The Québec City region is outperforming its rivals when it comes to business operating costs. The 2016 edition of KPMG's Competitive Alternatives confirms that Québec City continues to be ranked #1 worldwide among comparably sized urban areas (i.e. over 500,000 inhabitants in mature markets) in terms of its competitive cost advantages. According to this biennial study, it is 16.1% cheaper to set up a company and do business in Québec City, compared with the US average — a marked improvement over the 2014 result (9.3% cheaper).
Opsens Inc. is pleased to announce receipt of orders worth over $1.2 millionfor its products to measure Fractional Flow Reserve ("FFR") from the Japanese market. Opsens' FFR products are designed to optimize the diagnostic and guide treatment in patients with coronary heart disease. The orders placed by Opsens' Japanese distributor, a player in interventional cardiology at the head of a well-organized distribution network, more than double Opsens' FFR revenues from fiscal year 2015.
H2O Innovation Inc. announced that it was recently awarded three new contracts in an aggregate amount of $8.9 million for the design of potable water treatment systems. These new contracts bring the sales backlog to a high level of $44.3 million as at November 5, 2015, excluding the sales backlog from its Specialty Products and Services business lines (PWT, Piedmont and H2O Innovation Maple). H2O Innovation is proud to have been selected by three different water authorities for the design, manufacture and commissioning of ultrafiltration (UF) systems to service municipal clients. These systems are located in Oregon, Texas and Virginia.
Coveo, a recognized leader in intelligent search, has secured $35 million in Series D financing to fund the company's aggressive growth. The round was led by IQ Venture Capital with participation from existing investors, including Tandem Expansion Fund, BDC Capital, Propulsion Ventures SEC, Fonds de solidarité FTQ, and Coveo CEO Louis Tetu. Coveo has raised $75 million in financing to date.
ABB, a world leader in energy and automation technologies, celebrated the official inauguration of its new high-tech Measurement & Analytics facility in Quebec City today in the presence of Jacques Daoust, Minister of the Economy, Innovation and Exports, Régis Labeaume, Mayor of Quebec City, and Nathalie Pilon, the newly appointed President and Chief Executive Officer of ABB Canada. The new 85,000-square-foot facility is located in the Espace d'innovation Michelet, a next-generation technological park in Quebec City, and represents a $20-million investment. The building is LEED-certified, aligning with ABB's commitment to sustainable development. This project was executed in cooperation with Groupe Commercial AMT and Quebec City.
Medicago, a leading Canadian company in the development and production of plant-based therapeutics and vaccines, has been awarded a contract by the Public Health Agency of Canada (PHAC) to develop two antibodies to fight the Sudan strain of the Ebola virus. Medicago will produce these antibodies at its facility in Quebec City.
Olympus NDT Canada Inc. announces the purchase of 33,000 m2 of land in Québec City’s Michelet Innovation Zone and the start of construction on a new office and manufacturing complex. Olympus NDT Canada currently leases space in three locations in the Québec City area. Purchasing this land demonstrates Olympus’ commitment to the region and enables business and manufacturing operations to be consolidated in a single location.
The scientist who led the work to develop the Ebola drug ZMapp is going to be leaving the National Microbiology Laboratory in Winnipeg. Dr. Gary Kobinger is the lab's chief of special pathogens, heading a team that works on some of the world's worst disease threats. Kobinger will be vacating that position next June to become the director of the Centre for Research in Infectious Diseases at Laval University in Quebec City.
EXFO Inc. announced it has obtained a multi-million dollar order from a government entity in the Asia-Pacific region for a fiber monitoring system that will monitor a mission-critical, high-speed, IP/MPLS network spanning over nearly 3,000 kilometers.
Québec International (QI) released the 2014 highlights from its annual report earlier this spring. In the coming weeks we will examine QI’s results and the kind of work our professionals perform as part of our six mandates. Discover the talents of our foreign investment experts.
Université Laval has obtained the largest research grant in its history for the massive Sentinelle Nord research program: a $98 million award from the federal government’s $350 million Canada First Research Excellence Fund.
Opsens Inc. announced it has received Health Canada's approval to commercialize the OptoWire and OptoMonitor, its products developed to measure Fractional Flow Reserve ("FFR"). FFR is used to optimize the diagnosis and guide the treatment of patients with coronary heart disease.
INO is pleased to announce that it has earned a Gold Canada Awards for Excellence under the Quality category. The prize will be officially presented on October 29, 2015, at the Sheraton Centre Toronto Hotel, on the occasion of the Excellence Summit & Canada Awards for Excellence.
Medicago, a major Canadian biotech company and an international leader in the development and production of plant-based vaccines and therapeutics, is proud to announce that Quebec City will be home to its new production complex. The $245 million project will create 200 new high-skilled jobs by 2019, adding to the team of 180 employees already working at Medicago’s Quebec City office and laboratories. The project is expected to generate more than $461 million in direct and indirect economic benefits over the next five years.
B-TEMIA Inc., a market leader in human augmentation, announced the closing of a private placement with a group of Canadian private investors and the Toronto-based private healthcare fund, Epic Capital Management Inc., a boutique investment firm focused on Canadian small and mid-cap securities. This new financing confirms a 60% increase in B-TEMIA's value creation over the last year.
