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Shannon technology firm, Bustec Limited, secures $21 million contract with Lockheed Martin to supply data capture and testing equipment for use by the US Navy Return to index of articles

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Shannon technology firm, Bustec Limited, secures $21 million contract with Lockheed Martin to supply data capture and testing equipment for use by the US Navy

Shannon, April 15  2011 – Bustec, the Shannon Free Zone based technology firm has today (Friday) announced a $21million (€15 million) contract with US technology firm, Lockheed Martin, to supply data capture and testing equipment which will be used by the US Navy.

Attending a presentation and tour of the Bustec facility at the Shannon Free Zone, Minister for Jobs, Enterprise and Innovation, Mr. Richard Bruton TD, said:

“I am delighted to help mark Bustec’s achievement in securing this major international contract with Lockheed Martin, which will bring significant benefits to the region in coming years.

“Bustec is a sophisticated technology company operating at the cutting edge of its sector, and its decision to retain its headquarters and manufacturing base in Shannon since the mid 1990s is a major vote of confidence for Ireland and the region. I know Shannon Development, with the help of my Department, has supported the company in the past and I commend them for their work.

“I am developing plans to ensure that we can build on the success of companies like Bustec and ensure that high-end technology companies continue to thrive and expand in Ireland, retaining and protecting the jobs of the future. Companies like this are a great unsung success story of the real enterprise economy, and we need to promote them and learn from their success to ensure that the economy itself can become a real success story again. I, together with my Department, am putting in place policies to ensure that innovation and technology becomes the basis of future economic growth”.

Shannon Development CEO, Dr. Vincent Cunnane, said:  “Shannon Development had a good feeling about Bustec and its founder, Fred Blönnigen, since we first met him and his team 15 years ago. Bustec is a forward looking and innovative technology company supplying leading global brands in the technology driven sectors. We have continued to work closely with Bustec and its unique product offerings to the global test and measurement market, and we are delighted to congratulate them on this latest important contract win with a leading global technology group.”

Bustec Limited, secures $21 million contract  

Established in Shannon since 1997, Bustec Limited is a leader in the supply of data acquisition and control products within the global Test and Measurement market.  Its products are used by many of the world’s leading companies in the power, aerospace, defence, and automotive sectors. Bustec data capture and test equipment is also used in French nuclear power facilities and in the construction and testing of the international space station.

Commenting on today’s announcement, Bustec CEO and Founder, Fred Blönnigen, said:
“Data capture and testing is a critical function in practically all industrial applications. From design verification tests to production supervision, accurate measurements are directly reflected in the quality of the end product.  Bustec is delivering innovative products which are at the heart of this essential function and which provide the technology platform for capturing, testing and controlling key data which are critical to the safe and effective operation of many of these processes.”

Mr. Blönnigen said:  “The contract we have agreed with Lockheed Martin will ultimately see Bustec products in use in data testing and quality systems across the US Navy fleet.” 

“This contract is not only significant for Bustec in meeting our financial and business goals, it is also a strong endorsement of the quality and effectiveness of our test and control products and helps us to fulfil our mission to supply the benchmark products of choice Where Accuracy Matters,” he said.

Ends

About Bustec Limited: Bustec is a leading supplier of high-performance data-acquisition and test products. The products are all based on computer independent and open platform standards. Bustec leads the measurement world in accuracy and data-throughput, offering the highest density available in the market today and bringing modularity to a new level.  It is currently engaged in a €3m funding round advised by Who42, who provide Human & Equity Capital services to the Ireland’s Knowledge Economy.

Bustec test and measurement products are used by leading global brands in the following critical applications –
• Bustec products provide pacemaker testing to ensure more reliable and accurate products
• Bustec products are used in wind tunnel simulations which ensure highly accurate data in aircraft manufacture
• Bustec products safeguard against power loss to life support systems in the International Space Station
• Bustec products monitor equipment in every nuclear power plant in France
• Bustec provides a flexible solution for aircraft electronics testing for the US Navy

For further information, please contact:

Jim Devlin, FD, T. 01 66 33 600/M. 087 2631057; E. jim.devlin@fd.com

Or

Liz Burke, FD, M. 087 9551655; E. liz.burke@fd.com

 

 

For further information please contact:

Nandi O’Sullivan
Public Relations Manager
Tel: +353 61 710259
Mobile: +353 86-2371510
Fax: 061 363180
E-mail: Click Here

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