Canadian Aerospace Integrator to Launch $60 Million Investment Plan for
Development of Innovative Flight Simulation Training Equipment
MONTREAL, Oct. 25 /PRNewswire/ - The Honourable Tony Clement, Minister of Industry, today announced a repayable investment of $18.6 million from the Strategic Aerospace and Defence Initiative (SADI) program to Mechtronix Systems Inc., an MWC company, a world leading manufacturer of Flight Simulation Training Devices (FSTD). This will allow Mechtronix to launch a $60 million investment in R&D over a period of 5 years; the aim is to increase R&D capabilities and offer new technologies for game-changing flight simulator training products. This project was named NOVA after the word "innovation" which is at the core of Mechtronix philosophy and culture. With the funding, Mechtronix will continue to offer the most innovative flight simulation solutions to the aerospace industry reinforcing their position on the market. These developments will also lead to the creation of new job opportunities in the R&D department.
"Mechtronix is a key player in the Canadian aerospace industry; it is very important to invest in such innovators and enable them to keep developing flight training solutions", explained the Honourable Tony Clement, Minister of Industry. "This funding will allow Mechtronix to increase their in-house R&D capabilities and continue to strengthen their worldwide presence."
"We are very grateful to the Canadian Government showing once again their constant support and trust in our sector and more especially in our R&D capabilities," added Fernando Petruzziello, CEO and Chairman of MWC. "Our global expansion, including in emerging markets, led us to be considered as an established player in the aviation training and simulation market; it is therefore essential that we lead the way by exceeding the current industry standards and providing the latest technology to meet the market's needs. The NOVA project will allow us to continue to develop and offer cutting-edge technology assisting our worldwide customer base for proficient and safer pilots."
About the Strategic Aerospace and Defence Initiative (SADI) program
The SADI program supports strategic industrial research and pre-competitive development projects in the aerospace, defence, space and security industries. SADI is managed by the Industrial Technologies Office, a special operating agency of Industry Canada with a mandate to advance leading-edge research and development by Canadian industries.
About Mechtronix Systems Inc.
Mechtronix Systems Inc. (Mechtronix Systems), an MWC company, specializes in the design and manufacturing of Flight Simulation Training Devices for general, business and commercial aviation. Fuelled by 20+ years of passion and dedication, we are a top leader on the global flight simulation and training market with a presence in America, Europe and Asia. Based in Montreal, Mechtronix Systems offers a full range of products from full flight simulators to flight training devices, setting new industry standards for higher fidelity, reliability, cost efficiency and safety. To support our worldwide customers that include major airlines, training centers and training organizations, we have technical support centers strategically located around the globe. For more information, please visit href="http://www.mechtronix.com">www.mwc.mechtronix.com.
SOURCE MECHTRONIX SYSTEMS