Conquering new markets - Government of Canada grants $278,100 in funding to Epsilia Inc. for foreign commercialization of technological solutions



    TROIS-RIVIERES, QC, Jan. 16 /CNW Telbec/ - The Honourable Denis Lebel,
Minister of State for Canada Economic Development, took the opportunity while
in Mauricie today to announce the granting of $278,100 in repayable funding to
Epsilia Inc. for the implementation of a two-year strategy aimed at
commercializing the firm's traceability solutions abroad. With this project,
the enterprise hopes to increase its presence on the American, Mexican and
French markets, as well as on Canadian markets outside Quebec.
    Epsilia Inc. develops and markets innovative traceability solutions for
the agro processing, aeronautics, manufacturing and shipping/logistics
industries and provides consulting services to companies operating in these
sectors. The technological solutions developed by this firm enable customers
to conform to increasingly strict industry standards and ensure effective
logistics throughout every stage of the manufacturing process.
    "Canada Economic Development is proud to support companies that, like
Epsilia Inc., are investing in the research, development and manufacture of
products that offer a net competitive advantage. By finding new and better
ways to market their products, small and medium-sized enterprises can only
improve their chances of success. Epsilia Inc. is setting out on a course that
promises not only to foster its own growth, but also to help revitalize the
Trois-Rivières economy," explained the Minister of State.
    With this contribution from Canada Economic Development, granted through
the Community Economic Diversification Initiative - Vitality (CEDI-V), Epsilia
Inc. will be able to implement a marketing strategy aimed at producing
marketing tools and promotional materials, conducting canvassing activities,
participating in trade fairs and carrying out prospecting missions to
countries where it is seeking to make market inroads. The company also intends
to customize its technological platform to meet the specific needs of new
markets.
    "With this, Epsilia Inc. is hoping to increase its sales by 47% by the
year 2010. The project will also help the company maintain the seven skilled
jobs it recently created and open up 15 new positions, bringing its total
staff force to 39. I am delighted to welcome this news for the Trois-Rivières
economy," the Minister of State concluded.
    Epsilia Inc. is the new corporate signature created on April 10, 2008,
when PGCTI Inc., a firm founded in 1983, and Deuteron Acquisition pooled their
technological expertise and assets.




For further information:

For further information: Lyne Montpellier, Communications, Canada
Economic Development, (819) 371-5182, lyne.montpellier@dec-ced.gc.ca; Eric
Lefebvre, Press Secretary, Office of the Honourable Denis Lebel, Canada
Economic Development, Cell.: (613) 608-7906, eric.lefebvre@dec-ced.gc.ca;
Canada Economic Development is online at www.dec-ced.gc.ca. Subscribe to the
Agency's press releases at
http://www.dec-ced.gc.ca/eng/media-room/mailing-list/list.html to keep up with
the latest news.


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