TECHNOLOGY firm Adrok unveiled a £1.8 million expansion plan yesterday that will include doubling its headcount in Edinburgh and opening an office in Houston, in the United States.
The company’s device sends radio and microwaves into the ground to locate oil, gas and minerals, saving customers money by not having to drill lots of exploration wells.
Scottish Enterprise is supporting its expansion with a £180,000 regional selective assistance (RSA) grant, which will be used to double its headcount in Edinburgh to 30.
Adrok opened an office in Australia earlier this year as it expands from its core markets in Canada and the US.
Managing director Gordon Stove told The Scotsman that the cash to fuel the expansion was coming from the company’s retained profits and from the sale in December 2011 of a 17.5 per cent stake to key customer Teck Resources for £3m.