Cylon, the Dublin-based developer of energy management systems and services, today said that it would invest over E11 million in an ambitious expansion programme that will create 50 new jobs.
The investment will be in its new energy management division, "Cylon Active Energy" and will see the new positions come on stream over the next four years.
The announcement was made at a special launch event in Croke Park, attended by the Minister of State at the Department of Foreign Affairs and Trade Joe Costello. A number of the new positions to be created as part of the company's Irish and international expansion will be in areas such as sales, engineering and software development. A number of the positions will be filled through a Cylon graduate recruitment programme.
Speaking at the Launch event, Minister of State at the Department of Foreign Affairs and Trade Joe Costello, T.D. said, "I am delighted to see an indigenous Irish Company that began as a university start-up, thriving in such a challenging environment. The creation of up to 50 new jobs in the areas of engineering and software development, coupled with Cylon's growing domestic and international presence reinforces Ireland's position as a centre of excellence internationally in these fields. I look forward to hearing more about the success of Cylon in the near future."
Established in 1985 Cylon is an Irish company with headquarters in Clonshaugh County Dublin. The company also has offices in the UK, Europe and China, in addition to a network of representatives across Europe, the US, the Middle East, Australasia and Scandinavia.
Cylon is currently one of the largest independent manufacturers of building control systems in Europe but through the new energy management division the company now also provides clients with cloud based real time energy management services, which have been proven to significantly reduce clients' overall energy consumption and carbon footprint and reduce energy costs by up to 25pc. It has already invested over E1.5 million in the new division and has recently announced a number of new contract wins in Ireland and the United States.
Sean Giblin Managing Director of Cylon Group said: "This is a very exciting time for Cylon and today's launch marks the next major phase in the development of our company. Cylon Active Energy is a key component of our strategy to continue growing our business in Ireland and internationally and we believe it will allow us to double our sales to about E15 million by 2014."