Technology Partnerships Canada Investment Helps Improve UV-Based Water Disinfection Systems
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LONDON, ONTARIO--Mr. Pat O'Brien, Member of Parliament for London-Fanshawe, on behalf of the Honourable Brian Tobin, Ministry of Industry announced today a $3.3M repayable Technology Partnerships Canada (TPC) investment with Trojan Technologies Inc. (TSE: TUV). The investment will help the company undertake pre-competitive research and development aimed at improving the energy efficiency of ultraviolet-based water disinfection systems, making them more attractive for municipal water treatment. Trojan expects the project to create or maintain 146 jobs.
"This project holds great promise for developing technologies that will bring health and safety benefits with
improvements to our water treatment systems," said Mr. O'Brien. "It clearly shows how the Government of Canada - through TPC - is working to improve the quality of life for Canadians."
"We are delighted to receive the support and validation of Technology Partnerships Canada," said Allan
Bulckaert, President and Chief Executive Officer of Trojan Technologies. "In recent years there have been outbreaks of illness across Canada caused by water-borne viruses, bacteria such as E. coli, and protozoa such as Giardia and Cryptosporidium. We believe that Trojan's ultraviolet disinfection systems already are a cost-effective solution to meet the needs of Canadians for an effective disinfection barrier. With the research and development supported by the TPC program we will undertake to develop even higher levels of energy efficiency and meet the needs of Canadian municipalities for efficient, reliable and effective water disinfection."
Established in 1997, TPC is a technology investment fund that contributes to the achievement of Canada's
objectives of increasing economic growth, creating jobs and wealth, and supporting sustainable development in many areas of technology. TPC supports Government of Canada initiatives by investing strategically in research, development and innovation. By encouraging private sector investment, TPC not only spurs growth in technology base and technological capabilities of Canadian industry, but encourages the development of small and medium-sized enterprises (SMEs) in all regions of Canada.
Trojan Technologies is a Canadian based, high technology environmental company operating internationally. With more than 20 years of experience, Trojan has the largest installed base of UV treatment systems operating around the world. Trojan designs, manufactures and sells ultraviolet treatment systems for municipal wastewater, drinking water systems for residential, municipal and commercial use, and industrial systems for food and beverage, pharmaceutical, and semiconductor applications. Trojan also designs, manufactures and installs treatment technology for the environmental contaminant and micropollutant destruction market.
FOR FURTHER INFORMATION PLEASE CONTACT: Trojan Technologies Inc., Doug Alexander, Executive Vice President & CFO, (519)
457-3400, www.trojanuv.com
Copyright 2001 The Globe and Mail |
