"We are grateful of the work done by Dancor, Derek Gould of CB Richard Ellis, Toronto, the LEDC and the City of London in getting this project underway. This is especially true of Heather Pilot of the LEDC who was instrumental in putting all the players together who will help transform this into a completed project by 2008."
MEDTECH is one of London's Fastest growing manufacturing companies with a staff of 150 today, compared to 35 only 3years ago. Sales are in the 8 figures.
The company markets to over 42 countries and is considered to be among the top three in the world, in its industry.
Among its products are: ID bands for the Medical and recreational markets, bands with specialized microchips for tracking individuals with in a 35 /mile radius. Also, its biomedical division is involved in developing systems for attaining optimal health. This involves: E-learning, E-health, virtual reality systems, programmes and software development.
Dr. Singh - the C.E.O, claims that being in London has been extremely important to MedTech's success due to the top class leadership and expertise provided by: City officials, LEDC, UWO/Fanshawe/ EDC/BDC/ Royal bank and others. Essentially the city is quite "business friendly". In addition, the city has an excellent, highly educated and skilled labor force. Cost of doing business is quite low compared to elsewhere.
This year, MedTech anticipates spending an additional $4 million dollars in London for its 2nd phase expansion of its Corporate head quarters.