TECHNOLOGY consultancy Aegis IT believes it is on track to double its turnover to £10m and create around 40 jobs after securing a contract with one of the world’s biggest broadcasters.

Newcastle-based Aegis IT has signed a £250,000 deal with US-based Turner Broadcasting System to provide technology that will help the company reduce its energy costs and operate more efficiently.

Aegis, which employs 18 staff, will also help the broadcaster reduce its impact on the environment by installing the energy-saving equipment at its offices in London, where it streams the hugely popular Ben 10 children’s cartoon to 53 channels around the world.

The technology, which has been developed in the US, records when a company uses most of its energy, so that it can then reduce output during quieter periods.

Aegis has been inundated by orders for the technology, as companies look to reduce their costs as well as comply with stricter environmental legislation.

The firm said it had also seen a particular increase in orders from companies based in east London, which have been struggling with power shortages as work continues on the Olympic Village.