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10/04/2013
Heating Investment Creates 37 Jobs
37 jobs have been created as part of a £2m direct investment in research and development at a electrical heating products manufacturer.
Glen Dimplex has launched its new Quantum Energy System, which was developed by company subsidiary Seagoe Technologies.
Invest NI has offered £157,000 to support the project, which includes part-funding from the European Regional Development Fund and an additional £195,000 to support capital investment and the associated creation of the new jobs.
Enterprise and Investment Minister Arlene Foster said: "This is a very significant investment by the Glen Dimplex Group in Northern Ireland and one which will help to increase the company’s already strong position in international markets, with a new and highly advanced space and water heating solution.
"Through its subsidiaries, Glen Electric and Seagoe Technologies, there is a strong emphasis on R&D which has helped the Glen Dimplex Group to remain a global market leader.
"The creation of 37 advanced manufacturing jobs is welcome news for the sector and will help to deliver an additional £500,000 annually in salaries into the local economy.
"All manufacturing of the new product for global distribution will take place in Portadown which is an important development for the manufacturing sector and a clear demonstration of how investment in R&D can help companies to develop and maintain a competitive advantage."
The Quantum Energy System has been developed to fit an individual's lifestyle through the use of intelligent controls. It also offers the potential for energy savings and associated reduction in home heating bills.
Neil Stewart, Managing Director of Glen Dimplex in Northern Ireland, said: "Quantum is a ground-breaking technology that we’ve been working on for two years. We are incredibly proud that this unique technology was driven by the R&D department here in Northern Ireland, with the help of our colleagues in Dunleer. We see it as a real game-changer in the future of Glen Dimplex as we, and society in general, strive to create a more sustainable future.
"Quantum offers consumers up to 25% cost savings through accurate comfort temperature control and efficient heat storage."
(IT/CD)
Glen Dimplex has launched its new Quantum Energy System, which was developed by company subsidiary Seagoe Technologies.
Invest NI has offered £157,000 to support the project, which includes part-funding from the European Regional Development Fund and an additional £195,000 to support capital investment and the associated creation of the new jobs.
Enterprise and Investment Minister Arlene Foster said: "This is a very significant investment by the Glen Dimplex Group in Northern Ireland and one which will help to increase the company’s already strong position in international markets, with a new and highly advanced space and water heating solution.
"Through its subsidiaries, Glen Electric and Seagoe Technologies, there is a strong emphasis on R&D which has helped the Glen Dimplex Group to remain a global market leader.
"The creation of 37 advanced manufacturing jobs is welcome news for the sector and will help to deliver an additional £500,000 annually in salaries into the local economy.
"All manufacturing of the new product for global distribution will take place in Portadown which is an important development for the manufacturing sector and a clear demonstration of how investment in R&D can help companies to develop and maintain a competitive advantage."
The Quantum Energy System has been developed to fit an individual's lifestyle through the use of intelligent controls. It also offers the potential for energy savings and associated reduction in home heating bills.
Neil Stewart, Managing Director of Glen Dimplex in Northern Ireland, said: "Quantum is a ground-breaking technology that we’ve been working on for two years. We are incredibly proud that this unique technology was driven by the R&D department here in Northern Ireland, with the help of our colleagues in Dunleer. We see it as a real game-changer in the future of Glen Dimplex as we, and society in general, strive to create a more sustainable future.
"Quantum offers consumers up to 25% cost savings through accurate comfort temperature control and efficient heat storage."
(IT/CD)
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Northern Ireland WeatherToday:A chilly start with a widespread frost and some freezing fog, any freezing fog slow to clear. Otherwise bright with sunny spells and coastal showers. Light winds. Maximum temperature 6 °C.Tonight:Coastal showers dying out with a widespread frost developing along with freezing fog, which could become extensive. Winds remaining light. Minimum temperature -3 °C.
