|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 £0.8m to enable further investment into the Company’s Systems Technology Group (STG).
The UK government RGF stimulus package of £3.2 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 Boteler||Gooch & Housego 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:
- Optical radiation measurement instrumentation
- Crystal Optics
- Precision Optics and Coatings
- RF Electronics
- Fiber Optics
- Wave Plates
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.