Dearman, the clean cold technology company, won two awards at the annual Innovate UK SME Innovation Awards, held at the Houses of Parliament.
The company was presented with the ‘Innovation Leading to Investment’ award in recognition of the company’s success in attracting investment to develop its game changing clean-cold technology and grow the company. Dearman went on to be presented the overall ‘Inspirational Innovation’ award by Jo Johnson MP, Minister of State for Universities, Science, Research and Innovation.
Toby Peters, founder and CEO of Dearman said: “For innovation to have impact, eureka moments must be turned into commercial realities. Our climate challenges are enormous and urgent and we need to develop technologies which will radically reduce the environmental impact of our lifestyles. This process also needs to happen quickly – we need to compress the timeline between invention and global deployment.”
Dearman technology has been developed to harness liquid nitrogen and deliver clean cold and power. At the heart of the company’s technology portfolio is the revolutionary zero-emission Dearman Engine, which is powered by the expansion of liquid nitrogen rather than polluting petrol or diesel. The Dearman engine can be used in a range of applications, where it provides an efficient, cost effective and high performance alternative to fossil fuels. The most advanced application of the technology is a zero emission transport refrigeration system, which has been developed in partnership with Hubbard Products and Air Products, and is currently undergoing trials with Sainsbury’s.
The SME Innovation Awards aim to recognize examples of excellence among projects funded by Innovate UK. The ceremony recognized projects and companies that demonstrate the impact of innovation on business growth and driving the economy, which can in turn inspire others.
Innovate UK Chief Executive Ruth McKernan said: “Our small business awards showcase the stories behind some of the excellent new innovations that Innovate UK helps to get closer to market every year. They also help Parliamentarians see how vital business-led innovation is to growing the economy and any industrial strategy. I congratulate all the nominees and winners.”
