The Government of Canada has announced a contribution to CVD Diamond Corp. from the National Research Council of Canada Industrial Research Assistance Program (NRC-IRAP) to support an innovative research and development project that will assist in developing technology to improve manufacturing processes that reduce costs and improve efficiency.

"Our government is committed to building a competitive advantage for the Canadian private sector and supports these leading-edge technology solutions," said MP Joe Preston. "The Government of Canada is investing in science and technology to create jobs, strengthen the economy and improve Canadians' quality of life."

This $143,984 contribution will support the London-based company in researching, developing and commercializing state-of-the-art diamond-coating technologies for milling ends and other cutting tools.

"Investing in science and technology is critical for developing highly skilled people and improving the long-term competitiveness of Canadian firms," said NRC president Pierre Coulombe. "That's why NRC-IRAP is helping innovative Canadian businesses such as CVD Diamond grow stronger, faster and bigger."

CVD Diamond's products are used for machining a wide range of materials, including graphite, composites, carbon fibre, fiberglass, ceramics and abrasive aluminum alloys.

"NRC-IRAP is playing an important role in the success of the company," said Joe Brennan, president and CEO of CVD Diamond. "The financial support we are receiving from NRC-IRAP will help us continue to innovate high-tech solutions for the global marketplace."
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www.cvddiamond.com