A STOCKSFIELD-BASED engineering company has secured a seven-figure investment to develop its award-winning security and counter-terrorism products.

OpenWorks Engineering, which has developed a unique and innovative drone capture system named SkyWall, received the investment from North-East property and investment business, Adderstone Group.

SkyWall is already being used across the globe by a number of government authorities, militaries and private security organisations to provide close protection to the likes of airports, major infrastructure and even world leaders at summits.

Its directors say the investment from Adderstone Group will enable OpenWorks to increase capacity to manufacture its award-winning SkyWall drone defence products, accelerate research and development of the next generation of SkyWall products and add significant value to the business.

Chris Down, managing director of OpenWorks, said: “Adderstone Group’s track record speaks for itself. We were determined to partner with a local investor to expand our production capability and accelerate the development of new products. We are confident that, in Adderstone, we have secured the perfect investment partner.”

The funding is Adderstone Group’s second investment into an engineering business. CEO and founder Ian Baggett said: “OpenWorks’ achievements to date have been astounding.”