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Government of Canada invests in aerospace, defence and maritime Security

Sept. 10, 2009, Vancouver – Yesterday Mr. Ed Fast, Member of Parliament, on behalf of the Honourable Tony Clement, Minister of Industry, announced significant investments in Canada's aerospace and defence sector by confirming $200 million in funding for the Strategic Aerospace and Defence Initiative.


September 10, 2009
By Marketwire

Sept. 10, 2009, Vancouver –Yesterday, Mr. Ed Fast, Member of Parliament
for Abbotsford, on behalf of the Honourable Tony Clement, Minister of
Industry, announced significant investments in Canada's aerospace and
defence sector by confirming $200 million in funding for the Strategic
Aerospace and Defence Initiative (SADI) and announcing a repayable
investment of $1.8 million in research and development being undertaken
by AXYS Technologies Inc.

"These funds will help Canadian companies build on their existing
capabilities, diversify into new areas of expertise and develop new
products and services," said Mr. Fast. "The SADI investment in AXYS
Technologies builds on Canadian expertise in security technologies
while helping the company to play a vital role in the growing maritime
security market."

The AXYS Technologies' Port Waterside-Communications and Networked Data
Unification project will work to collaborate data from various
monitoring and surveillance sources to provide comprehensive real-time
information. This technology will help defence and security
organizations, port operators and other stakeholders to improve
maritime security and respond promptly to security incidents such as
illegal shipping, discharge of pollutants at sea, oil spills and severe
weather threats.

SADI supports strategic industrial research and pre-competitive
development projects in the aerospace, defence, space and security
industries. SADI is managed by the Industrial Technologies Office, a
special operating agency of Industry Canada with a mandate to advance
leading-edge research and development by Canadian industries.