Hanatech Develops New Software Solution, Expands to Larger Market
News release
Bedford-based tech company plans to create jobs, expand market with new IoT program
August 22, 2019 – Bedford, NS – Atlantic Canada Opportunities Agency
Innovation is about new ideas and approaches that help grow our economy, create good jobs and improve the quality of life of all Canadians. That is why the Government of Canada is supporting Hanatech IoT Inc. to commercialize a new “Internet of Things (IoT)” software solution and scale their business to a larger market.
Hanatech specializes in IoT solutions, utilizing sensors and meters to collect and analyze data on a real-time basis. The data is then presented in its proprietary business intelligence platform at OneSmartView.com, helping businesses improve efficiency, profitability, and help resellers create new revenue streams. To begin its market expansion outside the Atlantic region, the company recently hired a Regional Manager for Ontario with related technology and market expertise.
Darrell Samson, Member of Parliament for Sackville – Preston – Chezzetcook, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for the Atlantic Canada Opportunities Agency (ACOA), today announced Government of Canada support for this project.
Economic growth and the creation of good jobs for Atlantic Canadians require innovation and diversification. Support for this project is one way the Government of Canada is working to support businesses to scale-up, increase productivity and participate in the innovation economy. Projects like this also contribute to the Atlantic Growth Strategy outcome of long-term economic prosperity in the region.
Quotes
“We are building on Atlantic Canada’s competitive advantages, such as its growing innovation ecosystem and its skilled workforce, by supporting small firms like Hanatech. They help drive business growth and create highly skilled jobs, making our communities, and our country, stronger.”
- The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for ACOA
“Hanatech is another great example of an innovative, specialized technology company growing and providing great jobs here in Nova Scotia. Our government is delighted to support this IoT firm to help it promote its new software solution and expand into new markets.”
- Darrell Samson, Member of Parliament for Sackville – Preston – Chezzetcook
“Hanatech is very pleased to receive ACOA’s support for our market expansion initiatives, enabling us to grow quickly and create jobs in the region. ACOA and the Government of Canada play an important role in helping companies like Hanatech reach critical mass and enhance prosperity in Atlantic Canada.”
- Chuck Lienaux, CFO & Co-Founder, Hanatech IoT Inc.
Quick facts
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Hanatech is a clean tech software company that specializes in “Internet of Things” (IoT) and information technology (IT) services.
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By launching their software, Hanatech plans to create an additional 70 jobs in Atlantic Canada and generate annual revenues of over $50 million from the North American market within 5 years.
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The Government of Canada, through ACOA’s Regional Economic Growth through Innovation program, provided two contributions totaling $425,000 towards these projects, including:
o A $375,000 investment to support market expansion and commercialization activities; and,
o A $50,000 investment for engaging lead generation expertise sales support.
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The Business Scale-up and Productivity stream of the REGI program supports businesses at various stages of development, including high-growth firms, to accelerate their growth, help them scale up and enhance their productivity and competitiveness in both domestic and global markets.
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The REGI program continues to build on the objectives of the government’s Innovation and Skills Plan.
Associated links
Contacts
Chris Brooks
Director, Communications and Outreach
Atlantic Canada Opportunities Agency
902-426-9417 / 902-830-3839 (cell)
chris.brooks@canada.ca
Chuck Lienaux
CFO & Co-founder
Hanatech IoT Inc.
902-801-7922 ext. 99 / 902-237-9909 (cell)
clienaux@hanatechiot.com
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