Investing in people, discovery and innovation

Research Means BusinessA directory of companies built onNSERC-supported university research

Natural Sciences and Engineering Research Council of Canada

Conseil de recherches en sciencesnaturelles et en génie du Canada

Published by theNatural Sciences and Engineering Research Council of Canada350 Albert Street, Ottawa, Ontario K1A 1H5CANADA

Telephone: (613) 996-3078 or (613) 992-7788Facsimile: (613) 992-5337Distribution Centre: z-distribution@nserc.ca Internet address: www.nserc.gc.ca

This publication is available online at www.nserc.gc.ca/research-business

Cette publication est disponible en français sous le titre – La recherche : une question d’affaires.

© Minister of Public Works and Government Services Canada 2005

ISBN No. 0-662-41209-5Cat No. NS3-22/2005E

The Natural Sciences and Engineering Research Council of Canada (NSERC) is thenational instrument for making strategic investments in Canada’s capability in scienceand technology. NSERC supports both basic university research through discovery grantsand project research through partnerships among universities, governments and the pri-vate sector, as well as the advanced training of highly qualified people.

October 2005

Natural Sciences and Engineering Research Council of Canada

Conseil de recherches en sciencesnaturelles et en génie du Canada

Research Means BusinessA directory of companies built onNSERC-supported university research

Investing in people, discovery and innovation

This publication is about cutting-edgeresearch leading to industrial innovationand the creation of new business enter-prises. It features 141 Canadian compa-nies, operating in widely differentindustries, from aerospace to pharma-ceuticals, from information technologyto agriculture. But for all their diversity,they share a common characteristic –they are all first-generation companieswhose roots can be traced directly to university research supported by theNatural Sciences and EngineeringResearch Council of Canada (NSERC).

Together, these university spin-offcompanies have created nearly 13,000jobs and produce annual revenues ofmore than $3.5 billion in Canada.Several spin-offs have gone public andnew ones continue to be created. Thesecompanies and the process that createsthem are fundamental to Canada’songoing prosperity.

As this publication illustrates, many ofthese university spin-offs enjoy consid-erable success in the marketplace.Indeed, new findings suggest that uni-versity spin-offs have a much greaterlikelihood of prospering than do spin-offs from other sectors of the economy.According to a recent study by theNational Research Council’s IndustrialResearch Assistance Program (IRAP),firms that emerged from higher educa-tion research from the 1990s up to 2004were four to five times more likely thanothers to become “gazelles” – rapidlyexpanding enterprises that double salesand/or employment within a five-yearperiod. The study also found that theseexceptional performers demonstrate aremarkable resilience through businessdevelopment cycles, and retain strongand productive R&D partnership links

to universities. The continuing involve-ment of professors as leaders in a num-ber of these companies belies the popu-lar notion that academics and businessdo not mix. While this success is gratify-ing, more research is needed to identifythe conditions conducive to the successof these companies, and how these con-ditions might be replicated elsewhere.

For over 25 years, NSERC has beeninvesting in university research. Many ofthe companies described here grew outof NSERC grants for basic research.These grants are awarded on the basis ofthe excellence of the investigator and ofthe proposed program of research. Thiscommitment to excellence has led toradical discoveries and innovations,often unexpected, that become entirelynew technologies and the basis for newenterprises.

NSERC also funds research in whichinnovation is an expected outcome.NSERC Research Partnerships programsbring university researchers and indus-try together to work on projects seekinganswers to important problems thatcan’t be solved with existing knowledge.These solutions often lead to innova-tions in products or processes. Theyinvolve existing companies and are notincluded in this summary. To date, morethan 1,000 companies have partneredwith NSERC in funding research proj-ects in universities, and many of thesecompanies have participated in multipleprojects.

Preface

One of the most recent additions toNSERC’s funding suite is a vehicle thatassists the formation of new enterprisescommercializing university discoveries.Known as “Idea to Innovation” or I2I,the program supports a range of early-stage business development activities,including proof-of-concept, businessplanning and market research. Weexpect future editions of Research MeansBusiness to include successes emergingfrom the I2I program.

In tracking the return on NSERC’sinvestment in basic research, researchpartnerships and the training of scien-tists and engineers, it becomes clear thatuniversity research has an essential roleto play in the prosperity and well-beingof all Canadians. Generating newknowledge and skills has proved to bethe surest means to ensure innovationand sustainable job creation.

The companies profiled in this publica-tion represent one important way thatuniversity research contributes to innova-tion in Canada. Our universities are verygood at it, and they are ready to do moreto help to meet the government’s commit-ment to make Canada one of the mostinnovative countries in the world.

We see Canadians working at rewardingand meaningful jobs because they have theskills and knowledge to create value andmeet needs in the global economy. We seeCanadian scientists and engineers respect-ed throughout the world because of theirleading-edge discoveries and trailblazingprojects. We see Canadian industries thriv-ing because business is taking full advan-tage of the nation’s capacity for science-based innovation. And we see NSERCplaying a leading role in making all thishappen… by investing in people, discoveryand innovation.

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INTRODUCTION i

METHODOLOGY FOR SELECTION iv

ALPHABETICAL INDEX OF COMPANIES v

INDEX OF COMPANIES BY REVENUE vii

INDEX OF COMPANIES BY PROVINCE viii

COMPANY PROFILES (IN ALPHABETICAL ORDER) 1-141

Table of Contents

The outcome of university research supported by NSERC is often most visible when anew university spin-off company is created. The start-ups highlighted in this editionof Research Means Business were founded to commercialize the results of research par-tially funded by NSERC. The 141 companies featured in this report are located in nineprovinces. They range in size from recent start-ups with only four employees to well-established firms with thousands of workers. They are active in most economic sectorsand produce goods and services that have a large impact on the Canadian economy.

ImpactThe university spin-off companies featured here were built on leading-edge researchin science and engineering. Their success is based on new and unique products andservices. Together, these companies employ nearly 13,000 Canadians and generatemore than $3.5 billion in annual sales. Nearly 30 firms in this publication are listed onpublic stock exchanges and have a combined market capitalization of $10 billion. Sixfirms have a market capitalization of more than $500 million and seven firms areamong the top 100 R&D spenders in Canada. Tables 1 and 2 list the top 20 firms bynumber of employees and revenue, respectively.

Sixty per cent of all spin-off companies in this edition of Research Means Businesswork in the following sectors: Computer and Software Services (22%), Pharm-aceuticals/Biotechnology (20%) and Computer, Electronic and Electrical Equipment(18%) (see Figure 1).

Figure 1: Sector Distribution of NSERC-Related Spin-Offs

Introduction

i

9%

8%

8%

2%

6%

18%

3% 2%

19%

22%

3%

Agriculture, Forestry and Fishing

Chemicals and Materials

Computer, Electronic and Electrical Equipment

Engineering and Scientific Services

Environmental Technologies

Medical Devices and Instrumentation

Mining, Oil, Gasand Utilities

Pharmaceuticals/Biotechnology

Software andComputer Services

Telecommunications

Transportation

Provincial DistributionThe university start-up companies described in this publication have headquartersacross Canada in nearly all provinces, with almost three-quarters of these companieslocated in Ontario, Quebec and British Columbia. The highest revenues and the highest number of employees are found in companies located in British Columbia,Ontario and Alberta (see Figure 2).

Figure 2: Provincial Distribution of NSERC-Funded Start-Ups

Table 1: Top 20 Spin-Off Companies by Number of Employees1

Spin-Off Company Number of EmployeesStantec 2,548MacDonald, Dettwiler and Associates (MDA) 1,400DALSA 878ZENON Environmental 850MDS Sciex 500VCom® 466E-One Moli Energy (Canada) 430Open Text 400QLT 384Platform Computing 275Ocean Nutrition Canada 256SED Systems – a division of Calian 225Raylo Chemicals 220Optech 210iAnywhere Solutions 195Virtek Vision International 166GIRO 160Wi-LAN 160International Road Dynamics 150Westport Innovations 140

1 All figures are accurate as of October 2005.

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0

5

10

15

20

25

30

35

40

45

B.C. Alta. Sask. Man. Ont. Que. N.B. N.S. N.L.

(% of total)

No. of Firms Sales Employees

Table 2: Top 20 Spin-Off Companies by Revenue1 2

Spin-Off Company Total Revenue ($ in millions)MacDonald, Dettwiler and Associates (MDA) 627 Stantec 521 Open Text 398 MDS Sciex 282 ZENON Environmental 234 QLT 3 183 DALSA 169 SED Systems – a division of Calian3 84 Platform Computing 70 Virtek Vision International 50 Raylo Chemicals 50 VCom® 44 Certicom 3 43 Westport Innovations 32 TIR Systems 3 30 International Road Dynamics 28 GIRO 27 Wi-LAN 25 Forbes Medi-Tech 17 TurboSonic 15 Focal Technologies 15

1 All figures are accurate as of October 2005 unless noted otherwise.2 Includes only companies that have declared revenue.3 As of 2004.

OriginsThe 141 companies featured in this report came out of 27 Canadian universities. Thetop 10 source universities are listed below. Combined, they account for 70 per cent ofthe 141 firms featured here.

University Number of Start-UpsUniversity of British Columbia 17University of Toronto 14University of Waterloo 14University of Alberta 12University of Calgary 8Université de Sherbrooke 8Queen’s University 7Université Laval 6University of Saskatchewan 6Simon Fraser University 6

Introduction

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From a list of over 1,000 active university start-up companies believed to have beenfounded based on university research, NSERC has been able to obtain a comprehen-sive picture of Canadian university start-up companies and the role NSERC played insupporting the research that helped lead researchers to found these companies.