French multinational OVH, a backronym for “On vous héberge” or “We Host You,” announced on Thursday, April 16, that it had chosen Québec City as the home for its North American R&D centre. The centre will specialize in, among other things, customer experience, and will hire 50 highly skilled employees.
Université Laval and ABB announce today the final phase of a major development project for an astronomical measurement instrument offering unsurpassed precision. Named SITELLE (Wide-field Imaging Fourier Transform Spectrometer), this instrument integrates several advanced technologies that will be installed at the Canada-France-Hawaii Telescope (CFHT), one of the most productive telescopes in the world, located at the summit of Mauna Kea on Hawaii's Big Island. SITELLE will analyze the characteristics of the light emitted by each component of large astronomical objects such as nebulae and galaxies, making it possible to analyze these celestial objects as never before.
A new chapter has opened in the history of Frima, Canada’s biggest independent videogame company, with the arrival of two new investors and partners, Fonds de solidarité FTQ and European entertainment powerhouse Média-Participations. The $7.5 million investment will equip the Quebec City studio to pursue its mission as a leader in the development and sale of entertainment products and brands.
Larian Studios, the award-winning Belgian developer of hits like Divinity: Original Sin and Divinity: Dragon Commander, officially announced its plans to establish a studio in Quebec City. Larian Québec, a subsidiary of the acclaimed developer, will begin work on new games and take advantage of the talent and creativity that abound in Quebec City. The company is currently in hiring mode and aims to employ 40 people in Quebec City over the next three years.
According to the 2015-2016 American Cities of the Future rankings compiled by UK-based fDi Magazine, which is published by the Financial Times Group, Quebec City placed in the Top 10 in two categories (Business Friendliness and Best fDi Strategy). A total of 421 cities in the Americas were evaluated by fDi Intelligence, a division of the Financial Times, and divided into five groups based on population size. Quebec City is in the mid-sized cities group, which includes urban areas with populations of more than 200,000 inhabitants and metropolitan regions with more than 750,000 inhabitants.
Nordic Life Science Pipeline is proud to launch the recruitment and testing of volunteers for the double-blind, randomized clinical study (phase II) of SQIN™, the first dermatologic product of its new biocosmeceutical division called NORBIODERM. NORDIC intends to be first in specializing on dermatological products for chronic dry skin conditions (xerosis) typically experienced by individuals with paralysis and/or mobility impairment. Pending upon these results, commercialization of SQIN™ may be announced as early as Q3-2015.
Creaform, worldwide leader in portable 3D measurement solutions and 3D engineering services, announced the opening of its US-based corporation and offices in Costa Mesa, California. The opening of this new office is the result of the growing demand for Creaform’s portable measurement solutions as well as its dedication to better support its ever-expanding US customer base. Moreover, it complements Creaform’s current American presence.
EXFO Inc. (NASDAQ: EXFO, TSX: EXF) announced the addition of the FIP-435B Fully Automated Wireless Fiber Inspection Probe to its market-leading portfolio of portable fiber-optic test equipment. EXFO now allows connector testing to reach new heights by swapping the standard wire for a Wi-Fi connection to Android(TM) smart devices.
Videotron is pleased to announce that it has acquired 4Degrees Colocation and its data centre, the largest in Québec City. The amount of the transaction is $31.5 million, which could increase to $35.5 million if certain targets are reached. Acquisition of the data centre will give Videotron Business Solutions a significant advantage when it comes to offering bundled services to Québec businesses, which are increasingly interested in digitizing and decentralizing their data servers. 4Degrees is one of the few data centres in Québec to be Tier III certified by the Uptime Institute. Tier III is an international standard that ensures maximum reliability and operational sustainability.
Members of Anges Québec, the Anges Québec Capital Fund and Fier Succès reiterated their confidence in Feldan, a Quebec company that develops cell therapy products, with a new investment of over $1.2M. With this third round of financing completed, the biotechnology company can now rely on a $675K investment from 15 angels, including Jean-Marc Rousseau and Sylvain Chartier, $475K from the Anges Québec Capital Fund and $75K from Fier Succès.
Case Medical, Inc.® a vertically integrated, product development and manufacturer offering custom designed and modular "do-it-yourself" sterilization systems for the medical industry, and TSO3 Inc (TSX: TSO3), a leading innovator and developer of low-temperature sterilization systems for the healthcare industry, jointly announced today that SteriTite instrument containers and MediTray inserts engineered and manufactured by Case Medical demonstrate excellent compatibility with TSO3's new STERIZONE® VP4 Sterilizer, which is now cleared for sale in the USA.
Davie - Canada's largest shipbuilder - has been voted 'North American Shipyard of the Year' at the industry's most prestigious awards ceremony; the Lloyd's List North American Maritime Awards 2015. The award ceremony took place yesterday in Houston, Texas together with the leading maritime companies in North America. The panel of judges included chairmen and presidents of the marine industry's leading governing bodies and trade associations.
