(Press release from FedDev Ontario.)
Today, FedDev Ontario Minister Gary Goodyear announced an important investment of up to $100,000 in OZ Optics Limited, a worldwide supplier of fiber optic products for optical networks.
OZ Optics Limited will use the funding to automate and optimize a laser writing process. This will allow the company to manufacture better devices and at a faster rate. It will also help develop new devices for advanced applications.
“For 30 years, OZ Optics has led the way in fiber optics components, test equipment and sensors, not just for telecommunications, but also for biomedical, industrial, energy, and research sectors. To do so, it has and must continuously invest in research and development, creating new products and new, better ways to manufacture these products. The SMART program gives OZ Optics and other companies the resources and ability to continue that work, ensuring that Canada plays a leading role in the global economy, both now and in the future,” said Garland Best, Vice President, Components, OZ Optics Limited.
In addition to designing and manufacturing components and test equipment for fiber optics markets, the company offers fiber optic sensor systems for remote monitoring of oil and gas pipelines, wells, refineries, bridges, dams and other large structures, security fences and for fire detection.
This is the first project announced through the Harper Government’s joint partnership with Canadian Manufacturers & Exporters’ (CME) SMART Advanced Technologies for Global Growth program, which opened on December 1, 2014.
“Our Government remains committed to helping our manufacturers expand their operations, invest in productivity improvements and adopt advanced technologies. I am proud to make the first funding announcement for OZ Optics Limited through the CME’s SMART Advanced Technologies for Global Growth program,” said Gary Goodyear, Minister of State for FedDev Ontario.
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