$1 million for Toronto firm to expand into new sectors and create 17 new skilled jobs
November 20, 2020 – Toronto, Ontario
Technology is key to developing new products and new business processes. Canada’s tech firms are harnessing the transformative power of digital technology to support skilled jobs and economic growth across industries, allowing our regions to be more resilient in the face of COVID-19.
Unlocking the potential for market growth and job creation
Today, Han Dong, Member of Parliament for Don Valley North, announced a FedDev Ontario investment of $1 million to support the scale-up of Advanced Opto-Mechanical Systems and Technologies Inc. (AOMS Technologies), a leading Canadian technology company based in Toronto. This announcement was made on behalf of the Honourable Mélanie Joly, Minister of Economic Development and Official Languages and Minister responsible for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario).
AOMS Technologies is working to scale-up, commercialize and adapt its patented fiber-optic and digital internet of things (IoT) platforms LumiRem, LumiCon, and LumiAPM, used widely across the environmental remediation sector, as it prepares for expansion into new markets, including the construction sector, with the vision of making smart construction sites a new reality.
The company’s data sensing technology is designed to withstand extreme industrial conditions in addition to being recoverable and reusable for future projects. Its cloud-based IoT solutions have been deployed successfully in a wide range of harsh environments including: corrosive environments; heavy industries; high voltage environments; difficult to access locations; extreme temperatures; and explosion-prone environments. The Lumi platforms are designed for the remote inspection of assets, buildings, civil infrastructures, and machinery equipment, enabling data to be obtained without stepping foot on a work site, which is beneficial in a social distancing environment as a result of COVID-19.
With FedDev Ontario support, AOMS Technologies expects to grow its revenue substantially over the next three years and create 17 skilled jobs across Toronto, primarily in the fields of Science, Technology, Engineering and Math (STEM). This investment supports the global scale up of a Canadian ICT firm in the fast-growing IoT ecosystem.