Copper Industries sign £3m deal for water solar system
A Co Antrim company has signed a £3m manufacturing deal with an Irish solar energy company which is set to begin recruiting here within months.
The exclusive agreement will see Toomebridge engineering firm Copper Industries make the Fusion Elite cylinder for Let's Talk Solar under licence for the next three years.
The technology, said to be the world's first and only solar-powered dual central heating and hot water system, is fully Irish-owned, designed and developed and derives energy from daylight, rather than direct sunshine, making its products particularly well-suited to the country's climate.
Charlie Shivers, managing director of Copper Industries, said that the firm already makes thermal stores, buffer vessels and hot water cylinders for customers throughout the UK and Ireland.
"By combining Copper Industries' expertise in engineering and shared commitment to environmentally-sustainable manufacturing processes with Let's Talk Solar's ground-breaking technology and rapidly-growing distribution network, we look forward to developing a productive and profitable future together," he said.
Michael Keane, director of Let's Talk Solar, said that the firm intends to recruit in Northern Ireland "within months".
"Copper Industries is renowned for the world-class quality of its manufacturing processes and commitment to achieving ongoing customer satisfaction, qualities that we, at Let's Talk Solar, combine with cutting-edge design, pioneering technology and a 10-year warranty to produce the most reliable and sustainable central heating systems on the market," he said.
James Gorham, director of Let's Talk Solar, added: "On foot of this latest expansion, the company has forged strong relationships with a number of key partners in Britain and plans to undertake an extensive marketing campaign in the latter part of 2015 with a view to launching throughout the UK in the second half of 2016."
Let's Talk claims that the system could reduce energy bills by up to 92%.
The Fusion Elite has been subject to an eight-year research and development project and the first unit was installed in 2012. The company reported a turnover of €3.2m (£2.6m) in the first 16 months of trading.