Group insurance leader SSQ Financial Group is set to launch an exclusive new critical illness insurance product in March. The new product will feature three separate coverage options, making it the most generous, comprehensive, and flexible group insurance product available in Canada: Basic (6 illnesses), Complete (24 illnesses), and Total (40 illnesses).
EXFO Inc. (NASDAQ: EXFO, TSX: EXF) unveiled its new EXFO Mobile Agent (EMA) application, which turns any smart device into an active probe offering a series of mobile service tests. Unlike other applications that passively monitor user activities on the device, the EMA actively emulates mobile service transactions. This enables operators to proactively determine which service tests to run, when, and at what frequency for an accurate and dynamic view of their network and service delivery performance. This has led to a complete paradigm shift, as operators can now leverage their workforce's smart devices to automatically capture massive amounts of real-time data at the heart of customers' quality-of-experience (QoE) window.
For the fourth quarter ended December 31, 2014, Industrial Alliance Insurance and Financial Services Inc. (TSX: IAG) reports net income attributed to common shareholders of $112.4 million, up 23% over the previous year.
It will soon be possible to diagnose and identify Clostridium difficile, Staphylococcus, Streptococcus, respiratory tract infections, sexually transmitted infections, and a variety of other infectious diseases much faster with cutting edge technology developed by GenePOC, a rapidly expanding Quebec City company.
Nordic Life Science Pipeline Inc is proud to officially announce the creation of its new division in biocosmeceutical R&D. Nordic intends to become specialized and to focus mainly on products such as creams composed of medicinal active ingredients capable of significant effects upon vulnerable highly sensitive skin. A few pilot tests in men and women are ready to be launched. By the end of 2015, clinical trials are expected, leading to the commercialization of a first safe and potent product for skin care of people with reduced mobility – e.g., with paralysis.
EXFO Inc. (NASDAQ: EXFO; TSX: EXF) unveiled its new open analytics platform offering operators an avant-garde approach to quality management through innovations in adaptable analytics and workflow automation. With the evolution of the EXFO Xtract platform, EXFO has merged its expertise in the automation of service turn-up, active testing, passive monitoring and infrastructure polling into a comprehensive E2E solution that enables operators to greatly improve time-to-market while guaranteeing exceptional quality for new services through an extendable end-to-end quality management solution.
TELUS (TSX:T)(NYSE:TU) has acquired a 20 per cent stake in Alithya, a Quebec-based information technology and consulting service provider with a Canadian and international scope. Drawing on each firm's respective expertise, the two companies have struck a long-term strategic partnership where each will offer suites of information and communication technology (ICT) services, with a focus on managed infrastructure solutions, to their business customers.
We're excited to announce that DimOnOff is Finalist for the Sapphire Awards and the Illumineer of the Year Award!
Those cumbersome paper-based training manuals could soon become a relic on the factory floor if technology created by two Quebec-based entrepreneurs takes off. Alexandre Leclerc and Antoine Bisson founded Poka, a social platform for manufacturers to train staff using videos and other interactive content to be shared in real time through an iPad app. Poka claims its technology is helping to drive “the social industrial revolution.”
Creaform, a worldwide leader in portable 3D measurement solutions and 3D engineering services, today announced that it will be bolstering its presence in South Korea thanks to the facilities of its parent company, AMETEK Inc. These new offices, strategically located in the Suwon area, will enable customers and distributors in the region, particularly Nawoo Tech Ltd., to have a broader access to Creaform products as well as extend its local services in sales, application engineering, and technical support.
Debiopharm Diagnostics, part of Debiopharm Group™, is proud to be the lead investor in GenePOC, who are developing a highly innovative, low cost and quick MDx (Molecular Diagnostics) platform. Debiopharm Diagnostics led this investment round together with Emerillon Capital and will become the largest shareholder in GenePOC.
Opsens Inc. ("Opsens") (TSXV:OPS) is pleased to announce the first use of its Fractional Flow Reserve ("FFR") products in Europe by the "founding fathers" of FFR, namely Dr. Bernard De Bruyne at the Cardiovascular Center Aalst, Belgium and, shortly, by Professor Nico Pijls, at the Catharina Hospital, Eindhoven the Netherlands. The OptoWire and OptoMonitor are Opsens' products for FFR measurements to optimize the diagnosis and guide the therapy in patients with coronary heart disease.
Davie - Canada's largest shipbuilder - announced a series of accomplishments, achieved over the past three weeks.
On the 2nd December in London, the winners of the first Internet of Things Awards, the IoTAs, were named in front of more than 150 participants at the Total Telecom Festival.
BlackOut design, a Quebec City firm of creators that is rapidly expanding at the international level, will wow audiences tomorrow during the opening ceremony of the International Parachuting Championship in Dubai. Scenario, visual design, lighting, music and décor: BlackOut design is behind all the fine details for this mega-production with dazzling multimedia concept, a breathtaking 360 degree experience presented in a huge silo measuring 60 metres in diameter that was specially built for the event.
The Minister of Finance, Mr. Michael Noonan TD, officially opened the Optel Vision EMEA Office in the presence of dignitaires from Ireland along with customers and partners from all Europe and the Americas. It is with great pleasure that, Optel Vision, the leading Canadian company specializing in Track & Trace and vision inspection solutions for the manufacturing industries has now opened a new state-of-the-art facility in Ireland to serve its customers across Europe.
