Grants and Contributions:
Title:
Velocity NEXT - Harsh Condition Survival Initiative
Agreement Number:
956192
Agreement Value:
$500,000.00
Agreement Date:
Sep 1, 2020 - Aug 31, 2022
Description:
• Reduce shock transfer to the MWD system over a wide frequency spectrum
• Create an MWD decoder that employs advanced machine learning algorithms to automatically optimize parameters and unify systems.
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 T2P 0C1
Reference Number:
172-2020-2021-Q2-956192
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Business Number:
128599701
Recipient Type:
For-profit organization
Additional Information:
This agreement has been amended 2 time(s). The total amended value is 100,000 dollars.
Amendment Date
Mar 9, 2022
Recipient's Operating Name:
PHX Energy Services Corp.
Recipient's Legal Name:
Phoenix Technology Services Inc.
Federal Riding Name:
Calgary Centre
Federal Riding Number:
48004
Program:
Industrial Research Assistance Program – Contributions to Firms
Program Purpose:
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
Coverage:
IRAP Contributions to Firms projects stimulate wealth creation for Canada through technological innovation.
NAICS Code:
213118
Amendments: