Grants and Contributions:

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Title:

820199

Agreement Number:

820199

Agreement Value:

$55,692,000.00

Agreement Date:

May 12, 2026 - Apr 1, 2050

Description:

This project will develop and commercialize the company’s protective coatings for aerospace engines and expand its facility. The project’s work phase is scheduled to end on March 31, 2031.

Organization:

Innovation, Science and Economic Development Canada

Expected Results:

The investment will allow the company to capture growing market demand and scale up existing technology in order to maximize engine efficiency, minimize maintenance costs, and reduce emissions.

Location:

SLEMON PARK, Prince Edward Island, CA C0B 2A0

Reference Number:

033-2026-2027-Q1-820199

Agreement Type:

Contribution

Report Type:

Grants and Contributions

Recipient Business Number:

889776738

Recipient Type:

For-profit organization

Additional Information:

Recipient's Operating Name:

MDS Coating Technologies Corporation

Recipient's Legal Name:

MDS Coating Technologies Corporation

Federal Riding Name:

Egmont

Federal Riding Number:

11003

Program:

Strategic Response Fund

Program Purpose:

Encourage R&D that will accelerate technology transfer and commercialization of innovative products, processes and services;-Facilitate the growth and expansion of firms in Canada;-Attract and retain large scale investments to Canada; and-Advance industrial research, development and technology demonstration through collaboration between academia, non-profit organizations and the private sector. Increasing manufacturing capacity; Improving production efficiency through improvements to plant and equipment.

NAICS Code:

339990