Unveiling of Mechtronix World Corporation's R&D Center, a Testimonial and Legacy of Solid Government R&D Strategy and Investment



    Long-term Investments in R&D Forged Foundation for Expanding
    High Tech Company and Related Jobs for the Region

    MONTREAL, May 8 /CNW Telbec/ - Raymond Bachand, Québec's Minister of
Finance, Minister of Economic Development, Innovation and Export Trade and
Minister responsible for the Montreal region, presided over the unveiling of
the new Mechtronix World Corporation's R&D Center in Montreal. This R&D Center
gives Mechtronix the potential to double its current engineering staff to meet
an anticipated growing global demand in line with its mission; "Where
Innovation Takes Flight". The new facility, on Côte-de-Liesse just a few
hundred yards from Mechtronix manufacturing facility, was also constructed to
serve as the new headquarters for one of the world's largest and fastest
growing provider of flight simulation equipment. This R&D center together with
the expansion of the manufacturing facility gives Mechtronix the ability to
expand its production capacity by at least 50%.
    "Mechtronix, a great success story that demonstrates how Québec's policy
and past investments in research and development have paid off to create great
companies that provide the high quality jobs we need in our region", said Mr.
Bachand. "Mechtronix' success shows that the early and continual planting of
investment seeds can reap strong roots and a solid R&D foundation leading to
extremely competitive companies in the global market place. Québec needs to
continue investing in and inspiring R&D to create the next generation of
companies like Mechtronix. Mechtronix shows that when governments invest in
concert with our universities to support the industrial world, you create
world class jobs and the global leading companies we all want."
    R&D investment in Mechtronix dates back to the mid 1980s when at
Concordia University, a team of engineering students were challenged to
discover if micro-processors could be used for industrial applications in
flight simulation. These students not only proved that it could be done in
time, but quickly after in 1987, they founded Mechtronix based on this
premise. They accomplished this goal and were being credited by many for
radically changing the way flight training technology was designed and
constructed. Mechtronix has since continued to improve and refine its advances
in R&D through government programs such as the Investissement Québec PASI
program, the government R&D Tax Credit Program and others.
    "We are thankful for the global Québec government support which has been
instrumental in making Mechtronix a leading innovative player in the flight
and simulation training industry worldwide", said its President and member of
the original founding team, Xavier Hervé. "The core of our success relies on
dynamism and exceptional R&D, and we appreciate the fact that our governments
recognize and support this. This is best acknowledged by the regular tributes
paid worldwide by our customers, key suppliers, regulatory agencies and even
our competitors when they follow our tracks. With our governments, we have a
formula for a world class business model that shows how an industry,
university, government and related regional agencies can win together."


    About the Québec Ministry of Economic Development, Innovation and Export
    Trade

    Québec's Ministry of Economic Development, Innovation and Export Trade, a
partner in the development of the aeronautics industry, act to leverage
Québec's economic growth by helping businesses improve their competitiveness.
Among its responsibilities, the ministry implements policies and strategies
for innovation, investment, and market development.

    About Mechtronix World Corporation

    Headquartered in Montreal, Mechtronix World Corporation (Mechtronix) is
the fastest growing designer and manufacturer of flight simulators. Backed by
the Caisse de dépôt et placement du Québec, Canada's largest institutional
investor, as well as Richardson Capital Limited, a leading Canadian private
equity firm, Mechtronix ranks as one of the top leaders in the global flight
simulator market, with a presence in America, Europe and Asia. Through 20
years of passion and dedication, Mechtronix has developed a unique expertise
and proved extensively its vision and leadership for flight training.
Worldwide customers include major airlines, training centers and training
organizations such as CAFUC, Copa Airlines, IFTC Istanbul, Japan Airlines,
Lufthansa Flight Training, Oxford Aviation Academy, TACA Airlines and
University of North Dakota. Mechtronix offers a full range of products from
full flight simulators to flight training devices setting new industry
standards for higher fidelity, reliability, cost efficiency and safety.
Mechtronix is also the only manufacturer which actively provides services for
both commercial and general aviation including support for customers to set-up
their own tailor made training solution at home. For more details visit
www.mechtronix.com.




For further information:

For further information: Québec Department of Economic Development,
Innovation and Export Trade: Anne-Sophie Desmeules, Press Secretary, Office of
the Minister of Finance and minister of Economic Development, Innovation and
Export Trade, (418) 691-5650; Mechtronix Systems Inc.: Adeline Gautier,
Marketing Manager, (514) 342-0800, agautier@mechtronix.com; Media Relations
US: J. Dans, Rogue Wave Creative Group, (914) 393-7758, jdans@warwick.net

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MECHTRONIX SYSTEMS

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