ARCHIVED - Economic Action Plan supports semiconductor innovation in British Columbia
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Minister Gary Lunn announces investment to help Redlen Technologies develop leading-edge technology
June 24, 2010 —
Saanichton, British Columbia — The Honourable Gary Lunn, Minister of State for Sport and Member of Parliament for Saanich-Gulf Islands, on behalf of the Honourable Gary Goodyear, Minister of State (Science and Technology), today announced a contribution of $747,355 to Redlen Technologies Inc. from the NRC Industrial Research Assistance Program (NRC-IRAP).
The funding supports innovative research and development projects that will assist Redlen Technologies in developing high-tech solutions for global markets.
"Our government is investing in science and technology to create good jobs, strengthen the economy and improve Canadians' quality of life," said Minister Lunn. "This government is supporting Canadian firms that successfully develop and apply innovative technologies. Canada's Economic Action Plan is supporting scientific research and commercialization, while creating good jobs and economic growth."
The contribution to Redlen Technologies Inc. will support the company in refining a proprietary process that produces semiconductor radiation detectors used in medical and security imaging. These detectors will be more sensitive and less expensive to produce, thereby allowing more hospitals access to the equipment needed to assist in detecting diseases earlier and more accurately.
During the event, Minister Lunn also presented a Canadian Innovation Leader Certificate to Redlen Technologies Inc. to highlight their success as innovative Canadian firms that has successfully linked scientific research to commercialization, jobs and economic growth.
Founded in 1999, Redlen Technologies Inc. is a leading manufacturer of high resolution Cadmium Zinc Telluride (CZT) semiconductor radiation detectors, which make possible a new generation of high performance detection and imaging equipment, including nuclear cardiology, CT scanning, baggage scanning and ‘dirty bomb' detection.
"NRC-IRAP has been highly supportive over many years of Redlen Technologies in its quest to manufacture world-leading radiation detectors and photovoltaic products," said Mr. Glenn Bindley, CEO of Redlen Technologies.
Canada's Economic Action Plan provided new resources of $200 million to the National Research Council's Industrial Research Assistance Program over two years to support innovative Canadian firms. To learn more, visit Canada's Economic Action Plan website.
About NRC and NRC-IRAP
The Industrial Research Assistance Program provides a range of both technical and business-oriented advisory services along with necessary financial support to qualified innovative Canadian small and medium-sized enterprises.
The program is delivered by a field staff of 240 professionals in more than 100 communities across Canada. The National Research Council is committed to working with small and medium-sized enterprises while they realize their full potential, turning knowledge and innovation into strategic opportunities, jobs and prosperity for all Canadians.
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Enquiries: Media relations
National Research Council of Canada
613-991-1431
media@nrc-cnrc.gc.ca
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