UltraFlex Power Technologies / Europe / has been named a leading innovative company in the “Excellence in Innovation” Contest held in Sofia, Bulgaria.
The event was organized by the Applied Research and Communications Fund and Enterprise Europe Network under the patronage of the President of Bulgaria – Mr. Rumen Radev. UltraFlex`s General Manager for Europe – Mr. Spas Spasov attended the event and received the prestigious award.
The 60 finalists were awarded for high quality and originality of innovations of the companies they represent, their impact on the national and world market, on the environment and society, as well as for the efficiency of their business model.
The awardees receive the right to use the label of the Applied Research and Communications Fund as a sign of their excellence in innovation. It honours the impact and efficiency of cutting edge innovations developed by Bulgarian companies.
The President of Bulgaria, Mr. Rumen Radev commented: “Innovation is the most effective mechanism for achieving high and sustainable economic growth. It is a reflection of national ambitions for the future, effective interaction between administration, business, science and education.”