Connect with us
DAPA Banner
DAPA Coin
DAPA
COIN PAYMENT ASSET
PRIVACY · BLOCKDAG · HOMOMORPHIC ENCRYPTION · RUST
ElGamal Encrypted MINE DAPA
🚫 GENESIS SOLD OUT
DAPAPAY COMING

Business

Five North East companies celebrate prestigious King’s Awards for Enterprise

Published

on

Business Live

The North East winners include Palintest, Express Engineering Group, Inflo Group, Openworks Engineering and Forfusion

Express Engineering group includes sites on Tyneside and in Middlesbrough.

Craig Swinhoe, chief executive officer of Express Engineering (left) and Chris Thompson, chairman.(Image: Express Engineering Group)

A handful of North East businesses are among those in the UK to be handed King’s Awards for Enterprise.

The prestigious awards, now in their 60th year, are rigorously judged and single out outstanding businesses from across the UK and Channel Islands for their contribution to economic growth and improving lives. They span the categories of international trade, innovation, sustainability and promoting opportunity.

The North East firms are this year among 186 recipients, representing a broad range of sectors. Regional winners include Gateshead-based electrochemical water testing firm Palintest, their Team Valley neighbours and subsea equipment maker Express Engineering Group, North Shields-based audit software business Inflo Group, Prudhoe-based drone capture tech creator Openworks Engineering and IT specialist Forfusion, based at Cobalt Park.

Express Engineering Group, which includes Express Engineering in Gateshead and QA Weld Tech in Middlesbrough, was recognised in the International Trade category for outstanding short-term growth. The maker of precision-engineered equipment for the offshore industry was founded in 1973 by the late Keith Thompson and has grown into a £60m turnover business employing about 330 highly skilled people across seven advanced manufacturing facilities in Gateshead and Middlesbrough.

Advertisement

Chris Thompson, chairman of Express Engineering Group, said: “I have dedicated more than 50 years to this business, and growing the company my father founded into a world-leading exporter has been an immense privilege. This King’s Award is a testament to our people, from those team members who have been with us for decades to the talented apprentices who are the future of our trade.

“Our growth has always been built on a foundation of technical expertise and a global reputation for excellence. I am incredibly proud of what we have achieved together, and I know that the business is in a stronger position than ever to continue flying the flag for North East engineering on the world stage.”

The SkyWall counter drone technology, made by OpenWorks in Northumberland

The SkyWall counter drone technology, made by OpenWorks in Northumberland

Openworks was founded in 2015 by five friends who shared a passion for engineering. The Prudhoe firm now employs 100 people who help produce its range of products for detection, tracking, identification and targeting of threats such as drones and uncrewed vessels. The Prudhoe-based business was recognised in the international trade category for its global reach, with exports accounting for about 90% of its sales.

Chris Down, chief executive officer at OpenWorks Engineering, said: “OpenWorks has scaled rapidly in the last three years to meet global demand for systems that can detect, track, identify and effectively target nuisance and malicious drones. Receiving the King’s Award for Enterprise in the international trade category is a huge achievement and a great honour; it recognises our team’s dedication to developing and supporting solutions that make a real difference to NATO and its allies.

Advertisement

“I’m really proud of what we’ve all achieved together, and of what we continue to build to provide enhanced situational awareness through AI to defence and security forces. Exporting isn’t straightforward, but it has certainly exposed us to many different forces that have built strength and experience into OpenWorks.”

Water testing innovator Palintest won an award in the Innovation category for its Kemio sensors. The Gateshead-developed technology was launched in 2019 and is the product of three years of in-house research and development. It is now used in more than 30 countries, in locations such as food production sites in the UK to naval vessels in Australia and desalination plants in Qatar. The method simplifies a previously complex process and delivers results in about a minture.

The firm’s research and development manager Kevin McDermott, who led the development programme, said: “Kemio is a Gateshead success story—developed entirely in the North East and now trusted worldwide in safety‑critical applications. Above all, it stands as a major achievement for Palintest’s engineering and scientific teams, whose skill, dedication, and collaboration made it possible.”

Steven Forrest, CEO of Forfusion.

Steven Forrest, CEO of Forfusion.(Image: Supplied by Aoife Forbes of Different Narrative)

Technology and IT business Forfusion was successful in the Promoting Opportunity category for its work in developing talent and its support of Armed Forces personnel. The North Tyneside firm’s Civilian Work Attachment scheme helps ex-forces people transition into civilian employment, giving them hands-on experience across technical and operational teams, along with mentoring and career support.

