02 July 2008
02 July 2008
MagmaTech has won the 2008 Building Exchange (BEX) innovation competition for its commitment to developing new and sustainable construction products from composite materials.
London based company MagmaTech received the award on Tuesday (24/06/08) night at the BEX event, a major construction conference being held in Valencia, Spain this week.
Organised by UK Trade & Investment, the competition was aimed at uncovering the UK’s most innovative construction companies. The competition finalists including Geofusion, Classic Marble and Green Energy Options were given the opportunity to exhibit at the BEX conference which attracts industry leaders from across the globe.
UK Trade & Investment CEO Andrew Cahn congratulated the winning company and said that innovation was vital to the future of the construction sector.
“The UK construction sector provides more than £7billion worth of exports every year and has an international reputation for being a leader in intelligent buildings and sustainable design and construction,” Mr Cahn said. “It is essential we continue to support forward thinking companies who are helping make our living and working environments more sustainable, efficient and cost effective.”
A small company, MagmaTech Ltd has developed an innovative range of thermally insulating composite wall ties composed of basalt fibre - TeploTie. The ties replace standard stainless steel wall ties which act as thermal bridges in cavity walls. TeploTie improves the U value of traditional cavity walls by up to 10 per cent which reduces heat loss and energy wastage (U-Value improvements of up to 20-40% have also been calculated for wide 150mm – 300mm insulated cavities).
Ben Williams, Managing Director of MagmaTech said, “Thermal bridging is an increasingly important consideration in energy efficient building design and TeploTie forms part of the solution. I would like to thank the UKTI and BEX for providing the opportunity to compete in this competition and for recognising the huge potential of our exciting products”. Chief Executive of the Construction Products Association Michael Ankers said “MagmaTech illustrates the innovative capability of so many small companies in the construction products industry. The company is working at the cutting edge of technology and bringing forward products which result in a significant step forward in performance, and do so in a way that improves thermal insulation and resource efficiency. “It is these kinds of product innovation that provide UK companies with export opportunities around the world. They are worthy winners of this BEX Award.”
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