Opsens Inc. (TSXV:OPS) ("Opsens" or the "Company") is pleased to announce that it has been granted CE marking for OptoWire and OptoMonitor, which allows these Fractional Flow Reserve (FFR) products for patients with coronary artery disease to be marketed in Europe, the world's second largest market.
The National Optics Institute (INO) has won the Grand Prix québécois de la qualité, receiving the award from Quebec's Minister of the Economy, Innovation and Exports, Jacques Daoust, and Mouvement québécois de la qualité, Chairman of the Board, Roch L. Dubé, at a ceremony in Montreal held on November 13 in conjunction with the best business practices show, Salon sur les meilleures pratiques d'affaires.
A leader in energy and automation technology, ABB has decided to build new facilities in the Espace d’innovation Michelet in Québec City, a $20-million project. The new, larger building will accommodate its 200 employees and allow ABB to pursue its growth.
The Government of Quebec, Investissement Québec, Invest in Canada and Québec International are pleased to be associated with the Industrial Asset Management Council (IAMC) professional forum that will be held in Quebec City. This is the first time that this event will be held outside of the United States. It will be a unique opportunity to showcase the assets of Canada, the province of Quebec and the Quebec City region to a select clientele of American investors. Nearly 400 participants are expected to attend this forum, which will be held from September 13 to 17 at the Quebec City Convention Centre.
Black Tie Ventures, an up-and-coming social game developer of highly targeted social casino games for niche markets, announced today that it is launching Pink Martini Casino, a revolutionary social gaming project. Over $7.5 million will be invested in Quebec City's local economy for the development and operation of this venture, which is expected to generate over $150 million over the next three years.
Québec City is a powerful draw for organizations seeking a truly stand-out destination for their events. This attraction has come to the fore in recent months, with the city landing nine international conferences in head-to-head competitions with other world cities.
Opsens Inc. ("Opsens") (TSX-V: OPS) is pleased to announce that its Japanese distributor received Shonin approval from the Japanese Ministry of Health, Labor and Welfare ("MHLW") to market the OptoWire and the OptoMonitor, our products that measure Fractional Flow Reserve ("FFR") in patients with coronary artery disease.
Réseau Québec-3D was created by Québec’s Ministère de l’Économie, de l’Innovation et des Exportations so that local businesses can benefit from what many are calling the biggest industrial revolution since the Internet.
4Degrees, the company behind the new high-technology and eco-friendly data center is proud to announce that Uptime Institute, the international reference in the data center field, awarded 4Degrees their coveted Tier III certification.
Cominar Real Estate Investment Trust has signed a deal to buy a portfolio of 15 properties including shopping centres, office buildings and an industrial park in Quebec and Ontario from Ivanhoe Cambridge for $1.53 billion.
Following the announcement of an investment of $28 million at its Quebec City studio at Davos in January, Ubisoft confirmed today that it will be investing $4 million of this amount to equip new workspaces in the St-Roch district. This move will ensure the studio’s presence in the neighborhood for the next 14 years. At the same time, Ubisoft revealed that the Quebec studio is ramping up to be lead studio in the production of a future installment of Assassin’s Creed®, one of Ubisoft’s flagship brands and one of the most popular and best-selling video game franchises in the world.
In its 2014 Magic Quadrant for Enterprise Search released last week, the analyst firm Gartner has positioned Coveo, a provider of search and relevance solutions, furthest along the completeness of vision axis in its Leader’s quadrant. Gartner’s report evaluates 17 providers of enterprise search solutions, each assessed based upon both their completeness of vision and ability to execute.
Three members of Anges Québec, including angel investor Maxime Detraux, have invested $400 K in Gullivert Technologies, which can also count on a $200 K investment from Desjardins Innovatech. The Quebec company has redesigned the mechanics of industrial air compressors and developed the only technology in the world capable of compressing gas directly using belt technology, allowing industries to reduce their energy consumption.
The Global Association for Contact Center & Customer Engagement Best Practices awarded a gold medal to the Card and Payment Services Business and Personal client contact centres at the ContactCenterWorld, Americas edition. This recognition has elevated Desjardins to the top position among medium-sized call centres known for their outstanding human resources and client relations practices in North, Central and South America.
Scenic bike rides will never be the same now that there's CycleMap, a mobile application created by David Boudreault and Olivier Carbonneau, two young techno entrepreneurs, and cyclists in their free time. In no time at all, CycleMap allows bikers to find the best route possible anywhere in the world for a ride alone or with family!
EXFO announced today it has acquired the business of Aito Technologies, a leading provider of customer experience analytics for mobile network operators (MNOs), through an asset purchase deal. Based in Espoo, Finland, Aito Technologies offers out-of-the-box customer experience analytics software that unifies business, network, product and customer data for real-time analysis, discovery, reaction and decision support for a wide range of users and decision-makers within a wireless operator organization.
