Business New Brunswick

New Brunswick, federal governments investing in geomatics firm (09/04/08)

NB 462

April 8, 2009

LINCOLN (CNB) - The provincial and federal governments are investing a total of $247,000 to help a Lincoln company acquire new state-of-the-art digital equipment and software. The financial assistance will also help the company, Leading Edge Geomatics Ltd., to undertake promotional activities to enter new markets.

The announcement was made today by Business New Brunswick Minister Greg Byrne and Keith Ashfield, minister of state responsible for the Atlantic Canada Opportunities Agency (ACOA).

"We are proud to help this innovative company get off the ground with its plans to expand its aerial survey and mapping capacity," said Byrne. "I am especially glad that we could join with this entrepreneur through the NB Growth program, which gives small companies the tools they need to build their businesses and compete in more lucrative markets."

The NB Growth program is providing a $60,000 grant. ACOA is providing repayable assistance of $137,500 under its Business Development Program and another $50,000 through its Productivity and Business Skills Program.

"The Government of Canada is committed to working with small- and medium-sized enterprises in Atlantic Canada to help them diversify, boost productivity and improve their competitive edge," said Ashfield "The federal government investment of $187,500 is helping this growing and innovative company offer its specialized aerial digital mapping services across Atlantic Canada and beyond, which is in turn helping to stimulate economic growth and retain highly-skilled young professionals in this region."

Created in 2007, Leading Edge Geomatics Ltd. is unique in Atlantic Canada, offering digital aerial photography services, including aircraft charters, data acquisition and processing and geomatics services. The company already has a diverse range of customers, including the Department of National Defence, New Brunswick's Emergency Measures Organization, and the United States National Oceanic and Atmospheric Agency.

"Thanks to the help of ACOA and NB Growth, we have been able to create a successful start-up business," said William Kidman, president of Leading Edge Geomatics Ltd. "The Maritimes are fortunate to have world-leading geomatics programs at the University of New Brunswick and the Centre for Geographic Science, which generate some of the top professionals in the industry. Leading Edge been able to acquire the technology we need through this support, and it has also meant that geomatics professionals trained in this region may stay here rather than have to leave the province to seek employment elsewhere."

09/04/08

MEDIA CONTACTS: Ryan Donaghy, communications, Business New Brunswick, 506-453-2694; Peta Fussell, communications, Atlantic Canada Opportunities Agency, 506-452-3304, William Kidman, president, Leading Edge Geomatics Ltd., 506-446-4403.

09/04/08