With the help of the companies’ founders, NSERC was able to determine whether theuniversity start-up companies in our database should be featured in this edition ofResearch Means Business. The criteria used to identify these companies are:

1) an NSERC researcher must have founded the company;2) the company must still be active;3) the company must have its headquarters in Canada;4) the company must be well established;5) the researcher must determine if NSERC-funded research led to

the formation of the company; and6) the researcher and the company must agree to have their company

listed in Research Means Business.

Our research has uncovered 201 university start-up companies created to commer-cialize research funded, or partially funded, by NSERC. Many of these companiesare now inactive, have been acquired by other firms or do not meet the above crite-ria, which leaves 141 university start-up companies for this report.

The 2002 edition of Research Means Business included 134 university start-up compa-nies. Thirty-four of them could not be included in this publication because:

1) 12 companies were acquired by mostly U.S. corporations;2) 12 companies are now inactive;3) four companies experienced staff reductions and are now too small

to be listed in this edition; and,4) six companies were removed from this edition of Research Means

Business for various reasons, such as moving their headquarters tothe U.S. or changing the company’s focus away from the original IP,which was developed in part with NSERC funding.

In addition to the early-stage companies mentioned above, there are another 51companies in our database that are still at the developmental stage. Some of thesemay meet the criteria and be included in the next edition of Research MeansBusiness.

The following profiles were compiled with the assistance of the companies indescribing the innovative products and services which they are currently developingor producing. NSERC understands that there are many spin-off companies createdfrom NSERC-funded research that are not included in this edition of ResearchMeans Business. We hope that future editions of this directory will include more ofthese firms.

Methodology for Selection

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Company Province Page

AB BioPharma Alberta 1Accutrak Systems Saskatchewan 2Actenum British Columbia 3Advanced Integrated MicroSystems (Canada) British Columbia 4Advitech Quebec 5Aegera Therapeutics Quebec 6A/F Protein Canada Newfoundland and Labrador 7AgriGenomics Alberta 8Albacore Research British Columbia 9AMIRIX Systems Nova Scotia 10AQUA Bounty Canada Newfoundland and Labrador 11Aurora Instruments British Columbia 12Axela Biosensors Ontario 13Axiocom Quebec 14AXIS Photonique Quebec 15Barrodale Computing Services British Columbia 16BioAxone Therapeutic Quebec 17Biomedical Photometrics Ontario 18Biomira Albert 19BIOREM Technologies Ontario 20BIOX Ontario 21Boreal Laser Alberta 22BrightSide Technologies British Columbia 23BytePress Quebec 24CanBiocin Alberta 25CARIS New Brunswick 26Cell-Loc Location Technologies Alberta 27Certicom Ontario 28Chenomx Alberta 29Chronogen Quebec 30Comlab Quebec 31Credo Interactive British Columbia 32CVD Diamond Ontario 33DALSA Ontario 34Datec Coating Ontario 35DBMiner Technology British Columbia 36Decision Academic Ontario 37DEL-AIR Systems Saskatchewan 38DiCOS Technologies Quebec 39Droycon Bioconcepts Saskatchewan 40Dynacon Ontario 41Dynastream Innovations Alberta 42Elstat Ontario 43E.M. Optimisation International Quebec 44ENERKEM Technologies Quebec 45Engineering Seismology Group Canada Ontario 46Engineering Services Ontario 47Ensyn Technologies Ontario 48EnviroMetal Technologies Ontario 49E-One Moli Energy (Canada) British Columbia 50Focal Technologies Nova Scotia 51Forbes Medi-Tech British Columbia 52FreshXtend Technologies British Columbia 53GBBC Medica Quebec 54GeneMax Pharmaceuticals British Columbia 55GeoTango International Ontario 56GIRO Quebec 57Guigné International Newfoundland and Labrador 58Harding Instrument Company Alberta 59HERA Hydrogen Storage Systems Quebec 60Hycal Energy Research Laboratories Alberta 61Hydromantis Ontario 62iAnywhere Solutions Ontario 63IGNIS Innovation Ontario 64iGO Technologies Ontario 65Infolytica Quebec 66INRO Consultants Quebec 67Interactive Visualization Systems (IVS 3D) New Brunswick 68

Alphabetical Index of Companies

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Interface Biologics Ontario 69International Road Dynamics Saskatchewan 70ITRES Research Alberta 71JGKB Photonics British Columbia 72Kemestrie Quebec 73LTRIM Technologies Quebec 74MacDonald, Dettwiler and Associates (MDA) British Columbia 75Magistral Biotech Quebec 76Maplesoft Ontario 77MathResources Nova Scotia 78matREGEN Ontario 79MBEC BioProducts Alberta 80MDS Sciex Ontario 81Membrane Reactor Technologies British Columbia 82Microbridge Technologies Quebec 83MIGENIX Ontario 84Millenium Biologix Ontario 85MXT Quebec 86MycoLogic British Columbia 87Nanox Quebec 88Newmerical Technologies International Quebec 89Northern Radar Newfoundland and Labrador 90Novator Systems Ontario 91NxtPhase British Columbia 92Ocean Nutrition Canada Nova Scotia 93Open Text Ontario 94Optech Ontario 95Performance Plants Ontario 96Phero Tech British Columbia 97PhoeniX Technologies British Columbia 98Plasmionique Quebec 99Platform Computing Ontario 100Powerlasers Ontario 101Prescient NeuroPharma British Columbia 102Pressure Pipe Inspection Company Ontario 103Process Simulations British Columbia 104QLT British Columbia 105Quantic EMC Manitoba 106Quantiscript Quebec 107Quantum Technology British Columbia 108Qubit Systems Ontario 109Random Knowledge Alberta 110Raylo Chemicals Alberta 111SatCon Power Systems Canada Ontario 112Satlantic Nova Scotia 113SED Systems – a division of CALIAN Saskatchewan 114SemBioSys Genetics Alberta 115Service d’Expertise en Matériaux (S.E.M) Quebec 116Sigma Analysis & Management Ontario 117SIMCO Technologies Quebec 118Simulent Ontario 119SiXtron Advanced Materials Quebec 120Smart Camera Technologies Alberta 121Stantec Ontario 122Sybase Canada Ontario 123SynGene Biotek British Columbia 124Syscor Research & Development British Columbia 125Techné Knowledge Systems Ontario 126Tekna Systèmes Plasma Quebec 127Thermo Dynamics Nova Scotia 128TIR Systems British Columbia 129TurboSonic Technologies Ontario 130VCom® Saskatchewan 131VEMAX Management Saskatchewan 132Virtek Vision International Ontario 133Vivosonic Ontario 134VoiceAge Corporation Quebec 135Western Ag Innovations Saskatchewan 136Westport Innovations British Columbia 137Wi-LAN Alberta 138Wildlife Genetics International British Columbia 139ZENON Environmental Ontario 140Zoomage Alberta 141

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Index of Companies by Revenue1

Company Revenue ($ in millions) Page

MacDonald, Dettwiler and Associates (MDA) 627.3 75Stantec 520.9 122Open Text 398 94MDS Sciex 282 81ZENON Environmental 233.7 140QLT 182.7 105DALSA 168.6 34SED Systems – a division of CALIAN 83.9 114Platform Computing 69.9 100Virtek Vision International 50.2 133Raylo Chemicals 50 111VCom® 44 131Certicom 42.8 28Westport Innovations 32.4 137TIR Systems 30.3 129International Road Dynamics 28.2 70GIRO 27 57Wi-LAN 25.3 138Forbes Medi-Tech 16.5 52TurboSonic Technologies 15 130Focal Technologies 15 51DEL-AIR Systems 10 38Biomira 8 19BIOREM Technologies 8 20Novator Systems 8 91AMIRIX Systems 8 10Hycal Energy Research Laboratories 7 61Harding Instrument Company 6 59Guigné International 5 58Dynacon 4.3 41Decision Academic 4 37Hydromantis 3.8 62INRO Consultants 3.7 67ITRES Research 3.5 71Satlantic 3.5 113MIGENIX 2.9 84Accutrak Systems 2 2EnviroMetal Technologies 2 49SemBioSys Genetics 1.4 115Comlab 1.2 31Advitech 1.1 5Quantum Technology 1 108Thermo Dynamics 0.8 128Datec Coating 0.5 35Process Simulations 0.5 104FreshXtend Technologies 0.4 53Elstat 0.1 43

1 Includes companies that report revenue only.

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Index of Companies by Province

ALBERTACompany Page Company PageAB BioPharma 1 Hycal Energy Research Laboratories 61AgriGenomics 8 ITRES Research 71 Biomira 19 MBEC BioProducts 80Boreal Laser 22 Random Knowledge 110CanBiocin 25 Raylo Chemicals 111Cell-Loc Location Technologies 27 SemBioSys Genetics 115Chenomx 29 Smart Camera Technologies 121Dynastream Innovations 42 Wi-LAN 138Harding Instrument Company 59 Zoomage 141

BRITISH COLUMBIACompany Page Company PageActenum 3 Membrane Reactor Technologies 82Advanced Integrated MicroSystems (Canada) 4 MycoLogic 87Albacore Research 9 NxtPhase 92Aurora Instruments 12 Phero Tech 97Barrodale Computing Services 16 PhoeniX Technologies 98BrightSide Technologies 23 Prescient NeuroPharma 102Credo Interactive 32 Process Simulations 104DBMiner Technology 36 QLT 105E-One Moli Energy (Canada) 50 Quantum Technology 108Forbes Medi-Tech 52 SynGene Biotek 124FreshXtend Technologies 53 Syscor Research & Development 125GeneMax Pharmaceuticals 55 TIR Systems 129JGKB Photonics 72 Westport Innovations 137MacDonald, Dettwiler and Associates (MDA) 75 Wildlife Genetics International 139

