IEE receives research aid from Economy Ministry
IEE is the first company in Luxembourg to benefit from the basic research aid scheme offered by the Ministry of Economy.
According to a government statement, two of the company's research projects will receive funding estimated at over €5 million.
Economy Minister Étienne Schneider signed on Tuesday co-financing agreements for two of the company's research and development (R&D) projects in the presence of IEE Group CEO Sheng Wang and CEO of IEE SA Michel Witte.
At the signing ceremony Schneider welcomed the consolidation of IEE's activities in Luxembourg and said:
"With its R&D projects including experimental and theoretical work, IEE aims to acquire new knowledge on the fundamentals of phenomena related to electromagnetism"
"IEE is the first company to be supported by the basic research aid scheme of the Ministry of the Economy," said Schenider who went on to add that "the company demonstrates once again its innovative and pioneering character".
Two research projects
The first research project to receive funding focuses on electromagnetism and seeks to develop scientific knowledge that could lead to the development of new diagnostic tools to be used in medicine, telecommunications, as well as the environmental and energy sectors.
The second project focuses on capacitive sensors such as the ones used on glass hobs or by electric fields.
According to the government statement, the research activities will be carried out in close collaboration with the University of Luxembourg and other research institutions.
Active since 1989
Established in Luxembourg since 1989, IEE specialises in automotive safety systems and in particular in the development of intelligent sensor systems.
About 635 people are currently working on the IEE site in Contern and at its headquarters in Echternach.
The company employs more than 3,600 people worldwide, including more than 10% in research and development.