Export Development Canada

CCC, Greece sign contract for DHC-515 firefighting aircraft

Retrieved on: 
Monday, March 25, 2024
Aircraft, Canadair, Government, Climate change, Export Development Canada, De Havilland Canada, DHC, Natural Resources, Wildfire, Sale, Business development, Acquisition, Hellenic Air Force, River, Marketing, Water, Safety, Crisis management, Civil defense, Ministry, CCC, De Havilland, G2G

Through CCC’s contract, DHC will supply Greece with seven (7) DHC-515 aircraft, as well as spare parts, training, and support.

Key Points: 
  • Through CCC’s contract, DHC will supply Greece with seven (7) DHC-515 aircraft, as well as spare parts, training, and support.
  • The contract is the result of ongoing cooperation between CCC, DHC, the European Union’s Civil Protection Mechanism (rescEU) and its Member States to supply the EU with Canadian-made firefighting aircraft.
  • Building on the foundation of the iconic Canadair CL-215 and CL-415 aircraft, the DHC-515 FIREFIGHTER™ is a new purpose-built aerial firefighting aircraft.
  • It matches the other aircraft in the De Havilland fleet in terms of lifespan, ruggedness, and Canadian aerospace engineering quality.

CCC, Croatia sign contract for DHC-515 firefighting aircraft

Retrieved on: 
Monday, March 25, 2024
Civil service commission, Canadair, Interior, Government, Export Development Canada, Climate change, De Havilland Canada, DHC, Natural Resources, Purchasing, Sale, Acquisition, Corporate Affairs, River, Janez, Contract management, Air force, Water, Safety, European Commission, Crisis management, Aircraft, Ministry, CCC, De Havilland, Wildfire, Airline

Through CCC’s G2G contract, DHC will provide the DHC-515 aircraft to Croatia, along with spare parts, training, and maintenance support.

Key Points: 
  • Through CCC’s G2G contract, DHC will provide the DHC-515 aircraft to Croatia, along with spare parts, training, and maintenance support.
  • Building on the foundation of the iconic Canadair CL-215 and CL-415 aircraft, the DHC-515 FIREFIGHTER™ is a new purpose-built aerial firefighting aircraft.
  • Currently, Croatia currently operates six CL-415 aircraft and will increase its aerial firefighting program by one-third with the acquisition of these two new DHC-515 aircraft.
  • I congratulate Croatia to sign into reality the first planes of what will form a new generation of European firefighting aerial capacity.

ZayZoon Raises $15M in Series B Extension from Viola Fintech and Intuit Ventures

Retrieved on: 
Tuesday, March 26, 2024
Professional Services, Payments, Small Business, Technology, Human Resources, Finance, Fintech, Export Development Canada, SMB, Growth, Entrepreneurship, Luigi, Small business, Intuit, EDC, Multimedia, Viola, Management

ZayZoon , the leading Earned Wage Access (EWA) provider for small and mid-sized businesses, today announced it has raised US $15 million in an extension of its Series B financing.

Key Points: 
  • ZayZoon , the leading Earned Wage Access (EWA) provider for small and mid-sized businesses, today announced it has raised US $15 million in an extension of its Series B financing.
  • This round extension brings ZayZoon’s total Series B funding round to 49.5 million USD.
  • The round was led by Viola Fintech with participation from Intuit Ventures and existing investors Framework Venture Partners , and Export Development Canada (EDC).
  • "ZayZoon combines a powerful mission with exemplary execution that creates a real impact," said Noam Inbar, Partner at Viola Fintech.

North American Helium Provides Operations and Business Update

Retrieved on: 
Tuesday, March 19, 2024
Technology, Other Energy, Aerospace, Manufacturing, Oil, Gas, Energy, Other Natural Resources, Other Technology, Research, Mining, Minerals, Natural Resources, Science, Other Manufacturing, Semiconductor, Export Development Canada, Growth, Data science, CFO, Cadillac, National Bank of Canada, ATB Financial, RBC, Bureau of Land Management, Royal Bank, Desjardins, ATB, Investment, Helium, Royal Bank of Canada, NAH, National bank, ISO, Marketing, State, Economics, Lead arranger, Natural gas

North American Helium Inc. (“NAH” or the “Company”) today announced several updates supporting the continued growth of its business, including plans to add two additional helium purification facilities in Saskatchewan.

