Dartmouth’s Lorax Systems Inc. developing world-leading mechanical gas leak detection and control system
Dartmouth, NS – Adopting clean technology innovations helps companies better control costs, improves their global competitiveness and reduces negative effects on the environment. Driven to provide practical solutions to real world problems, Lorax Systems Inc. has developed the Meter Valve, a mechanical device that detects natural gas leaks and automatically stops the flow of the fuel in the event of fire, flood or as requested by the utility.
The company is working to commercialize this industry-leading product that will help keep the public safe, protect the environment and reduce costs for consumers thanks to support from the Government of Canada. The Meter Valve will also be tested to meet regulatory requirements needed to help it expand into the American and domestic natural gas markets.
Darren Fisher, Member of Parliament for Dartmouth-Cole Harbour, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for the Atlantic Canada Opportunities Agency (ACOA), announced support to Lorax Systems Inc. for product development and sales activities.
The Government of Canada provided a $750,000 repayable contribution, through ACOA’s Business Development Program, for the project.
This investment builds on commitments made by the Government of Canada and the four Atlantic Provinces to drive economic growth in the region through the Atlantic Growth Strategy, which supports strategic investments in initiatives that build on the region’s competitive advantages, such as its strong export potential, growing innovation network, and skilled workforce.
Source : Government of Canada