SMD Opens £3m Tech Works Innovation Facility on the Tyne
The subsea technology company has passed 300 staff and is targeting £150m of turnover by 2030.
- SMD Tech Works offers 19,375 sq ft for underwater technology development.
- It includes a test tank and development laboratories.
- SMD has brought 12 world-first technologies to market.
Subsea technology company SMD has opened SMD Tech Works, a £3m facility at Neptune Energy Park on the River Tyne dedicated to underwater technology development.
Built for innovation
The 19,375 sq ft building will house SMD’s innovation division, including a test tank and development laboratories designed to speed up research and development.
Growth targets
Chairman Mike Jones said the facility reflected continued growth as the company passes 300 staff and pursues a target of £150m turnover by 2030. SMD has brought 12 world-first technologies to market.
He said the investment also strengthens the company’s connection to the North East, creating careers and supporting skills and the clean energy supply chain.
