Electronic Products & Technology

News

Quebec-based NARVI consortium gathers financial support


Quebec-based tech marketing consortium called NARVI, has received more than $30-million in recent bids and interest towards the group’s business model. Still in its first year of operations, the financial support continues to grow from week-to-week, according to Jean-Daniel Binant, VP market development – electronics assembly solutions at NARVI. 

With an overarching goal of achieving international success, the consortium was formed around a simple idea: to gather and offer all the expertise surrounding the industrialization of an integrated electronic system in order to offer its clients an electronic turnkey solution. Since then, the success and sustainability of this unique initiative in North America is undeniable, says Binant.

The consortium is composed of international partners aimed at addressing emerging needs in North America as part of the electric & smart transportation, rail transportation, energy as well as the smart city, HVAC and medical markets. Active in Quebec, United States and Europe, the consortium makes it possible to meet the requirements of support or local content, while grouping the complementary know-how of each partner. This will also allow European customers to enter North America through local expertise.

“I’m excited about the overwhelmingly positive response we’ve received,” Binant adds. “I believe that the forthcoming years will have an even bigger impact on the industry, as we meet needs for massive scalability. The success of the Consortium is that of the partner companies as a whole.”