Advertisement

Steven Forrest, chief executive officer and founder at Forfusion, said: “Receiving a King’s Award for Enterprise is a moment of real pride for everyone at Forfusion. Being recognised for how we champion opportunity, particularly through our work supporting veterans into civilian careers, reflects our belief that innovation and growth are strongest when people come first.

“We’ve built this business in the North East, and we’re proud that it now operates nationally while continuing to create meaningful pathways for talent to thrive across the sector. We’re proud of the business we’ve built, and we’re just as proud of the people who make it what it is.”

Inflo senior team, left to right: Grant Cooper, Mark Edmondson, Tom Gatherecole and Graham Clark

Inflo senior team, left to right: Grant Cooper, Mark Edmondson, Tom Gatherecole and Graham Clark(Image: Inflo Group)

Inflo Group – recognised in the International Trade category – was founded in 2016 by four experienced auditors who saw a gap in the market to simplify processes for other auditors. The North Shields firm is active in the US market with its product that aims to automate more of the audit process and allow professionals to concentrate on value-adding activities.

Blair McDougall, minister for Small Businesses and Economic Transformation said: “A huge congratulations to every business receiving awards this year, who once again have illustrated the best of British innovation and talent. These awards show that right across the UK, there are small businesses that are thriving, growing and succeeding and it’s only right that we champion these successes.”

Advertisement
Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Business

US Senate Committee set to consider long-awaited crypto bill next week

Published

on

US Senate Committee set to consider long-awaited crypto bill next week


US Senate Committee set to consider long-awaited crypto bill next week

Continue Reading

Business

Kelly Services, Inc. (KELYA) Shareholder/Analyst Call – Slideshow

Published

on

OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Kelly Services, Inc. (KELYA) Shareholder/Analyst Call – Slideshow

Continue Reading

Business

Trump administration reaches deal with non-profit over DC golf courses

Published

on

Trump administration reaches deal with non-profit over DC golf courses


Trump administration reaches deal with non-profit over DC golf courses

Continue Reading

Business

Upwork Inc. (UPWK) Q1 2026 Earnings Call Transcript

Published

on

OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Operator

Good day, and thank you for standing by. Welcome to Upwork Q1 2026 Earnings Conference Call. [Operator Instructions] Please be advised that today’s conference call is being recorded. I would now like to hand the conference over to your first speaker, Gary Fuges, VP of Investor Relations at Upwork.

Gary Fuges
Vice President of Investor Relations

Advertisement

Thank you, and welcome to Upwork’s discussion of its first quarter 2026 financial results. Joining me today are Hayden Brown, Upwork’s President and Chief Executive Officer; and Erica Gessert, Upwork’s Chief Financial Officer. Following management’s prepared remarks, they will be happy to take your questions. But first, I’ll review the safe harbor statement.

During this call, we may make statements related to our business that are forward-looking statements under federal securities laws. Forward-looking statements include all statements other than those of historical fact. These statements are not guarantees of future performance, but rather are subject to a variety of risks, uncertainties and assumptions. Our actual results could differ materially from the expectations reflected in any forward-looking statements. For a discussion of the material risks and other important factors that could affect our actual results, please refer to our SEC filings available on the SEC website and on our Investor Relations website as well as the risks and other important factors discussed in today’s earnings press release. Additional information is also available in our quarterly report on Form 10-Q for the quarter

Advertisement
Continue Reading

Business

Grupo Supervielle S.A. (SUPV) Q1 2026 Earnings Call Transcript

Published

on

OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Operator

Good morning, and welcome to Grupo Supervielle’s First Quarter 2026 Earnings Call. I’m Ana Bartesaghi, Treasurer and IRO.

[Operator Instructions] [Foreign Language] Today’s conference call is being recorded. Speaking today are Patricio Supervielle, our Chairman and CEO; Gustavo Paco Manriquez, CEO of Banco Supervielle; and Mariano Biglia, our CFO. Diego Pizzulli, CEO of invertironline, will also be available during the Q&A session. [Foreign Language]

Before we begin, please note this call may include forward-looking statements. Please refer to our earnings release and SEC filings for further details. Patricio, please go ahead. [Foreign Language]

Advertisement

Julio Patricio Supervielle
Founder, Chairman of the Board & CEO

Thank you, Anna. Good morning, everyone, and thank you for joining us today. The first quarter marked an early but important step in our earnings recovery with underlying profitability returning to positive territory, excluding extraordinary severance charges.

