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$115,000 in financial assistance to Spytronic Security, a Montréal-based company

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$115,000 in financial assistance to Spytronic Security, a Montréal-based company

Canada NewsWire

MONTRÉAL-NORD, July 31, 2018 /CNW Telbec/ - Canada Economic Development for Quebec Regions (CED)

In 2017, the Government of Canada introduced a plan to help innovative businesses to succeed and commercialize their products internationally. Thanks to a repayable contribution of $115,000, Spytronic Security Inc., a distributor of surveillance and security equipment, will be able to boost its production capacity and commercialize its new speech protection technology in Brazil, the United States, France, Qatar, Singapore and Russia.

This announcement was made by Emmanuel Dubourg, Member of Parliament for Bourassa, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for CED.

Established in 2004, Spytronic Security offers hidden cameras, digital audio and video recording devices, tracking devices and security accessories. With extensive acquired experience in the field of security, the company has recently developed an innovative speech protection device that generates a range of acoustic and ultrasound frequencies.

In addition to the prototyping, proving and certification of the technology, the funds awarded under CED's Quebec Economic Development Program will enable the enterprise to participate in specialized trade fairs, make contacts, train potential distributors and prospect for new clients. It will also be able to design a Web platform and promotional tools.

Quotes

"The Government of Canada is backing firms' capacity for innovation and drive for expansion in support of national economic growth. By underwriting Spytronic Security, we are giving a boost to the development of this enterprise, which has made ingenuity the cornerstone of its business plan. This project will succeed in creating qualified jobs in the Montréal region."

Emmanuel Dubourg, Member of Parliament for Bourassa

"By adopting an Innovation and Skills Plan, the Government of Canada has conceived an ambitious approach for supporting innovative Canadian enterprises that find new ways of creating value and that strive to conquer new markets. This constitutes a firm commitment to the creation of sustainable jobs and community prosperity."

The Honourable Navdeep Bains, Minister responsible for CED

Quick facts

  • CED is one of six regional development agencies under the responsibility of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development.
  • This year marks the 50th anniversary of federal regional economic development in Quebec: half a century of concrete action dedicated to the development of the regions and local businesses.
  • For more information on CED and its priorities, consult the 2018-2019 Departmental Plan or visit www.dec-ced.gc.ca

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SOURCE Canada Economic Development for Quebec Regions

View original content: http://www.newswire.ca/en/releases/archive/July2018/31/c3001.html

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