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Atlantic Canada Opportunities Agency : ATLANTIC COMPANIES MAKING A SPLASH AT INAUGURAL OCEANOLOGY INTERNATIONAL CHINA 2013

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09/04/2013 | 09:00pm CET

A delegation of 11 companies is heading to China to showcase their expertise at the inaugural Oceanology International China 2013 exhibition, in Shanghai. The mission follows a visit from a 26-member Chinese delegation, which toured the Atlantic provinces in June to explore development potential for China's burgeoning ocean industry.

In Shanghai, Atlantic Canadian companies will have the opportunity to network with Chinese buyers, industry professionals and government officials. The Atlantic delegation will also visit the provinces of Shandong and Zhejiang to follow up on business leads generated by the Chinese delegation's recent visit.

Oceanology International, held in London every two years, is the world's largest exhibition for marine science and science technology. Building on its success, the event is being held in China for the first time. Oceanology International China is the only forum in Asia for connecting with the region's growing offshore energy and marine industries.

There are some 140 companies active in Atlantic Canada's ocean technology industry, generating over $1 billion in sales annually. The region is home to a wide range of scientific and engineering expertise, including shipbuilding, ocean observation, ocean mapping, charting, cold water engineering and geophysical surveying.

Many experts predict a booming future for China's ocean technology sector. By the end of 2020, the gross domestic product of China's marine industries, including offshore oil and gas exploration, marine transport, coastal tourism, fisheries and shipbuilding, is expected to exceed $814 billion US, according to China's Ocean Development Report for 2011.

A 2012 study of China's ocean technology market, commissioned by the Government of Canada and the four Atlantic provincial governments, found that the country is taking an unprecedented look at economic growth opportunities in its ocean environment. This same study found that Atlantic Canadian companies have the technology, services and expertise to help develop China's ocean technology industry.

China, the world's second largest economy, is the most populous country in the world, with approximately 1.34 billion people. China also ranks fourth among the world's largest importers, underlining the country's huge appetite for raw materials, intermediate products, and innovative technologies.

The Government of Canada and the four Atlantic provinces invested $120,000 in the Atlantic delegation's attendance at the event through the Canada-Atlantic Provinces Agreement on International Business Development (IBDA). The IBDA is a federal/provincial agreement between the Government of Canada (ACOA, Foreign Affairs, Trade and Development Canada, and Industry Canada) and the four provincial governments in Atlantic Canada. It is designed to help Atlantic Canadian businesses enter, explore and succeed in international markets. The IBDA is a key component of a pan-Atlantic effort to foster business relations, attract foreign investment and nurture technological co-operation.

FOR BROADCAST USE:

A delegation of 11 companies is heading to China to showcase their expertise at Oceanology International China 2013, in Shanghai.

The mission follows-up on a visit from a 26-member Chinese delegation which toured the Atlantic provinces in June. In addition to participating in the Shanghai show, the companies will visit other regions of China to follow up on business contacts made in June.

The Government of Canada and the four Atlantic provinces provided support of $120,000 for the business mission through the Canada-Atlantic Provinces Agreement on International Business Development (IBDA). 

-30-

INFORMATION:

Natalie Belliveau
Senior Communications Officer
Atlantic Canada Opportunities Agency
506-851-2085
[email protected]

MEDIA BACKGROUNDER

Following is a list of the Atlantic Canadian companies and organizations taking part in the mission to Oceanology China 2013:

NOVA SCOTIA

Geospectrum Technologies Inc.: Located in Dartmouth, Nova Scotia, GeoSpectrum specializes in underwater acoustics, designing and manufacturing hydrophones and sound projectors. They also provide consulting services on the integration and testing of acoustic systems. www.geospectrum.ca

Hawboldt Industries Ltd.: Chester, Nova Scotia's Hawboldt Industries is a world-class manufacturer and exporter of engineered marine equipment for specialized line-handling and lifting applications. www.hawboldt.ca

MetOcean Data Systems: MetOcean, of Dartmouth, Nova Scotia, designs and manufactures various drifting buoys, environmental platforms, and also produces the world renowned NOVATECH location and recovery, satellite, RF, and strobe locator beacon product line. www.metocean.com

Satlantic: Satlantic, located in Halifax, Nova Scotia, is an advanced ocean technology company that develops optical sensors for aquatic research and water quality monitoring. www.satlantic.com

Vemco - A Division of Amirix Systems: Exporting to over 50 countries worldwide, Halifax, Nova Scotia's Vemco's primary area of expertise is to provide customized underwater acoustic telemetry and tracking equipment to scientists studying the behaviour patterns of marine and freshwater animals. www.vemco.com

Resolution Optics: Halifax, Nova Scotia's Resolution Optics uses patented holographic technology to create a simple yet powerful microscope that can be used for desktop or submersible research in the lab or in the field. The company's microscopes are driven by a software package that is revolutionizing the way research is conducted and supporting breakthroughs in science and industry. www.resolutionoptics.com

XEOS Technologies Inc.: Incorporated in 2004, XEOS Technologies Inc. of Bedford, Nova Scotia, brings together a diverse and experienced skill set to develop leading wireless telemetry products. www.xeostech.com

NEWFOUNDLAND AND LABRADOR

GRI Simulations Inc.: GRI Simulations, of Mount Pearl, Newfoundland and Labrador is a developer of computer-based applications for the marine sector with emphasis on simulations and interaction with remotely controlled equipment. www.grisim.com

Rutter Inc.: Rutter Inc. is a global company, headquartered in St. John's, Newfoundland and Labrador, whose mission is to deliver innovative technologies and engineering solutions worldwide. www.rutter.ca

PanGeo Subsea: PanGeo Subsea of St. John's, Newfoundland and Labrador, is a technology development and service delivery company specializing in 3D and 4D subsea acoustic imaging. The company delivers solutions that mitigate risk and create value for oil and gas, offshore renewable energy and other industries including mining and military applications. www.pangeosubsea.com

eSonar Inc: Based in St. John's, Newfoundland and Labrador, eSonar Inc was formed as an underwater sonar service, development and manufacturing company specializing in high technology products for a wide range of international marine markets.www.e-sonar.

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