Queen's University Belfast spin-out firm to expand its production
A Queen's University spin-out company specialising in clean technology has announced €1.2m (£0.9m) in funding to expand manufacturing and production.
MOF Technologies on Belfast's University Road, which employs three people, has collaborated with clients including IBM and General Motors.
Its clean tech activities include gas storage and filtration, heat transformation, and using natural gas for vehicular transport.
The funding is part of a European Horizon 2020 project, the EU's biggest research and innovation scheme. MOF is one of only three Northern Ireland companies to receive funding under the scheme.
The company said the funding would allow it to boost its manufacturing process so it can supply even bigger industries.
And the company vowed to invest in Belfast by growing its technology and manufacturing here. It plans to open new facilities at the start of next year.
Chief executive Dr Paschal McCloskey said: "MOF Technologies views this success in securing funding from Horizon 2020 as verification of our plans to scale up our innovative production process. This ensures the ongoing growth of our company to deliver the full commercial potential of MOFs in the clean tech and other industry sectors."
Dr Pat McComiskey of Queen's said: "MOF Technologies is one of only three local companies to secured this funding and it will enable the company to accelerate its growth plans."