A COMPANY SPECIALISING in producing equipment to treat tinnitus has announced 50 new jobs in Dublin.
And in a separate announce today, a Cork-based US marine energy company has announced 80 jobs.
The Dublin jobs will be based at NovaUCD and will come on stream over the next five years.
The company, Neuromod Devices, was last night named the Emerging Merical Company of the Year at the Medical Industry Excellent Awards.
The company received secured regulatory approval last month for a device named Mutebutton.
The device is used to treat tinnitus through a combination of audio and lingual stimulation, and the company said two studies have shown it can reduce the symptoms of the condition.
Neuromod Devices was founded four years ago, and is now looking to expand into international markets.
In Cork harbour, US ocean energy company, Resolute Marine Limited, is looking to expand over the next five years with 80 new jobs as it establishes it European headquarters.
The company is developing a wave-powered desalination system.
Renewable energy financial consultancy firm Exceedence Ltd and salvage company Resolve Marine announced five and six jobs respectively.
“It is clear that the decision to establish a dedicated marine cluster at Cork Harbour is encouraging private sector investment and leading to the creation of a significant number of high quality jobs,” Minister Simon Coveney said.
I have always been convinced that the unique collaborative nature of IMERC would create the right momentum for such investment and ensure that this campus becomes a major player in the international marine sector.
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