OTTAWA, ONTARIO--(Marketwire - Sept. 22, 2010) - Defence, marine, energy and transportation industries, which rely on the safety and productivity of critical machinery, may soon benefit from new products, thanks to an investment by the Government of Canada to GasTOPS Ltd., an Ottawa business. The announcement was made by Royal Galipeau, Member of Parliament for Ottawa–Orléans, on behalf of the Honourable Gary Goodyear, Minister of State (Science and Technology).
"Our government is investing in science and technology to create good jobs, strengthen the economy and improve Canadians' quality of life," said Mr. Galipeau. "This investment will help bring solutions for machinery demanding the highest standards of safety, reliability, availability, and cost-effective operation."
GasTOPS Ltd. will receive $950,000 from the National Research Council of Canada Industrial Research Assistance Program to develop machinery fluids sensors. The project aims to develop optical measurement techniques by studying machinery fluids, such as fuels and lubricants, which will lead to improved operations of industrial machines. This will also help the company maintain its leadership position in the field of machinery health monitoring, increase sales, and create new jobs for Canadians.
A Canadian Innovation Leader Certificate was also presented to GasTOPS Ltd. to highlight its success as an innovative Canadian firm that has successfully linked scientific research to commercialization, jobs and economic growth.
Canada's Economic Action Plan provided new resources of $200 million to the National Research Council of Canada Industrial Research Assistance Program over two years to support innovative firms in Canada. To learn more, visit Canada's Economic Action Plan website (www.actionplan.gc.ca).
"The support from NRC-IRAP has been a vital component of our company's innovation success," said Dave Muir, President and Chief Executive Officer for GasTOPS Ltd. "Providing both financial and scientific support for the early and high risk stages of product research and development, this support has contributed greatly to our achievements."
Founded in 1979 and now employing more than 100 people in Ontario, Nova Scotia, and in the United States, GasTOPS Ltd. provides products and services to improve the productivity and safety of equipment used by the defence, aviation, marine, energy, and transportation industries worldwide. For more than 30 years, the company has supplied innovative fluid sensing and analysis systems and specialized technical services for the development and support of machinery condition monitoring, control and maintenance systems.
About National Research Council of Canada and its Industrial Research Assistance Program
The Industrial Research Assistance Program provides a range of both technical and business-oriented advisory services along with necessary financial support to qualified innovative small and medium-sized enterprises in Canada.
The program is delivered by a field staff of 240 professionals in more than 100 communities across Canada. The National Research Council of Canada is committed to working with small and medium-sized enterprises while they realize their full potential, turning knowledge and innovation into strategic opportunities, jobs and prosperity for all Canadians.
For more information (media only), please visit the NRC Industrial Research Assistance Program's website (www.nrc-cnrc.gc.ca/eng/ibp/irap.html)