Today, FedDev Ontario Minister Gary Goodyear announced an important investment of up to $100,000 in OZ Optics Limited, a worldwide supplier of fiber optic products for optical networks.
OZ Optics Limited will use the funding to automate and optimize a laser writing process. This will allow the company to manufacture better devices and at a faster rate. It will also help develop new devices for advanced applications. In addition to designing and manufacturing components and test equipment for fiber optics markets, the company offers fiber optic sensor systems for remote monitoring of oil and gas pipelines, wells, refineries, bridges, dams and other large structures, security fences and for fire detection.
This is the first project announced through the Harper Government's joint partnership with Canadian Manufacturers & Exporters' (CME) SMART Advanced Technologies for Global Growth program, which opened on December 1, 2014.
News Release: Facilitating Adoption of Advanced Technologies
Announcement: CME SMART Program Funding Announcement for OZ Optics Limited
Communiqué de presse: http://nouvelles.gc.ca/web/article-fr.do?nid=967239&_ga=1.171446693.469848741.1438354919
(Left to right): Garland Best, Vice-President Components, OZ Optics Ltd., and the Honourable Gary Goodyear, Minister of State for FedDev Ontario, on a tour of the manufacturing floor at OZ Optics Ltd.
Source: Pinpoint (http://www.feddevontario.gc.ca/eic/site/723.nsf/eng/02209.html)