Government of Canada invests in aerospace security
September 10, 2009 By Market Wire
Sept. 10, 2009, Vancouver – Yesterday Mr. Ed Fast, Member of Parliament, on behalf of the Honourable Tony Clement, Minister of Industry, announced significant investments in Canada's aerospace and defence sector by confirming $200 million in funding for the Strategic Aerospace and Defence Initiative.
Sept. 10, 2009, Vancouver –Yesterday, Mr. Ed Fast, Member of Parliament for Abbotsford, on behalf of the Honourable Tony Clement, Minister of Industry, announced significant investments in Canada's aerospace and defence sector by confirming $200 million in funding for the Strategic Aerospace and Defence Initiative (SADI) and announcing a repayable investment of $1.8 million in research and development being undertaken by AXYS Technologies Inc.
"These funds will help Canadian companies build on their existing capabilities, diversify into new areas of expertise and develop new products and services," said Mr. Fast. "The SADI investment in AXYS Technologies builds on Canadian expertise in security technologies while helping the company to play a vital role in the growing maritime security market."
The AXYS Technologies' Port Waterside-Communications and Networked Data Unification project will work to collaborate data from various monitoring and surveillance sources to provide comprehensive real-time information. This technology will help defence and security organizations, port operators and other stakeholders to improve maritime security and respond promptly to security incidents such as illegal shipping, discharge of pollutants at sea, oil spills and severe weather threats.
SADI supports strategic industrial research and pre-competitive development projects in the aerospace, defence, space and security industries. SADI is managed by the Industrial Technologies Office, a special operating agency of Industry Canada with a mandate to advance leading-edge research and development by Canadian industries.