Key Points: 
  • North American Helium Inc. (“NAH” or the “Company”) today announced several updates supporting the continued growth of its business, including plans to add two additional helium purification facilities in Saskatchewan.
  • Mr. Nicholas Snyder, Chairman and CEO stated, “We are excited to continue increasing our production of reliable and sustainable helium supply in North America.
  • While the most recent global shortage has eased in recent months, the world continues to grapple with major risks to other global sources of helium.
  • The expanded capacity of our credit facility reflects the Company’s success to date and provides ample financial capacity to fund ongoing growth initiatives.”

Eirene, Canada's first and only online funeral services provider, launches operations in the U.S. after raising over $4 million in seed round to accelerate its growth

Retrieved on: 
Wednesday, April 3, 2024
Cremation, Export Development Canada, Cryptocurrency

TORONTO, April 3, 2024 /PRNewswire/ - Eirene, Canada's first and only online funeral services provider, has launched operations in the U.S. after raising $4.1 million in seed funding.

Key Points: 
  • TORONTO, April 3, 2024 /PRNewswire/ - Eirene, Canada's first and only online funeral services provider, has launched operations in the U.S. after raising $4.1 million in seed funding.
  • This funding will accelerate Eirene's path to scale, with a focus on expanding its operations in the U.S., building its brand, and growing its team.
  • Eirene's technology platform provides families with online end-of-life solutions that are easy to use, simple to understand, and affordable.
  • Eirene's platform is supported by a dedicated team committed to providing high-quality and compassionate funeral services to families.

Blender Bites Announces $2 Million Loan from Export Development Canada

Retrieved on: 
Monday, March 11, 2024
FWB, Facility, Holding, WKN, Export Development Canada, BITE

VANCOUVER, British Columbia, March 11, 2024 (GLOBE NEWSWIRE) -- Blender Bites Limited (the “Company” or “Blender Bites”) (CSE: BITE, FWB: JL4, WKN: A3DMEJ) is pleased to announce that further to its November 9, 2023 press release, its operating subsidiary, Blender Bites (Holdings) Limited, has entered into a definitive agreement with Export Development Canada (“EDC”) for a term loan credit facility of up to $2,000,000 (the “Facility”).

Key Points: 
  • VANCOUVER, British Columbia, March 11, 2024 (GLOBE NEWSWIRE) -- Blender Bites Limited (the “Company” or “Blender Bites”) (CSE: BITE, FWB: JL4, WKN: A3DMEJ) is pleased to announce that further to its November 9, 2023 press release, its operating subsidiary, Blender Bites (Holdings) Limited, has entered into a definitive agreement with Export Development Canada (“EDC”) for a term loan credit facility of up to $2,000,000 (the “Facility”).
  • “Our expansion into the U.S. market has been instrumental in the Company’s growth, and provides a solid foundation for our long-term success.
  • The Facility is available in three drawdowns within the next six-months, with interest only payments for the first 12-months.
  • The Facility is secured by a security interest over the assets of Blender Bites (Holdings) Ltd. and is guaranteed by the Company and Blender Bites US Ltd.

Canada-in-Asia Conferences 2024 Forge Agri-food, Climate Connections in Singapore

Retrieved on: 
Thursday, March 7, 2024
University of Calgary, National Bank of Canada, Government, Climate change, University, Woman, Partner, Interim, Ecosystem, University of Saskatchewan, Agriculture, Food security, National bank, Air Canada, Food, Commerce, Conference, International development, City, Knowledge, CIBC, FB Vis, Environment, Export Development Canada, Pan Pacific Singapore Hotel, Entrepreneurship, Thought, Sun Life Financial, Universities Canada, Policy, Science, Sustainable development, Renewable energy

VANCOUVER, British Columbia, March 07, 2024 (GLOBE NEWSWIRE) -- The Asia Pacific Foundation of Canada (APF Canada) and Universities Canada (UnivCan) concluded a successful Canada-in-Asia Conference 2024 (CIAC2024) in Singapore on February 29, 2024.