We maintain a disciplined approach to growth. Loans declined sequentially, reflecting seasonally lower demand in local currency lending and our continued focus on selective origination. U.S. dollar loans grew 13% in original currency terms, although peso appreciation masks growth when reported in local currency.

Advertisement

We also further optimized our funding mix by reducing higher-cost wholesale deposits and strengthening deposit quality. Asset quality showed early signs of stabilization, while the NPL ratio stood at 5.6% at quarter end, delinquency trends improved slightly through March following the February peak.

In parallel, cost of risk improved

Advertisement
Continue Reading

Business

Mitek Systems, Inc. (MITK) Q2 2026 Earnings Call Transcript

Published

on

OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Operator

Good afternoon, ladies and gentlemen, and welcome to the Mitek Reports Fiscal Second Quarter 2026 Financial Results.

[Operator Instructions] This call is being recorded on Thursday, May 7, 2026. I would now like to turn the conference call over to Mr. Ryan Flanagan with IRC. Please go ahead.

Advertisement

Ryan Flanagan

Thank you, operator. Good afternoon, and thank you for joining us today to discuss Mitek’s Fiscal Second Quarter 2026 financial results.

Joining me today are Chief Executive Officer, Ed West; and Chief Financial Officer, Dave Lyle. Please note that today’s call will include forward-looking statements and because these statements are based on the company’s current intent, expectations and projections, they are not guarantees of future performance, and a variety of factors could cause actual results to differ materially. A description of these risks and uncertainties can be found in our 10-Q filing dated May 7, 2026, and our other SEC filings.

These forward-looking statements include, but are not limited to, our expectations around customer demand for our products and services, expansion of our Check Fraud Defender or CFD, data consortium, the ongoing stability of our check verification business, our growth and investment plans, expected improvements in gross profit and unit economics, improvement to operating leverage and scale, expected free cash flow conversion rates and our FY ’26 financial outlook and guidance.

Advertisement

Except as required by law, we do not undertake any obligation to update these forward-looking statements. This call will also include references to non-GAAP adjusted results. Please reference this afternoon’s press release and our Investor

Continue Reading

Business

IonQ executive chair sells $188,272 in stock

Published

on


IonQ executive chair sells $188,272 in stock

Continue Reading

Business

InflaRx N.V. (IFRX) Discusses Strategic Focus on Izicopan for ANCA-Associated Vasculitis and Renal Diseases Transcript

Published

on

OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Jan Medina
Head of Investor Relations & VP

Good morning, everyone. Thank you for standing by, and thank you for joining our conference call this morning to discuss our recently announced effort to pursue izicopan for AAV and other renal diseases. Today’s presentation will take about 45 minutes. [Operator Instructions] Please note that today’s call is also being recorded. [Operator Instructions] As I said, we’ll be done in about 45 minutes this morning and get you on your way.

I would now like to turn the call over to Niels Riedemann, CEO and Founder of InflaRx. Niels, please go ahead.

Advertisement

Niels Riedemann
Co-Founder, CEO & Executive Director

Thank you, Jan. Ladies and gentlemen, good morning, and thanks for listening in. It is our pleasure to be sharing with you our recent prioritization here on the renal space, particularly in the ANCA-associated vasculitis. So may I please ask to forward to first slides. Please take note of the important notice and disclaimers. We will be making forward-looking statements. We are a public-listed company. So I appreciate your taking note.

Next slide, please. So we’re excited about our new molecule, izicopan, which is an oral inhibitor of the C5a receptor really. The C5a/C5aR pathway is a critical driver of inflammatory cascade, both angles, C5a, the ligand and its main receptor C5aR, both validated targets. From a clinical, both and the regulatory and commercial perspective also in ANCA-associated

Advertisement
Continue Reading

Business

Spyre Therapeutics director Michael Henderson sells $5.95 million in shares

Published

on


Spyre Therapeutics director Michael Henderson sells $5.95 million in shares

Continue Reading

Business

US concerned by Taiwan defence delay ’concession’ to China

Published

on

US concerned by Taiwan defence delay ’concession’ to China


US concerned by Taiwan defence delay ’concession’ to China

Continue Reading

Trending

Copyright © 2025