant positive societal and economic transformation, both locally and globally.
“Now, more than ever, we need continued investment to ensure a healthy supply of physicists in the UK and Ireland. These awards remind us of that, and of what can be achieved when our talent is encouraged, developed and rewarded.”
The winners will be presented with their awards at a ceremony in the Houses of Parliament tonight; an evening recognising entrepreneurship and excellence in physics and innovation.