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Two ministers announce United Technologies to create "ground-breaking" energy and security joint research centre at UCC; 87 new Irish jobs over 4 years
By Finfacts Team
Apr 26, 2010 - 12:37:25 PM
Two ministers today announced that United Technologies Corporation is to establish a "unique" and "ground-breaking" energy and security research centre at UCC creating 37 new Irish jobs over the next 4 years through a €15 million investment. The project will be supported by a Government investment of around €20m and will create 50 research jobs initially. It is likely that State funding will amount to 75% of the total costs as IDA Ireland will provide grants to UT.
The announcement was made in Cork today by the Minister for Enterprise, Trade and Innovation, Batt O'Keeffe TD, and the Minister for Communications, Energy and Natural Resources, Eamon Ryan TD. The proposed research agenda is based on two main research themes - energy and security systems. The centre will begin in the Tyndall National Institute, University College Cork.
United Technologies Corporation, which is the 17th largest manufacturer in the US, is a global provider of high-technology products and services to the building systems and aerospace industries. Its principal operating units include Otis, Carrier, UTC Fire and Security, Pratt and Whitney, Hamilton Sundstrand , Sikorsky and UTC Power. It employs more than 200,000 people and operates in more than 70 countries.
The ministers said the formation of United Technologies Research Centre Ireland (UTRCI) enables UTC to establish a European research base, thereby creating a strategic technological development presence in its US, Asian and European markets.
A key driver in this decision has been UTC's desire to identify global clusters of expertise to complement its corporate research centres which are based in the US and China where they employ 500 people.
An estimated 74% of the research centres' technical staff hold PhDs or advanced degrees - a profile that is likely to be reflected in the Cork centre.
Commenting on the announcement, David Parekh, UTC Vice President, Research and Director, UTRC, said: "United Technologies Research Centre Ireland reflects our long-standing commitments to scientific excellence, business impact and pioneering innovation.
'As a catalyst and founding member of the International Energy Research Centre, jointly announced by Minister O'Keeffe and Minister Ryan, our Ireland operation will be the European hub of our network of global innovation.
‘We look forward to working with our Irish partners to grow our respective leadership positions in clean technology research."
Speaking in Cork, Minister Ryan described the new project as a "ground-breaking and exciting development in Irish energy and information communications technology research."
