Leeds electronics manufacturer Daletech is set for international expansion as it exploits the opportunities from the Internet of Things.
The Internet of Things (IoT) is a network of devices that are embedded with sensors connected to the web. By some estimates, the IoT market will be worth $14 trillion in the next few years. A number of companies are staking their claim by building end-to-end platforms. Already some 300 platforms exist, and more are being introduced every year.
Daletech, which is celebrating 30 years of trading, has seen demand for its products soar as everything from kettles to lawnmowers need more complex circuitry. It operates across a wide range of sectors from energy and environment to medical and defence.
The company is recognised as a leader in high quality and low volume niche manufacturing, which can see them make a broad range of industrial products.
Tracey Dawson, managing director of Daletech, said: “This is an exciting time as the emergence of the IoT will bring many opportunities in niche manufacturing. We have continually invested in state of the art manufacturing equipment which enables us to be flexible. The UK and global markets hold tremendous potential for us and our growth plans are supported by the current weak pound.”
The company is supported by accountants and business advisors Hentons and guidance from the firm have proven critical to accelerating growth. The use of the government’s R&D tax credits scheme has boosted the amount ICS can invest in innovation, while Hentons also provides management accounts, payroll support, tax planning and business advice.
Daletech has focused on helping entrepreneurs bring their products to market. It has invested in expertise and technology to enable low-cost concept product design and small batch manufacture.
Pav Bagri, a partner at Hentons, said: “Daletech took the strategic decision to continue to invest in innovation. It is now well placed to exploit emerging technologies in global markets. It is important that businesses take advice to ensure they are structured in the best way possible to operate efficiently in this environment.”
