FREDERICTON – C-Therm Technologies celebrated the Grand Opening of a new facility in downtown Fredericton Friday.
The Atlantic Canada Opportunities Agency (ACOA) is investing a total of $267,500 to help C-Therm expand its export markets, boost lab services and increase sales.
The investment includes $217,500 through ACOA’s Business Development Program to help expand its international marketing capacity and grow export markets. Another $50,000 will support the hiring of a lab director, who will help the company expand its lab service to qualify as a Health Canada-approved testing facility.
“We’re extremely proud. This technology was developed in New Brunswick. C-Therm’s products are helping clients such as Adidas and NASA drive innovation in their material development,” said C-Therm Technologies Managing Director Adam Harris in a press release.
C-Therm provides sensor technology that characterizes materials for their heat transfer properties. For example, C-Therm helps its clients in the clothing and textile industries understand how their products feel – whether they’re cool or warm to touch, whether they’re cozy or not.
“We’re the best in the world at what we do and we are doing it from Fredericton. It is evident in the clients that continue to seek out our unique material characterization capabilities. This investment will drive our further export growth in Asia and enhance our service offering,” said Harris.
He said C-Therm’s growth in the last few years required it to move to a bigger facility. The new facility in downtown Fredericton will make the company more attractive and help with the recruitment and retention of employees, he said.
“The funding has enabled us to increased our bench strength in building an incredibly strong team with deeper expertise in material characterization,” Harris said at the announcement.
“As we look forward – C-Therm’s goal is to double in size every three years in supporting our clients in increasingly more challenging environments and conditions. That’s ambitious – and we aren’t going to shy away from the challenge,” he added.
“It’s great to see C-Therm Technologies building a solid foundation in Fredericton. Everything is available right here to create globally competitive companies,” said Matt DeCourcey, MP for Fredericton, who was on hand for Friday’s Grand Opening.
DeCourcey made the announcement on behalf of the Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for ACOA.
C-Therm, whose business is 90 per cent export-based, has clients from Germany to Japan.
“Matt [DeCourcey]’s 100 per cent correct that everything thing we need to do is here in Fredericton and there isn’t a place we’d rather be doing this from. We’ve created 26 jobs high-tech jobs in an innovation-driven company working with the very best clients around the world. This support will help us continue to build our team and broaden our reach to markets overseas,” Harris said.