News Service

  • 5 hours ago
    Toronto-based Spin Master Corp., a global children's entertainment company, has launched the Hatchimals toy brand and its PAW Patrol TV show and toys in China. Beginning in July 2017, Hatchimals and PAW Patrol toys will be available across the top online sellers, at 137 Toys "R" Us stores, and at department store chains throughout China.
  • 5 hours ago
    Tourisme Montréal and the Tourism Administration of Guangzhou Municipality, China, have signed a memorandum of understanding on the margins of the Metropolis World Congress, which is being attended by 100 mayors from the world's largest cities. The tourism bureaus have agreed to work together on boosting tourism numbers and promoting bi-directional urban tourism. They will share their knowledge...
  • Yesterday
    Murad Al-Katib, President and CEO of Saskatchewan-based AGT Food and Ingredients Inc., has been named EY World Entrepreneur of the Year. He was chosen from among the 59 country winners vying for the title. Murad started AGT Food and Ingredients in 2003 and it has since grown into the world’s largest vertically integrated supply chain for lentils, chickpeas and peas. Identifying an opportunity to...
  • Yesterday
    Longeuil, Quebec-headquartered Pratt & Whitney Canada (P&WC) has signed a definitive agreement with the Aviation Industry Corporation of China (AVIC) to supply its PW150C engine to power AVIC’s MA700 aircraft, a regional turboprop plane. P&WC has a long-standing relationship with AVIC dating back to the late 1980s. AVIC is a Chinese aerospace company based in Beijing. 
  • Yesterday
    Aurora Solar Technologies, a North Vancouver-based company focused on measurement and control technologies used during solar cell manufacturing, has received an order from a confidential customer in China for multiple quality control systems and software used in the solar cell manufacturing process. This is Aurora’s first large volume order from China and follows its investment in an office in...
  • 2 days ago
    Bombardier Commercial Aircraft has announced that it has signed a letter of intent (LOI) with SpiceJet, a low-cost airline based in the Indian city of Gurgaon, for 25 of its Q400 turboprop aircraft and purchase rights on an additional 25 planes. The agreement could be valued at up to US$1.7 billion based on the aircraft’s current list price. Bombardier is a Montreal-headquartered maker of planes...
  • 2 days ago
    Montreal-based CAE Inc. has announced a series of aviation training solution contracts with fleet operators and airlines, including Ethiopian Airlines, Air India, and Japan Airlines. These agreements, valued at approximately C$85 million, cover airline pilot and cabin crew training, crew resourcing, business aviation pilot training programs, as well as the sale of one full-flight simulator to Air...
  • 2 days ago
    Richmond, B.C.-based Zecotek Photonics Inc.'s wholly owned division, Zecotek Imaging Systems Pte. Ltd., has received patent in China for an advanced formulation of certain of its patented scintillation crystals. This is its second patent in a series of worldwide, pending patents for this scintillator technology. Zecotek Photonics is a photonics technology company developing high performance...
  • 3 days ago
    Vancouver-headquartered Carl Data Solutions Inc., a developer of Big-Data-as-a-Service (BDaaS)-based solutions for data integration, business intelligence, and industrial Internet-of-things applications, is in the bidding process on two different infrastructure projects in Bhopal, one of India’s flagship ‘Smart Cities.’ With the support of Export Development Canada and its Indian trade...
  • 3 days ago
    Montreal-based Peak Positioning Technology Inc.’s subsidiary, Asia Synergy Data Solutions, which operates the Cubeler fintech commercial lending platform in China, has signed its first lender partnership agreement with small business lender Jiu Dong. Jiu Dong is a non-bank financial institution specializing in consumer and small business loans secured by the consumer or the small business owner's...
  • 3 days ago
    Montreal-headquartered Bombardier Inc.’s Bombardier Commercial Aircraft has signed an agreement with Philippine Airlines Inc. to deliver seven Q400 aircraft. This latest agreement brings Philippine Airlines' total order to 12 Q400 aircraft, following the original order for five Q400s in December 2016. The total order is valued at roughly US$235 million. The flag carrier airline of the Philippines...
  • 6 days ago
    Asia Pulp & Paper (APP) has announced a Canadian market expansion that will allow printers, publishers and paper converters in Eastern Canada to access a wider range of sustainable paper and packaging products. APP’s new sales network is now shipping its line of paper and paperboard products from Indonesia and China to Nova Scotia, New Brunswick and Prince Edward Island. APP, based in Jakarta...
  • 6 days ago
    Norsat International Inc., the Vancouver-based tech firm at the centre of duelling acquisition bids, says China-based Hytera Communications has matched a US$67.3 million rival takeover offer from an American fund manager. Hytera made its friendly takeover bid last year and received federal clearance under the Investment Canada Act this month. Privet Fund Management LLC, a U.S. company that...
  • 6 days ago
    Waterloo, Ontario-headquartered BlackBerry is reportedly relocating its BBM messaging service from  on-premises data centres in Canada to a new home in the cloud in Asia. BlackBerry previously entered into a strategic alliance with PT Elang Mahkota Teknologi Tbk, a subsidiary of one of Indonesia’s largest media groups, Emtek, which took charge of maintaining and developing the BBM service....
  • June 15, 2017
    Calgary-headquartered DeepMarket Corp. has secured a strategic investment from Hong Kong-based Allstate Enterprise Consulting to facilitate a business strategy and distribution partnership to bring DeepMarkit’s gamified promotions platform into the Chinese market through Allstate's extensive network of over 15,000 agents. Allstate has agreed to purchase 12.5 million common shares for total gross...
  • June 15, 2017
    Montreal-headquartered Intertape Polymer Group Inc. (IPG), an industrial and retail films and fabrics manufacturer, has entered an agreement to acquire a majority stake in Capstone Polyweave Private Ltd. (Capstone), a newly formed enterprise in India, which is expected to lead to a Capstone greenfield manufacturing facility in Karoli, India. The partnership will provide IPG with a globally...
  • June 15, 2017
    Toronto-headquartered First Global Data Ltd., an international financial services technology company, has signed an agreement with Chandigarh-headquartered Bohdi Systems Pvt. Ltd. to provide financial services to the disadvantaged and lower-income demographic in India. The service is called DhanMitra and is currently being implemented on the First Global mobile wallet deployment via rural banks...
  • June 14, 2017
    Toronto-headquartered Zara Resources Inc.’s proposed acquisition Fox Magnum Automotive group, has signed a manufacturing and distribution deal with a South Korea investment group. The group has agreed to pay Fox Magnum approximately C$3.7-million for electric car manufacturing equipment, as well as the exclusive manufacturing and distribution rights for South Korea. A condition of the Zara...
  • June 14, 2017
    Edmonton-based Exciton Technologies, an advanced materials research and development company, has received approval from the China Food and Drug Administration (CFDA) for Exsalt, the company's line of wound care products that uses the antimicrobial properties of silver to prevent infection. The registration process was led by MKS Medicine Technology, a Beijing-based medical device company that...
  • June 14, 2017
    Montreal startup Element AI has reportedly secured US$102 million from Microsoft, Intel, and several other investors to fund its goal of becoming a leader in artificial intelligence (AI). The financing is expected to create 250 jobs in Toronto and Asia by January. Element plans to bring AI capabilities to traditional industries, such as manufacturing and financial services. The financing, led by...

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