Asmacure Ltee, a clinical-stage biopharmaceutical company focused on the development of novel, proprietary compounds that target cholinergic receptors for the treatment of pulmonary diseases, today announced top-line results from a combined Phase 1 and 2a trial evaluating its lead compound, ASM-024, in moderate asthma patients.
Manac, a North American leader in the design and manufacturing of specialty trailers, announces today the acquisition of all of the issued and outstanding shares of Peerless Limited for $14.75 million in cash, subject to certain net working capital adjustments. Established in Penticton, British Columbia, Peerless is a designer and manufacturer of highly specialized trailers and chassis for a variety of industries, including oil and gas, mining, forestry, logging and construction. Peerless had been operating the Mobile Solution division of McCoy Corporation since 2004.
Attraction Distribution is pleased to announce the sale of Rooster doodle-doo, the feature-length animation film from Quebec’s 10th Ave Productions, to China Movie Channel for airing on Chinese television. The film is the first feature-length animation film directed by Pierre Greco, and it is produced by Nancy Florence Savard of 10th Ave (The Legend of Sarila).
CO2 Solutions, an innovator in the field of enzyme-enabled carbon capture technology, today announced that it has entered into a Collaboration Agreement with Colorado-based Neumann Systems Group, Inc., an established emissions control solutions provider.
Again showcasing Canadian talent and creativity, an impressive number of Canadian developed and published video games are taking centre stage at this year's Electronic Entertainment Expo (E3 Expo) in Los Angeles. Throughout the Expo, Canadian-made games are being showcased on next generation consoles and a variety of mobile devices. Emanating from a creative cluster of companies which is the biggest in the world per capita, Canadian-produced games from ESAC member companies at E3
The year 2014 marks the 50th anniversary of Universitas and the achievement of an important milestone: the crossing of the threshold of $1 billion in assets under management. The organization has assumed a pioneering role by being the first and only Quebec-based foundation promoting education savings in Quebec.
Nyx Hemera Technologies’ President and Chief Executive Officer, Pierre Longtin, is proud to announce the installation of the Tunnel Lighting Addressable Control System (TLACS) in the Carlin Tunnel, located in Nevada, USA. Nyx Hemera Technologies’TLACS has been installed in the first Highway Rated Speed tunnel that is fully lighted with LEDs in North America.
Atrium Innovations announces that Peter Luther, former President of Johnson & Johnson Consumer Healthcare, has been named President and Chief Executive Officer of Atrium, effective at the end of June. He succeeds Pierre Fitzgibbon, who, as previously announced, will leave the Company by mutual agreement with the Board of Directors.
Smiths Detection has signed an agreement with Canada’s Optosecurity to develop and distribute an advanced Checkpoint Enterprise Software Solution which will improve the overall performance of security checkpoints and reduce their operational costs.
Exceldor and Parrish & Heimbecker, Limited are pleased to announce that they have signed a definitive agreement under which Exceldor will acquire P&H Foods. Included in the transaction are the primary turkey processing plant located in Hanover, Ontario, and a joint venture interest in Golden Valley Farms consisting of a further processing plant located in Arthur, Ontario. P&H Foods produces and sells products under the Butterball brand in Canada under a licensing agreement with Butterball, LLC, headquartered in Garner, North Carolina.
The Business Development Bank of Canada (BDC) announced today that the turning-point project, "Room with a View," submitted by local businessman Louis-Philippe Noel, will represent Quebec in the finals of the 2014 BDC Young Entrepreneur Award (BDC YEA).
CO2 Solutions announceS it has received a Notice of Allowance from the U.S. Patent and Trademark Office for its patent application No. 13/264,294 entitled Process for CO2 Capture Using Micro-Particles Comprising Biocatalysts. The Corporation also takes this opportunity to provide an update on the depth and breadth of its U.S. intellectual property portfolio in context of the landmark announcement made this week by the U.S. Environmental Protection Agency (EPA) on the regulation of carbon emissions from existing power plants.
The Genomics Center of the Centre de recherche du CHU de Québec, with its high-tech equipment, offering services to over 300 research teams each year, was officially inaugurated today. This center enables research professionals from the CHU de Québec, affiliated with Université Laval, to maintain and develop their acquired leadership in this cutting-edge area of genomics.
The National Optics Institute (INO) announces that it received the Celestica Award for Technology Commercialization from the Canadian Advanced Technology Alliance (CATAAlliance), the largest high-tech association in Canada, at the 29th Innovation and Leadership Awards Gala on May 21 at Carleton University in Ottawa.
B-TEMIA, leader in human augmentation systems announces the first public unveiling of its Military dermoskeleton at the Special Operations Forces Industry Conference – SOFIC’14, in Tampa (Florida, USA). This one of a kind innovation in soldier protection will be demonstrated in the booth of BTEMIA’s strategic partner Revision Military and marketed under the Revision’s commercial name “PROWLER”, including the “B-TEMIA Enabled” co-branding. This event is part of the B-TEMIA / Revision contract under the US Army SOCOM R&D program.
H2O Innovation announces that it was recently awarded $8.8 million in new contracts. These new contracts bring the Company's order backlog for water treatment projects to $31.6 million as of May 20, 2014, excluding backlog from its Specialty Products and Services division (PWT, Piedmont and H2O Innovation Maple).
