HRT Industries, Trafic Innovation receive $292K in federal funding
August 21, 2017 by Manufacturing AUTOMATION
Aug. 21, 2017 – The Canadian government is investing a total of $291,500 to support two Quebec manufacturing enterprises.
The financial assistance, they say, will help strengthen dozens of jobs and create around five new ones for local residents.
An investment of $175,000 will enable HRT Industries to acquire state-of-the-art equipment, namely four CNC machining centres. A subsidiary of FusiA Groupe, HRT Industries will be able to integrate itself into FusiA Groupe’s 3D digital modelling manufacturing cell. The project, it says, will contribute to the development of Quebec’s expertise in 3D manufacturing, a process that is emerging globally and holds tremendous promise for the future.
Trafic Innovation has been awarded $116,500 in financial assistance. The business will be able to launch a commercialization strategy in Latin America for its innovative products, including its flagship product, the DEFLEX delineator, made with a polymer blend capable of absorbing repeated impact forces and returning to its original shape and smart LED traffic signs.
The funding, in the form of repayable contributions, has been granted through CED’s Quebec Economic Development Program (QEDP), under the Government of Canada’s broader Innovation and Skills Plan.