AMCS plans to expand into US market
Release date: 18 February 2009
"Limerick company Advanced Manufacturing Control Systems (AMCS) has secured €5.25 million in equity funding to enable expansion in the US market. It follows a major deal, secured by AMCS in December, to provide its RFID (radio frequency identification) solution to Greyhound Recycling & Recovery, which collects green bins from 400,000 households in Dublin. ACMS has also secured a five-year overseas contract, valued at €1.5 million, with Kristians and Local Authority in Norway.
AMCS chief executive Jimmy Martin said the company, which provides technology solutions to the waste and recycling industry, would use the new funding to establish a base in the US, where it plans to create between eight and 12 jobs to drive sales throughout all 50 states. In all, he said the company would create 47 new jobs in project management, software development and hardware design before the end of 2010.The bulk will come on stream over the next 10 months.
‘‘Within the next 12 months, I’d say we’d see 50 per cent of our turnover coming from the US. People-wise, we would probably have eight to 10 people on the ground. In Ireland, we’d have another four or five people directly supporting the US as well.”
It began selling to the British market in 2006 and has an office outside London, where it employs seven sales and support staff. The company has another office in Gottenberg in Sweden. Opened last year, it employs three staff to support sales in the Scandinavian region.
Martin said the company had already begun to expand its R&D facility in Limerick with the creation of seven jobs since the start of the year. He said the facility, which employs 10 staff in electronic and software development roles, would employ more than 20 staff within the next 12 months.
The company employs 53 staff with offices in Crecora, Limerick and the National Technological Park. It has more than 50 corporate and local authority customers. In Ireland, customers include private waste firms Greenstar, Veolia and Oxigen.
‘‘The management team, led by Jimmy Martin and Austin Ryan, has proven entrepreneurial flair and is looking to expand, create jobs and internationalise their business.”
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