FedDev Ontario investment sparks growth for SigmaPoint Technologies
$1 million for major Cornwall employer to boost manufacturing capacity, support made-in-Canada production and add 12 highly-skilled jobs
March 2, 2021 – Cornwall, Ontario
As Ontario’s economy evolves and recovers from the impact of COVID-19, many manufacturers in the region are embracing technology to seize new opportunities, become more productive and stay competitive. Manufacturers are working hard to maintain skilled workforces that support good, local jobs and produce top-quality goods, while finding opportunities to grow at home and expand abroad.
Scaling up capacity to reach new markets and re-shore manufacturing to Canada
Today, Kate Young, Parliamentary Secretary to the Minister of Economic Development and Official Languages, announced a FedDev Ontario repayable contribution of up to $1 million to scale up production at SigmaPoint Technologies Inc. (SigmaPoint)—one of Canada’s largest Electronic Manufacturing Services (EMS) providers. At the forefront of lean manufacturing, SigmaPoint is reinforcing its commitment to keep electronic manufacturing in Canada and support the production of Canadian-made products, demonstrating to other EMS providers how to boost efficiency and keep or return production to Canada. The announcement was made on behalf of the Honourable Mélanie Joly, Minister of Economic Development and Official Languages and Minister responsible for FedDev Ontario.
SigmaPoint supplies end-to-end assembly services for specialized electronic and technology products, such as servers that enable high-speed internet for global connectivity and critical monitoring equipment for nuclear power stations. With FedDev Ontario support, SigmaPoint will improve and expand its production capacity by acquiring Industry 4.0-ready equipment and adopting lean manufacturing principles. The equipment will offer real-time analytics, helping the company to understand where and when bottlenecks occur, which will improve the overall speed of the operating line. This serves to increase product output from 35 to 50 percent, while maintaining the highest quality.
As one of Cornwall’s major employers, this project will help SigmaPoint grow its team to 370 employees by adding 12 high-quality jobs, primarily in the fields of science, technology, engineering and math.
“Today’s announcement for SigmaPoint demonstrates our government’s commitment to keep businesses thriving and moving forward in the face of this pandemic. We are doing our part to help our rural manufacturers boost production and strengthen our domestic supply chains, while creating high-quality jobs that will attract unique talent to Cornwall.”
- Kate Young, Parliamentary Secretary to the Minister of Economic Development (FedDev Ontario) and Official Languages
“Now is a critical time for us to have the backs of our businesses and workers, ensuring they get through this crisis and are well-positioned to succeed in our economic recovery. Our government is proud to invest in SigmaPoint, strengthening our rural economy while creating high-quality jobs close to home in Eastern Ontario.”
- The Honourable Mélanie Joly, Minister of Economic Development and Official Languages and Minister responsible for the Federal Economic Development Agency for Southern Ontario
“With support from FedDev Ontario, SigmaPoint will expand capacity, simplify our local supply chain, implement Industry 4.0 Lean Manufacturing and be at the forefront of creating a Smart Factory Lean Enterprise. We are proud of our people, our community and the opportunity to have the Government of Canada recognize SigmaPoint’s efforts to grow advanced manufacturing jobs locally.”
- Dan Bergeron, President and Chief Executive Officer, SigmaPoint Technologies Inc.
Advanced manufacturing has contributed to a large share of job creation, accounting for half of the approximately 45,000 skilled jobs created in Ontario since 2010.
SigmaPoint Technologies Inc. supplies computer, telecommunications, defence, alternative energy, medical, industrial and transportation markets.
As part of a recent national effort to produce Canadian-made ventilators, SigmaPoint partnered with the Government of Canada and CAE Inc. to fill an order of 10,000 ventilators for hospitals across Canada to use in the fight against COVID-19.
FedDev Ontario’s investment will leverage an additional $5.9 million in provincial and private sector funding.
FedDev Ontario has previously provided more than $1 million in support for SigmaPoint Technologies through repayable contributions to add a new high-speed production line at its Cornwall facility and to stimulate growth for the company and the rural Eastern Ontario economy.
Since November 2015, FedDev Ontario has invested $555.7 million in 322 manufacturing projects across southern Ontario.
Press Secretary, Office of the Minister of Economic Development and Official Languages
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