Quantum Tunnelling Composites form an entire area of Material Science that has a wide range of applications from robotics to automotive and from touch screens to consumer electrical products.
The Queen's Award for Enterprise is the UK's most prestigious Award for business performance. The Innovation category is for continuous innovation and development, sustained over not less than five years to levels that are outstanding for the size of a company's operations.
David Lussey, Peratech's CTO and founder said: “It is amazing to think that an experiment to find a conductive adhesive went wrong and resulted in the creation of QTC, which is now the basis for a British company that has millions of pounds worth of sales around the world. We are all honored to receive this Award because innovation is the one, undisputed thing that the British really excel at so the competition is intense.”
Founded in 1996, Peratech is a privately held company based in Richmond, North Yorkshire with 20 employees. The company commercialized its QTC technology at the beginning of 2006 and is currently working with a number of key technology clients who are implementing QTC sensing technology within their own products. Its business is essentially the IP licensing model that has been proven to be rapidly scalable and highly profitable for the likes of ARM and many others. The company is profitable with 100% of sales being to overseas customers making it an excellent example of British innovation bringing in global revenue. Peratech is a rare example of a university spin-in with a close working relationship with the University of Durham who are researching into the properties of Quantum Tunnelling Composites.
QTC is a patented technology that uses metallic and non-metallic filler particles combined in an elastomeric binder. When pressure is applied, the electrical resistance drops in proportion to the amount of pressure, which allows sophisticated Human Machine Interface (HMI) designs to be created that react