© Amy Woolvett photo
By Amy Woolvett
The Coast Guard
To speak more on the recent deal with Allendale Electronics, David Ferran, CEO with RENO Sub-Systems Canada, flew in to Nova Scotia last week from meetings in California.
Cyril Meagher, president of Allendale Electronics said the recent deal to supply the new start-up company will see its workforce doubled.
RENO Sub-Systems is a recently formed corporation with the mission of becoming a leading global supplier of vacuum Instrumentation, RF Power Systems and Gas Delivery Systems for use in the semiconductor and other micro-electronic industries.
They have created technology that companies like Intel and Samsung are showing serious interest in.
“We do have amazing disruptive technology that’s going to make a difference to (these companies), said Ferran during a press conference last week in Allendale.
He said they are continuously trying to get more out of electronics for less money.
“You don’t do that by changing the plastic cover,” he said. “They do that by marketing smaller and faster technology that consumes less power.”
Company officials boast that they has created a product 200 times faster than anything on the market today.
This is not Ferran’s first start up company. He started with a little venture in the 1970’s that grew into a company worth $150-million before selling it.
Ferran said Lockeport was not on his radar at all, but Jeff Spencer, a member of his team who is from the Shelburne area pointed out Allendale Electronics to him.
Ferran said there would be some great growth over the next few years but tempered expectations as well.
“There won’t be skyscrapers in Lockeport any time soon,” joked Ferran.