Key Points: 
  • VANCOUVER, British Columbia, March 07, 2024 (GLOBE NEWSWIRE) -- The Asia Pacific Foundation of Canada (APF Canada) and Universities Canada (UnivCan) concluded a successful Canada-in-Asia Conference 2024 (CIAC2024) in Singapore on February 29, 2024.
  • With over 460 attendees from across Canada and over 35 cities across the Indo-Pacific region, CIAC2024 focused on two thematic areas: Agri-food (Feb. 26-27) and Climate Solutions (Feb. 27-29).
  • CIAC2024: Climate Solutions convened Asia-based and Canada-based private sector, government, university, and other leaders to connect and learn from each other’s priorities and experiences in climate policy, climate technologies, climate research, and climate finance.
  • Ms. Grace Fu, Singapore’s Minister for Sustainability and the Environment and Minister-in-charge of Trade Relations, delivered the conference’s keynote speech.

Felix & Paul Studios Secures Multi-Million Dollar Financing for its Latest Location-Based Virtual Reality (VR) Production

Retrieved on: 
Tuesday, February 13, 2024
BDC, Bank, Studio, National Bank of Canada, SODEC, Emmy Awards, IP, XR, VR, EDC, National bank, Export Development Canada, Felix & Paul Studios, Film industry

MONTREAL, Feb. 13, 2024 /PRNewswire/ -- Felix & Paul Studios, the Emmy Award-winning immersive entertainment pioneer, today announced that it has secured financing for its most ambitious project yet, a location-based VR (LBVR) experience based on a brand-new IP set to launch in 2025. With financial backing from Export Development Canada (EDC), The Bank for Canadian Entrepreneurs (BDC), the Société de développement des entreprises culturelles (SODEC), and National Bank of Canada's Creative Industries Group, the Studio is charting a new course in the entertainment and extended reality (XR) industries.

Key Points: 
  • Felix & Paul Studios secures strategic financing from Export Development Canada (EDC), The Bank for Canadian Entrepreneurs (BDC), the Société de développement des entreprises culturelles (SODEC), and National Bank of Canada's Creative Industries Group, for its largest production to date.
  • As we embark on our most daring and ambitious project yet, we're setting the pace for our Studio's growth."
  • This round of top-tier financing showcases a strong vote of confidence in the Studio's vision and its potential to reimagine the entertainment landscape.
  • * Space Explorers: THE INFINITE is an Infinity Experiences production created by Felix & Paul Studios and PHI Studio.

GreenPower Secures $5 Million Revolving Loan with EDC to Fund All-Electric Vehicle Production for Customer Orders

Retrieved on: 
Tuesday, February 13, 2024
Senior, Facility, EDC, Green, Export Development Canada, Letter, Clean technology, Bank

The Facility expands EDC's support to GreenPower beyond its existing letter of credit guarantee.

Key Points: 
  • The Facility expands EDC's support to GreenPower beyond its existing letter of credit guarantee.
  • The Facility provides additional liquidity to GreenPower to fund all-electric vehicle production for approved customer orders, allowing for multiple advances over a two-year period with repayments when vehicles are delivered.
  • "GreenPower is excited to be expanding our relationship with EDC and secure a credit Facility that will accelerate our production of all-electric vehicles with existing orders.
  • "The mix of funding from EDC is a great fit with our production requirements and fulfilling our order book without shareholder dilution."

Nanoprecise Delivers Peace of Mind with Customer-Centric Money Back Guarantee

Retrieved on: 
Wednesday, January 31, 2024
State-owned enterprise, AB, ROI, CO2, Export Development Canada, Reliability-centered maintenance, MBG, Trust

EDMONTON, AB, Jan. 31, 2024 /PRNewswire/ -- In a significant move reinforcing its commitment to customer satisfaction, Nanoprecise Sci Corp unveils its ground-breaking Peace of Mind: Money Back Guarantee (MBG) initiative.

Key Points: 
  • EDMONTON, AB, Jan. 31, 2024 /PRNewswire/ -- In a significant move reinforcing its commitment to customer satisfaction, Nanoprecise Sci Corp unveils its ground-breaking Peace of Mind: Money Back Guarantee (MBG) initiative.
  • Nanoprecise's Money Back Guarantee (MBG) is designed to deliver on a promise of a quantifiable return on investment (ROI) from its predictive maintenance solution.
  • Whether 50 or 400 machines, the Money Back Guarantee offer is tailored to every customer's needs.
  • "Here at Nanoprecise, our focus extends beyond just offering advanced technology; we're committed to forging enduring relationships built on trust, transparency, and real outcomes," stated Sunil Vedula, CEO of Nanoprecise.