Enterprise M3 backs Hampshire wireless internet company
A Hampshire wireless internet services company is set to create new jobs after receiving a £200,000 loan.
EMS, based in Liphook, secured the cash from the Enterprise M3 Funding Escalator. The investment will enable the business to create ten new jobs.
EMS has developed i-MO (Mobile Office) Optibond, a router and associated management software that provides businesses with an alternative to fixed wire connectivity.
Founder and chief executive Andrew Lambert said: "This funding will now allow us to roll-out our proprietary technologies across additional sectors within the UK and, significantly, to increase our presence in global locations where there is an evident and growing market for our product."
EMS will focus on Eastern Europe and South East Asia.
James Edwards, senior fund manager at The FSE Group, which manages the funding escalator on behalf of Enterprise M3 Local Enterprise Partnership (LEP), added: "Andrew is leading a strong team with extensive technical and industry knowledge who have developed a product that stands out from its competitors, none of which offer a like-for-like solution.
"There is now an opportunity for EMS to achieve substantial growth in current market conditions and we are excited to support them in realising this prospect."