Supporting the Supply and Service Industry

The Honourable Andrew Parsons, Minister of Industry, Energy and Technology, today announced over $907,000 in program funding to support various companies with the development and marketing of new and innovative technologies in the supply and service sector.

Terrapure, PanGeo Subsea and AltoMAXX Technologies were approved for funding that focuses on growing and diversifying our province’s oil and gas supply and service capabilities. Support for these projects builds on priorities outlined in Advance 2030 – A Plan for Growth in the Newfoundland and Labrador Oil and Gas industry.

Terrapure – $545 892 is approved to assist with the development of an automated tank cleaning project. With increasing demands by sector operators to lower operating cost and improve overall performance, this funding will help Terrapure with increased operational efficiency and work site safety. With local operations in St. John’s and Foxtrap, Terrapure provides essential environmental and manufacturing services for industrial, commercial and institutional end markets. The company is matching the Provincial Government contribution.
PanGeo Subsea – $125,000 is approved to design, develop and test a proposed new trailing arm, called ‘GeoArm’. This innovative device will provide oil and gas clients with a more efficient and effective solution for reviewing shallow water site surveys. Funding will allow the company to offer clients a full ‘shore to platform’ solution, addressing the current needs of the oil and gas sector. PanGeo Subsea is a majority-held Newfoundland and Labrador company that specializes in advanced, high definition, 3D acoustic technology. The company is contributing $125,000 towards this project.
AltoMAXX Technologies – $89,000 is approved to support a proof of concept study for the use of an unmanned aerial vehicle (UAV)-based laser methane leakage detector. This funding will support the company’s innovative solution that allows a laser methane leakage detector to be mounted on a UAV. Considered a Canadian UAV leader, AltoMAXX will utilize its technology to the benefit of the Newfoundland and Labrador oil and gas sector. The company is matching the Provincial Government contribution.

SubC Control and GFI Composites are receiving business development funding to support enhanced marketing and development opportunities.

Located in Clarenville, SubC Control is approved for $75,000 to assist with a digital marketing strategy including social media advertising, virtual trade shows and other promotional activities. SubC Control develops underwater camera systems that autonomously collect ultra-high resolution video footage and image data. The company is providing $25,000 towards this project.
GFI Composites is approved for $72,544 to assist the company with market development including professional technical advice. GFI Composites has been supplying safe and reliable fiberglass solutions to the oil and gas industry, construction industry, and mining industry for over 25 years. The company is contributing $24,181 towards the project.

Quotes
“Our government’s support for these companies demonstrates a commitment to identifying and exploring new opportunities, as well as building on existing strategies used by these firms. These contributions align with our efforts to develop innovative technologies, ensuring our workers benefit through the creation of highly-skilled local positions.”
Honourable Andrew Parsons
Minister of Industry, Energy and Technology

“PanGeo Subsea appreciates the continuous support from the Department of Industry, Energy and Technology and we recognize the value of this funding towards helping our company develop innovative technology solutions to support offshore operations. Funding from the Innovation and Business Development Fund will make it possible for us to design and develop an innovative platform, called the GeoArm™ to enhance our service offerings with our Sub Bottom Imager™ technology.”
Moya Cahill
CEO, PanGeo Subsea

“We would like to express our gratitude for the assistance we have received from the province and, in particular, the Department of Industry, Energy and Technology. Along with us, you saw the opportunity to spur regional development, enhance our capacity to explore new market opportunities and support our industry. It is expected that GFI Composites will identify opportunities that will expand our product offering and increase employment in Bay Bulls and the neighboring communities.”
Pat Galway
President, GFI Composites

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Learn More

Innovation and Business Development Fund

Advance 2030

Terrapure

Pangeo Subsea

AltoMAXX Technologies

SubC Control

GFI Composites

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Media contacts
Eric Humber
Industry, Energy and Technology
709-729-2691
erichumber@gov.nl.ca

Shelly Petten
PanGeo Subsea
709-739-8032
spetten@pangeosubsea.com