EDD News:
ALBUQUERQUE — A manufacturing company that provides leading-edge technology and software to detect active shooter threats is expanding in Albuquerque with the help of State and City economic assistance through Local Economic Development Act (LEDA) funds.
EAGL Technology Inc. will expand its workforce from 22 to 38 highly paid and skilled employees, moving into a larger and newly renovated 15,400 square foot facility at 3821 Singer Blvd. NE, Albuquerque, 87109.
“I can’t think of a better economic investment for New Mexico than to help a company of this caliber expand its work to fight gun violence in our communities,” Gov. Michelle Lujan Grisham said. “With this assistance, EAGL will add 16 well-paying jobs and, importantly, deepen its roots as a high-tech New Mexico company.”
“Our investment in EAGL Technology Inc., is an investment in Albuquerque. Supporting local companies to expand and take it to the next level is one part of our economic development strategy,” Mayor Tim Keller said. “EAGL’s innovative technology to fight gun violence in communities across the globe is a true showcase of the talent and innovation that Albuquerque offers.”
The company is investing $1.7 million in the expansion. The State of New Mexico is supporting the growth with $200,000 from its LEDA fund. The City of Albuquerque is assisting with $25,000 of LEDA.
Brian Rowe, Chief Financial Officer of EAGL Technology, said the economic assistance is vital as the company looks to continue its expansion after the COVID-19 health emergency. The LEDA assistance allows EAGL to fully incorporate its research, development, testing, manufacturing, training, certification, and sales in one location.
“Right now especially, LEDA is helping us move ahead with this buildout,” Rowe said. “It’s an opportunity to grow and move forward faster with more certainty.” The company is expected to add $1.2 million of annual payroll over five years.
Economic Development Cabinet Secretary Alicia J. Keyes said LEDA and other economic incentives will be a major consideration for businesses as they plan to add jobs after the COVID-19 health emergency.
“We know LEDA, JTIP, and other economic assistance gives companies the certainty to move forward with more confidence,” Keyes said. “These tools will provide New Mexico with better job growth and a stronger recovery.”
“Albuquerque is home to many companies that quietly innovate and produce technologies that make a big impact on keeping people safe across this country and the globe. EAGL Technologies is one of those companies that is making this world a safer place from right here in Albuquerque. We are thrilled to be able to support this local Albuquerque company into its next phase,” said Director of Economic Development Synthia Jaramillo of the City of Albuquerque.
The Emergency Automated Gunshot Detection and Lockdown System (EAGL) was developed by EAGL founder Boaz Raz after the Sandy Hook school shooting. The sensors developed and manufactured by EAGL can distinguish between a gunshot and a firecracker or a construction blast, even differentiating the type of firearm.
Once weapon discharge occurs, the sensing is analyzed, processed, and sent to security officials and law enforcement. The system can be integrated with other devices to dispatch information through a building or to lock-down doors. The technology is developed for schools, government buildings, houses of worship, military bases, entertainment venues, shopping malls, and other public places.
EAGL has customers in New Mexico, Washington, D.C., Dallas, Delaware, Wisconsin, Iowa, New Hampshire, Massachusetts and recently shipped its technology to South Africa.
Learn more about EAGL Technology Inc. at www.eagltechnology.com.
