Firecomms among Irish businesses generating €46m in Japanese sales
The companies include such well established Irish names as Glen Dimple, Park Aviation, Botany Weavers, and Eirgen.
Cork company Firecomms has secured investment from Japanese company Alps Electric, a leading Japanese global manufacturer of electronic devices used to open multimedia networks in today’s cars.
Firecomms develops high speed plastic optical fibre cable which ensures the electronics in cars stay reliable and that the quality of pictures and data transmission to and from the home is easy to install.
Formed out of the Tyndall Institute in UCC five years ago the group delivers high-speed plastic optical fibre now used by the telecoms sector and the motor industry as a highly reliable form of electronic transmission for commercial and domestic uses.
Car giants such as Volvo and Kia use the basictechnology Firecomms produces because it has been impressed with the quality of the product.
Chief executive Declan O’Mahoney said the nature of the technology has made the installation of set top virtually foolproof as it ensures ease of connection and a high quality to the services delivered.
The system for the home was suitable for “dummies” it was so easy to install, he said.
The proof of the quality service is that it has been embraced by the big telecoms giants including Swisscom, Deutsche Telecom and others who are all embracing the technology for use in the home and in offices, he said.
The investment by the Swiss group in the business as well as Alps “puts us in a position where the group now has two of its biggest customers on its books as investors” along with Enterprise Ireland, Atlantic Ridge and ACT Venture Capital.
“This is a $1 billion industry and Firecomms is destined to achieve a turnover of between $75m and $100m within five years as a result of the technology it has developed with the support of Tyndall in Cork,” said Mr O’Mahoney.
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