Cylon announces £8.7m investment and 50 new jobs at launch of new energy management division
Cylon Group, the development of building energy management systems and services, announced that it would invest over €11m (£8.7m) in its new energy management division, “Cylon Active Energy”, and create up to 50 new positions over the next four years.
The announcement was made at a special launch event attended by the Irish Minister of State at the Department of Foreign Affairs and Trade, Joe Costello, T.D.
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.
Through the new energy management division the company now also provides clients with cloud based real time energy management services, which it claims has been proven significantly reduce clients’ overall energy consumption and carbon footprint and reduce energy costs by up to 25 per cent.
It has already invested over €1.5 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 internationally and we believe it will allow us to double our sales to about €15 million by 2014.
Cylon is an Enterprise Ireland client company and Enterprise Ireland has part-financed a number of significant R&D programmes at Cylon to drive the growth and internationalisation of the company.