Workforce Innovation in Regional Economic Development

Over $10 Million Invested by the Government of Québec and the Government of Canada in a Quantum Communication Test Bed Available to Montreal, Quebec City and the DistriQ Quantum Innovation Zone in Sherbrooke

Retrieved on: 
Monday, October 23, 2023

The quantum communication test bed: A tool for innovation

Key Points: 
  • The quantum communication test bed: A tool for innovation
    The quantum communication test bed will allow businesses and organizations to experiment with quantum technology–based systems and applications for telecom networks.
  • It will position Quebec as a national leader and potentially serve as a cornerstone for future quantum communication research across the country, as outlined in Canada's National Quantum Strategy.
  • It will integrate emerging quantum communication technologies as they are rolled out into the market.
  • "Ciena's strategic collaboration with Numana and participation in the quantum test bed will provide insights on innovative and emerging technologies important to our future.

H55 COMMENCES CONSTRUCTION OF ITS NORTH AMERICAN PREMISES AND CANADIAN HEADQUARTERS IN SAINT-HUBERT, LONGUEUIL, QUEBEC

Retrieved on: 
Wednesday, October 11, 2023

This groundbreaking event signifies a major milestone in H55's commitment to the Canadian market and its ongoing global expansion efforts.

Key Points: 
  • This groundbreaking event signifies a major milestone in H55's commitment to the Canadian market and its ongoing global expansion efforts.
  • The establishment of the Canadian subsidiary aligns with H55's international expansion strategy and its commitment to meet the growing demands of its North American customer base.
  • H55 Canada will work in close collaboration with existing customers, including Pratt & Whitney Canada, CAE, and Harbour Air, for product development, customization, and customer support.
  • The arrival of H55 in Longueuil not only strengthens our positioning in the aerospace sector but marks a significant milestone in our journey toward establishing an innovation zone duly recognized by Quebec.

DalCor Pharmaceuticals announces Dal-GenE-2 confirmatory trial and closing of Series D financing round

Retrieved on: 
Wednesday, September 13, 2023

MONTREAL, Sept. 13, 2023 (GLOBE NEWSWIRE) -- DalCor Pharmaceuticals today announced the closing of the company’s Series D financing round of $80m USD to conduct the Dal-GenE-2 confirmatory trial in North America under a Special Protocol Assessment (SPA) agreement with the U.S. Food and Drug Administration (FDA).

Key Points: 
  • MONTREAL, Sept. 13, 2023 (GLOBE NEWSWIRE) -- DalCor Pharmaceuticals today announced the closing of the company’s Series D financing round of $80m USD to conduct the Dal-GenE-2 confirmatory trial in North America under a Special Protocol Assessment (SPA) agreement with the U.S. Food and Drug Administration (FDA).
  • “We are pleased to support DalCor in this round of financing so they can carry on development in precision medicine for cardiovascular disease,” said Guy LeBlanc, President, and CEO of Investissement Québec.
  • The trial is expected to start in Q3 2023 with an interim efficacy analysis in 2026, and completion anticipated in 2027.
  • DalCor Pharmaceuticals: DalCor Pharmaceuticals is pioneering precision medicine for patients with cardiovascular disease.

Third Coast Bank Joins the Bankers Helping Bankers BaaS Association

Retrieved on: 
Wednesday, August 23, 2023

HOUSTON, Aug. 23, 2023 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ: TCBX), ("Third Coast"), the holding company of Third Coast Bank, today announced that it has joined the Bankers Helping Bankers (BHB) Banking-as-a-Service (BaaS) Association.

Key Points: 
  • HOUSTON, Aug. 23, 2023 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ: TCBX), ("Third Coast"), the holding company of Third Coast Bank, today announced that it has joined the Bankers Helping Bankers (BHB) Banking-as-a-Service (BaaS) Association.
  • The BaaS Association is a premiere governance association whose primary goals include BaaS education, regulatory collaboration, and community bank sponsorship to source new revenue streams.
  • Bankers Helping Bankers launched the BaaS Association in April 2022 via a bankers-only platform for collaboration and education.
  • Through data tools and dynamic user groups, Bankers Helping Bankers provides community bankers with a knowledge base focused on bank technology and emerging FinTech companies, in areas such as BaaS, becoming a sponsor bank and launching a direct digital brand.

State and City Representatives Meet with Sumitomo Machinery Corporation of America's Leadership Team to Discuss Future Growth Opportunities

Retrieved on: 
Wednesday, August 2, 2023

CHESAPEAKE, Va., Aug. 2, 2023 /PRNewswire-PRWeb/ -- The Sumitomo Drives Technology Executive Team met with a delegation of esteemed government officials from the Commonwealth of Virginia, which included Virginia's Secretary of Commerce and Trade, Caren Merrick, and Deputy Secretary of Commerce & Trade, Nicole Riley. Also in attendance were Steven Wright, Kerstin Plarr, Ben White, and Lloyd Jackson, representing Chesapeake Economic Development, and Cliff Copley from the Hampton Roads Alliance. The group toured the 350,000 square feet Chesapeake manufacturing facility, which also serves as the North American Headquarters for the company. The visit focused on future growth opportunities for Sumitomo Drive Technologies in the Hampton Roads area.

