Foster announces multi million export contract for Carrickfergus firm
The Minister was announcing a £4.7m order secured by the company, with the assistance of Invest NI, to supply Oil In Water analysers to the Middle East.
Enterprise Minister Arlene Foster today announced a US$7.5million (GBP£4.7million) order secured by Advanced Sensors for its new product in the Middle East.
The Carrickfergus-based company designs, develops and markets high-tech monitoring equipment for the oil and gas industry worldwide. The new business was secured following an investment in research and development supported by Invest Northern Ireland.
Advanced Sensors has successfully created an innovative oil in water analyser. Since the product was launched to market, the company has received a significant order from a major client in the oil and gas industry. Invest NI offered Advanced Sensors over £124,000, part funded by the European Regional Development Fund (ERDF), towards the project.
Arlene Foster said: “Supporting and encouraging companies to export is an essential part of developing a strong, competitive economy.
“Advanced Sensors is an established, export-focused company with a reputation for the successful development of highly innovative products for global markets. This Research & Development project has strengthened the company’s product portfolio with the new oil in water monitor offering considerable sales potential in competitive export markets.”
Khalid Thabeth, CEO of Advanced Sensors, said: “Our new product, developed with R&D support from Invest NI, is based on leading edge technology. We believe it to be the only zero maintenance reliable oil in water analyser available in the world.
“The feedback we’ve received from customers has been entirely positive. This order represents one of the biggest sales of such analysers in the world and will support the continued growth of the business in the global oil extraction and processing industry.”