On the 29th March, 2004 a presentation was made to the Department of Trade & Industry by STRIX Ltd. to commemorate the Company's delivery of their 500 millionth water boiling control. The presentation was of a statue representing the STRIX owl emblem. STRIX translates from the Latin for "Screech Owl" and it is due to their wise decision making as well as the courage to "spread their wings" that has led STRIX to become a market leader.

Alex Downie, the Trade and Industry Minister said "I am delighted to receive this gift on behalf of the Department. STRIX is one of the Island's leading businesses and a global success story. The Department has a long and close relationship with STRIX and I look forward to this continuing for many years to come."

Eddie Davies, the Chairman of STRIX said "I am very proud of this 500 million controls milestone. However, we are not resting on our laurels. With support from the Department of Trade & Industry, STRIX has created a state of the art control manufacturing facility in Ramsey which has unit production costs lower than in China. Also, our research and development facility in Ronaldsway has developed a new water filter product that has already sold over a million units. I believe the Island and STRIX will have a long and successful future together."

STRIX employs over 330 people on the Island. It has 70% of the world's market for heating controls, such as in kettles. Its products are used over a billion times a day. STRIX has won four Queen's Awards for Industry.