The new Desjardins building in Lévis houses the tallest interior living wall in the world. The artwork, "The Currents", was designed by Green over Grey, a design firm specializing in the creation of living walls (aka green walls or vertical gardens). For this project, they drew inspiration from the views of the St. Lawrence River visible from Quebec City and Lévis. The green wall complements the new building's eco-friendly concept, which is expected to receive LEED gold certification after completion September 2014.
TSO3, an innovator in low-temperature sterilization technology for medical devices in healthcare settings, today announced that the Company has submitted a new file to the US Regulatory Authorities for the purpose of obtaining clearance for the STERIZONE® low temperature Sterilizer in that market.
Opsens, a company focusing on two high-growth markets, measurement of Fractional Flow Reserve in medical instrumentation and oil and gas, has won two awards at the 7th Annual Stock Company Gala, held in Quebec on April 29, 2014.
Canam, a business segment of Canam Group, North America's largest fabricator of steel components, is today deploying its BuildMaster® approach across the United States. The approach, which has been offered in Canada since the end of 2010, is a safer and faster process based on collaboration with partners that is redefining the way buildings are designed and constructed.
A Quebec shipyard has been awarded a $6.5-million contract by the federal government for refit work on the Canadian Coast Guard ship CCGS Louis S. St-Laurent. The work will be done at the Quebec City-area operations of Chantier Davie Canada Inc., a sub-contractor to Babcock Canada, an engineering services company.
Today marks the launch of a world-class aviation facility in Quebec City. The Complexe Capitale Hélicoptère, located near Quebec City Jean Lesage International Airport, offers a full range of services related to the helicopter industry, while setting out to make its mark as a new tourist destination unlike any other on the market. The new complex, which is now open to the public, features a breathtaking Discovery Space for visitors of all ages that offers high-performance flight simulators, helicopters on display and interactive ways to discover the helicopter universe.
CO2 Solutions, a leading innovator in the field of enzyme-enabled carbon capture technology, today announced that it has exceeded the second set of technical performance milestones for its oil sands project. CO2 Solutions patented process operated at the 0.5 ton/day scale and demonstrated that it can realistically lower the cost of CO2 capture to well below that associated with current carbon capture technology on the basis of cost per tonne captured.
Fruit d'Or announced that the company has pioneered encapsulation of cranberry powders into a two-piece capsule without the use of lubricating agents, a first for the industry. According to Stephen Lukawski, vice president of global business development and sales for Fruit d'Or, there a no fillers, chemicals, additives or excipients within the capsules, which have a fill weight of at least 500 mg of pure cranberry.
EXFO announced today it has acquired the assets of ByteSphere LLC, a privately held software company in the Boston area that specializes in global IT management and network monitoring solutions.
At the 6th Annual National Conference to Defeat Cancer, organized by Coalition Priorité Cancer, Merck Canada reinforced the company's continued commitment to the Quebec life sciences research innovation sector by announcing a $2-million grant to the Quebec - Consortium de recherche en oncologie clinique (Q-CROC).
Still buzzing from the festivities surrounding its 25th anniversary, National Optics Institute (INO) is proud to announce it has been recognized not once but twice in a study commissioned by the Saskatchewan Research Council (SRC).
Louis-Marie Beaulieu, Chairman of the Board and CEO of Groupe Desgagnés and Ross R. Bayus, President of Valero's Canadian Operations are pleased to announce the signing of a landmark agreement. The two companies have formed a joint venture, Transport Maritime Saint-Laurent inc. that has acquired two Panamax-class ships. These ships will serve to transport, among others, crude oil from Valero's Montreal East Terminal to its refinery in Lévis, on the south shore of Quebec City.
CRIQ, Centre de recherche industrielle du Québec, recently had a patent approved by the United States Patent and Trademark Office for a new type of camera case. The equipment will now be used with most CRIQ scanners, including the SAGE X2 scanner/optimizer developed for the wood industry. Thanks to the ingenuity of experienced CRIQ researchers, the camera case was specially designed to meet the needs of laser profilometry inspection systems.
According to Frost & Sullivan, a leading global growth consulting firm, EXFO has solidified its first place in 2013 in the overall portable FOTE market with a market share of 38.2%, an 8% gap with its closest competitor. EXFO's close collaboration with customers and the superior quality of its products have helped the company maintain its brand globally in the portable FOTE market. The key performance driver for EXFO has been its focus on portable OTDRs, fiber inspection solutions and optical spectrum analyzers, for which the company has gained incredible momentum in new regions, with more than 100% growth in Brazil and other Latin American countries in 2011 over 2010.
Industrial Alliance is pleased to announce that it was granted a licence by the Office of the Superintendent of Financial Institutions (OSFI) to administer the federal pooled registered pension plan (PRPP). The PRPP is a new pension plan offered to Canadian companies and self-employed workers who operate under federal jurisdiction, as well as companies and self-employed workers in Yukon, Nunavut and the Northwest Territories. Industrial Alliance will be able to offer the PRPP as soon as the final administrative formalities are processed by government authorities.
