A NEW product is set to be launched thanks to a scheme linking businesses with universities.

RGS Electro-Pneumatics took part in the Government backed Teaching Company Scheme and has used the help to develop a new electrical component which it hopes will become a major success in the home and overseas markets.

James Burrow, an engineering graduate from the University of Central Lancashire, worked with the firm to develop the new solenoid.

"No one else has a product which offers all the combined benefits of ours and we have tremendous confidence in its future," said Eddie Strickland, development engineer at RGS, which also manufactures valves and other devices for the chemical and process industry.

And the firm believes the scheme is a major help to local firms.

"It can be quite difficult for a company the size of ours to find staff with advanced skills," explained Jamie Dummer, deputy managing director of the Oswaldtwistle firm.

"Many companies shy away from even trying because they feel the risks are too great or that graduates won't commit to smaller organisation.

"This scheme draws on the skills of both the company and the university and reduces the risks involved."

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