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Innovation & Job News

$1 million innovation investment in Teknoscan will create 20 new jobs in Vaughan

Vaughan-based TeknoScan Systems Inc. will build a new manufacturing plant in the city to make its developmental technology for quickly scanning cargo containers for explosives at shipping ports. Over the next year, the new plant is expected to create 20 new jobs in engineering, manufacturing and sales.

The new plant will be financed in part with the help of a repayable grant of $1 million from FedDev Ontario, the federal government's local economic development agency. In making the announcement last week, Minister of State for Democratic Reform Steven Fletcher said, "Our investment in TeknoScan Systems Inc. is helping the company to expand its business and market its products around the world... This investment will create approximately 20 new jobs here in our community and commercialize state-of-the-art technology that will benefit world markets."

Sam Hyams, president and co-CEO of TeknoScan, said that global marketing of the GTA-born technology will be a big part of the immediate growth plans.  "Our goal is to develop and deploy a fast, cost effective system for screening the millions of containers that presently go unchecked," he said. "Designed to test for the presence of drugs and explosives in air samples, our technology offers the potential for 100% cargo screening sought after by security forces the world over. This investment will bring us significantly closer to achieving that goal."

Writer: Edward Keenan
Source: Office of the Honourable Gary Goodyear, Minister of State for FedDev Ontario

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