Technium OpTIC in Wales forms new management agreement with government
The role of St. Asaph's Technium OpTIC - which has so far directly or indirectly created more than 800 high tech jobs in North Wales -- will be expanded and widened following a deal signed by the Welsh Assembly Government and Glyndwr University. The award-winning Technium will be managed by a new company, OpTIC Glyndwr, formed by Glyndwr University, which will not only continue to provide incubation, business support and technical facilities to help the birth and growth of high technology enterprises -- but will also supplement these with research work, a technology spin-out service and courses.
The facility was established five years ago to help the birth and growth of businesses in the optoelectronics sector -- one of the strengths of the regional economy and a key technology in a range of important industries. According to the latest available figures, the Welsh Optoelectronics sector has sales revenue of nearly £1 billion and employs more than 5,000 people.
"OpTIC Glyndwr is an exciting development for the university," said Professor Michael Scott, Vice-Chancellor of Glyndwr University. "The company cements the university's position at the forefront of optoelectronics research in North Wales. I'm sure that OpTIC Glyndwr will complement perfectly the work which has already been done by our research scientists based at the centre."