Menu
01/08/2013
Yelo To Expand And Create 15 New Jobs
Yelo, based in Carrickfergus, is undertaking a £1 million expansion with support from Invest Northern Ireland, creating 15 new high quality jobs.
Yelo designs and manufactures automated test equipment for the international electronics market. Its three year expansion project includes a £241,000 investment in research and development to enable Yelo to expand its products and target new export business.
Invest NI has offered Yelo over £230,000 of support, part funded by the European Regional Development Fund, towards the project.
Welcoming the investment following a visit to the company, Jeremy Fitch, Invest NI's Executive Director of Business and Sector Development said: "Yelo has established an impressive track record in international markets as a leader in the development of electronics testing and measurement equipment.
"As a result of its focus on innovation for global markets, this ambitious and progressive small business now exports over 80 per cent of its equipment to high-end customers in strategically important industries.
"Yelo's investment, including expenditure on R&D, will help to further enhance its position as an innovator particularly in photonics. The 15 high quality electronics and software engineering jobs to be created over the next three years will help meet the growing global demand for its innovative technology."
(CD/MH)
Yelo designs and manufactures automated test equipment for the international electronics market. Its three year expansion project includes a £241,000 investment in research and development to enable Yelo to expand its products and target new export business.
Invest NI has offered Yelo over £230,000 of support, part funded by the European Regional Development Fund, towards the project.
Welcoming the investment following a visit to the company, Jeremy Fitch, Invest NI's Executive Director of Business and Sector Development said: "Yelo has established an impressive track record in international markets as a leader in the development of electronics testing and measurement equipment.
"As a result of its focus on innovation for global markets, this ambitious and progressive small business now exports over 80 per cent of its equipment to high-end customers in strategically important industries.
"Yelo's investment, including expenditure on R&D, will help to further enhance its position as an innovator particularly in photonics. The 15 high quality electronics and software engineering jobs to be created over the next three years will help meet the growing global demand for its innovative technology."
(CD/MH)
Related Northern Ireland Business News Stories
Click here for the latest headlines.
20 September 2012
WANdisco To Set Up Software Development Centre
Enterprise Minister Arlene Foster today announced that global software company WANdisco plc is to set up a software development centre in Belfast, creating 36 high quality jobs. WANdisco plc is a leading provider of global collaboration software to the software development industry.
WANdisco To Set Up Software Development Centre
Enterprise Minister Arlene Foster today announced that global software company WANdisco plc is to set up a software development centre in Belfast, creating 36 high quality jobs. WANdisco plc is a leading provider of global collaboration software to the software development industry.
09 July 2010
Economic Development Boost For Belfast
Belfast has won a place in the last stages of a prestigious UK-wide enterprise contest. Invest Northern Ireland has announced Belfast City Council's Economic Development Unit as the winner of the NI heat of the Enterprising Britain 2010 competition.
Economic Development Boost For Belfast
Belfast has won a place in the last stages of a prestigious UK-wide enterprise contest. Invest Northern Ireland has announced Belfast City Council's Economic Development Unit as the winner of the NI heat of the Enterprising Britain 2010 competition.
29 June 2015
Belfast Firms Complete Programme On Tendering Process
A number of small firms in Belfast are more confident in bidding for contracts now after completing a programme focused on the tendering process. The Smarter Procurement Programme was aimed at helping small businesses and social enterprises in the city identify and take advantage of new sales opportunities in the public and private sectors.
Belfast Firms Complete Programme On Tendering Process
A number of small firms in Belfast are more confident in bidding for contracts now after completing a programme focused on the tendering process. The Smarter Procurement Programme was aimed at helping small businesses and social enterprises in the city identify and take advantage of new sales opportunities in the public and private sectors.
14 May 2002
IoD chairman calls for greater emphasis on economy
The new Chairman of the Institute of Directors (IoD) in Northern Ireland, Denis Rooney, has called for a greater emphasis on economic development as the "paymaster" for social improvement in the province.
IoD chairman calls for greater emphasis on economy
The new Chairman of the Institute of Directors (IoD) in Northern Ireland, Denis Rooney, has called for a greater emphasis on economic development as the "paymaster" for social improvement in the province.
09 July 2012
Washington State Firms Explore Mutual Business Development Opportunities With NI Companies
Invest Northern Ireland and Bombardier Aerospace Belfast recently hosted Governor Christine Gregoire of Washington State and a delegation of Washington State companies who visited Belfast as part of their programme covering the UK and Ireland.
Washington State Firms Explore Mutual Business Development Opportunities With NI Companies
Invest Northern Ireland and Bombardier Aerospace Belfast recently hosted Governor Christine Gregoire of Washington State and a delegation of Washington State companies who visited Belfast as part of their programme covering the UK and Ireland.
-
Northern Ireland WeatherThis Evening and Tonight:It will be cloudy with a spell of heavy rain pushing south through late evening and the early hours, soon followed by some clear spells. Minimum temperature 6 °C.