MANITOBACompany PageQuantic EMC 106

NEW BRUNSWICKCompany Page Company PageCARIS 26 Interactive Visualization Systems (IVS 3D) 68

NEWFOUNDLAND AND LABRADORCompany Page Company PageA/F Protein Canada 7 Guigné International 58AQUA Bounty Canada 11 Northern Radar 90

NOVA SCOTIACompany Page Company PageAMIRIX Systems 10 Ocean Nutrition Canada 93Focal Technologies 51 Satlantic 113MathResources 78 Thermo Dynamics 128

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ONTARIOCompany Page Company Page Axis Photonique 15 matREGEN 79Biomedical Photometrics 18 MDS Sciex 81BIOREM Technologies 20 MIGENIX 84BIOX 21 Millenium Biologix 85Certicom 28 Novator Systems 91CVD Diamond 33 Open Text 94DALSA 34 Optech 95Datec Coating 35 Performance Plants 96Decision Academic 37 Platform Computing 100Dynacon 41 Powerlasers 101Elstat 43 Pressure Pipe Inspection Company 103Engineering Seismology Group Canada 46 Qubit Systems 109Engineering Services 47 SatCon Power Systems Canada 112Ensyn Technologies 48 Sigma Analysis & Management 117EnviroMetal Technologies 49 Simulent 119GeoTango International 56 Stantec 122Hydromantis 62 Sybase Canada 123iAnywhere Solutions 63 Techné Knowledge Systems 126IGNIS Innovation 64 TurboSonic Technologies 130iGO Technologies 65 Virtek Vision International 133Interface Biologics 69 Vivosonic 134Maplesoft 77 ZENON Environmental 140

QUEBECCompany Page Company Page Advitech 5 INRO Consultants 67 Aegera Therapeutics 6 Kemestrie 73Axiocom 14 LTRIM Technologies 74 AXIS Photonique 15 Magistral Biotech 76BioAxone Therapeutic 17 Microbridge Technologies 83BytePress 24 MXT 86Chronogen 30 Nanox 88Comlab 31 Newmerical Technologies International 89DiCOS Technologies 39 Plasmionique 99E.M. Optimisation International 44 Quantiscript 107ENERKEM Technologies 45 Service d’Expertise en Matériaux (S.E.M.)116GBBC Medica 54 SIMCO Technologies 118GIRO 57 SiXtron Advanced Materials 120HERA Hydrogen Storage Systems 60 Tekna Systèmes Plasma 127Infolytica 66 VoiceAge Corporation 135

SASKATCHEWANCompany Page Company Page Accutrak Systems 2 SED Systems – a division of CALIAN 114DEL-AIR Systems 38 VCom® 131Droycon Bioconcepts 40 VEMAX Management 132International Road Dynamics 70 Western Ag Innovations 136

Index of Companies by Province

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AB BioPharma Inc.Chairman of the Board of Directors: James Rae3553 31st Street NW, Suite 130, Calgary, Alberta T2L 2K7Tel.: (403) 270-7027 Fax: (403) 270-2384 E-mail: aburet@ucalgary.ca

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 5YEAR INCORPORATED: 2001STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Pharmaceuticals/BiotechnologyWEB SITE: N/A

Products or ServicesAB BioPharma is developing novelnutraceutical and pharmaceuticalproducts based on a natural proteinfound in milk called EpidermalGrowth Factor (EGF). When EGF ispresent in a person’s intestines, it pro-tects the intestinal wall and lets bacte-ria, protozoa and viruses pass througha person’s system harmlessly. EGF mayprevent common ailments, includingacute diarrhea and gastric ulcers.

The technology is protected by anumber of patents issued to ABBioPharma worldwide.

NSERC ResearchersAB BioPharma was founded aroundthe patented Epidermal GrowthFactor (EGF) technology developedby Drs. Andre Buret, Grant Gall,James Hardin and Merle Olson at theUniversity of Calgary. Dr. Andre Buretis a full professor of zoology at theUniversity of Calgary and serves as adirector on the board of ABBioPharma. Dr. Buret’s research activi-ties were supported by NSERC duringhis postgraduate and postdoctoralstudies. He has also received Discovery,Research Tools and Instruments,Industrially Oriented, and Collabo-rative Research Development Grants.Dr. Merle Olson’s research has beensupported by NSERC Discovery,Research Tools and Instruments, andStrategic Project Grants.

RESEARCH MEANS BUSINESSRESEARCH MEANS BUSINESS

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Products or ServicesAccutrak Systems focuses on vehicleguidance systems for the agriculturalindustry.

Precision guidance allows farmersto reduce costly overlap and missedareas thereby improving farming effi-ciency. It also allows them to contin-ue working at times when visibility isreduced, thereby ensuring the job getsdone. Accutrak’s AutoSteering prod-ucts improve on existing GPSGuidance products by taking on thejob of steering along parallel lines.The operator is left only with the taskof turning the vehicle around at head-lands and steering along obstacleboundaries.

NSERC ResearchersDr. Ron Palmer, the founder and pres-ident of Accutrak Systems, is a profes-sor of electronic systems engineeringat the University of Regina. Hisresearch on navigational systems hasbeen supported by NSERC DiscoveryGrants since 1983.

Accutrak Systems Ltd.President: Dr. Ron Palmer1125 Pettigrew Avenue, Regina, Saskatchewan S4N 5W1Tel.: (306) 584-0085 Fax: (306) 584-3234E-mail: info@accutrak.ca

ANNUAL REVENUE: $2,000,000NUMBER OF EMPLOYEES IN CANADA: 15YEAR INCORPORATED: 1984STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Software and Computer ServicesWEB SITE: www.accutrak.ca

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Products or ServicesActenum develops software for theoptimization of plans, schedules anddecision making. The company spe-cializes in addressing operational situ-ations where tight user interactionand rapid solution generation isrequired. Responding quickly andeffectively to unanticipated disrup-tions in schedules is crucial to opera-tional success in business. Traditionalsolutions do not provide the ability torespond effectively to unplannedevents, which limits their practicalapplication.

Actenum’s solutions, based on arti-ficial intelligence and operationalresearch, help leading organizationscalculate the best utilization of valu-able resources such as vehicles, peo-ple, equipment and materials. Thisresults in substantially increasedcapacity utilization of expensiveassets, decreased downtimes andincreased operating margins.

NSERC ResearchersDr. William Havens, Actenum’s chieftechnology officer, is an international-ly renowned expert in constraint rea-soning and artificial intelligence.Dr. Havens is an associate professor inthe School of Computer Science atSimon Fraser University (SFU) as wellas the director of the SFU IntelligentSystems Laboratory. His research onconstraint reasoning has been fundedby NSERC and the Institute forRobotics and Intelligent Systems(IRIS), a Network of Centres ofExcellence.

Actenum CorporationChief Executive Officer: Dr. Morten IrgensThe Landing, 375 Water Street, Suite 410, Vancouver, British Columbia V6B 5C6Tel.: (604) 681-1262 Fax: (604) 687-1256E-mail: contacts@actenum.com

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 12YEAR INCORPORATED: 1997STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Software and Computer ServicesWEB SITE: www.actenum.com

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Products or ServicesAdvanced Integrated MicroSystemsproducts are biochip-based tools andinstrumentation for pharmaceuticaland biotech companies to speed up the process of discovering and val-idating new drugs. The biochip is afully automated sample preparationmicrosystem for protein analysis. Ittakes the protein sample isolated byelectrophoresis and integrates a num-ber of procedures that must be con-ducted before the sample can go to amass spectrometer.

NSERC ResearchersAdvanced Integrated MicroSystemswas founded by Drs. Arcadio Chonnand Jed Harrison.

Dr. Harrison is a professor in thechemistry department at the Uni-versity of Alberta and the chief tech-nical officer of Advanced IntegratedMicroSystems. His research is sup-ported by various funding agencies,including NSERC. He has receivednumerous NSERC grants, as well as aSteacie Fellowship in 1996.

Advanced Integrated MicroSystems(Canada) Ltd.Chief Executive Officer: Dr. Arcadio Chonn801-1331 Alberni St., Vancouver, British Columbia V6E 4S1Tel.: (604) 632-4680 Fax: Not listedE-mail: info@aims-bio.com

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 5YEAR INCORPORATED: 2001STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Pharmaceuticals/BiotechnologyWEB SITE: www.aims-bio.com

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Products or ServicesAdvitech specializes in the develop-ment of bioactive products derivedfrom dairy proteins. Its key focusareas are in the fields of immunologyand inflammatory processes. Its mainplatform, XP-828L, is a bioactivecomplex used in the development ofan oral treatment for psoriasis andother immune system disorders.

NSERC ResearchersAdvitech founders Drs. SylvieGauthier, Paul Paquin and YvesPouliot are members of the Centre derecherche en sciences et technologiedu lait (STELA) at Université Laval’sDépartement des sciences des ali-ments et de nutrition. Drs. Gauthierand Pouliot are funded by NSERCDiscovery Grants. Dr. Sylvie Gauthieris a member of the Research Networkfor Lactic Bacteria.

