July 21, 2015 – North Bay, ON
Foraco Canada Ltd. will receive up to $170,000 in funding through NRC-IRAP to support the continued development of a data acquisition system to capture and record essential production data from a drilling rig. The collected data will be used to create and implement best practices for drilling under different conditions, as well as increasing the overall productivity and the safety of crews and rigs.
Jay Aspin, Member of Parliament for Nipissing-Timiskaming, along with the Honourable Ed Holder, Minister of State (Science and Technology), today announced the investment through the National Research Council of Canada’s Industrial Research Assistance Program (NRC-IRAP).
Established in 2006 with headquarters in North Bay, Ontario, Foraco Canada Ltd. is a subsidiary of Foraco International SA (TSX: FAR), a global mineral drilling services company providing reliable service offerings in the mining and water industries.
“Our government is strongly committed to initiatives that support science, technology and Canadian industry. Like so many companies in North Bay and the surrounding Nipissing-Timiskaming region, Foraco Canada and their innovative work is critical to the Canadian economy. Our government will continue to put in place the tools that Canadian businesses need to grow, create jobs and secure long-term prosperity.”
Jay Aspin, Member of Parliament for Nipissing — Timiskaming
“As outlined in our government’s science, technology and innovation strategy, we are harnessing the power of science and technology to create jobs and opportunities and to improve the quality of life of Canadians. Through the National Research Council of Canada’s industry-driven approach, Canadian businesses are becoming more innovative and competitive globally while creating jobs locally.”
Ed Holder, Minister of State (Science and Technology)
NRC-IRAP funding has allowed Foraco to aggressively move forward with our research and development initiatives. This will not only provide a competitive advantage in a mature market such as Canada, it also allows us to export best practices throughout the Foraco world to better service our clients.”
Tim Bremner, Senior Vice-President-North America, Foraco International SA
Media Relations Team
National Research Council of Canada
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Scott French
Director of Communications and Parliamentary Affairs
Office of the Minister of State (Science and Technology)
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