Sep 2020 PRESS RELEASE: MANCHESTER BASED COMPANY IPEC TO EXPAND WORKFORCE AFTER SECURING £5M CONTRACT
28 / 09 / 20
Business
The company, who are based in Manchester Science Park and specialise in condition monitoring equipment which detects defects in high voltage power distribution networks before they lead to blackouts, will be looking to expand into new premises and take on new staff after landing the project which is set to be delivered over the next 18 months.
IPEC will base engineers in Saudi Arabia over the period where will they supply over 150 monitoring systems for Saudi Electric Company (SEC) who manage the national power distribution network across the kingdom.
The contract, which is the biggest the company has secured since its launch in 1995, is a result of a strong working relationship with SEC having successfully rolled out monitoring systems across key sites in the Capital Riyadh, and coastal city of Dammam since 2014.
Dr Colin Smith, IPEC Managing Director said: “IPEC have been active in Saudi Arabia for seven years, working with electricity provider SEC to improve network reliability in often very harsh conditions. Winning this order is a reflection of the great work we have done over that time and an endorsement of our technology in what is an international, and increasingly competitive, market.
“All IPEC’s products are manufactured in the North West and this opportunity will allow us to further develop our overseas business, bringing jobs to the region.”
Carl Eastham, IPEC Business Development Director added: “IPEC’s focus on international markets has significantly increased in the last five to 10 years, and this new project really shows the positive impact of this.
“We work closely with our partners and distributors in international markets to support the supply and implementation of IPEC systems and instruments to high voltage networks.
“Internationally, we have seen significant growth, and this project will help further establish our technology in the Kingdom of Saudi Arabia and the Middle East region as a whole. I am proud of the work that’s gone into supporting and delivering that technology which has ultimately led to this latest exciting project.”
Contact: Carl Eastham, IPEC Ltd +44 (0) 161 2260045
Notes:
- IPEC was founded in 1995 as a spin-out of the University of Manchester. The business focusses on innovative solutions to prevent failure in high voltage equipment, specifically focussing in the niche area of on-line PD detection. PD is attributed to around 85% of HV failures.
- The company is based in Manchester, and all products and systems are designed by IPEC and manufactured in the United Kingdom.
- Sales of equipment and services are global, with 90% of IPEC’s business being from overseas work. Primarily East Asia and the Middle East.
- IPEC already has major installations of its PD monitoring technology around the world, some other projects include key parts of the HV network across London, the entire island of Hong Kong, and many high-tech manufacturing facilities in South Korea