Key Points: 
  • The group toured the 350,000 square feet Chesapeake manufacturing facility, which also serves as the North American Headquarters for the company.
  • The visit focused on future growth opportunities for Sumitomo Drive Technologies in the Hampton Roads area.
  • Sumitomo Drive Technologies has been a significant player in the power transmission industry for years, fostering economic growth in its operating regions.
  • With the insights and discussions from this visit, Sumitomo looks forward to expanding its operations further, contributing to Virginia's economic landscape, and continuing its collaborations with city, state, and regional officials for future growth opportunities.

WNC & Associates and Community Preservation Partners Announce New Leadership Promotions

Retrieved on: 
Thursday, July 13, 2023

Will Cooper, Jr. will continue to serve as Chairman of the Board and CEO of WNC, Preservation Equity Fund Advisors ( PEFA ), and the Cooper Housing Institute.

Key Points: 
  • Will Cooper, Jr. will continue to serve as Chairman of the Board and CEO of WNC, Preservation Equity Fund Advisors ( PEFA ), and the Cooper Housing Institute.
  • He is a former member of Vistage International and a current member of the Urban Land Institute’s Affordable/Workforce Housing Council.
  • He received the Young Leader Award from Affordable Housing Finance in 2016 and has been with the company for 13 years.
  • WNC and its subsidiaries are committed to continuing to provide excellent services with the singular goal of supporting affordable housing across the United States.

RODEO FX EXTENDS ITS GLOBAL REACH WITH A BRAND-NEW STUDIO IN PARIS

Retrieved on: 
Friday, June 23, 2023

Recognizing the tremendous importance of this market, it is thrilled to announce the launch of its fifth international studio, strategically located in the heart of the French capital.

Key Points: 
  • Recognizing the tremendous importance of this market, it is thrilled to announce the launch of its fifth international studio, strategically located in the heart of the French capital.
  • This partnership is directly in line with the France 2023 goal to make the Hexagone a leader in cultural creation.
  • “We are thrilled to celebrate this inauguration and to share this special moment with our Québécois and French partners.
  • We are also pleased to join the visual effects community of Paris,” said Sébastien Moreau, Founder and CEO of Rodeo FX.

Company utilizing AI in Li-ion battery technology receives new financial support, generating over 60 jobs in Quebec

Retrieved on: 
Thursday, June 22, 2023

This support will not only propel the company's growth but also create more than 60 job opportunities within the province of Quebec in the next 36 months.

Key Points: 
  • This support will not only propel the company's growth but also create more than 60 job opportunities within the province of Quebec in the next 36 months.
  • The funds received by UgoWork will have a direct impact on job creation within Quebec.
  • With this financial support, the company plans to expand its workforce in all departments at its Quebec City headquarters.
  • "This financial support will not only allow us to advance our technology but also create meaningful job opportunities within Quebec, fostering economic growth while simultaneously addressing the pressing need for sustainable energy solutions."

$70 MILLION INVESTMENT IN MIRABEL: AVIANOR ANNOUNCES THE CONSTRUCTION OF A CENTER OF EXCELLENCE FOR A220 AIRCRAFT

Retrieved on: 
Tuesday, June 20, 2023

Avianor will therefore have four (4) additional maintenance lines to accommodate the A220 aircraft and potentially other types of narrow-body aircraft programs, for a total asset of seven (7) maintenance lines in service.

Key Points: 
  • Avianor will therefore have four (4) additional maintenance lines to accommodate the A220 aircraft and potentially other types of narrow-body aircraft programs, for a total asset of seven (7) maintenance lines in service.
  • "The A220 Center of Excellence represents an extremely decisive and significant milestone for Avianor and all our customers, community, partners and suppliers.
  • "The creation of the A220 Center of Excellence reinforces the expertise developed on a product designed, manufactured and assembled in Quebec.
  • "The A220 Center of Excellence is one of the anchor projects in Quebec's Aerospace Innovation Zone.

SCO Industrial Chain & Supply Chain Forum held in Qingdao

Retrieved on: 
Monday, June 19, 2023

QINGDAO, China, June 19, 2023 /PRNewswire/ -- On June 15-16, the SCO Industrial Chain & Supply Chain Forum was held in Qingdao under the theme of "Synergy and Win-Win Chaining up for a New Future of Regional Economic Cooperation".

Key Points: 
  • QINGDAO, China, June 19, 2023 /PRNewswire/ -- On June 15-16, the SCO Industrial Chain & Supply Chain Forum was held in Qingdao under the theme of "Synergy and Win-Win Chaining up for a New Future of Regional Economic Cooperation".
  • On September 16, 2022, Chinese President Xi Jinping announced at the 22nd meeting of the Council of Heads of State of the Shanghai Cooperation Organization (SCO) that Qingdao will host the SCO Industrial Chain & Supply Chain Forum 2023.
  • There were several important events on the opening ceremony of the SCO Industrial Chain & Supply Chain Forum and 2023 SCO International Investment and Trade Expo, such as the release of the Qingdao Initiative of the SCO Industrial Chain & Supply Chain Forum, the release of Version 2.0 of the China-SCO Comprehensive Service Platform for Local Economic and Trade Cooperation, and the launch of China-SCO Industrial Park Alliance.
  • Moreover, the Qingdao Initiative of the SCO Industrial Chain & Supply Chain Forum calls for strengthening cooperation in the supply chain within the organization and globally, enhancing the coordination and cooperation within the organization, supporting investment cooperation that is conducive to the stability, security and resilience of the industrial chain & supply chain, etc.