Trois-Rivières, Quebec, November 26, 2007 The Honourable Jean-Pierre Blackburn, Minister of Labour and Minister of Canada Economic Development, took the opportunity while in the region today to announce that the firm Extravision Vidéo Technologies Inc. will receive $288,000 in government funding, $57,600 of it in the form of a non-repayable contribution, to carry out an international commercialization strategy on a technology-based product derived from research and development.
Founded in 1998, Extravision Vidéo Technologies Inc. specializes in the manufacture, integration and development of perimeter security and monitoring systems. This innovative company produces state-of-the-art software to protect strategic sites like nuclear facilities, chemical plants and airports.
This contribution from Canada Economic Development will enable the firm to hire five new employees to handle international market development, improve its corporate website, design new promotional tools and carry out prospecting missions abroad. With this project, Extravision Vidéo Technologies Inc. expects to create 18 new skilled jobs over the next two years.
"Innovating, making use of leading-edge technology and designing distinctive products are key building blocks of the kind of strong and vigorous economy the Government of Canada is trying to achieve with the Advantage Canada strategic plan. The measures contained in this plan include, among other things, investments of $9.2 billion in research and technology over the next year. By lending our support to Extravision Vidéo Technologies, we are helping to strengthen the high-tech, information and communications technologies sector, an area flagged as a major priority by our Mauricie business office," stated Minister Blackburn.
"We are extremely pleased and proud that Canada Economic Development recognizes and is willing to support the international marketing potential of our products and services. At a time when our prosperity hinges increasingly on the knowledge economy, we believe that the commercialization of softwareparticularly software created in such targeted niches as perimeter securityoffers huge potential for promoting and showcasing our know-how," noted Extravision Vidéo Technologies President André Fiset. "I am convinced that this assistance from Canada Economic Development, coupled with our commercialization strategy, will give rise to new business opportunities and allow us to grow in an expanding world market," he concluded.
This contribution from Canada Economic Development has been awarded through the Community Economic Diversification InitiativeVitality (CEDI-Vitality).
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Sources:
Lyne Montpellier
Communications
Canada Economic Development
Tel.: 819-371-5182
E-mail: lyne.montpellier@dec-ced.gc.ca
Jean-Philippe Payment
Press Secretary
Office of the Honourable Jean-Pierre Blackburn
Canada Economic Development
Tel.: 819-953-5646
Cell.: 613-808-8309
E-mail: jeanphilippe.payment@hrsdc-rhdsc.gc.ca
