On 6 December, Axioma Metering was awarded the Investment of the Year award at the Kaunas Chamber of Commerce, Industry and Crafts annual community evening. More than 10 members of Kaunas Chamber of Commerce, Industry and Crafts, who completed investment projects in 2019, applied for this nomination. One of the main evaluation criteria is the investment amount (in thousands of euros) per employee of the company.

In 2019, Axioma Metering opened one of the most modern factories in the Baltic States in Kaunas FEZ, investing more than 15 million euros. The company has also completed the development of two smart next-generation ultrasonic meters, the Qalcosonic W1 water meter and the Qalcosonic E3 heat meter. The EU has also noticed the potential of the company to strengthen the export of technological innovations - the company received 3.5 million euros support for the development of smart meters under the EU funds measure Intelligence LT-2. Axioma Metering is also investing 3.7 million euros of its own funds in developing these products.

“It is safe to say even before the end of the year - this was our year. A new factory, two new products that immediately gained market recognition, plans for expansion in Lithuania and worldwide. I want to thank the team, as well as shareholders as these are the real grounds for achieving our goal in being ranked among the 5 largest smart meter manufacturers in the world,” says Ignas Vosylius, CEO of Axioma Metering.

Kaunas Chamber of Commerce, Industry and Crafts is the largest organization of business community in Kaunas and Marijampolė regions providing services for business and developing them, uniting 544 companies in Kaunas city and district, Marijampolė, Kėdainiai, Jonava, Kaišiadorys, Raseiniai, Prienai, Birštonas, Šakiai, Vilkaviškis, Kazlų Rūda, Kalvarijos municipalities.

The award from Kaunas Chamber of Commerce, Industry and Crafts given to the company this year is not the first award it received - at the end of November, Axioma Metering was chosen as the most innovative Lithuanian company in the Baltic Assembly. The company also won the main award from the Lrytas.lt "Verslo genas" project - it was awarded the “Discovery of 2019” award. "Verslo genas" focused on business incepted and created in Lithuania. In June of this year, Axioma Metering at the K.A.V.A. 2019, the growing business awards, received the award “Innovation 2019” for the Qalcosonic W1 meter, and at the end of October, the company's Qalcosonic E3 meter was recognized as the energy Service of the Year 2019 by the Lithuanian Business Confederation.

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