Grants and Contributions:

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Title:

General Magnetic Technology Improvements

Agreement Number:

930720

Agreement Value:

$290,000.00

Agreement Date:

Jul 1, 2019 - Feb 28, 2021

Description:

Five GMCI technologies require further development: First, a more robust electronic brake for new requirements emanating from motor re-certification. Second, a micro motor controller to optimize the potential of existing Micro PMM motor for multiple applications. Third, a 75% larger PMM Top Drive for a lucrative performance niche in the market. Fourth, a rod shear product, expanding capabilities from existing PCP to more challenging LRP applications, potentially increasing market size by a factor of 10. Fifth, a more robust dual sided gearbox enabling GMCI to remain the premier chemical injection solution for high pressure gas wells.

Organization:

National Research Council Canada

Expected Results:

The purpose of IRAP Contributions to Firms is to support research, development, adoption and/or adaptation of innovative or technology-driven new or improved products, services or processes in Canada up to their commercialization

Location:

Calgary, Alberta, CA T2Z 3R7

Reference Number:

172-2019-2020-Q2-930720

Agreement Type:

Contribution

Report Type:

Grants and Contributions

Recipient Business Number:

856509302

Recipient Type:

For-profit organization

Additional Information:

This agreement has been amended 1 time(s). The total amended value is 25,000 dollars.

Amendment Date

Jan 28, 2021

Recipient's Operating Name:

General Magnetic Canada Inc.

Recipient's Legal Name:

General Magnetic Canada Inc.

Federal Riding Name:

Calgary Shepard

Federal Riding Number:

48011

Program:

Industrial Research Assistance Program – Contributions to Firms

Program Purpose:

Coverage:

IRAP Contributions to Firms projects stimulate wealth creation for Canada through technological innovation.

NAICS Code:

335312

Amendments:

See Amendments