Limerick company to expand after securing €850k in funding

David Hurley

Reporter:

David Hurley

TEN hi-tech jobs are to be created by a Limerick-based technology company after it secured €850,000 in funding.

TEN hi-tech jobs are to be created by a Limerick-based technology company after it secured €850,000 in funding.

EpiSensor, which is based at George’s Quay in the city centre, develops wireless sensor technology that reduces energy costs.

The technology is presently monitoring 40 sites in Australia, more than 100 homes in Ireland, with customers also in the United States, Switzerland, New Zealand and Hungary.

The new funding has been provided by the Bank of Ireland Start-up and Emerging Sectors Equity Fund, managed by Delta Partners and the AIB Seed Capital Fund, co-managed by Enterprise Equity, Enterprise Ireland and private investors.

EpiSensor says it will use the funding to grow sales in international markets and will create the new jobs in the area of sales and development.

Currently its systems , which are manufactured in Ireland, are installed in some of the world’s largest companies including IBM, Johnson & Johnson and Citigroup.

EpiSensor, which was established in 2007, is run by its co-founder Gary Carroll who says the company is hoping to take advantage of the new wave of wireless technology and embark on EpiSensors next phase of growth.

“The global potential for wireless energy monitoring systems is enormous,” he said.