PIPS makes cameras that recognise numberplates. Software in the cameras can calculate journey times along a stretch of road for use in radio traffic reports. Other applications include monitoring parking time and automatic checking of police databases for stolen vehicles. Customers include Siemens, Trafficmaster, councils and other government organisations. About 6,000 of its cameras are in use worldwide, and sales at the Hampshire company have risen 232% a year from an annualised £387,000 in 2001 to £4.3m in 2003.

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Company details
Year2004
Rank14
CompanyPIPS Technology
ActivityCamera manufacturer
LocationHampshire
Average 3 year sales growth232.43%
Latest sales £000s4,272
Staff25
Founded2001
Websitewww.pipstechnology.com

If applicable:

* supplied by company † annualised figure