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A small magnetic device invented by a Northumberland entrepreneur is set to make a big splash in the global oil, gas and power industries following financial backing.
Jon Naylor has more than 30 years’ experience in senior positions within the industrial pipelines sector and he now acts as a top level consultant for clients around the world through his Bedlington firm , JNCS Business Services Ltd.
Now Mr Naylor has invented the TorqTag, a magnetic piece of kit used on pipelines which is already winning orders around the world – and is poised to reach new heights after winning support from the new North East Small Loan Fund Supported By The European Regional Development Fund.
The TorqTag was developed when Mr Naylor realised there was an industry need to improve processes around the closure of the dozens of flange pieces that join sections of pipeline to each other.
This process is done by engineers in a precise order, to make sure connections are made as they should be, and the TorqTag temporarily attaches to each bolt, helping technicians keep track of their bolting sequence.
Having already won orders from existing and new clients around the world, Mr Naylor has worked with regional fund management firm NEL Fund Managers to secure a £10,000 Small Loan Fund investment that is helping improve the manufacturing processes around the TorqTag.

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Music fans braved an afternoon downpour to catch X Factor winner Matt Cardle live in Bedlington.
The singer-songwriter headlined Northumberland Live in Bedlington on Saturday evening.
Cardle took to the Gallagher Park stage at around 8pm, following rain in the late afternoon.
Cardle, who won X Factor in 2010, was joined on the bill by Newcastle singer Channy, the Midnight Soul Sisters and pop punk group 5K.
The future of the under threat festival had been in doubt, but went ahead following donations from councillors and East Bedlington and Choppington's parish councils.
East Bedlington Parish Council chairman Keith Grimes said: "There was a real danger that the festival would not happen this year. We are well aware of how much this free event means to our community and we believed as a parish council that they deserved to have it."

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Forever haunted by the image of her daughter’s lifeless body in a crashed car, a mum is today begging other drivers to stop speeding.
It has now been almost a year since Isabel Easson lost her precious girl Bethany Fisher when a car, driven by Jordan O’Donnell, smashed into parked cars and a wall outside her home in Bedlington.
Today two new speed indicator display (SID) signs have been installed on the C405 by Northumberland County Council following campaigning by Bethany’s family and friends.
And Isabel hopes the signs will make people think and help stop other parents going through what she has.
The 48-year-old said: “I just don’t want this to happen to anyone else. I still can’t see past that image of her body. I’m struggling to get that image of her out my head.
“That’s something no parent should ever see.



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