Government of Canada Lends Financial Support to SCP 89 Inc.

LATERRIÈRE, QUEBEC--(Marketwire - July 5, 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 the firm SCP 89 Inc. has been granted financial assistance to take the first steps in bringing an innovative electric vehicle to market.

"In lending financial support to SCP 89, a Saguenay enterprise, the Government of Canada is providing proof positive of its firm commitment to economic growth built in particular on innovation and sustainable development," said Minister Lebel.

SCP 89 Inc., which specializes in the manufacture and processing of steel in all its forms, has for the last few years also worked in polymer and aluminium. Its clientele includes forest and mining companies, aluminium smelters as well as hydroelectricity and construction companies. The enterprise currently exports more than 25 percent of its products to the United States, Russia and various European countries, including Scandinavia.

SCP 89 Inc. will use the funding provided by Canada Economic Development to test, refine and pre-market the Minautor, an electric vehicle designed to operate in underground mines. This four-wheel drive vehicle is primarily used to transport technical teams and equipment for surveyors, foremen and maintenance crews working underground. In this working environment, such an operating mode reduces CO² fumes as well as the costs associated with ventilation, and is therefore a major advantage.

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This $100,000 repayable contribution has been awarded under Canada Economic Development's Business and Regional Growth program.

To learn more about SCP 89 and the Minautor, visit www.pedno.com/en/

Keep up with the latest news from Canada Economic Development by visiting www.dec-ced.gc.ca or subscribing to @CanEconDev on Twitter.