The Government of Canada is
helping businesses grow locally and compete globally, while
positioning B.C. as a leader in clean technology
NANAIMO,
BC, June 27, 2024 /CNW/ - Across British
Columbia, forward-thinking businesses are developing solutions to
global environmental challenges. In Nanaimo, VMAC – which
stands for Vehicle Mounted Air Compressors – is enabling more
sustainable commercial transportation options and contributing to a
resilient and competitive local economy.
Today, the Honourable Harjit S. Sajjan, Minister of Emergency
Preparedness and Minister responsible for the Pacific Economic
Development Agency of Canada
(PacifiCan), announced over $3.1
million in funding for VMAC to increase production of its
air compressor technology, designed specifically for heavy duty
commercial electric vehicles.
VMAC's mobile compressors use patented technology to compress
air, which is used to power commercial electric vehicle parts such
as air brakes. This innovative technology allows for reduced fuel
consumption, lower emissions and enhanced operational
efficiency.
With this funding through PacifiCan's Business Scale-up and
Productivity program, VMAC will expand its manufacturing
facility, install new machines, implement a marketing plan and hire
new personnel. VMAC's innovations will help meet the growing
demand for zero-emission commercial vehicles.
The investment announced today aligns with PacifiCan's
commitment to boosting advanced manufacturing and clean technology
in B.C. Projects like this drive innovation, revenue growth and job
creation, supporting PacifiCan's vision of enduring prosperity for
all British Columbians.
Quotes
"Throughout British Columbia,
our communities are working to build a cleaner, more
prosperous future. Today's announcement demonstrates PacifiCan's
commitment to nurturing local businesses, fostering their growth
here at home and helping them compete globally. This investment
will give VMAC the resources it needs to meet demand for its
innovations and create good quality jobs here in B.C."
- The Honourable Harjit S. Sajjan,
Minister of Emergency Preparedness and Minister responsible for the
Pacific Economic Development Agency of Canada (PacifiCan)
"VMAC wishes to express our gratitude for PacifiCan's Business
Scale-up and Productivity program funding. This support allows us
to expand into new markets and grow exports, create new
manufacturing jobs, invest in innovative technology and equipment,
and enhance processes to develop B.C. manufactured clean technology
for heavy-duty electric vehicles. As a global leader in
compressed air innovation, VMAC's new business venture is helping
the world transition to a zero-emission future with commercial
electric vehicle air brake compressors."
- Brent
Johnston, CEO, VMAC
Quick Facts
- PacifiCan is the dedicated federal economic development agency
for British Columbians. PacifiCan's programs and services help
businesses, not-for-profits and communities grow stronger.
- The Business Scale-up and Productivity program makes strategic
investments in key economic sectors, helping innovative companies
accelerate their growth and compete globally.
Associated Links:
- PacifiCan
- Business Scale-up and Productivity program
- VMAC
Stay connected
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Toll-Free Number: 1-888-338-9378
TTY (telecommunications device for the hearing
impaired): 1-877-303-3388
SOURCE Pacific Economic Development Canada