April 21, 2015

Ikon Science wins 2015 Queen’s Award for Enterprise

London, April 21st: For the second year in a row, Ikon Science has been named as a winner of the Queen’s Award for Enterprise. In 2014, Ikon GeoPressure had won the Queen’s Award in the International Trade Growth category. Now the whole company receives this distinguished acknowledgement for its achievements.

“We are very honoured to receive the Queen’s Award for Enterprise, the highest accolade for business enterprise” said Martyn Millwood Hargrave, CEO. “Ikon Science has received this award in recognition of its outstanding performance in growing International Trade. We have increased overseas earnings by 455% over the last six years and we now export to over 200 companies in 44 countries which include markets in the Americas, Africa, the Middle East and Asia.”

Ikon Science started up in South West London. Backed by investors including Shell and Tullow Oil, and building on close  relationships with a number of leading academic institutions such as Imperial College London, Heriot-Watt University Edinburgh and Durham University, the company has been able to develop a unique breed of software modelling technologies combining ease of use, cross-domain integration and rigorous scientific content. These are built on the company’s RokDoc® software platform. A number of targeted acquisitions over the past 10 years has increased the technology footprint and supported the push to strengthen international business.

“Ikon Science’s domestic & overseas growth has been driven by its reputation for innovative technology and expert scientists combining to predict and understand the subsurface. There is increasing demand for oil & gas companies to improve drilling targeting, effectiveness and the safety of their operations”, said Steve Hunt, COO at Ikon Science. “The company quickly became the partner of choice for reaching these goals.”

Ikon Science wins the 2015 Queen’s Award for International Trade thanks to a considerable investment in training, research and development. Over the past three years Ikon has established technical business hubs in Bergen, Jakarta, Rio de Janeiro, Calgary, Adelaide and the UAE to support local clients.

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