Government of Canada Supports Technological Innovation of Novika Solutions

LA POCATIÈRE, QUEBEC--(Marketwired - July 17, 2014) - Canada Economic Development for the Regions of Quebec

Acting on behalf of the Honourable Denis Lebel, Minister of Infrastructure, Communities and Intergovernmental Affairs and Minister of the Economic Development Agency of Canada for the Regions of Quebec, the Honourable Steven Blaney, Minister of Public Safety and Emergency Preparedness, announces that Novika Solutions, a college centre for technology transfer affiliated with La Pocatière CEGEP, has been granted funding to expand its service offering and clientele.

The assistance has been awarded in the form of a $239,000 non-repayable financial contribution through Canada Economic Development's Quebec Economic Development Program.

Quick facts

• This investment will allow Novika Solutions to acquire additional high-power laser processing equipment.
• The new equipment will be used for the precision laser welding of small assemblies and surface treatment to support innovation and technology transfers. Novika will also buy a numeric controlled lathe in order to manufacture, among others, prototypes for metal processors as part of innovation projects.
• By providing Quebec companies access to equipment and expertise in technological innovation, Novika Solutions plays a leading role in improving their competitiveness and performance.

Quotes

"By supporting Novika Solutions in the acquisition of state-of-the-art equipment, our government is showing once again that it is committed to investing in projects that help ensure economic growth."

Steven Blaney, Minister of Public Safety and Emergency Preparedness

"The Novika Solutions college centre for technology transfer is constantly seeking out technologies in support of Quebec's metal processing firms. The funding announced today will contribute to the development of the metal industry which, with its 125,000 direct jobs, is of major importance for the prosperity of Quebec."

Jean Lachance, CEO, Novika Solutions

Related link

Novika Solutions Web site: http://www.novika.ca/corporation

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