LONDON Jennic has gained a DTI (Department of Trade & Industry) grant of £1.5 million to grow and support volume manufacturing of the company’s products for wireless sensor networks.
Jennic (Sheffield, England) is privately held and currently employs over 70 people. It will use the money to recruit further engineering, manufacturing and field support staff in the U.K.
Jim Lindop, CEO of Jennic, said, “We are pleased that the Government has recognized our company’s potential by awarding this grant. We have developed our first key product, invested in manufacture and test processes, and opened up regional offices in Asia, Japan and the Americas to drive sales in key wireless markets. Hence this latest funding will assist in boosting our infrastructure and support as we grow our customer base.”
The DTI grant was secured with the assistance of Sheffield First for Investment, the inward investment agency for Sheffield.
A year ago Jennic changed its market approach, shifting from being solely a supplier of intellectual property to a fabless manufacturing business model, providing ICs directly to customers.