National Research Council Canada-NRC

National Research Council Canada-NRC

July 21, 2015 10:05 ET

MP Aspin Announces Support for Foraco Drilling Technology to Increase Productivity and Safety

NORTH BAY, ONTARIO--(Marketwired - July 21, 2015) - Foraco Canada Ltd. will receive up to $170,000 in funding through NRC-IRAP to support the continued development of a data acquisition system to capture and record essential production data from a drilling rig. The collected data will be used to create and implement best practices for drilling under different conditions, as well as increasing the overall productivity and the safety of crews and rigs.

Jay Aspin, Member of Parliament for Nipissing-Timiskaming, along with the Honourable Ed Holder, Minister of State (Science and Technology), today announced the investment through the National Research Council of Canada's Industrial Research Assistance Program (NRC-IRAP).

Established in 2006 with headquarters in North Bay, Ontario, Foraco Canada Ltd. is a subsidiary of Foraco International SA, a global mineral drilling services company providing reliable service offerings in the mining and water industries.

Quick facts

  • Foraco Canada Ltd. currently employs 25 men and women in North Bay and approximately 190 Canadians across Canada.
  • Through its national network of industrial technology advisors, NRC-IRAP provides support to SMEs in Canada in the development and commercialization of technologies.
  • NRC-IRAP works with industry to bridge technology gaps, helping build a more innovative Canadian economy that reflects today's global realities.
  • In 2014-15, NRC-IRAP supported over 10,000 SMEs with expert advisory services. More than 3,000 of these firms also received some form of financial assistance.

Quotes

"Our government is strongly committed to initiatives that support science, technology and Canadian industry. Like so many companies in North Bay and the surrounding Nipissing-Timiskaming region, Foraco Canada and their innovative work is critical to the Canadian economy. Our government will continue to put in place the tools that Canadian businesses need to grow, create jobs and secure long-term prosperity."

Jay Aspin, Member of Parliament for Nipissing - Timiskaming

"As outlined in our government's science, technology and innovation strategy, we are harnessing the power of science and technology to create jobs and opportunities and to improve the quality of life of Canadians. Through the National Research Council of Canada's industry-driven approach, Canadian businesses are becoming more innovative and competitive globally while creating jobs locally."

Ed Holder, Minister of State (Science and Technology)

"NRC-IRAP funding has allowed Foraco to aggressively move forward with our research and development initiatives. This will not only provide a competitive advantage in a mature market such as Canada, it also allows us to export best practices throughout the Foraco world to better service our clients."

Tim Bremner, Senior Vice-President-North America, Foraco International SA

Additional links

- Foraco International SA

- National Research Council of Canada Industrial Research Assistance Program

- Business Innovation Access Program

- Canada Accelerator and Incubator Program

- Youth Employment Program

Contact Information

  • Media Relations Team
    National Research Council of Canada
    613-991-1431
    1-855-282-1637 (24/7)
    media@nrc-cnrc.gc.ca
    Twitter: @NRC_CNRC

    Scott French
    Director of Communications and Parliamentary Affairs
    Office of the Minister of State (Science and Technology)
    343-291-2700