CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

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CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

Government of Canada invests in green innovation with support for Laserax

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The federal government has announced a repayable contribution of $1million for Quebec manufacturer Laserax.

This CED assistance, provided through the Canada Economic Development for Quebec Regions (CED) program will facilitate the business’s efforts to commercialize new laser welding equipment that will make it possible to produce electric vehicle batteries more quickly.

Founded in 2010 and led by two graduates of Université Laval’s Centre for Optics, Photonics and Lasers, Laserax is an exporting technological SME specializing in the design, manufacture, and commercialization of systems using lasers, a green technology, in industrial applications. Its positioning in the electric vehicle battery industry has led the business to develop a new patented product, a laser welder for the manufacture of battery modules. This project aims to commercialize this product and strengthen the SME’s capacity for innovation.

“The climate crisis remains one of the greatest challenges of our time. Our government therefore encourages homegrown businesses to develop more eco-friendly processes and products—as is the case today with Laserax. We are continuing to build a more sustainable economy for the benefit of future generations,” said Steven Guilbeault, Minister of Environment and Climate Change.

CED is the key federal partner in Quebec’s regional economic development. With its 12 regional business offices, CED accompanies businesses, supporting organizations and all regions across Quebec into tomorrow’s economy. In Quebec, SMEs account for 99.7% of the province’s businesses and 50% of its GDP.

“Thanks to our strategic partnership with CED, Laserax is leaping ahead, accelerating the commercialization of our laser welding technology and solidifying our position as a leader in the electric vehicle battery industry. This is wonderful recognition of our commitment to innovation and eco-friendly technology. Together, we are building the future of sustainable mobility,” said Xavier Godmaire, President, Laserax.

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