Minister backs regions technology exports.
A new technology business in the region has received the backing of the Minister of State for Trade and Investment.
International Innovative Technologies in the Team Valley has attracted considerable worldwide interest after launching their new range of products which include the manufacture of low carbon equipment which is used in the processing and handing of bulk raw materials and powders.
At his visit to the site, Minister for Trade and Investment, Lord Green said: “I am delighted that UK Trade and Investment has been able to support the company in identifying international export opportunities.
“With the global market for low carbon goods and services valued at more than £3.2 trillion, and expected to grow again by half by 2015, I am sure that the company will continue to build on its success so far.”
The company has also recently expanded its sales team and is in the process of boosting its engineering team. It is projected that 100 jobs could be created at the company over the next few years.
George Ord, managing director of IIT, said: “We’ve already supplied equipment for use in UK-based recycling and materials handling applications, but it is the growing interest from overseas operators that is really exciting and brings significant export potential.
“Our new powder milling equipment is the first of a number of planned product introductions we have planned. We thoroughly appreciate the support we have received from UKT&I and we are working hard to maximise the global market opportunities that are opening up for our new low carbon technologies.”
To develop the products, International Innovative Technologies have also worked closely with experts from Newcastle University’s School of Chemical Engineering and Advanced Materials and also with specialists from Leeds University.
This was posted in Bdaily's Members' News section by Ruth Mitchell .
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