Limerick tech firm to create 10 jobs

Limerick firm EpiSensor is to create 10 new sales and development jobs, it was announced today.

The firm develops wireless sensor technology that reduces energy costs.

Syndicated funding of €850,000 was provided by the Bank of Ireland Start-up and Emerging Sectors Equity Fund, managed by Delta Partners, the AIB Seed Capital Fund, co-managed by Enterprise Equity, Enterprise Ireland and private investors.

EpiSensor has seen rapid growth since it was founded in 2007. Its wireless technology platform (SiCA) reduces energy usage and costs by providing data from wireless energy sensors that show where energy savings can be made.

The system is designed and manufactured in Ireland.

"The global potential for wireless energy monitoring systems is enormous," said EpiSensor founder and chief executive Gary Carroll.

"Energy prices are rising and for organisations to control energy costs, they first need visibility of where and when energy is being used within their organisation.

"We provide accurate real-time energy usage data allowing our customers to make informed decisions to improve efficiency and reduce costs. The scale of the opportunity is truly global with identical problems needing to be solved throughout the world."

Donal Duffy, head of Enterprise Ireland relations at Bank of Ireland said: "Supporting innovative companies like EpiSensor is key to the success of the Bank of Ireland Start-Up and Emerging Sectors Equity Fund.

"It clearly demonstrates how businesses can be supported from their start-up stage.

"EpiSensor provides companies with energy efficiency and cost saving technology which is a primary focus for every company. We are delighted that the fund is being used as part of this "green" story and support EpiSensor as it expands its international footprint."