Ottawa, Canada: Giatec Scientific will receive a combined $3.2 million in federal funding to further study how the company’s technology can reduce the amount of CO2 emissions associated with concrete production.
Funding of $2.4 million was announced by the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development on October 3rd, 2018, as part of a $58.6 million investment in 14 Canadian clean technology companies. These projects are being funded through Sustainable Development Technology Canada (SDTC), which works with Canadian companies to bring clean technologies to market. Giatec is well positioned to capitalize on the growth of cleantech, as Global experts expect the clean technology market to grow to $2.5 trillion by 2022.
Giatec will also receive a contribution of up to $800,000 from the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP) to support the research and development of artificial intelligence (AI) applications for predictive concrete analysis.
Giatec is revolutionizing the construction industry by bringing smart concrete testing technologies and real-time data collection to the forefront of every jobsite. Giatec has a full range of hardware and software which analyzes data during design, production, delivery, placement, and service. Giatec also creates non-destructive testing products for measuring and monitoring the life cycle of concrete structures. Headquartered in Ottawa, Canada, Giatec was recognized in 2018 as one of the country’s fastest growing companies.