Auto parts suppliers share $19.6M from innovation fund
Federal government announces contributions to seven companies.
KITCHENER, Ont. — The federal government has announced funding totalling $19.6 million that will go to a parts and systems suppliers that are bringing new technologies to the automotive sector.
Pravala Networks, a developer of a comprehensive connectivity management platform for vehicles and other wireless devices, will receive a contribution of up to $9.7 million from the Automotive Supplier Innovation Program. The Waterloo, Ont.-based company will develop a platform that provides reliable, uninterrupted internet connectivity in vehicles.
Exco Technologies Ltd., a manufacturer of dies, moulds, equipment, components and assemblies for the die-cast, extrusion and automotive industries, gets a contribution of up to $4.6 million. The Markham, Ont. company will make large high-pressure die-cast moulds for power train and structural parts using less steel that will reduce waste a dn speed up production.
Sheet metal processor Verbom Inc. in Sherbrooke, Que. is getting $2.6 million to develop a process used in forming complex aluminum body panels and parts. The aim is to reduce vehicle fuel consumption.
The Electromac Group, a tooling and stamping company in Windsor, Ont., will use its $1.5 million contribution to develop an innovative prototype and process that uses hot stamping technology to produce small components that are stronger and lighter.
Axiom Plastics, a manufacturer of plastic parts in Aurora, Ont., will apply its $881,000 to produce a new, lighter hybrid plastic/fabric vehicle component that improves noise and emissions reductions.
Mojio is an open platform for connecting cars. The Vancouver company (same name) will apply its $260,000 to develop cloud-connected solutions to improve driver connectivity.
Landau Gage Inc., a manufacturer of custom gauges in Windsor, Ont., gets $121,000 to apply its laser measurement technology to reduce the measurement and inspection time of automotive drive train products.
Canadian automotive suppliers export parts globally and account for about $30 billion in annual sales.