Canada's Economic Action Plan Invests in Two Cambridge Area Businesses and Creates Jobs

For immediate release
May 28, 2010

Ayr, Ontario — Residents and businesses in the Cambridge area will benefit from an investment of more than $1.5 million for two economic stimulus projects. The announcement was made today by the Honourable Gary Goodyear, Minister of State responsible for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario) at New Age Robotics & Controls Inc.

"I'm pleased this investment will help two Cambridge area businesses expand their operations and become more competitive," said Minister Goodyear. "Our government will continue to work with organizations and businesses across southern Ontario to create jobs and strengthen the economy."

New Age Robotics & Controls Inc., a robotic service company, will receive up to $616,625 to develop a prototype robotic stone carving system that can create architectural and artistic stone carvings. The company will also be able to diversify its clientele and directly target the end market, including high-end home builders and church builders.

"Thanks to funding from the Community Adjustment Fund, our company is diversifying and finding new markets outside of the declining automotive industry and developing a 'cyber sculptor'," said Cornel Cosma, President of New Age Robotics & Controls Inc. "The new direction is art, construction, architectural stone and sculpting, an area where robots have the potential to make a huge impact."

Minister Goodyear also announced a contribution of up to $946,625 for Pro-Flange Ltd., a licensed manufacturer of pipe connectors for the petrochemical industry. This contribution will be used to expand its manufacturing facility, buy new equipment and increase marketing and training. This funding will also allow Pro-Flange Ltd. to become more competitive in Canada, the United States and other foreign markets.

These projects will be funded under the Community Adjustment Fund in southern Ontario, which will create immediate employment opportunities and support the local economies that have been struggling with the effects of the global economic downturn. Other projects approved under the Community Adjustment Fund will be announced over the coming weeks. Approved projects must meet the terms and conditions set out in their contribution agreements.

FedDev Ontario was created as part of Canada's Economic Action Plan to support economic and community development, innovation, and economic diversification, with contributions to communities, businesses and non-profit organizations in southern Ontario. To learn more about FedDev Ontario and the Community Adjustment Fund in southern Ontario, please visit the website at www.feddevontario.gc.ca, or call 1-866-593-5505. For additional information on Canada's Economic Action Plan, visit www.actionplan.gc.ca.

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For more information, contact:

Gary Toft
Director of Communications
Office of the Honourable Gary Goodyear
613-943-7599

Media Relations
FedDev Ontario
416-973-5945