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Awards & Events


LITHIUM SPECIALIST FLASH BATTERY LANDS TOP ITALIAN AWARD

By Saul Wordsworth11th October 20232 Mins Read
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Flash Battery has won an Enterprises for Innovation award for the third time,
awarded to 12 Italian firms that successfully invested in research and
innovation. The company — one of Europe’s leading manufacturers of lithium
batteries for industrial machinery and electric vehicles — took its place
alongside giants of the pharmaceutical, computer and aerospace industries.

Flash Battery has been on a fast growth trajectory since it was launched as a
start-up in 2012, reaching in 2022 a revenue of €22.3 million, international
sales of €4.6 million and a staff of over 100 strong (20+ in the nine months
into 2023).




“The satisfaction we are feeling is huge”, said Flash Battery CEO Marco Righi,
“but I think it’s the same for the entire small and medium enterprise segment of
which we are a part and which sees in this award the recognition of its decisive
role in generating innovation in our country and turning it into jobs and
development for the local communities.

“Our development has been driven by our continued investment in young people,
research and innovation with the mindset that sustainability must be built into
the products as well as the processes, and it has also translated into a number
of social initiatives embraced by all our collaborators.”

The Enterprises for Innovation award to Flash Battery comes at a time when the
company is making a substantial investment into its Sant’Ilario d’Enza
headquarters, inaugurated just two years ago by Emilia-Romagna region governor
Stefano Bonaccini.  “Our revenue and staff have practically doubled since then”,
said Righi, “and today we are involved in an expansion project that will further
strengthen the sustainability features of our facility and processes and gear up
the company for its next technological and volume leap”.

This new accolade from Confindustria adds to Flash Battery’s impressive number
of recent honours, positioning the company as one of the most dynamic in Reggio
Emilia in terms of innovation, development intensity, and recruitment of young
people — in fact, the average age of the company’s 105 employees is less than
34.

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Saul Wordsworth

Saul Wordsworth is deputy editor of the iVT brand - which includes digital and
print editions of a quarterly magazine and Off-Highway Annual, as well as
ivtinternational.com. He is a keen cyclist and lives in north London.

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