23/10/2002

Science Park secures first tenants for Queen's Island site

The first tenants for the Northern Ireland Science Park (NISP) have agreed to lease premises within the 24-acre site at Queen’s Island in Belfast.

The two companies, Sensor Technology & Devices and Clearpower Technology, said they had chosen the Science Park location as it offered both an R&D community and attractive tenancy deals.

The £73 million Science Park development has been designed specifically to meet the specialised requirements of hi-tech start-ups and spin-off companies such as Sensor Technology & Devices and Clearpower which operate in the medical devices and renewable energy sectors respectively.

Established by three academics, Jim McLaughlin, Eric McAdams and John Anderson, Sensor Technology & Devices operates in the bio-technology sector, designing and manufacturing medical sensors for all aspects of physiological measurement.

Clearpower is the brainchild of physicist William Dick who is developing a product called Wavebob to harness wave power and transform it into electricity.

The Northern Ireland Science Park was officially launched earlier this year by the then Enterprise Minister, Sir Reg Empey.

Initially based at three sites, one in Belfast at Queen's Island and two at the University of Ulster’s campuses in Coleraine and Magee, it is hope that the Science Park will generate up to 3,000 jobs and provide 400,000 sq ft of high-spec accommodation.

(MB)

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