Glen Dimplex is a world leader in the development of electrical heating products. The Minister was speaking at the launch of the company’s new Quantum Energy System. The new Quantum system was developed by Glen Dimplex subsidiary Seagoe Technologies, with a £2million direct investment in the project.
Invest NI has offered £157,000 to support the R&D 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.
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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 is a unique and efficient heat storage system that can be programmed to fit the lifestyles of end-users thanks to intelligent controls. It also offers the potential for energy savings and associated reduction in home heating bills.
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