Investissement Québec, Canada Economic Development and Ministère de l’économie et de l’innovation Invest $2.5 Million in Reflex Photonics

Investissement Québec, Canada Economic Development and Ministère de l'économie et de l'innovation Invest $2.5 Million in Reflex Photonics
Investissement Québec, Canada Economic Development and Ministère de l'économie et de l'innovation Invest $2.5 Million in Reflex Photonics

From left to right:

Me Jean-René Paquette, VP, Legal Affairs, West Island Montreal Chamber of Commerce
Mr. Monsef Derraji, Member of Québec Parliament for Nelligan
Mr. Michel Gibson, Mayor of Kirkland
Mr. Noël Dubé, President and CEO -Reflex Photonics
Mr. Francis Scarpaleggia, Member of Parliament for Lac-Saint-Louis
Mr. Jocelyn Beauchesne, VP Réseau régional d’Investissement Québec
Mr. Alain Denis, VP principal aux investissements - Capital de risque Fonds de solidarité FTQ

Mr. Tullio Panarello, Executive President -Reflex Photonics

Provincial support

Pierre Fitzgibbon, Minister of the Economy and Innovation and Minister responsible for the Lanaudière region, announced that the Government of Quebec will contribute $2,120,000 to Reflex Photonics for two projects that will allow the company to increase its productivity and strengthen its competitiveness.

The first project involves the acquisition of equipment to complete the implementation of a manufacturing line integrating automated operations. To carry out this project, Investissement Québec, as agent of the Ministère de l'Économie et de l'Innovation (MEI), is contributing $597,500 through the Economic Development Fund (innovative manufacturing) and is also providing a $597,500 loan from its own funds.

The second project focuses on the development of a new generation of transceivers for the aerospace markets. To carry out this project, MEI is providing $925,000 through the Créativité Québec program.

Federal support

To help it maintain its momentum, the Reflex Photonics has been awarded a $500,000 repayable contribution from Canada Economic Development for Quebec Regions. This financial assistance will allow Reflex Photonics to acquire specialized state-of-the-art equipment, including an error rate tester and analysis software, as well as process automation equipment.

The funding was announced by the Member of Parliament for Lac-Saint-Louis, Francis Scarpaleggia. Specifically, this Government of Canada assistance will allow Reflex Photonics Inc. to meet the growing demand of prime contractors, increase its production and ensure better quality control of its products.