Canada Economic Development

Canada Economic Development

December 06, 2010 10:30 ET

Government of Canada Grants $2.115 Million to Delastek Inc. for Equipment Acquisition and Development of New Technologies

SHAWINIGAN, QUEBEC--(Marketwire - Dec. 6, 2010) - The Honourable Denis Lebel, Minister of State for Canada Economic Development, today announced the awarding of $2.115 million in repayable funding to Delastek Inc. Granted through the Business and Regional Growth program, this financial assistance will enable the firm to purchase specialized equipment and develop new components to outfit the interior of the cockpit of Bombardier Aerospace's CSeries aircraft. The development and commercialization of these new technologies will result in the creation of 60 quality jobs and the maintenance of 15 existing positions over the next five years.

Delastek Inc. is a world-class enterprise and a flagship of the Mauricie economy. "This project, which will necessitate an overall investment of $9 million, is sure to strengthen the firm's position as an integrator among major aerospace industry contractors, particularly Bombardier," explained Minister of State Lebel.

Founded in 1984, Delastek Inc. specializes in the development and assembly of value-added composite products and electromechanical and electronic parts for the aerospace and transportation sectors. These products are used in the manufacture of, among other things, control systems for trains, dashboards, aircraft air ducts and control stick assemblies for helicopters. Relying on an approach based on simultaneous engineering methods, the company is able to undertake all stages of the product development process, from design to manufacture.

"Delastek invests 10% of its sales in research and development. This financial contribution from Canada Economic Development will help the dynamic firm develop and commercialize the results of its research, giving it a definite competitive advantage," the Minister of State concluded.

Canada Economic Development's Business and Regional Growth program supports enterprises in their efforts to improve their performance, become more competitive and engage in more innovation to promote their sustainable growth. This Delastek project meets those objectives.

To find out more about Delastek Inc., visit www.delastek.com 

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