Gooch & Housego PLC Regional Growth Fund Investment
April 16 2014 - 2:01AM
RNS Non-Regulatory
TIDMGHH
Gooch & Housego PLC
16 April 2014
RNS Reach 16 April 2014
Gooch & Housego PLC
("G&H" or the "Company")
Gooch & Housego secures investment from the UK government
Regional Growth Fund
Gooch & Housego PLC, the specialist manufacturer of optical
components & systems, today announces G&H has been selected
as one of the beneficiaries of the UK government's Regional Growth
Fund (RGF) and has been granted GBP0.8m to enable further
investment into the Company's Systems Technology Group (STG).
The UK government RGF stimulus package of GBP3.2 billion is
intended to stimulate private sector economic growth and
sustainable employment. Gooch & Housego was one of 37
businesses to be selected through a competitive process from 133
applications.
G&H's Systems Technology Group (STG) was founded in early
2013 and has a remit to design, develop and prototype systems-level
products. The objective is to build a multi-disciplinary team with
expertise in mechanical, electronic and software design and to
integrate these technologies with G&H's expertise in photonics
and fiber optics. The STG is accelerating G&H's move up the
value chain by providing a strong pipeline of component and
sub-systems development, and offering customers a complete system
design, development and manufacturing service.
Gareth Jones, Chief Executive of Gooch & Housego commented:
-
"The RGF funding will mean G&H is able to further strengthen
its expertise in a number of areas which are key to the strategic
growth of both the Company and also the Torquay area. The resulting
expansion of the R&D and production facilities at G&H will
accelerate the Company's growth and bring us one step closer to our
strategic goals.
For further information
contact: -
Gareth Jones / Andrew Gooch & Housego
Boteler PLC 01460 256440
Tim Thompson / Gabriella
Clinkard Buchanan 020 7466 5000
About Gooch & Housego
Gooch & Housego is an integrated supplier of optical
components, assemblies and sub-systems to the aerospace, defense,
industrial, life science and scientific research sectors, providing
world leading enabling design, development and manufacturing
expertise across a broad and complementary range of
technologies:
* Acousto-Optics * Optical radiation measurement instrumentation
* Precision Optics and Coatings
* Crystal Optics
* RF Electronics
* Electro-Optics
* Wave Plates
* Fiber Optics
Founded in 1948, G&H has six manufacturing sites in the USA
and three in the United Kingdom in addition to sales offices in
China, France, Germany and Japan and an extensive network of
distributors and representatives.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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