Government of Canada Lends Financial Support to Metaltech-Omega Inc.

LAVAL, QUEBEC--(Marketwire - April 30, 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 Metaltech-Omega Inc. has been awarded financial assistance to acquire and install specialized equipment in order to improve its competitiveness.

"This is yet another example of the Government of Canada's commitment to supporting enterprises that, like Metaltech-Omega Inc., are investing to increase their productivity," said Minister Lebel.

Metaltech-Omega Inc. was founded in 1990 by directors who, since 1962, had gained valuable experience in their field that they were able to transfer to their new enterprise. Metaltech-Omega specializes in the design and manufacture of steel, aluminium and fibreglass scaffolding as well as ornamental steel fencing. Thanks to the contribution from Canada Economic Development, the company purchased a robotic welding system and an automated paint room. This new equipment will enable it to repatriate to its Laval plant the production of scaffolding frames currently manufactured in China. This project is of strategic importance to Metaltech-Omega in that its improved productivity and production capacity will help it break into the U.S. big-box retail market. According to the company's directors, the project could result in the creation of 36 new jobs by the year 2014.

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This $300,000 in repayable funding has been awarded under Canada Economic Development's Business and Regional Growth program.

For more details on Metaltech-Omega Inc., visit www.metaltech-omega.com

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