To all our stakeholdersThe COVID-19 pandemic was an unexpected and unwelcome event that had a major impact on our business. Sales dropped to around £5M in 2020 and hard decisions had to be made, resulting in a reduction in employee numbers of about 30%. Following the initial decline in equipment sales in 2020, the expectation was that the aerospace industry would take a good number of years to recover, potentially as far out as 2025. In fact, the airlines, followed by the aircraft manufacturers, have seen a faster return to pre-COVID business levels than expected. There have been exceptions, such as in China and the wider Asian markets, due to the severe lockdowns imposed by the Chinese government. However, airlines in the European and North American markets recovered much better, as the waves of COVID receded in severity, capitalising on...

Spectrum Technologies Ltd, the global leader in laser wire processing technology, is delighted to announce that it has achieved certification to ISO 14001:2015 for its UK HQ, design and manufacturing operations. This certification underscores the company’s unwavering commitment to environmental stewardship and sustainable business practices as it drives toward net zero. For over 30 years, Spectrum Technologies has been at the forefront of innovation, developing cutting-edge solutions for advanced manufacturing challenges. Established in 1989 as a spin-out from BAE Systems’ Advanced Technology Centre, Spectrum Technologies pioneered the commercialisation of UV laser wire marking technology in the aerospace industry, setting the global standard for wire and cable identification.Today, Spectrum Technologies continues to lead the industr...

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