Genia Photonics Granted Loan
Genia Photonics of Laval, Quebec, Canada, has received $300,000 in financial assistance from the Canadian government to acquire state-of-the-art production equipment and laboratory materials. The repayable funding was awarded under the Canada Economic Development’s business and regional growth program and could result in the creation of 22 jobs by 2014. The equipment and laboratory facilities will enable the company to meet growing customer demand and to further accelerate research and development it has initiated over the past two years. Genia Photonics supplies pulse-programmable and multifunctional fiber-based lasers for security, biomedical, pharmaceutical and chemical applications.