Advitech Inc.President and Chief Executive Officer: Renaud Beauchesne1165 Lebourgneuf Boulevard, Suite 140, Québec, Quebec G2K 2C9Tel.: (418) 686-7498 Fax: (418) 686-2446E-mail: info@advitech.com

ANNUAL REVENUE: $1,194,299NUMBER OF EMPLOYEES IN CANADA: 14YEAR INCORPORATED: 1996STOCK MARKET LISTING: TSX-V: AVIINDUSTRIAL SECTOR: Pharmaceuticals/BiotechnologyWEB SITE: www.advitech.com

RESEARCH MEANS BUSINESS

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Aegera Therapeutics Inc.President and Chief Executive Officer: Michael Atkin810 chemin du Golf, Nun’s Island (Montréal), Quebec H3E 1A8Tel.: (514) 288-5532 Fax: (514) 288-9280E-mail: info@aegera.com

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 46YEAR INCORPORATED: 2000STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Pharmaceuticals/BiotechnologyWEB SITE: www.aegera.com

Products or ServicesAegera Therapeutics focuses onexploiting apoptosis control (alsoknown as programmed cell death) toextend and enhance the life of cancerpatients. The company’s technologykills cancer cells by inducing apopto-sis and preventing damage to neuronscaused by chemotherapy. Aegera’s sig-nificant intellectual property assetsand experience in apoptosis and sig-nal transduction have driven thedevelopment of multiple therapeuticproducts for cancer treatment.

NSERC ResearchersAegera Therapeutics was founded byDrs. Alex MacKenzie, RobertKorneluk, David Kaplan, Freda Millerand Phillip Barker. Dr. Korneluk is aprofessor of biochemistry, microbiol-ogy and immunology at theUniversity of Ottawa. He is also thedirector of molecular genetics at theChildren’s Hospital of EasternOntario Research Institute.

The family of genes encodingInhibitors of Apoptosis (IAPs), dis-covered by Drs. Korneluk and AlexMacKenzie, led to the creation of abiotech company, Apoptogen.Apoptogen merged with ExogenNeurosciences and formed the com-pany now known as AegeraTherapeutics. One of Drs. Kornelukand MacKenzie’s major researchinterests is the characterization of thegene responsible for myotonic muscu-lar dystrophy, a gene that had beenidentified and cloned by their researchgroup in 1992. Their work onmyotonic dystrophy and on apoptosishas been supported by grants fromNSERC and the Canadian GeneticDiseases Network (CGDN), aNetwork of Centres of Excellence.

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A/F Protein Canada Inc.President: Dr. Garth FletcherPO Box 21233, St. John’s, Newfoundland and Labrador A1A 5B2Tel.: (709) 738-4638 Fax: (709) 738-4644E-mail: mail@afprotein.com

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 10YEAR INCORPORATED: 2000STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Pharmaceuticals/BiotechnologyWEB SITE: www.afprotein.com

Products or ServicesA/F Protein Canada is the world’s onlycommercial producer of antifreezeproteins. The company extracts andpurifies four varieties of antifreezeproteins and glycoproteins from theblood plasma of a variety of fishinhabiting the frigid North AtlanticOcean. The ability of these proteins todepress the freezing temperature,modify or suppress ice crystal growth,inhibit ice recrystallization and pro-tect cell membranes from cold-induced damage can provide impor-tant benefits to the medical, veteri-nary, aquaculture, cosmetics and foodindustries. Antifreeze applications inmedical and veterinary fields includethe cryopreservation of eggs, spermand embryos. Research is also under-way to improve the low-temperaturepreservation of organs for humantransplant through the use ofantifreeze proteins. Medical applica-tions also include using antifreezeproteins, in conjunction withcryosurgery, to help destroy malig-nant tumours. The food industry isinterested in using these proteinsbecause of their unique ability toinhibit recrystallization, which couldimprove the texture of frozen foods.

A/F Protein Canada, a subsidiary of A/F Protein Inc., Waltham,Massachusetts, operates from St. John’s, Newfoundland.

NSERC ResearchersA/F Protein Canada and its sub-sidiaries were founded to commer-cialize the discoveries of Drs. GarthFletcher and Choy Leong Hew.Dr. Fletcher is a Professor Emeritus atthe Ocean Sciences Centre atMemorial University of Newfound-land. Dr. Hew was a professor of clin-ical biochemistry at the BantingInstitute of the University of Torontoand the Hospital for Sick Children.Both Drs. Fletcher and Hew receivedNSERC Discovery and StrategicProject Grants to explore and developantifreeze protein technology.

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AgriGenomics Inc.President and Chief Executive Officer: Dr. Allen GoodPO Box 67034, Meadowlark Postal Outlet, Edmonton, Alberta T5R 5Y3Tel.: (780) 433-8247 Fax: (780) 433-8257E-mail: info@agrigenomics.ca

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: ConfidentialYEAR INCORPORATED: 1999STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Agriculture, Forestry and FishingWEB SITE: www.agrigenomics.ca

Products or ServicesAgriGenomics is developing andfield-testing technologies designed toincrease crop yield. Its technologieshave the added benefit of reducing thechemical inputs required to achievehigh plant growth. AgriGenomics’technologies are of tremendous value,not only to the agriculture industry,but also to the forestry and turf grassindustries.

AgriGenomics’ technology focuseson the root system, also known as theplant-soil interface. The company isworking on leading-edge genetic andmolecular biology techniques toreduce the amount of fertilizersrequired to grow crop plants, and toenable plants to grow in areas proneto drought and salinity.

Nitrogen is the most important fac-tor affecting crop growth worldwide.Globally over 85 million tons of nitro-gen are used each year at a cost ofapproximately $35 billion. Nitrogen-based fertilizers typically account for40 per cent of the costs associatedwith producing crops such as cornand wheat. AgriGenomics has patent-ed a gene that increases the efficientuse of nitrogen in plants, enabling

them to flourish despite low nitrogenlevels in the soil. Ultimately, this willreduce the expense of adding nitro-gen-based fertilizers.

The goal of AgriGenomics’ is toreduce the amount of chemicalinputs, such as nitrogen-based fertiliz-ers, fungicides and insecticides,required to grow crops, thus reducingthe amount of pollutants in the soil,air and water.

NSERC ResearchersDr. Allen Good, president and CEO ofAgriGenomics, is a professor in theDepartment of Biological Sciences atthe University of Alberta. Dr. Gooddiscovered that a number of the trans-genic plants he produced displayedenhanced nitrogen efficiency and uti-lization. This research, funded by anNSERC Strategic Project Grant and anNSERC/Agriculture and Agri-FoodCanada grant, was the basis for start-ing AgriGenomics. Dr. Good hasreceived NSERC Discovery, ResearchTools and Instruments, StrategicProject, and Collaborative Researchand Development Grants.

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Albacore Research Ltd.President: Rolf Oetter3960 Quadra Street, Suite 304, Victoria, British Columbia V8X 4A3Tel.: (250) 479-3638 Fax: (250) 479-0868 E-mail: info@shipconstructor.com

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 20YEAR INCORPORATED: 1991STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Software and Computer ServicesWEB SITE: www.shipconstructor.com

Products or ServicesAlbacore Research develops ShipCon-structor, the easy-to-use, AutoCAD-based, 3D product modeling softwarefor the design and fabrication of shipsand offshore structures.

ShipConstructor handles all 3Dmodeling aspects of ship design,including hull-fairing, lofting, struc-ture, equipment, piping, penetrationsand HVAC. The generation of pro-duction drawings and reports is fullyintegrated with build strategy plan-ning, plate nesting, profile nesting,assembly drawing and spool drawinggeneration, as well as NC-coding. Allmodules are completely integratedwith an SQL database for easy projectmanagement and integration with anyother database system within yourcompany.

The centralized database providesproject standards and libraries,enforcing consistent drawings. Alldrawings and parts are linked to ahigh performance SQL Server data-base. Security privileges allow for real-time access to the same integratedproduct model for all users while pre-venting accidental data corruption.

ShipConstructor is designed to bescalable, giving smaller shipping yardsand design offices the same powerfultools as it offers to the largest cus-tomers. By separating the softwaresuite into task-based modulesShipConstructor can be customizedinto a package that best suits its users.

NSERC ResearchersAlbacore Research was founded by Doug Dark, Doug Blake, RolfOetter, the company’s president, andDr. Geoffrey W. Vickers, professor ofmechanical engineering at theUniversity of Victoria. Dr. Vickers’research on robotics in the shipbuild-ing industry was supported by anNSERC Discovery Grant. His currentresearch interests lie in CAD/CAMand advanced manufacturing.

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AMIRIX Systems Inc.Chief Executive Officer: Sandra Greer77 Chain Lake Drive, Halifax, Nova Scotia B3S 1E1Tel.: (902) 450-1700 Fax: (902) 450-1704E-mail: www.amirix.com/contact

ANNUAL REVENUE: $8,000,000NUMBER OF EMPLOYEES IN CANADA: 70YEAR INCORPORATED: 1981STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Engineering and Scientific ServicesWEB SITE: www.amirix.com

Products or ServicesAMIRIX Systems provides customembedded systems and electronicdesign services to help companiesdevelop new products and enhanceexisting ones. Core capabilities includehigh performance board design andintegration, programmable logicdesign and embedded software design.An ISO 9001:2000 certified company,AMIRIX tackles complex design chal-lenges by performing in-depth systemanalyses and crafting optimal technol-ogy solutions without any hardware orsoftware bias. The company’s designsolutions are flexible, time-to-marketefficient and cost effective and arefound in defence/aerospace applica-tions, medical devices, industrial con-trols and communications platforms.

