National Research Council Canada-NRC

National Research Council Canada-NRC

August 05, 2009 14:10 ET

Government of Canada Supports Innovative Research and Development in London, Ontario

LONDON, ONTARIO--(Marketwire - Aug. 5, 2009) - Mr. Joe Preston, Member of Parliament for Elgin-Middlesex-London, on behalf of the Honourable Gary Goodyear, Minister of State (Science and Technology), today announced a contribution to CVD Diamond Corporation from the National Research Council of Canada Industrial Research Assistance Program (NRC-IRAP).

The funding supports an innovative research and development project that will assist CVD Diamond in developing innovative technology to improve manufacturing processes that reduce costs and improve efficiency.

"Our government is committed to building a competitive advantage for the Canadian private sector and supports these leading-edge technology solutions," said Mr. Preston. "The Government of Canada is investing in science and technology to create jobs, strengthen the economy and improve Canadians' quality of life."

This $143,984 contribution will support the London-based company in researching, developing, and commercializing state-of-the-art diamond-coating technologies for milling ends and other cutting tools.

"Investing in science and technology is critical for developing highly skilled people and improving the long-term competitiveness of Canadian firms," said NRC President Dr. Pierre Coulombe. "That's why NRC-IRAP is helping innovative Canadian businesses such as CVD Diamond grow stronger, faster and bigger."

CVD Diamond's products are used for machining a wide range of materials, including graphite, composites, carbon fibre, fiberglass, ceramics, and abrasive aluminum alloys.

"NRC-IRAP is playing an important role in the success of the company," said Joe Brennan, President and CEO of CVD Diamond Corporation. "The financial support we are receiving from NRC-IRAP will help us continue to innovate high-tech solutions for the global marketplace."

About NRC and NRC-IRAP

The NRC Industrial Research Assistance Program (NRC-IRAP) provides a range of both technical and business-oriented advisory services along with necessary financial support to qualified innovative Canadian small- and medium-sized enterprises.

The program is delivered by a field staff of 240 professionals in more than 100 communities across Canada. NRC-IRAP 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.

The Government of Canada's Economic Action Plan has provided new resources of $200 million over the next two years to bolster NRC-IRAP support for innovative Canadian firms. To learn more about Canada's Economic Action Plan, visit www.actionplan.gc.ca.

For more information (media only), please visit NRC-IRAP's Web site
http://www.nrc-cnrc.gc.ca/eng/ibp/irap.html.

Contact Information

  • National Research Council Canada
    Media Relations
    613-991-1431
    media@nrc-cnrc.gc.ca
    or
    Office of the Honourable Gary Goodyear
    Minister of State (Science and Technology)
    Gary Toft
    Director of Communications
    613-943-7599