Three Burnaby-based companies will be given more than $3.7 million in federal funding to advance their cleantech solutions through the government's PacifiCan program.
Burnaby North-Seymour MP and Minister of Citizens' Services Terry Beech announced on Wednesday, Nov. 14, that pH7 Technologies Inc., a metal process company, will receive $1.5 million to purchase and install new equipment for specialized mental extraction.
"The company’s innovative process offers an economical and sustainable way to extract critical metals from recycled materials, which are vital for the global transition toward clean energy," a news release explained.
The system uses less water and energy while producing no greenhouse emissions.
The funding will help increase production capacity in Burnaby.
“Burnaby is leading the way in sustainability and innovation. Fresh ideas and groundbreaking advancements are shaping the city and fueling a dynamic business community," Beech added.
"PacifiCan is here to support these organizations as they expand into new markets, create quality jobs, and transform global industries. Today’s investments will strengthen B.C.’s competitiveness on the world stage and help to ensure long-term prosperity and a cleaner future for all British Columbians.”
PosiTrace, which supplies fleet management and GPS tracking solutions, will receive $1.23 million in funding which will help expand local operations and create new jobs.
Rigid Robotics will receive $975,000 to further develop its AI-powered cloud platform and application technology for the mining industry.
The technology is able to provide real-time data insights and analysis which assists mining companies boost operational efficiency and human safety while reducing emissions.
The investments are expected to create a combined 47 new jobs.