AMIRIX’s design services includearchitectural system design, detailedsystem design and implementation,prototype and production manufac-turing, system integration, and systemredesign.

The company’s AP100 PCI PlatformFPGA Development Board is a PCIcard with a Xilinx Virtex-II Pro™FPGA that provides designers with aninstant, “out-of-box” system for devel-oping embedded FPGA System-on-a-Chip (SoC) solutions using the Virtex-II Pro. The board, which comes con-figured as a single board computercomplete with monitor software and

TimeSys Linux, provides an advanceddesign starting point to significantlyimprove time-to-market and reducedevelopment costs. Additional plat-form modules and accessories areavailable from AMIRIX to support thedevelopment of programmable sys-tems design on the AP100 family ofboards. AMIRIX also offers competi-tively priced custom derivative designsthrough its supporting design services.

VEMCO, a product division ofAMIRIX, designs and manufacturesunderwater acoustic telemetry andtracking equipment for fisheries, biol-ogists, aquatic research specialists andscientists who are studying the behav-iour patterns of marine and freshwateranimals. VEMCO supplements itsown development resources withAMIRIX’s extensive R&D capabilitiesto enhance its current product lineand bring new product ideas tofruition faster. VEMCO exports tocustomers in 52 countries spanningsix continents.

NSERC ResearchersAMIRIX Systems was founded by Dr. Douglas Pincock, a former profes-sor of electrical engineering at theTechnical University of Nova Scotia,now part of Dalhousie University.Dr. Pincock’s research on underwatertelemetry was supported by NSERCthrough Discovery Grants.

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AQUA Bounty Canada Inc.Chief Executive Officer: Dr. Garth FletcherPO Box 21233, St. John’s, Newfoundland and Labrador A1A 5B2Tel.: (709) 738-4638 Fax: (709) 738-4644E-mail: mail@aquabounty.com

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 30YEAR INCORPORATED: 1994STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Pharmaceuticals/BiotechnologyWEB SITE: www.aquabounty.com

Products or ServicesAQUA Bounty Canada is developingrapidly growing transgenic broodstocks of Atlantic salmon and rainbowtrout that contain a patented chimeric“all fish” gene construct. The geneconsists of an antifreeze gene promot-er linked to a salmon growth hor-mone gene. These fish grow signifi-cantly faster than standard salmonand are capable of reducing time-to-market by a year. The company is alsoworking to apply this transgenic tech-nology to other species, such as tilapiaand marine flatfish.

AQUA Bounty’s goal is to usebiotechnology to improve the produc-tivity of the aquaculture industry.Products currently being developedinclude growth-enhanced geneticallymodified salmon, trout and tilapia.Future research will involve expand-ing this technology to includeenhanced growth, and cold and dis-ease resistance in finfish, shrimp andother species.

AQUA Bounty Canada, which is asubsidiary of Aqua Bounty FarmsInc., in Waltham, Massachusetts, hasoperations in Newfoundland andPrince Edward Island.

NSERC ResearchersAQUA Bounty Canada and its sub-sidiaries were founded to commer-cialize the discoveries of Drs. GarthFletcher and Choy Leong Hew.Dr. Fletcher is a Professor Emeritus at the Ocean Sciences Centre ofMemorial University of New-foundland. Dr. Hew was a professor of clinical biochemistry at the BantingInstitute of the University of Torontoand the Hospital for Sick Children.Both Drs. Fletcher and Hew receivedNSERC Discovery and StrategicProject Grants to develop emergingtransgenic technology for aquacultureapplications.

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Aurora Instruments Ltd.Chief Executive Officer: Dr. Dong C. Liang1001 East Pender Street, Vancouver, British Columbia V6A 1W2Tel.: (604) 215-8700 Fax: (604) 215-9700E-mail: info@aurora-instr.com

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: ConfidentialYEAR INCORPORATED: 1990STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Chemicals and MaterialsWEB SITE: www.aurora-instr.com

Products or ServicesAurora Instruments specializes in thedevelopment, production and sale ofatomic absorption spectrometers, theAtomic Fluorescence Spectrometerand other analytical instruments.Aurora’s products have been featuredin a number of journal articles and onthe cover of such publications asSpectroscopy and Chemical Engi-neering News since the debut of itspatented Capacitively CoupledPlasma source at Chicago’s 1991Pittcon conference.

Aurora’s AI 1100 and 2100 AtomicAbsorption/Plasma Emission Spec-trometers feature a 3D autosampler,powerful Windows-based softwareand unique applications. Aurora’sproduct line can provide an entirelaboratory’s needs in elemental analy-sis, including environmental, mining,metallurgical, semiconductor, food,educational, medical, energy, utilityand agricultural laboratories.

With the help of NSERC funding,Dr. Dong Liang developed AuroraInstruments’ Capacitively CoupledPlasma (CCP) source. CCP combines

the merits of GFAAS (GraphiteFurnace Atomic Absorption Spec-trometry) and ICP-AES (InductivelyCoupled Plasma-Atomic EmissionSpectroscopy) to produce a highlysensitive yet cost-effective method ofanalysis.

NSERC ResearchersThe co-founders of Aurora Instru-ments are Dr. Dong Liang, the compa-ny’s chief executive officer, and chem-istry professor Dr. Michael Bladesfrom the University of BritishColumbia. Dr. Liang has more than 25years’ experience in analytical instru-mentation techniques. Dr. Blades hasreceived several NSERC Discovery andResearch Tools and InstrumentsGrants over the past 20 years. Hisresearch interests involve the develop-ment and application of optical andmass spectroscopic methods forchemical analysis.

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Axela Biosensors Inc.President and Chief Executive Officer: Rocky Ganske480 University Avenue, Suite 910, Toronto, Ontario M5G 1V2Tel.: (416) 260-9050 ext. 2251 Fax: (416) 260-9255E-mail: Not listed

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 14YEAR INCORPORATED: 2001STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Pharmaceuticals/BiotechnologyWEB SITE: www.axelabiosensors.com

Products or ServicesAxela Biosensors is commercializingnew innovative products usingDiffractive Optics Technology(DOT™), an optically based biosensorthat uses a novel photonics method forsignal enhancement and identification.The DOT™ System, comprised of theDOT™ Reader and DOT™ Sensor,provide a “Point of Science” solution tothe understanding of biomoleculeinteractions. It is no longer necessaryto move samples to a central facility foranalysis. The DOT™ System provides acompact bench-top solution thatenables scientists and medicalresearchers the ability to ascertain timecritical, high value data at the bench.

The DOT™ Sensor is an opticalbiosensor that uses microfluidics andphotonic technology to offer uniquebenefits to users by delivering critical,high-value information about multipleinteractions of biomolecules with tar-gets simultaneously in the same samplewithout the use of labels.

The DOT™ Reader is a bench-top-sized instrument that detects biomole-cular interactions occurring on thesurface of the DOT™ Sensor, interpretsthese results and presents them to theuser through a software interface.

NSERC ResearchersAxela’s Diffractive Optics Technology(DOT™) is based on initial researchdeveloped by Dr. Cynthia Goh at theUniversity of Toronto. Dr. Goh is aprofessor of chemistry at theUniversity of Toronto and was Axela’schief scientific officer. Her research onthe fundamental science that under-lies the technology used in the com-pany’s DOT™ products, which in turnled to the formation of the company,was funded by NSERC DiscoveryGrants. Dr. Goh has broad-ranginginterests, from photonics and lasers, tosingle molecule studies and develop-ments in probe microscopy, to proteinaggregation and tissue engineering.

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Axiocom Inc.Founding President and Chief Technology Officer: Daniel Massicotte1350 Royale Street, Suite 401, Trois-Rivières, Quebec G9A 4J4Tel.: (819) 697-2946 Fax: (819) 697-0917E-mail: info@axiocom.com

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 6YEAR INCORPORATED: 1999STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: TelecommunicationsWEB SITE: www.axiocom.com

Products or ServicesThe research company Axiocomfocuses on the creation, developmentand integration into microelectronictechnology of interference elimina-tion algorithms designed to improvethe transmission of digital signals. Itdevelops and markets solutions thatprovide network operators andtelecommunications equipment man-ufacturers with a technological edgeand commercial leadership.

The implementation of third-gener-ation (3G) digital communication sys-tems requires new infrastructures andnew products to facilitate wirelessInternet access, the transmission ofnon-voice signals (audio, video, etc.)and the integration of better voicetransmission solutions. WidebandCode Division Multiple Access(WCDMA) and CDMA2000 havereplaced 2G and 2.5G communicationsystems as access technologies.Axiocom offers cutting-edge solutionsto multiple interference eliminationfor WCDMA, CDMA2000 and TD-SCDMA access technologies (wheremultiple users use a single broadbandchannel) that include multiple userdetection and multiple channel esti-mation. The technologies used for

Axiocom’s 3G communication sys-tems increase the number of users percell, improve capacity, data transmis-sion performance for high-speed serv-ices and the longevity of mobile unitbatteries, and provide greater protec-tion against channel interference.

NSERC ResearchersDaniel Massicotte is a professor ofelectrical engineering at the Université du Québec à Trois-Rivières. He established the integratedsystems and signals laboratory(LsnSI) at the university in 1999 andlater that same year founded theresearch company Axiocom, of whichhe is president and chief technologyofficer. Dr. Massicotte has more than10 years of experience in the fields of advanced signal processing tech-nologies and microelectronics and hasa great deal of expertise in the com-munication applications and meas-urement systems sector. His researchwas initially funded by graduate fel-lowships and NSERC DiscoveryGrants.

