Belfast-based Sensoteq is to create 10 jobs in the next year after it secured £500,000 to expand its business.
The loan, secured from Whiterock Finance's growth finance fund, will help the company grow its sales and expand its workforce. The company provides wireless machine health monitoring solutions targeting significant growth in the next two years.
Founded in 2016 by Alan McCall and Idir Boudaoud, Sensoteq provides wireless sensing technology for heavy duty industrial environments. Products are manufactured in Northern Ireland and used across automotive, pharmaceutical, mining, oil and gas, renewable energies, waste recycling and food and beverage industries globally.
Chief executive Idir Boudaoud said: "Over the past 12 months, Sensoteq has achieved significant growth and we have ambitious plans to continue that trajectory."