Matilda's Planet has launched a new internal wall insulation system.
The system, called Matilda's Blanket, has been backed by £450,000 business finance from the Welsh Government.
The firm, which specialises in developing and manufacturing highly innovative green energy saving products, is to create fifty five new jobs in south Wales.
Matilda's Blanket, which was developed in-house using patented technology, is designed to insulate older stone or brick houses that have no cavity walls. It is estimated there are around 8 million solid wall homes in the UK that have no insulation, while 34% of homes in Wales were built before 1919.
The slim-line modular panel system differs from existing products on the market – the material is much stronger than traditional plasterboard, each system is made to measure using CAD, pre-fabricated and delivered in kit form so a room can be fully fitted and decorated in a day.
Matilda's Blanket has been tested and measured by bodies like The National Physical Laboratory and the Energy Saving Trust and credited with cutting fuel bills typically by around 40%.
Economy Minister Edwina Hart said: "I am delighted that support from the Welsh Government ensured this project went ahead in Wales and is set to create a range of new job opportunities in the region.
"The investment will not only see jobs rise from seventeen to 55 which is a significant boost but their innovative new energy saving product also has the potential to cut bills and help reduce fuel poverty."
(CD/MH)
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