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Axis Photonique Inc.President: Christian-Yves Côté1650 Lionel-Boulet Boulevard, Varennes, Quebec J3X 1S2Tel.: (450) 929-8209 Fax: (450) 929-8201E-mail: info@axis-photon.com

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 5YEAR INCORPORATED: 1996STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Computer, Electronic and Electrical Components and PartsWEB SITE: www.axis-photon.com

Products or ServicesAxis Photonique develops and manu-factures instruments for scientists whouse femtosecond lasers to study ultra-fast events in physics and chemistry.

The company offers unique streakcameras capable of recording the timesequence of ultrafast events.

Axis Photonique’s main clients areuniversity laboratories and researchcentres in Canada, France, the UnitedKingdom, Germany and the UnitedStates.

NSERC ResearchersAxis Photonique Inc. was created byDr. Christian-Yves Côté, a formerdoctoral student in Dr. Jean-ClaudeKieffer’s research laboratory at theInstitut national de recherche scien-tifique (INRS) - Énergie et Matériaux,where the development of streak cam-eras was supported by NSERC.Dr. Kieffer, a professor at the INRS,has been supported by NSERCStrategic, Discovery, and ResearchTools and Instruments Grants.Dr. Côté, now Axis’ president, receivedan NSERC Postgraduate Scholarshipand a University UndergraduateStudent Research Award. AxisPhotonique is also a partner in theCanadian Institute for PhotonicsInnovations, a Network of Centres ofExcellence.

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Barrodale Computing Services Ltd.President: Dr. Ian BarrodalePO Box 3075 Stn. CSC, Victoria, British Columbia V8W 3W2Tel.: (250) 472-4372 Fax: (250) 472-4373E-mail: info@barrodale.com

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 8YEAR INCORPORATED: 1978STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Software and Computer ServicesWEB SITE: www.barrodale.com

Products or ServicesBarrodale Computing Services (BCS)has been providing effective and effi-cient software solutions to technicalproblems involving complex datasince 1978.

Since 1995, BCS has focused itsdevelopment skills and experience onobject-relational database manage-ment systems (ORDBMS) to providesolutions for various geo-spatialapplications. For example, the compa-ny has produced an interactive water-shed atlas of British Columbia. This1:20,000 digital atlas, which containsmore than half a billion 3D surveypoints, one million lakes/marshes/swamps, and three million stream seg-ments, is stored in an ORDBMS thatcan be accessed via the Internet.

Most recently, the company hasdeveloped a very efficient ORDBMStechnology that supports databasestorage, update and fast retrieval ofgridded data. A typical applicationcould extract location-specific mete-orological data from a 4D griddeddatabase that contains multipleweather-related values stored forextensive ranges of latitude, longi-tude, altitude and time. Other appli-cations could involve multi-dimen-sional grids of oceanographic, seis-mic, geomatic or medical data.

BCS has successfully completedmore than 400 software developmentcontracts for many different clients inthe public and private sectors, includ-ing ministries and Crown corpora-tions of the Government of BritishColumbia, Canadian federal govern-ment departments, and U.S.-basedFortune 500 companies.

NSERC ResearchersBarrodale Computing Services iswholly owned by its two founders, Ianand Sheila Barrodale. Dr. IanBarrodale was formerly a professor ofmathematics and founding chair ofthe Computer Science Department atthe University of Victoria. Hisresearch was supported by NSERCthrough Discovery Grants.

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BioAxone Therapeutic Inc.President and Chief Executive Officer: Dr. Frank Bobe 3575 Du Parc Avenue, Suite 5322, Montréal, Quebec H2X 3P9Tel.: (514) 282-9990 Fax: (514) 343-5755E-mail: info@bioaxone.com

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 32YEAR INCORPORATED: 2000STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Pharmaceuticals/BiotechnologyWEB SITE: www.bioaxone.com

Products or ServicesBioAxone Therapeutic is a privatelyowned neuroscience company special-ized in the development and commer-cialization of proprietary technologiesthat target Rho signaling. Rho is a sig-naling protein which causes cell deathif abnormally activated, which appliesto medical indications that includecentral nervous system (CNS), oph-thalmology, cancer and related fields.BioAxone Therapeutic is a product-driven company, with one productnear clinical, three products in preclin-ical, and a strong R&D programfocused on new product development.The company has demonstratedexpertise in recombinant proteinproduct development and has afocused small molecule program.

Key areas of clinical interest will bedeveloped within the company. Thesekey areas include spinal cord injury,traumatic brain injury, maculardegeneration and neuro-oncology.

NSERC ResearchersDr. Lisa McKerracher is the foundingscientist and chief scientific officer ofBioAxone Therapeutic. She is also aprofessor in the Department ofPathology and Cell Biology and theCentre for Research in Neuroscienceat the Université de Montréal. In addi-tion, Dr. McKerracher is an adjunctprofessor in the Department ofNeurology/Neurosurgery at McGillUniversity. NSERC Discovery Grantshelped fund Dr. McKerracher’s workin the field of neural regeneration.

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Products or ServicesBiomedical Photometrics markets aseries of products based on patentedconfocal imaging technology devel-oped within the company and at theUniversity of Waterloo.

The TISSUEscope™ is a high-reso-lution digital imaging system forpathology and telepathology. Theinstrument images the entire area of amicroscope slide in a single scan,without the need for tiling, in bothbrightfield and fluorescence.

The GeneFocus® Division was setup to address the genetic microarrayand drug discovery marketplace. TheDNAscope™ IV, V and LM aredesigned to read genetic microarrayson glass microscope slides, and theOpen Frame Research DNAscope™ isused to develop imaging systems fornew microarray technologies. A newconfocal microwell plate reader hasrecently been developed for drug dis-covery applications.

Biomedical Photometrics has alsocommercialized the MACROscope®, aconfocal imaging system with a widerange of magnification. One applica-tion is tissue imaging, where the com-bination of very large sample size andvery high resolution in fluorescencemakes it particularly useful for imag-

ing biopsy specimens. TheMACROscope® has opened up newapplications for confocal imaging inbiomedicine, semiconductor materi-als and device characterization, geo-logical sciences, forensic science, can-cer detection, and quality control test-ing. For example, in the fields ofmaterials science and forensics, theMACROscope® can be used for latentfingerprint detection, counterfeitdetection and for 3D imaging andcomparison of footprints.

NSERC ResearchersDr. A.E. Dixon, a Professor Emeritusin the Department of Physics at theUniversity of Waterloo, foundedBiomedical Photometrics withoptometry professor Dr. MelanieCampbell and Dr. Brian Wilson, headof medical physics at PrincessMargaret Hospital in Toronto, tocommercialize the MACROscope®technology. Dr. Dixon’s research hasbeen supported for over 20 years byNSERC Discovery, CollaborativeResearch and Development, andStrategic Project Grants. Dr. Campbellhas also received NSERC Discovery,Research Tools and Instruments, andStrategic Project Grants.

Biomedical Photometrics Inc.Chief Executive Officer: Dr. A.E. Dixon550 Parkside Drive, Unit A12, Waterloo, Ontario N2L 5V4Tel.: (519) 886-9013 Fax: (519) 886-5300E-mail: aedixon@confocal.com

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 12YEAR INCORPORATED: 1994STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Medical Devices and Instrumentation WEB SITE: www.confocal.com

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Biomira Inc.President and Chief Executive Officer: Dr. Alex McPherson2011 94th Street, Edmonton, Alberta T6N 1H1 Tel.: (780) 450-3761 Fax: (780) 450-4772E-mail: bwickson@biomira.com

ANNUAL REVENUE: $8,000,000NUMBER OF EMPLOYEES IN CANADA: 106YEAR INCORPORATED: 1985STOCK MARKET LISTING: TSX: BRA Nasdaq: BIOMINDUSTRIAL SECTOR: Pharmaceuticals/BiotechnologyWEB SITE: www.biomira.com

Products or ServicesBiomira, one of Canada’s oldestbiotechnology companies, is applyingits leading technology in immuno-therapy and organic chemistry to thedevelopment of cancer therapeutics.The company’s commitment to thedevelopment of products for thetreatment of cancer is currentlyfocused on synthetic therapeutic vac-cines and innovative strategies forimmunotherapy of cancer. Biomira’smotto is: We are the Cancer VaccinePeople™.

Biomira’s lead product candidate,BLP25 Liposome Vaccine, has com-pleted a Phase IIb study in non-smallcell lung cancer (NSCLC). The trialinvolved 171 men and women inCanada and the U.K. Further survivaldata is expected to be presented at ascientific forum and published in2005. The likelihood is that the com-pany and its collaborator, MerckKGaA of Darmstadt, Germany, willmove into a larger confirmatory studytowards the end of 2005.

NSERC ResearchersBiomira was co-founded by immu-nologist Dr. Michael Longenecker and pharmacologist Dr. AntoineNoujaim of the University of Alberta.Dr. Noujaim’s research has been sup-ported through NSERC StrategicProject Grants for his research onradio immunoconjugates, once usedin some of Biomira’s products.

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Products or ServicesBIOREM Technologies is NorthAmerica’s fastest growing biofilterodour control company. Since intro-ducing BIOSORBENS™, the firstcompletely inorganic ten-year biofil-ter medium, U.S. sales of custom pre-packaged BIOFILTAIR™ and inte-grated modular BASYS™ biofilter sys-tems have skyrocketed. Benefits of therevolutionary BIOSORBENS™ mediainclude compact, high-performanceequipment for odour and volatileorganic (VOC) compound removal,unparalleled reliability, and easy oper-ation and monitoring. With over 100installations across the country pro-viding the lowest operating and main-tenance costs of any odour or VOCcontrol technology, it’s easy to under-stand why BIOREM’s BASYS™,BIOFILTAIR™ and SYNERGY™ sys-tems have become North America’sfavourite biofilter.

