$8.6 million investment in Critical Signal Technologies leads to 366 new jobs

Millions of dollars in investment are expected to lead to hundreds of jobs at Critical Signal Technologies.The Farmington Hills-based firm recently took in $2 million from Michigan’s 21st Century Jobs Fund, along with $6.6 million in accompanying venture capital. That investment is expected to create another 366 jobs at a firm that already employs 146 people. Critical Signal Technology life sciences tech company develops 24-hour personal emergency response and remote medical monitoring services for elderly and disabled people. The system allows them to live a safer and more independent life. The system helps reduce costs because it can assess patient conditions on the spot and make sure the correct medical or emergency personnel arrive on the scene. Critical Signal Technologies launched its services in 2006 and has built its client base to more than 3,000 customers.The firm plans to add its new employees and contractors over the next three years as it aims to pump up its revenues to $15 million annually. . Source: Michigan Economic Development CorporationWriter: Jon Zemke