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Fexco opens €21m research and development facility

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NEW FACILITY: Irish-international fintech company, Fexco's new building in Killorglin, which will house its own Research Development and Innovation Centre, and RDI Hub - a world-class centre for digital innovation focused on commercialisation of innovation and research backed by Fexco, IT Tralee and Kerry County Council. Photo: Valerie O'Sullivan

 

Irish-international fintech company Fexco officially opened its €21m Research Development and Innovation Centre in Killorglin on Wednesday.

125 Fexco staff are to be based in the centre and RDI Hub and there’s plans to create 305 direct jobs by 2024. The state-of-the-art 57,000 sq ft replaces the manufacturing plant closed in 2012 – and, it’s dedicated to renowned Stanford University computer scientist John McCarthy, one of the founders of the discipline of artificial intelligence.

The facility was opened by Minister of State for Transport and Sport Brendan Griffin, and the CEO of Enterprise Ireland Julie Sinnamon. The project is backed by Fexco, IT Tralee and Kerry County Council.

The west wing of the building was donated by Fexco to become the home of RDI Hub, and house 136 people on its programmes and in its co-location space.

 

[caption id="attachment_30057" align="alignleft" width="1024"] DEDICATED: CEO Fexco, Denis McCarthy, and Susan McCarthy, daughter of John McCarthy, for whom the building is dedicated, at the official opening of their new innovation in Killorglin which was opened Wednesday. Photo: Valerie O'Sullivan[/caption]

 

 

 

 

 

 

RDI Hub was established last year as a not-for-profit public-private partnership facilitating innovation and start-ups in the fintech and artificial intelligence (AI) sectors and in this initial period plans to support the establishment of over 35 high-tech funded start-ups.

Its colocation with Fexco’s Research Development and Innovation Centre will add value for both parties through increased availability of specialised labour and knowledge spill overs. RDI Hub will provide training to over 1,300 participants and support 140 apprentices on its programmes in its first five years.

John McCarthy’s father was born in Cromane, near Killorglin. His two daughters, Susan and Sarah, and his son Timothy were at Wednesday’s opening of the building to unveil a memorial plaque to their father.

The site on which the new building has been developed used to be the home of a manufacturing facility latterly owned by US firm Simpson Manufacturing, which closed in 2012 with the loss of 30 jobs. The Government has supported its transformation into a location that will support innovation, growth and entrepreneurship in the Southwest with €3.6m in funding for RDI Hub from Enterprise Ireland.

“This new building signals our commitment to providing world-class innovative fintech solutions to a global audience as well as supporting our local community, through job creation and local investment,” Denis McCarthy, CEO of Fexco said.

“Since our foundation in Killorglin in 1981 we have been able to grow our business to employ over 2,500 people in 29 countries, whilst keeping our headquarters and the driving force of the business at home here in Kerry.”

 

 

 

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Killarney competitors bring home the medals

By Michelle Crean It was a great weekend for Killarney as Brazilian jiu jitsu competitors took home medals from the AJP Switzerland International Tour in Zurich. Members of Movement & Fitness Club competed against the world’s finest athletes which led to them bringing home amazing results.After a great fight Matthew Morris made it into the […]

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By Michelle Crean

It was a great weekend for Killarney as Brazilian jiu jitsu competitors took home medals from the AJP Switzerland International Tour in Zurich.

Members of Movement & Fitness Club competed against the world’s finest athletes which led to them bringing home amazing results.After a great fight Matthew Morris made it into the semi-finals.Ewelina Downey received two gold medals in Gi and NOGI fights, just two months after her promotion to blue belt.The club’s coach, Wilson Da Silva, also competed for the first time as a brown belt, and won gold in the Gi category and silver in NOGI.”The results don’t lie,” he said.”The hard work, dedication, commitment and passion pays off. Impossible is nothing, and that’s what we are trying to teach our students in Movement & Fitness Club Killarney.”Martial Arts helps to fight depression, bulling, obesity, and builds up self esteem and confidence, he explained.”There is no ego, no one is better, we are all the same trying to learn from each other, helping and correcting ourselves so we become better together. Our club is filling up with amazing students from age four up who connect with us by the same passion and love for the sport. If you are looking to change your life come and join our family.”

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Ian makes his debut as a radio presenter

By Sean Moriarty Ian O’Connell said he is delighted with the messages of support following his first broadcast as a presenter on Radio Kerry this week. The well-known and popular Killarney man was left with life-changing injuries after falling from his bike in Killarney National Park in 2017. Since the accident he has been a […]

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By Sean Moriarty

Ian O’Connell said he is delighted with the messages of support following his first broadcast as a presenter on Radio Kerry this week.

The well-known and popular Killarney man was left with life-changing injuries after falling from his bike in Killarney National Park in 2017.

Since the accident he has been a champion for the less fortunate under his mantra: “If you can’t stand up – standout”.

This was the inspiration behind his brand new radio show which aired for the first time on Wednesday evening.

‘Stand Out with Ian O’Connell’ will feature interviews with people who have overcome great adversary to reach even greater heights.

His first guest was fellow Killarney man Jordan Lee. The Paralympian represented Ireland in the Tokyo Olympics this summer.

“I was used to being in the studio from people interviewing me, but this time I turned the table,” he told the Killarney Advertiser.

“It was great to have Jordan on, two Killarney men! I really enjoyed it, it got a massive reaction and I got loads of emails and messages afterwards and into Thursday morning.”

Ian will reveal his guest for the show on the previous Monday through various social media channels.

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