News
BSF Selected as Finalist for SABC Innovation Award
We are pleased to announce that we were selected as a finalist for the SABC Innovation Award 2018 for our BSF tool. The BSF is our automated back spotfacing tool used in high production manufacturing and proven to reduce production costs and result in higher quality parts off the machine. The tool is manufactured at the HEULE factory in Switzerland and distributed to North American customers through our subsidiary office in Loveland, OH.
We are honored to have been selected for this award, along with fellow finalist LNS for their e-connect Ethernet communications system between CNC machines and bar loaders. We also want to express our congratulations to the winner of the 2018 Innovation Award, Big Kaiser. Big Kaiser was selected as the winner for their EWE Fine Boring Heads. It is truly an honor to count ourselves among these innovative companies.
Members of the SABC were invited to submit an entry for this award of any innovative product or service that has been launched within the last 3 years and has strengthened the US-Swiss business relationship. The SABC Innovates Initiative Committee reviewed and nominated entrants for receipt of the award and it was announced at the SABC Christmas Dinner on Dec.6.
The judging committee looked at the following criteria:
- The innovation was launched by an organization based out of the Midwest, that is Swiss or US in close collaboration with a Swiss organisation.
- Did the product or service meet an unmet need?
- How unique is the product or service?
- What new value has been created for the end user?
- What financial evidence or market acceptance information?
