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Economic Action Plan supports semiconductor innovation in British Columbia

Minister Gary Lunn announces investment to help Redlen Technologies develop leading-edge technology.



The
Honourable Gary Lunn, Minister of State for Sport and Member of
Parliament for Saanich-Gulf Islands, on behalf of the Honourable Gary
Goodyear, Minister of State (Science and Technology), announced a
contribution of $747,355 to Redlen Technologies Inc. from the National
Research Council of Canada’s Industrial Research Assistance Program.

The funding supports
innovative research and development projects that will assist Redlen
Technologies in developing high-tech solutions for global markets.

"Our government is investing
in science and technology to create good jobs, strengthen the economy
and improve Canadians’ quality of life," said Minister Lunn. "This
government is supporting Canadian firms that successfully develop and
apply innovative technologies. Canada’s Economic Action Plan is
supporting scientific research and commercialization, while creating
good jobs and economic growth."

The contribution to Redlen Technologies Inc. will
support the company in refining a proprietary process that produces
semiconductor radiation detectors used in medical and security imaging.
These detectors will be more sensitive and less expensive to produce,
thereby allowing more hospitals access to the equipment needed to assist
in detecting diseases earlier and more accurately.

During the event, Minister Lunn also presented a
Canadian Innovation Leader Certificate to Redlen Technologies Inc. to
highlight their success as innovative Canadian firms that has
successfully linked scientific research to commercialization, jobs and
economic growth.

Founded
in 1999, Redlen Technologies Inc. is a leading manufacturer of high
resolution Cadmium Zinc Telluride (CZT) semiconductor radiation
detectors, which make possible a new generation of high performance
detection and imaging equipment, including nuclear cardiology, CT
scanning, baggage scanning and ‘dirty bomb’ detection.

"NRC-IRAP has been highly supportive over many
years of Redlen Technologies in its quest to manufacture world-leading
radiation detectors and photovoltaic products," said Mr. Glenn Bindley,
CEO of Redlen Technologies.

www.actionplan.gc.ca

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