Canada Economic Development

Canada Economic Development

May 02, 2012 10:00 ET

Government of Canada Lends Financial Support to Photon etc. Inc.

MONTRÉAL, QUEBEC--(Marketwire - May 2, 2012) - The Honourable Denis Lebel, Minister of Transport, Infrastructure and Communities and Minister of the Economic Development Agency of Canada for the Regions of Quebec, announces that Photon etc. Inc. has been granted financial assistance that will enable the company to, among other things, expand into new markets.

"By supporting Photon etc., the Government of Canada is contributing to the growth of the Montréal region economy," says Minister Lebel.

Founded in 2002, Photon etc. specializes in the development of optic and photonic analysis products. The company's project involves marketing the industrial version of its hyperspectral analysis systems to advanced materials developers and manufacturers. These turnkey systems serve in the manufacture and quality control of products such as light-emitting diodes (LED), solar cells and latest-generation electronics, which are fast-growing markets in the green and knowledge economies.

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This financial assistance, granted in the form of a $500,000 repayable contribution, has been awarded through Canada Economic Development's Business and Regional Growth program.

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