“Schrader Electronics has turned a local invention inspired by local expertise into a globally successful product. The company’s success sends a strong message to the Northern Ireland business community,” said Sir Reg Empey, MLA, Minister for Enterprise, Trade and Investment.

Sir Reg Empey was speaking today at the premises of Schrader Electronics, Antrim, where he congratulated the company on winning the 2002 Queen’s Award for Enterprise.

Sir Reg was a guest at the presentation of the award to the company by the Queens’ representative the Lord Lieutenant-General, Lord O’Neill. Schrader Electronics is one of five local businesses that recently won Queen’s Awards in the category of International Trade, in recognition of export achievement and outstanding performance.

Speaking at the ceremony, Sir Reg said: “This prestigious award is a testimony to Schrader Electronics’ position as a world leader in the design and manufacture of Remote Tyre Pressure Monitoring Systems. Innovative product development has been the key factor in the company’s success and recognition such as this sends a strong message to businesses in Northern Ireland of the value of investing in research and development.

“Schrader has won several substantial contracts for its leading edge product including recent ones with Daimler/Chrysler, Ford and General Motors, the key players in the North American automotive industry. Overall, the company has achieved a ten-fold increase in exports in the last three years, a remarkable achievement that has given it an impressive presence in the global marketplace.

“Invest NI and its predecessor agencies have worked closely with Schrader Electronics on developing its products and services. The company’s recent significant expansion reflects the success of its focus on new market opportunities and its commitment to developing further technical capability and new products. This is the kind of focus that Invest NI is keen to encourage and support in local businesses since it is the cornerstone of future economic prosperity.”

Accepting the award on behalf of Schrader Electronics, Managing Director Stephen McClelland said: “I’m delighted to accept this award which is a tribute to the hard work, dedication and expertise of the staff at Schrader Electronics, who together have made the company a world leader in the automotive sector.

“Recent legislation in the USA means that remote tyre pressure monitors for cars will be compulsory from next year. This will give us a tremendous platform on which to further grow the company and ensure that we retain our position as a leader in this area.”

The presentation ceremony was followed by a tour of the factory during which Sir Reg had the opportunity of meeting some staff and seeing the manufacturing process in operation.