Endeco Raise €800k Funding
Smart Energy Technology Company to Use Early Stage Investment to Expand Local & International Marketplace
Link to original article at IrishDev.com ( http://irishdev.com/Home/News/1428-Endeco-Raise-k-Funding.html )
A smart energy technology company, Endeco Technologies, has secured €800,000 in funding from the AIB Seed Capital Fund (€550k), Enterprise Ireland and a number of small private investors (together €250k), which it will use to to grow its controls business in the Irish and international markets.
The company has invented, and develops and supplies wireless energy / demand management technologies and automation systems to supermarkets, hotels, healthcare, telecommunications, utility and other companies whose energy costs are a significant part of their overall cost. Endeco claim its product can save retailers up to 25% on their energy costs by using wireless sensors and automated control of energy intensive electrical equipment such as refrigeration, lighting, heating and air conditioning in stores.