Canada Economic Development

Canada Economic Development

August 25, 2011 14:30 ET

Tecnar Automation Ltd. Receives $300,000 in Funding From Government of Canada to Commercialize Innovative Product

SAINT-BRUNO-DE-MONTARVILLE, QUEBEC--(Marketwire - Aug. 25, 2011) - Acting on behalf of the Honourable Denis Lebel, Minister of Transport, Infrastructure and Communities and Minister of the Economic Development Agency of Canada for the Regions of Quebec, Jacques Gourde, Member of Parliament for Lotbinière–Chutes-de-la-Chaudière, today announced the awarding of $300,000 in repayable funding to the firm Tecnar Automation Ltd. to implement a commercialization strategy for its high-tech device, the Laser-ultrason (LUT), in the United States, Italy, Japan and China.

"The Government of Canada works to facilitate access to international markets, as evidenced by our support to Tecnar Automation, an innovating company that bases its growth on products stemming from R&D in high-tech sectors," said MP Gourde.

Intended for the iron and steel and aerospace industries, LUT measures, on the production line and during the manufacturing process, the thickness of hot steel tubes. Today's technology can only evaluate the quality of a product after it has been manufactured. The commercialization of this laser-ultrasonic system, which will contribute to highlighting a Canadian technology, will strengthen Tecnar's position as a world leader in sensors and allow it to gain international market shares.

The financial assistance announced today has been awarded through the Business and Regional Growth program.

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