Over 100 biofilter projects havebeen undertaken across NorthAmerica, in a wide variety of indus-tries and municipal odour controlapplications. Installations as large as276,000 cfm (cubic feet per minute)have been undertaken, with projectsup to $3,500,000 in value.

NSERC ResearchersBIOREM Technologies founder Dr. Owen Ward heads the MicrobialBiotechnology Laboratory at theUniversity of Waterloo. Dr. Ward’sresearch program has received sup-port from NSERC Strategic Project,Discovery, and Collaborative Researchand Development Grants. Hisresearch now focuses on extracellularenzymes, biotransformations, bio-degradation, bioremediation andlipids.

BIOREM Technologies Inc.President: Brian P. Herner7496 Wellington Road, Unit 34, RR 3, Guelph, Ontario N1H 6H9 Tel.: (519) 767-9100 Fax: (519) 767-1824E-mail: bherner@biorem.biz

ANNUAL REVENUE: $10,000,000NUMBER OF EMPLOYEES IN CANADA: 21YEAR INCORPORATED: 1990STOCK MARKET LISTING: TSX-V: BRMINDUSTRIAL SECTOR: Environmental TechnologiesWEB SITE: www.biorem.biz

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Products or ServicesBIOX uses its revolutionary new tech-nology to produce the highest quality,renewable, non-toxic and biodegrad-able biodiesel fuel. The BIOX Processturns any feedstock, including veg-etable oils, agricultural seed oils, ani-mal fats/greases and recycled cookingoils into biodiesel fuel at a cost com-petitive with petroleum diesel.

BIOX has a substantial competitiveadvantage over any productionmethod used today. Due to the lowcost of its production and its ability toutilize virtually any type of feedstock(including any animal fats or oils)with the ability to actually convertboth the triglyceride and the free fattyacid portion into biodiesel, it is theonly process that can compete withpetroleum diesel on a cost basis.Other processes that employ either ahigh-temperature or high-pressureprocedure develop product that is notcompetitive on a cost basis withpetroleum-based diesel. This newtechnology makes biodiesel the mostcost-effective green fuel available andcompetitive with petroleum diesel onthe market.

NSERC ResearchersDr. David Boocock, a chemical engi-neering professor at the University ofToronto, developed the biodiesel pro-duction technology, now known asthe BIOX Process. His research onbiodiesel fuels has been supported byNSERC Discovery, CollaborativeResearch and Development, StrategicProject, and Research Tools andInstruments Grants since 1979.

BIOX CorporationDirector of Business Development: Scott Lewis125 Lakeshore Road E., Suite 200, Oakville, Ontario L6J 1H3Tel.: (905) 337-4974 Fax: (905) 337-4974E-mail: slewis@bioxcorp.com

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 9YEAR INCORPORATED: 2000STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Environmental TechnologiesWEB SITE: www.bioxcorp.com

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Boreal Laser Inc.President: Jack Ondrack13-51127 Range Road 255, Spruce Grove, Alberta T7Y 1A8Tel.: (780) 987-4382 Fax: (780) 987-2418E-mail: info@boreal-laser.com

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 5YEAR INCORPORATED: 1987STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Engineering and Scientific ServicesWEB SITE: www.boreal-laser.com

Products or ServicesBoreal Laser makes laser-based gasdetectors, portable or fixed, formethane, carbon dioxide, ammonia,hydrogen fluoride, hydrogen sulphide,hydrogen cyanide and other gases.Patented technology enables thesedetectors to be remarkably small andinexpensive. Applications include leakdetection, process control and moni-toring of emissions in upstream oiland gas facilities, refineries, alu-minum smelters, fertilizer plants,power plants, mines and agriculturaloperations. Boreal also provides ultra-fast response methane detectors fordetecting gas pipeline leaks from air-craft. Using CO2, CH4 or N2O meas-urements, simultaneous meteorologi-cal data and the EPA’s ISCST3 model,Boreal provides greenhouse gas emis-sion measurements for industry, inmany instances replacing estimatessubject to large errors.

At the December 1997 Kyoto con-ference, Boreal measured methaneemissions from the EnvironmentCanada booth. Thanks to such expo-sure, Boreal has been able to export itstechnology abroad, measuring emis-sions for foreign companies interestedin trading greenhouse gas credits.

NSERC ResearchersElectrical engineering professor Dr. John Tulip founded Boreal Laserand serves as the company’s technicaldirector. His research on lasers at theUniversity of Alberta has been sup-ported by NSERC through Discovery,Strategic Project, CollaborativeResearch and Development, ResearchTools and Instruments, andInfrastructure Grants since 1979. Hiscurrent research interests lie in photo-dynamic therapy, cardiovascularlasers, and search and rescue lasers.

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BrightSide Technologies Inc.Chief Executive Officer: Richard MacKellar1310 Kootenay Street, Vancouver, British Columbia V5K 4R1Tel.: (604) 228-4624 Fax: (604) 228-4622E-mail: richard.mackellar@brightsidetech.com

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 14YEAR INCORPORATED: 2002STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Computer, Electronic and Electrical EquipmentWEB SITE: www.brightsidetech.com

Products or ServicesBrightSide Technologies is a privatelyheld company developing and com-mercializing ground-breaking elec-tronic display technologies.

BrightSide Technologies is current-ly developing a new high-brightnessdisplay technology called HDR (HighDynamic Range). The technologyoffers more brightness and contrastranges than existing CRT, plasma orLCD televisions and computer moni-tors. Images displayed on HDR tech-nology show more of the true range ofluminance we observe in the realworld.

The company has established severalpromising commercial opportunitiesfor the technology and is workingwith leading component and devicemanufacturers towards the produc-tion of HDR, while also exploringpossible development, manufacturingand marketing partnerships.

NSERC ResearchersBrightSide Technologies, formerlyknown as Sunnybrook Technologies,was founded by Helge Seetzen, thecompany’s director of technology,Don Graham, and Drs. LorneWhitehead and Michele Mossman.Together they developed the displaytechnology commercialized byBrightSide over a six-year period atthe Structured Surface PhysicsLaboratory at the University of BritishColumbia. Dr. Lorne Whitehead is aprofessor of physics, vice presidentacademic and provost of theUniversity of British Columbia. Heholds the 3M/NSERC Chair forStructured Surface Physics and is rec-ognized internationally for inventingthe Prism Light Guide System.NSERC funded a major component ofthe research on the display technologythat led to the formation ofBrightSide with Strategic Project, andCollaborative Research andDevelopment Grants. Dr. MicheleMossman is a research associate inapplied physics at the University ofBritish Columbia. She received twoNSERC Undergraduate StudentResearch Awards and PostgraduateScholarships to support her master’sand doctoral studies.

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Products or ServicesBytePress specializes in security tech-nology designed to protect entertain-ment and intellectual property on-line. As file-sharing Web services con-tinue to allow access to copyrightedmaterial at no cost, record companyexecutives, on-line retailers and digitalservice providers are urgently seekinga solution to the problem. BytePresshas the answer.

BytePress’ Digital Right Manage-ment (DRM) system is a groundbreak-ing data encryption tool. DRM willprotect and limit access to copyrighteddigital content available on theInternet. This includes music, movies,software, and technical literature.

BytePress intends to publish its ownencrypted material on-line, and hasrecently perfected a demonstration ofthe DRM technology aimed at theentertainment industry.

NSERC ResearchersBytePress’ founder and chief operat-ing officer, Dr. Bipin C. Desai, is anexpert in digital rights management,digital libraries, computer architec-ture and database information sys-tems. He is a professor of computerscience at Concordia University andgeneral chair of IDEAS – an ongoingseries of international symposia ondatabase engineering and application.In addition to various industrial andgovernmental grants and contracts,Dr. Desai’s research has been support-ed by NSERC Discovery Grants.

BytePressChief Operating Officer: Dr. Bipin C. Desai11 Brynmor Avenue, Montréal, Quebec H4X 2A8Tel.: (514) 488-9822 Fax: Not listedE-mail: bcdesai@ideas.concordia.ca

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 4YEAR INCORPORATED: 1999STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Software and Computer ServicesWEB SITE: Not listed

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Products or ServicesCanBiocin’s founders have discoveredstrains of lactic acid bacteria thatoccur naturally in meat and havefound a way to use them to extend theshelf life and safety of fresh, preparedand processed meat.

Some lactic acid bacteria naturallyproduce antibacterial peptides,known as a bacteriocins, that inhibitthe growth of spoilage and patho-genic bacteria. CanBiocin’s technolo-gy involves the addition of bacterio-cinogenic lactic acid bacteria to vacu-um-packaged, refrigerated meats.This has been shown to eliminate haz-ardous strains of Listeria monocyto-genes from meats.

The CanBiocin technology has alsobe targetted against intestinal patho-gens in farm animals using lactic acidbacteria, for example the control ofscours in weanling pigs.

