Contribution: Strategic Response Fund
MDS Coating Technologies Corporation
$55,692,000.00
820199
EF 2026-27 · 2026-05-12
Résumé
This project will develop and commercialize the company’s protective coatings for aerospace engines and expand its facility. The project’s work phase is scheduled to end on March 31, 2031.
Programme
Strategic Response Fund
Bénéficiaire
Emplacement
SLEMON PARK, Prince Edward Island, Canada
Type de bénéficiaire
For-profit organization
Numéro d'entreprise
889776738
Type
Contribution
Source
Proactive Disclosure - Grants and Contributions
Tel que publié
Additional Information
NA
Additional Information (French)
NA
Agreement End Date
2050-04-01
Agreement Number
820199
Agreement Start Date
2026-05-12
Agreement Title
820199
Agreement Title (French)
820199
Agreement Type
Contribution
Agreement Value
$55,692,000.00
Amendment Number
0
Description
This project will develop and commercialize the company’s protective coatings for aerospace engines and expand its facility. The project’s work phase is scheduled to end on March 31, 2031.
Description (French)
Ce projet vise à développer et commercialiser les revêtements protecteurs de l’entreprise pour des moteurs aérospatiaux, et à agrandir son usine. La phase de travail du projet est prévue se terminer le 31 mars 2031.
Expected Results
The investment will allow the company to capture growing market demand and scale up existing technology in order to maximize engine efficiency, minimize maintenance costs, and reduce emissions.
Expected Results (French)
Cet investissement permettra à l'entreprise de répondre à la demande croissante du marché et d’améliorer des technologies existantes afin de maximiser l'efficacité des moteurs, de minimiser les coûts d’entretien et de réduire les émissions.
Federal Riding
Egmont
Federal Riding (French)
Egmont
Federal Riding Number
11003
NAICS Code
339990
Organization Code
ic
Organization
Innovation, Science and Economic Development Canada | Innovation, Sciences et Développement économique Canada
Program Name
Strategic Response Fund
Program Name (French)
FRS Volet 1 - R&D
Program Purpose
Encourage R&D that will accelerate technology transfer and commercialization of innovative products, processes and services;-Facilitate the growth and expansion of firms in Canada;-Attract and retain large scale investments to Canada; and-Advance industrial research, development and technology demonstration through collaboration between academia, non-profit organizations and the private sector. Increasing manufacturing capacity; Improving production efficiency through improvements to plant and equipment.
Program Purpose (French)
Favoriser les activités de R-D qui accéléreront le transfert de la technologie et la commercialisation de produits, de processus et de services novateurs ; faciliter la croissance et l'expansion des entreprises au Canada ; attirer et conserver des investissements de grande envergure au Canada ; et-faire progresser la recherche industrielle, le développement et la démonstration de technologies grâce à la collaboration entre les universitaires, les organisations à but non lucratif et le secteur privé.
Recipient Business Number
889776738
Recipient City
SLEMON PARK
Recipient Country
CA
Recipient Legal Name
MDS Coating Technologies Corporation
Recipient Operating Name
MDS Coating Technologies Corporation
Recipient Postal Code
C0B 2A0
Recipient Province or Territory
PE
Recipient Type
F
Reference Number
033-2026-2027-Q1-820199