4Degrees, the firm behind the largest eco-responsible Internet colocation centre in Quebec City, has sponsored the very first all-electric Tesla brand taxicab in North America, according to Tesla Motors. "We are very proud to be able to help offer the people of Quebec City this green transportation system, a first in North America. For 4Degrees, this partnership makes perfect sense because energy efficiency is central to our activities. We are also strong advocates of the electric transport network and, among other things, we plan to provide clients and employees with free charging stations for electric cars at our future data centre," points out businessman Martin Bouchard, the initiator of 4Degrees, founder of Copernic and cofounder of Coveo.
A team of researchers from Université Laval and CHU de Québec identified unusually high levels of a certain protein in the brains of people suffering from essential tremor (ET), a movement disorder that affects 4% of the adult population. The discovery, the details of which were published in the most recent edition of the journal Movement Disorders, could lead to an effective treatment for this neurological condition, which is 10 times more prevalent than Parkinson’s disease.
Opsens was named a 2014 TSX Venture 50® company by the TMX Group. The TSX Venture 50® ranks the top 10 companies in five major industry sectors, identifying emerging companies that have shown strong results in key measures of market performance. Opsens was ranked among the top Canadian Technology and Life Sciences companies.
Leclerc Foods USA, a North American leader in the cookie, snack bar and cracker industry, is pleased to announce the acquisition of a 166,500-square-foot building in the Freeport Business Center for expansion of its food manufacturing operations inPhoenix, Arizona.
H2O Innovationannounces that it has been awarded a major contract of CAD$10 million in the United Statesto design, build and supply major equipment and services for a seawater reverse osmosis (SWRO) system. This will be the second largest SWRO system in the United States. The contract brings Company's order backlog for water treatment projects above CAD $25 million as of February 11, 2014.
LeddarTech, owner of the patented Leddar™ LED-based detection technology is pleased to announce that it has signed a cooperation, development and licensing agreement with Valeo, one of the world’s leading automotive suppliers. This cooperation between LeddarTech and Valeo will enable Valeo to develop a new infrared sensor for series-produced vehicles and cross a new threshold in its effective deployment of road obstacle detection and tracking functions.
Atrium Innovations is pleased to announce that pursuant to the terms of theInvestment Canada Act, the Minister of Industry has approved the previously announced plan of arrangement providing for the acquisition of all of the outstanding common shares of Atrium by corporations backed by the Permira funds and the acquisition by the Corporation of all of its outstanding convertible debentures. The Minister reviewed the Arrangement pursuant to the Investment Canada Act, and determined that it is of net benefit to Canada. In addition, the Corporation has received clearance from the Ukrainian competition authorities with respect to the Arrangement.
TSO3 announces that the Company has been notified by the European Patent Office of its decision to grant a patent applied for in 2010. This patent describes a method for controlling condensation of hydrogen peroxide (H2O2) when sterilizing medical devices with hydrogen peroxide, either used alone or in combination with ozone or other chemistries. Several other patent applications covering TSO3's technology are still pending in the United States, Europe,Japan and elsewhere in the world. The Company has also been notified by the Japanese and Australian Patent Offices of their intent to grant two of these other patents.
Ubisoft announces its plans to invest CAD 28 million over the course of three years with the goal of creating 100 new jobs at its Quebec City studio. These investments will enable the studio to strengthen its infrastructure and recruit new talents, and take the lead on the development of AAA next-gen games. The Quebec government is supporting the studio's expansion as part of the ESSOR program, with a contribution of CAD 510,000.
Phoenix – Leclerc Group in Quebec City, Quebec, Canada is expanding its foods manufacturing operations into the Valley with plans to employ 100 workers in a facility the company has acquired within the Freeport Center business park in Phoenix.
Canam Group announces the acquisition of a 66% interest in an engineering firm that specializes in wood structures. The transaction, the amount of which has not been disclosed, was completed in the final days of 2013. The company, called Massif Technologies, is composed of a group of engineers and technicians who are specialized in designing non-residential buildings featuring a wooden frame or wood components. The Company, which has offices in Quebec City and Saguenay, also has expertise in project management.
Atrium Innovations Inc. announces that its shareholders and convertible debentureholders have approved the resolution authorizing the previously announced plan of arrangement providing for the acquisition of all the outstanding Atrium shares for cash consideration of $24.00 per common share by corporations backed by the Permira funds and the acquisition by the Corporation of all of its outstanding convertible debentures. Pursuant to the Arrangement, Atrium’s senior management will be rolling over up to approximately $8 million of equity investment in the Corporation.
Desjardins Group, the leading cooperative financial group in Canada, and State Farm®, the largest P&C mutual insurance company in the United States, today announced that they have entered into a definitive agreement under which Desjardins Group will purchase State Farm Canada’s businesses in property and casualty and life insurance, as well as its Canadian mutual fund, loan and living benefits companies.
Mere months away from its official public opening, Complexe Capitale Hélicoptère is very proud to announce the appointment of Gabriel Savard to the position of Chief Executive Officer. In addition to occupying this position, Mr. Savard will also assume the presidency of GoHelico, a firm that for the past year has developed helicopter tours and excursions in the skies over Quebec City.
