News Release Article from
Ocean Technology Firms Bring Innovative Ideas to the World
Eighteen companies to showcase new products and ideas at Oceanology International 2016 conference
March 15, 2016 – Moncton, NB – Atlantic Canada Opportunities Agency (ACOA)
From underwater sonars and 3D imaging systems that help ships avoid icebergs and navigate through rocky underwater terrain, to fiber optics systems and customized equipment that help offshore installations operate safely, Atlantic Canada’s ocean technology sector has what it takes to do business with the world.
A delegation of 18 Atlantic Canadian companies will be attending the Oceanology International 2016 conference in London, UK from March 15 -17 to establish new partnerships and increase their export sales. This bi-annual event connects over 500 leading global suppliers with international buyers from the entire supply chain. Atlantic companies who attended the 2014 event reported on-site sales of up to $1.8 million and projected between $4 and $8 million in anticipated sales in the year following the event.
- Atlantic Canada is also home to a number of leading ocean technologies research institutes dedicated to ocean engineering, ocean mapping, search and rescue, defense, offshore technologies, and more.
- A federal-provincial contribution of $227,000, which is being provided through the International Business Development Agreement (IBDA), will enable the participating companies at Oceanology International 2016 to create a significant and coordinated onsite presence through an Atlantic pavilion, as well as provide them with access to business networking opportunities.
- Oceanology International is a world-class conference that gathers global suppliers, contractors and end-users in the offshore and subsea industries. The last edition was the largest to date with approximately 8,410 attendees and 528 exhibiting companies from 35 countries.
“Oceanology International is an important event for Atlantic Canadian companies to showcase their expertise and create and strengthen partnerships to remain competitive in this innovative field. With today’s announced investments, innovative Canadian ocean technology companies will be able to showcase their products, and engage with prospective buyers on the world stage. This will help them export those technologies and expand their international profile.”
- The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, and Minister responsible for the Atlantic Canada Opportunities Agency (ACOA)
“Nova Scotia is proud to be home to so many cutting edge ocean technology businesses that are developing innovative products for markets around the world. By working with the private sector and academia, the Government of Nova Scotia is creating conditions which will allow Nova Scotia companies to increase their market value in a very big and growing industry that now has an annual global market value of more than three trillion dollars.”
- The Honourable Mark Furey, Minister of Business, Province of Nova Scotia
“There are some innovative companies doing exciting things in the marine and ocean technology sector in Prince Edward Island. We continue to explore every opportunity to help then grow and compete in the world market while they help to further diversify our province’s economy.
- The Honourable Heath MacDonald, Minister of Economic Development and Tourism, Prince Edward Island
“Newfoundland and Labrador’s inherent relationship with our oceans and expertise in areas such as remote sensing, telecommunications and navigational systems, autonomous underwater vehicles, cold water engineering, geophysical surveying and marine simulation is well known globally and has made us a world leader in ocean technology. The Oceanology International 2016 Conference will provide an important platform for our local ocean technology firms to create and build upon important export markets in Europe and further share our significant capabilities. ”
- The Honourable Christopher Mitchelmore, Minster of Business, Tourism, Culture and Rural Development, Newfoundland and Labrador
Newfoundland and Labrador
Senior Communications Officer
Atlantic Canada Opportunities Agency
Media Relations Advisor
Government of Nova Scotia
902-424-2733 / 902-223-1465
Senior Communication Officer
Department of Economic Development and Tourism
Government of Prince Edward Island
Director of Communications
Department of Business, Tourism, Culture and Rural Development
Government of Newfoundland and Labrador
Search for related information by keyword
Hon. Navdeep Singh Bains Atlantic Canada Opportunities Agency Science and Technology Economics and Industry
- Date modified: