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Energy firm announces expansion in Granite City
A SCOTTISH-AMERICAN software and energy company has revealed it plans to move to new office premises in Aberdeen.
Ziyen Inc, established by Inverness-born Alastair Caithness in San Diego, California, will move into new offices in the Aberdeen Innovation Park on Balgownie Drive. Previously operating a satellite office in Inverness, the firm is expected to appoint experienced industry figures to support the expansion in the coming weeks.
This announcement follows the company’s recent $36 million purchase of oil reserves in Indiana, and its plans to be listed on the NASDAQ stock market by early 2018.
CEO Alastair Caithness said: “We see enormous potential for our service offering in the UK, particularly around new technology. The Aberdeen office gives us fantastic platform for growth, both in Scotland and internationally.”
Founded in 2016, its recent creation of an energy division is intended to utilise its advanced extraction technology. With permission recently given to trade as a petroleum firm following its US acquisition, Ziyen aims to attract potential investors and oil and gas experts to its expansion efforts.