Gastops to receive significant Government of Canada investment to support Next-Gen aerospace technologies

Ottawa, Canada – May 8, 2018

Gastops Ltd., a global leader in equipment condition management solutions, confirmed today that they are part of the Bell-led aerospace consortium to receive a $49.5 million Government of Canada investment.

Innovation, Science and Economic Development (ISED) Minister Navdeep Baines announced the federal investment at the Aerospace Innovation Forum in Montreal earlier this month.

“This has been an exciting process and a wonderful opportunity,” says Gastops President and CEO Dave Muir. “We are proud to have been selected by Bell, and Pratt and Whitney Canada, to participate in supporting the next generation of aerospace technologies.”

Gastops’ role in the project will be the development and demonstration of advanced engine health monitoring based on advanced oil debris monitoring and analysis technologies – online particle detection, offline particle analysis, and fine wear particle analysis.

“We are committed to developing an integrated digital information platform to assess the health of critical engine components and predict their remaining safe useful service lives” explains Muir. “We have been in the health monitoring and predictive maintenance business for a very long time – it’s really our bread and butter.”

In addition to helping shape the future of aerospace technologies, ISED’s $49.5 million investment will create more than 300 jobs in Canada and contribute an estimated $178 million to Canada’s GDP over the next five years.

“We want to thank Minister Baines for his continued dedication to the aerospace industry in Canada,” says Muir. “The faith and commitment he has shown in support of the aerospace sector will ultimately play a large role in Canada continuing to bring innovative solutions to the world.”

About Gastops Ltd.

Gastops (www.gastops.com) is recognized worldwide for its innovative contributions to the maintenance, productivity, and safety of critical equipment used in aviation, energy, marine, rail, and mining industries. We provide advanced equipment health sensing and analysis products, including on-line oil debris sensors, torque measurement sensors, turbine blade health sensors, and at-line oil analysis systems. We also provide a range of specialized technical and engineering services to assist in the design, development and in-service support of equipment control, monitoring and maintenance systems, based on our core competencies of systems analysis, modeling and simulation, software engineering, condition monitoring and equipment repair and overhaul.

Contacts:

Howard Miller
Manager of Communications
Gastops Ltd.
Tel: (613) 744-3530 | hmiller@gastops.com

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