METEGHAN RIVER, NS, Dec. 12, 2011 /CNW/ - Boats are not normally made to
be sunk, but manufacturing a vessel to do just that has propelled
70-year-old A. F. Theriault & Son Ltd. from traditional boat building into cutting edge innovation, and
helping to train navies around the world in the process.
A need to diversify from dependence upon the local fishing industry was
what first inspired the Nova Scotia-based boatbuilding company to
partner with Meggitt Training Systems Canada Inc. to develop innovative
new boatbuilding techniques and a new training vessel that would
revolutionize live military operation exercises — and open up a whole
new world of opportunity in international markets.
The Hammerhead Unmanned Surface Vehicle Target (or, USV-T) soon emerged
from their collaborative efforts — a new radio-operated training boat
designed for use in navy training exercises in Canada and around the
world. Cost effective and disposable, the units are made to simulate a
multi-vessel swarm threat in the water.
Today, A. F. Theriault & Son has already manufactured several high speed
Hammerhead hulls— which they have sold to the Canadian navy—and which
are generating interest from navy forces around the world.
As one of the largest privately owned shipyards in the Atlantic region,
the company, established in 1938, employs over 150 people and is now in
its third generation of boatbuilding and repair under the direction of
its President, Arthur Theriault.
"All of our recent projects — whether they are focused on technological
innovation, increasing efficiencies or diversification — would not have
been possible without support from ACOA," says Theriault.
Thanks to assistance from ACOA's Business Development Program, the
Atlantic Investment Partnership, and the Technology Advancement
Program, the company has brought several important projects forward.
Projects like constructing new installations and building experimental
boats … not to mention hiring specialized staff.
Meanwhile, the company's efforts to innovate and diversify are certainly
gaining them praise in high places — including prestigious recognition
as a processing company in the 2009 Laurier de la PME, a national prize
recognizing excellence in Francophone entrepreneurship and small
business across Canada.
All in all, it's just another reason to believe this is one longstanding
company that will continue to sail the waters of success for years to
Want to see the Hammerhead in action? Check out this clip from the Discovery Channel's Daily Planet, which aired September 10th,
ACOA celebrates 2011, "The Year of the Entrepreneur"
In recognition of 2011 as the "The Year of the Entrepreneur" the Atlantic Canada Opportunities Agency is celebrating the
accomplishments of A.F. Theriault of Meteghan River, NS, and the
contributions they are making to Canada's economic success. From down
home to the far corners of the globe - be sure to read more about other Atlantic Canadian entrepreneurs like them whose drive and dedication are proving a fast match for success.
Quick Facts on Entrepreneurship and ACOA
Did you Know?
Globally, Atlantic Canadian firms conduct over $73 million in
international trade every day.
For every dollar ACOA has invested in businesses, more than $7 is added
to Atlantic Canada's GDP.
ACOA has a long history of working with entrepreneurs from communities
like Meteghan River, and has recently been recognized for its efforts to strengthen official languages minority communities.
Building a stronger economy together
The Atlantic Canada Opportunities Agency works with business and
communities to make Atlantic Canada's economy more innovative,
productive and competitive. Together, with Atlantic Canadians, we are
building a stronger economy.
To read the video transcription, please visit the following link:
Video with caption: "Video: A. F. Theriault & Son Ltd.". Video available at: http://www.youtube.com/watch?v=HC9GOi0RE7Q
Image with caption: "Gilles Theriault, Assistant Superintendent, A.F. Theriault & Sons Ltd. Boatbuilding and Repair (CNW Group/Atlantic Canada Opportunities Agency (ACOA))". Image available at: http://photos.newswire.ca/images/download/20111212_C5172_PHOTO_EN_8171.jpg
SOURCE Atlantic Canada Opportunities Agency (ACOA)
For further information:
Manager, Corporate Communications
Atlantic Canada Opportunities Agency