NRC-IRAPNational Research Council - Industrial Research Assistance Program
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Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including: the ability of the Company to obtain additional financing; including the receipt of grant monies from SDTC, ASIP, NRC-IRAP and the receipt of all necessary regulatory approvals.
In addition to technical and business advisory services provided by NRC-IRAP, the funding is being used to support the development of Kraken's underwater robotics program, which involves development of a technology demonstration platform.
These additional funds, along with support from the technological expertise and advisory services provided by NRC-IRAP, will be invaluable as we continue to advance VAL-083 in refractory glioblastoma multiforme (GBM) and expand its utility in other tumour types.'
NRC-IRAP, a Canadian assistance program for small and medium-sized enterprises, will help fund the company's development of an Eco Waste Oxidizer.
Plans call for NRC-IRAP to support software and engineering development to deliver a working MedHome prototype.
"I am very delighted that NRC-IRAP is supporting this very important research project.
In its almost 60 years of existence, the National Research Council's Industrial Research Assistance Program (NRC-IRAP) has helped thousands of small and medium enterprises find outlets for their innovative work--and the program is still going strong.
Technology business development and information diffusion--NRC's incubators and Industrial Research Assistance Program (NRC-IRAP) support NRC researchers and emerging technology firms in commercialization and firm growth.
"In the last year, Westport has made significant progress on their natural gas and hydrogen technologies, further establishing Westport's worldwide leadership and reputation within this area," said NRC-IRAP Pacific Asia executive director Bruce Pridmore.
"By combining this facility for testing and product demonstration with our research expertise and services such as the NRC Industrial Research Assistance Program (NRC-IRAP), we will make a critical contribution to the commercialization of fuel cell technology in Canada."
Formation of the alliance follows the approval of funding for this project from NRC-IRAP, sponsor of the technology demonstration, and Sustainable Development Technology Canada (SDTC) that will fund the first installation of the technology at a Paprican member mill.