Today dear Harjit S. SajanMinister for International Development and Minister in charge of the Economic Development Agency Pacific Canada (PacifCan) announced a $7 million award to two innovative companies operating in the clean and digital technology and advanced manufacturing sectors.
Minister Sajjan made a statement at the premises of FPS Food Process Solutions (FPS), richmond which supplies individual freezing and refrigeration equipment for the food industry.
The Minister announced the allocation of $ 2 million to the company as part of the Business Growth and Productivity (BPC) program. With this funding, FPS will commercialize its Spiral Immersion System technology. This technology speeds up freezing and reduces energy consumption. These investments are expected to lead to increased sales and revenues, as well as the creation of 40 new jobs.
Minister Sajan also announced $5 million in funding for UEY’s RecycleSmart program. The company develops and installs advanced cloud-based waste sensor and recycling container systems that improve the processes and efficiency of waste production.
With this funding, RecycleSmart will commercialize its Pello waste management system and expand production. This system uses wireless sensors and cloud computing to track trash data. As a result of this project, the company plans to create 50 new jobs.
Promoting innovation is a priority for Pacifican. These investments will create jobs and growth in clean and digital technologies and advanced manufacturing sectors, and create jobs for Canadians.
“British Columbia’s business innovation benefits not only our country, but the world. With this funding, we are helping these innovative companies improve their products while driving economic growth and creating good jobs for Canadians. »
– The Hon. Harjit S. SajanMinister for International Development and Minister in charge of the Economic Development Agency Pacific Canada
“This recognition motivates us not only to strive for excellence in the British Columbia food industry, but to ensure that this technological breakthrough establishes FPS as a local innovator with a global reach. »
– Geoffrey ChangPresident, FPS Food Process Solutions Corp.
“With the support of PacifiCan, we will be expanding RecycleSmart engineering and manufacturing teams to bring our Canadian-made smart waste management platform to the North American market. »
– Colin BellChief Innovation Officer, RecycleSmart
“Innovation lives in communities across British Columbia and right here in richmond. PacifCan plays a key role in supporting these businesses as they work to stimulate the economy and create jobs. »
– Parma bathsMP for Steveston-Richmond East
“At Pacifican, companies like FPS Food Process Solutions and RecycleSmart have a new leader. I look forward to seeing their continued growth and prosperity. »
– Wilson Miaodeputy richmond-Center
- PacifiCan is a regional development agency based in British Columbia. PacifCan encourages the growth and diversification of the BC economy by strengthening innovation, enhancing business competitiveness and promoting inclusive growth.
- The Business Growth and Productivity (BPC) program makes strategic investments in key economic sectors to help innovative businesses accelerate their growth and compete in the global marketplace.
I look forward to their continued growth and prosperity.
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SOURCE Canada’s Economic Development for the Pacific
For more information: Hayley Hodgson, Press Secretary, Office of the Secretary of State for Economic Development, [email protected]; Ben Letts Communications Manager, Canadian Economic Development for the Pacific, [email protected];Toll Free: 1-888-338-9378; TTY (Telecommunications Device for the Hard of Hearing): 1-877-303-3338