Presented at a gala reception held in London on Wednesday 15th April, Gloucester-based Advanced Insulation – a leading manufacturer of technical and insulation materials for the upstream oil and gas industry – was announced as joint winner of the National Smart Product Award at this year’s EEF/Aldermore Future Manufacturing Awards.
Commenting for Advanced Insulation, Global business development manager Philip Watson says: “This year’s Smart Product Award is a real boost for the company. It builds on last year’s EEF Business Growth Award and adds to a growing list of successes in 2015, which has already seen Advanced Insulation placed at number 89 in the Sunday Times BDO Profit Track 100 and our Plymouth-based Manuplas business unit win the regional EEF Environmental Efficiency Award.”
Mark Stephens, Deputy CEO of Aldermore, says: “Despite its value to the UK economy, manufacturing is an unsung hero. These awards go some way towards shining a light on the dedication, commitment and innovation going on each and every day in this dynamic and exciting sector. Companies that bring innovative new products to market drive growth and success, and Advanced Insulation has to be applauded for winning this national award.”
The Smart Product Awards recognise companies that have most successfully designed and delivered new products to market within the last three years, by delivering innovation in manufacturing as a competitive edge. Advanced Insulation won the regional and national awards for its ContraFlame® MS400 lightweight under-deck protection system for offshore oil platforms; and was up against stiff competition from businesses across the United Kingdom.
The judges were won over not only by Advanced Insulation’s end-product, but with the commitment, attention-to-detail and determination demonstrated throughout the process of bringing it to market. The company analysed and understood market needs to create a safer, lighter and more durable insulation technology that has become a commercial success and can be used in a number of markets.
“Advanced Insulation’s ContraFlame ® MS400 is a robust lightweight under-deck insulation system for offshore oil platforms that uses the company’s patented phenolic-based material technology. It is simple to install, offers significant weight savings (up to 100x) compared to traditional systems and can achieve savings up to £10 million per platform. Additionally, the new insulation system benefits from the company’s compression moulding capability and achieves a 60-minute hydrocarbon fire rating for each 107mm thick panel.” says Philip.
Advanced Insulation’s ContraFlame MS400 has already achieved significant success, has been approved by BP, Exxon, Dong Energy and TOTAL, and has already generated multi-million pound savings for major international oil companies.