Sensoteq Signs $1.2m Deal With Canadian Distributor Eurotech

Belfast-based Sensoteq has signed a deal worth over $1.2m with Canadian distributor, Eurotech.

The two year contract will provide Sensoteq's wireless machine health monitoring systems to customers in Canada.

The deal comes as Canada becomes a growing market for Northern Ireland businesses, particularly for machinery, transport and equipment exports.

Invest NI's Toronto office, which opened last year, has helped guide businesses to explore and secure new export opportunities.

Sensoteq CEO Idir Boudaoud said: "We have seen huge business opportunities for Sensoteq in Canada. We have visited the market multiple times to build on the initial contacts made at last year's Waste and Recycling Expo and we continue to strengthen our business relationships.

"Our contract with distributor Eurotech is of huge importance to the future growth of the business and we are very optimistic about our growth in this market."

Invest Northern Ireland is currently hosting a trade mission to Canada and CEO Alastair Hamilton joined the eight local businesses in Toronto.

Commenting on the trade mission Alastair Hamilton added: "Canada is a key target market for ambitious Northern Ireland companies. The latest HMRC figures show that exports to Canada over the last four years have grown 33 per cent and are currently valued at £471 million, demonstrating the valuable business opportunities which exist here.

"Companies like Sensoteq demonstrate the great export opportunities Canada offers to our local companies. Focus on the Canadian market is paying dividends for Northern Ireland companies and we look forward to more success in this market."

(CM)