Dartmouth Firm Expanding Facility to Meet Growing Demand for its Remote Monitoring Devices
January 15, 2015 – Dartmouth, NS – Atlantic Canada Opportunities Agency
With business on the rise, Xeos Technologies Inc. (Xeos) of Dartmouth is expanding its facility. Gerald Keddy, Parliamentary Secretary to the Minister of National Revenue and for the Atlantic Canada Opportunities Agency, on behalf of the Honourable Rob Moore, Minister of State (ACOA), announced Government of Canada support for the expansion today.
Xeos began in 2004 when three engineers decided to pool their expertise in electrical engineering, mechanics, software development and manufacturing. The result was a new Nova Scotian technology company focused on wireless monitoring solutions. Working from a small facility in Bedford, Xeos began designing hardware and software to remotely monitor equipment, processes and people. They quickly captured the attention of science and security markets with their durable beacons, trackers and transmitters, designed for harsh environments and tested in the North Atlantic Ocean.
One year ago, Xeos purchased a larger building in Dartmouth to house the growing business. By the time they made the move, they'd grown faster than expected and were soon at full capacity. The space constraint was limiting their growth and making it difficult to keep up with the demand for their products.
With support from the Government of Canada, through ACOA, Xeos is now expanding its Dartmouth facility to accommodate their ongoing growth. The expansion project will create additional production and lab space as well as office space for an application engineer and business development hires.
The Government of Canada is providing a $153,000 repayable contribution to the project, through ACOA’s Business Development Program (BDP).
Quick Facts:
- Xeos employs a dedicated staff of 15 engineers, technologists, technicians, production and support staff.
- Xeos has developed a sales network of 22 distribution partners in 34 countries.
- The company designs and manufactures telemetry equipment for some of the most remote regions on the planet.
- Standard oceanographic products are rated to the deepest part of the ocean—11,000 metres below sea level.
- In December 2014, Xeos announced its first shipment of products to China.
Quotes:
“Xeos Technologies has experienced significant growth over the past few years, thanks to innovative product development, diversification and a commitment to exceptional service. Our Government is pleased to support the expansion of Xeos, enabling them to maintain their growth trajectory and create new jobs. Innovation is critical to Atlantic Canada’s economic success and our Government is committed to encouraging innovation that will increase the productivity, growth and competitiveness of businesses in the region.”
- Gerald Keddy, Parliamentary Secretary to the Minister of National Revenue and for the Atlantic Canada Opportunities Agency and Member of Parliament for South Shore-St. Margaret’s, on behalf of the Honourable Rob Moore, Minister of State (ACOA)
"Xeos is very pleased to receive support from the Federal Government for the expansion of our facility. As the result of hard work from dedicated Xeos staff along with the efforts of its worldwide distribution network, Xeos has experienced rapid growth in the last few years. It is this sales growth that necessitated an expansion in space and staff. This expansion will allow us to improve our production facility and additional lab space for designing and manufacturing our world class ocean tech products. It is Xeos's spirit of innovation in continuing to develop new products to solve remote telemetry problems that will propel our growth into the future."
- Derek Inglis, President & CEO, Xeos Technologies Inc.
Associated Links:
Contacts:
Kelsie Corey
Director of Communications
Office of the Minister of State
Atlantic Canada Opportunities Agency
613-941-7241
Alex Smith
Director, Communications and Outreach
Atlantic Canada Opportunities Agency
902-426-9417/902-830-3839 (cell)
E-mail: Alex.Smith@acoa-apeca.gc.ca
Derek Inglis
President and CEO
Xeos Technologies Inc.
902-444-7650
E-mail: derek@xeostech.com
