A company in the north-east of England is planning to create new jobs to allow it to expand further into the high resolution projector market.
Compound Photonics already employs 100 members of staff and has a Newton Aycliffe base, but the firm wants to double this number in the coming months.
Speaking to the Northern Echo, Richard Jackson, Compound Photonics’ vice-president, stated that the company is committed to the region.
He said: "We are working on new projector-based technology and building up the know-how and technology for that, and we expect 2015 is going to be the year for release."
Compound Photonics also produces semiconductors for the radar appliances in aircraft, with the firm also having contracts with top car manufacturers such as Audi, BMW and Volvo. The firm also recently announced the acquisition of the largest Gallium Arsenide fab in Europe.
The company makes full HD laser projection light engines for smartphones too and projectors are one of the main areas the firm is targeting for growth in the coming years.