EUR1m Enterprise Ireland Grant Funding Approval (1348Z)
10 Enero 2011 - 1:00AM
UK Regulatory
TIDMCTN
RNS Number : 1348Z
ClearStream Technologies Group PLC
10 January 2011
ClearStream Technologies Group plc
Application for EUR1m of Grant Funding approved by Enterprise
Ireland
ClearStream Technologies Group plc ("ClearStream" or "the
Company") is pleased to announce that it has received approval for
grant funding of just over EUR1m from Enterprise Ireland.
The funding, which may be drawn down over the next 3 years, will
help finance a range of growth projects and includes research &
development funding, an employment grant, management training and
funding for a new management position of Chief Technical
Officer.
Andy Jones, CEO of ClearStream, commented "We are delighted to
receive this continued support from Enterprise Ireland. We are
currently embarking on phase two of the expansion to our production
capacity to meet the growing demand for the latest generation of
our products. The grant will undoubtedly help us in achieving our
ambitions for continued growth and improved margins over the next 3
years. In particular, we intend to seek out new technologies and
invest in further R&D for the future and we expect the newly
created position of CTO to be key to this growth".
For further information:
ClearStream Technologies Group Tel: + 353 (0) 53 923
plc 7111
Andrew Jones, CEO
Winningtons Financial Tel: + 44 (0) 117 920
0092
Paul Vann
FinnCap Tel: + 44 (0) 207 220
0568
Marc Young
Charlotte Stranner
About ClearStream Technologies Group plc:
ClearStream Technologies Group plc, based in Enniscorthy, Co
Wexford, Ireland, is an innovative maker of medical devices used in
interventional procedures, including catheters and stents. Its
products are sold under ClearStream's own brands and are also
supplied to Original Equipment Manufacturers.
The Company is listed on the AIM market of the London Stock
Exchange.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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