Richmond Business News – March 2019

It’s been a busy start to 2019 with Richmond-based companies being recognized both nationally and internationally with prestigious awards, major business acquisitions, expansions and partnerships being developed and YVR announced the airport broke a new passenger record in 2018.

First Indigenous woman-owned airline in Canada launches out of YVR

The Richmond-based company, Iskwew Air, chose International Women’s Day to launch their scheduled and chartered aviation business which will service remote communities across the province in an effort to boost accessibility and Indigenous tourism.
Business in Vancouver • March 12

MDA supports FIRST Robotics Canada with $50,000 Gold-Level Sponsorship

MDA, a Maxar Technologies company (NYSE: MAXR) (TSX: MAXR), announced that it has partnered with FIRST Robotics Canada as a gold sponsor of the robotics competition “Destination: Deep Space.”
BC Tech News • March 7

Mr. Lube Recognized as Platinum Club Member Canada’s Best Managed Companies

Mr. Lube announced that it has been recognized with the designation of Platinum Club Member by Canada’s Best Managed Companies in 2018. To achieve this Platinum designation, Mr. Lube has been named a Best Managed Company for seven years in a row. Mr. Lube is headquartered in Richmond,
GlobeNewswire • March 7

Corvus Energy Strengthens Its Product Portfolio for Maritime Batteries With Acquisition of Grenland Energy

Richmond based Corvus Energy Holding AS, a world-leading supplier of Energy Storage Systems (ESS) to the maritime industry, announced that it has signed an agreement to acquire all shares in Grenland Energy AS.
BC Tech News • Feb 26

Saltworks Technologies goes from local startup to multinational company

In the 10 years since winning the New Ventures Competition presented by Innovate BC (one of North America’s largest startup business competitions), Saltworks Technologies has established itself as the leader in integrated water technology—designing, building, and operating full-scale water treatment systems worldwide.
Innovate BC • Feb 21

SUCCESS partners with Ikea Richmond to bring jobs to refugees

As part of a three-year partnership, Ikea Richmond is teaming up with SUCCESS to create new job opportunities for refugees.
Richmond News • Feb 20

B.C. software firm Talemetry acquired in US$200m, multi-company deal

U.S.-based K1 Investment Management is buying out Richmond’s Talemetry Inc., along with three other recruitment-focused firms, with the aim of building a larger parent company to corner the market.
Business in Vancouver News • Feb 15

Montreal-based investment firm acquires Richmond business park for $208M

Montreal-based Fiera Properties has purchased the Airport Executive Park in Richmond, B.C. from Sun Life Financial, for $208 million.
Western Investor • Feb 14

YVR traffic breaks new record in 2018

Vancouver International Airport (YVR) has seen record-breaking growth in passenger numbers for 2018, according to a Wednesday announcement. Last year, YVR welcomed more than 25.9 million passengers, which is a 7.3 per cent increase compared to 2017.
Richmond News • Feb 14

Photon Control Announces Opening of New Silicon Valley Office

Photon Control Inc. (TSX: PHO), a leading developer and supplier of optical measurement technologies to the global semiconductor industry, announced it has opened a new office in San Jose, California, effective on February 1, 2019.
BC Tech News • Feb 12

7 BC Companies Named to Prestigious 2019 Global Cleantech 100 List

Seven BC companies (among twelve Canadian companies overall) have been named to the prestigious 2019 Global Cleantech 100, an annual guide to the world’s top 100 companies in sustainable technology innovation. This includes Richmond based company, Cooledge Lighting.
BC Tech News • Jan 29

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