Aeterna Zentaris announces the closing of its previously announced public offering of 11.0 million units generating net proceeds of approximately US$12.2 million, with each unit consisting of one common share and 0.8 of a warrant to purchase one common share, at a purchase price of US$1.20 per unit. Each warrant is exercisable for a period of five years at an exercise price of US$1.25 per share. Canaccord Genuity Inc. acted as the sole book-running manager, and Maxim Group LLC, H. C. Wainwright & Co., LLC and MLV & Co LLC acted as co-managers for the Offering.
Amongst the contracts announced today, two of them are major contracts awarded by a leading independent energy company engaged in the exploration, development and production of natural gas and oil in North America. These two contracts will see H2O Innovation design, build and commission a potable water treatment package as well as a wastewater treatment package for a 2,300 person workers camp in Northern Alberta.
Thanks to this joint initiative, Université Laval researcher Yves De Koninck and his team will be able to pursue the development of the many scientific discoveries and advances they have made in the last 10 years. Dr. De Koninck is a Professor in Université Laval’s Faculty of Medicine, Scientific Director of the Institut Universitaire en Santé Mentale de Québec, and an internationally renowned expert in the fields of neurology and neurophotonics.
Aeterna Zentaris announced the appointment of Richard Sachse, MD, PhD, as Senior Vice President, Chief Scientific Officer. Before joining Aeterna Zentaris, Dr. Sachse was Vice President, Head of Global Translational Medicine at Boehringer Ingelheim.
Trailer manufacturer Manac Inc. (TSX: MA) has received, from long time client Train Trailer Rentals, what is believed to be the largest Canadian trailer order ever. "700 vans, one order, one basic specification is, to the best of my knowledge, the largest Canadian trailer order ever seen by any manufacturer. Our ability to secure this business from Train Trailer Rentals is based on years of collaboration and mutual support. It is also a tribute to our employees' commitment to providing a cost competitive product, the solid design of our UltraPlate model and an excellent level of service." says Charles Dutil, President of Manac.
Atrium Innovations announces that it has entered into a definitive arrangement agreement with a company backed by the Permira funds whereby the Permira funds will acquire all the issued and outstanding common shares of Atrium, other than the shares to be rolled over by Fonds de solidarité FTQ and Caisse de dépôt et placement du Québec, for $24.00 in cash per Share. Upon completion of the transaction, Atrium will be jointly owned by the Permira funds (75%), the Fonds (12.5%) and CDPQ (12.5%), before management equity programs.
The U.S. government has for the first time approved an adjuvanted vaccine to protect against H5N1 bird flu. The vaccine was made by Quebec City-based ID Biomedical, a subsidiary of pharmaceutical giant GlaxoSmithKline. The approval was announced by the Food and Drug Administration, which regulates vaccines in the United States. The vaccine will not be available commercially; it will be placed in the U.S. government’s emergency stockpile.
EXFO is proud to contribute to the effort given to rebuild the Philippines' infrastructures which have been destroyed by the typhoon, Haiyan, on November 8th. In collaboration with our local distributor, Access Frontier, EXFO will donate testing units to local operators PLDT (Philippine Long Distance Telephone) and Globe Telecom. These units including our OTDR (Optical Time Domain Reflectometer) and OSA (Optical Spectrum Analyzer) will help telecommunication companies detect and analyze network failures. It is very important to get networks up and running quickly to help the victims reconnect with their families.
Aeterna Zentaris announces that it has submitted a New Drug Application to the U.S. Food and Drug Administration for its ghrelin agonist, macimorelin acetate (AEZS-130). Phase 3 data have demonstrated that the compound has the potential to become the first orally-approved product that induces growth hormone release to evaluate adult growth hormone deficiency, with accuracy comparable to available intravenous and intramuscular testing procedures.
Pierre Longtin, President of Nyx Hemera Technologies is pleased to announce an agreement with Anker Solutions AS to promote Nyx’s Tunnel Lighting Addressable Control System (TLACS) in Norway. The TLACS is one of the most technologically advanced tunnel lighting control systems on the market. It is already installed in one of the longest tunnels in the world: the Kallang – Paya Lebar Expressway in Singapore. It is also in operation in several tunnels across Canada and in the United States.
In its continuing effort to identify, evaluate, and implement risk-based security solutions, the Department of Homeland Security (DHS) Transportation Security Administration (TSA) has awarded a contract to Optosecurity Corporation under the Transportation Security Innovative Concepts Broad Agency Announcement. Under this contract, Optosecurity will provide TSA with OptoScreener and eVelocity, advanced detection and screening management software and hardware to be installed and tested in various TSA evaluation locations.
Québec International's mission is to contribute to the economic development of the Québec City metropolitan region and enhance its international status. As a regional economic development agency, Québec International fosters growth and development, supports key business sectors and attracts talent and investment to the region. The agency is supported by public and private partners; particularly with the financial support from the Government of Québec (ministère de l'Économie, de l'Innovation et des Exportations, Emploi-Québec, Secrétariat à la Capitale-Nationale/National Capital office), Economic Development Canada and the Ville de Québec.