NSERC ResearchersCanBiocin was formed to commer-cialize the discoveries of University ofAlberta professors Drs. Michael Stiles,Lynn McMullen and John Vederas. Afood microbiologist, Dr. Stiles workedto improve the safety of foodthroughout his academic career. Hehas received NSERC Discovery,Research Tools and Instruments, andStrategic Project Grants for hisresearch since 1980. His longtime col-league Dr. Lynn McMullen is an asso-ciate professor in the Department ofAgricultural, Food and NutritionalScience at the University of Alberta.Her current research focuses on foodpackaging and food safety. NSERChas funded her research on bacteri-ocins with Discovery Grants. Dr. JohnVederas is a university professor ofchemistry and a fellow of the RoyalSociety of Canada. He also holds theCanada Research Chair in Bioorganicand Medicinal Chemistry. Hisresearch on bioorganic chemistry hasbeen funded by NSERC since 1978.

CanBiocin Inc.President and Chief Executive Officer: Dr. Michael E. Stiles1015 Research Transition Facility8308 114th Street, Edmonton, Alberta T6G 2E1Tel.: (780) 436-5228 Fax: (780) 436-5228E-mail: canbiocin@ualberta.ca

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 5YEAR INCORPORATED: 1998STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Pharmaceuticals/BiotechnologyWEB SITE: Not listed

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CARISChief Executive Officer: Dr. Salem Masry115 Waggoner’s Lane, Fredericton, New Brunswick E3B 2L4Tel.: (506) 458-8533 Fax: (506) 459-3849E-mail: info@caris.com

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 125YEAR INCORPORATED: 1979STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Software and Computer ServicesWEB SITE: www.caris.com

Products or ServicesFrom its headquarters in NewBrunswick, CARIS develops and supports rigorous, technologicallyadvanced geomatics software. Thecompany’s systems give value to spa-tial data and empower its customerswith information that is meaningful.

CARIS has been at the forefront ofthe movement toward computer-aided cartography and mapping sinceits founding in 1979 and is surginggeomatics technology further with itsopen, flexible Internet and database-driven technologies.

Today, CARIS offers a robust line ofspatial information management soft-ware for customers across land andmarine applications. Its product lineenables customers to input, create andmanage, and deliver consistently reli-able spatial data information andproducts.

In addition to its New Brunswickheadquarters, CARIS also operatesfrom a European subsidiary office inThe Netherlands and an office in theUnited States.

There are also more than 40resellers bringing sales and support of CARIS brand software to morethan 70 countries. In 2003, more than70 per cent of revenue was fromexports with 34 per cent from Europe.

NSERC ResearchersCARIS was founded by Dr. SalemMasry, former professor of geodesyand geomatics engineering at theUniversity of New Brunswick.Dr. Masry helped found the DigitalMapping Laboratory at UNB in the 1980s. NSERC has supported Dr. Masry’s research through Dis-covery, Infrastructure, and ResearchTools and Instruments Grants.

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Products or ServicesCell-Loc Location Technologies, aleader in the emerging wireless loca-tion industry, is the developer of afamily of wireless products thatenable location-based services. Cell-Loc uses patented and patent-pendingtime difference of arrival (TDOA)hyperbolic trilateration to calculatethe location of wireless devices such asits own Beacon (wireless radio fre-quency transmitter). This network-based solution provides a low-cost,highly reliable and accurate solutionfor fleet tracking, asset tracking, peo-ple find, pet find, traffic monitoringand a myriad of wireless Internetapplications.

Cell-Loc currently develops, mar-kets and supports its patented wirelesslocation technology worldwide.

NSERC ResearchersCell-Loc Location Technologies wasfounded by Dr. Michel Fattouche, thecompany’s chief technical officer, andDr. Hatim Zaghloul to commercializetheir research findings at the Uni-versity of Calgary’s Department ofElectrical and Computer Engineering.Dr. Fattouche is a tenured professor of electrical and computer engineeringat the University of Calgary.Dr. Fattouche’s research was supportedby NSERC grants and Dr. Zaghloul heldan NSERC postgraduate scholarship.

Cell-Loc Location Technologies Inc.President and Chief Executive Officer: Sheldon ReidSuite 220 Franklin Atrium, 3015 5th Avenue NE, Calgary, Alberta T2A 6T8Tel.: (403) 569-5700 Fax: (403) 569-5701E-mail: info@cell-loc.com

ANNUAL REVENUE: $896,000 (2003)NUMBER OF EMPLOYEES IN CANADA: 12YEAR INCORPORATED: 1995 STOCK MARKET LISTING: TSX-V: LTIINDUSTRIAL SECTOR: Telecommunications WEB SITE: www.cell-loc.com

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Certicom CorporationPresident and Chief Executive Officer: Ian McKinnon5520 Explorer Drive, 4th Floor, Mississauga, Ontario L4W 5L1Tel.: (905) 507-4220 Fax: (905) 507-4230E-mail: info@certicom.com

ANNUAL REVENUE: $42,890,000 (Fiscal 2004)NUMBER OF EMPLOYEES IN CANADA: 105YEAR INCORPORATED: 1985STOCK MARKET LISTING: TSX: CICINDUSTRIAL SECTOR: Software and Computer ServicesWEB SITE: www.certicom.com

Products or ServicesCerticom is the authority for strong,efficient cryptography required bysoftware vendors and device manu-facturers to embed security in theirproducts. Adopted by the U.S. govern-ment’s National Security Agency(NSA), Certicom technologies forElliptic Curve Cryptography (ECC)provide the most security per bit ofany known public key scheme, mak-ing it ideal for constrained environ-ments.

Based on 20 years of research,Certicom’s patent portfolio includesover 300 patents and patents pendingworldwide which puts the company atthe forefront of groundbreakingresearch in the field of cryptographyand many security developments. Asan active participant in internationalstandards organizations, Certicomalso provides leadership in the stan-dardization of ECC and other crypto-graphic technologies by ANSI, IEEE,ISO, NIST/FIPS and other major stan-dards organizations.

Certicom products and services arecurrently licensed to more than 300customers including Cisco Systems,Motorola, Oracle, Research InMotion, Sybase, Terayon, TexasInstruments and Unisys.

NSERC ResearchersCerticom’s founders, Drs. ScottVanstone, Ron Mullin and GordAgnew, are researchers and membersof the Data Encryption Group at theUniversity of Waterloo. Drs. Vanstoneand Mullin are professors in theDepartment of Combinatorics andOptimization, one of the world’slargest cryptographic mathematicsdepartments. Dr. Agnew is an associateprofessor in the Department ofElectrical and Computer Engineeringat Waterloo. Dr. Vanstone, the compa-ny’s executive vice-president, strategictechnology, currently holds theNSERC/Pitney Bowes Senior Chair ofCryptography and is the executivedirector for the Centre for AppliedCryptographic Research (CACR). TheCACR’s mandate is to advanceresearch, research training, university-industry collaboration and discoveriesin the cryptography industry.Dr. Vanstone’s research has been supported by NSERC Discovery,Collaborative Research and Develop-ment, and Strategic Project Grants.Dr. Mullin, a distinguished emeritusprofessor, has received NSERCDiscovery, Strategic Project, andResearch Tools and InstrumentsGrants. Dr. Agnew has been supportedby numerous NSERC Discovery Grants.

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Chenomx Inc.President: Neil Taylor800 Ironwood Professional Centre, 10050 112th Street, Edmonton, Alberta T5K 2J1Tel.: (780) 732-4551 Fax: (780) 432-3388E-mail: ntaylor@chenomx.com

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 8YEAR INCORPORATED: 2000STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Medical Devices and InstrumentationWEB SITE: www.chenomx.com

Products or ServicesChenomx offers a unique, revolu-tionary, non-invasive health diagnos-tics technology designed to improvethe speed and efficacy of medicaldiagnosis.

One small sample of urine or bloodcan be analyzed quickly and inexpen-sively to aid in the diagnosis of hun-dreds of diseases. Chenomx technolo-gy is also well suited for use in drugsafety and toxicology testing to meas-ure the effects of pharmaceuticaldrugs on a patient.

Using metabolomics – the scienceof measuring hundreds of metabolicindicators – Chenomx technologybuilds an individual health profileusing metabolic indicators and mark-ers. Nuclear Magnetic Resonance(NMR) spectrometers are used toscan small quantities of biologicalfluid obtained from the subject.Complex software compares the NMRspectra with spectral signatures ofpure metabolites developed byChenomx from thousands of NMRexperiments, and calculates the con-centration of each of the metabolitesin the biological fluid sample.

Chenomx is a private Canadiancompany located in Edmonton withextensive collaborative relationships.

Close research and development linkswith the University of Alberta arecomplemented by a strategic market-ing and financial agreement withVarian Inc., a world-leading supplierof NMR spectrometers.

NSERC ResearchersDrs. David Wishart and Brian Sykesfounded BioTools, which later spunoff its diagnostic operations intoChenomx. Dr. Wishart is a professorin the Department of ComputerScience and Biological Sciences at theUniversity of Alberta and Chenomx’spast scientific director. Dr. Sykes is professor of biochemistry at the University of Alberta. Both Drs. Wishart and Sykes are NMRspectoscopists who helped developNMR spectroscopy as a tool for deter-mining health status by looking atmetabolites in urine, a technologyChenomx has continued to develop.Dr. Wishart is world renowned for hisresearch on nuclear magnetic reso-nance spectroscopy, bioinformaticsmetabolic profiling and protein struc-tural biology. NSERC has supportedDr. Wishart’s research with DiscoveryGrants. Dr. Sykes has received MajorFacilities Access Grants from NSERC.

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Chronogen Inc.President and Chief Executive Officer: Dr. Max Fehlmann2901 Rachel Street East, Suite 22, Montréal, Quebec H1W 4A4Tel.: (514) 521-9595 Fax: (514) 521-1579E-mail: info@chronogen-inc.com

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 13YEAR INCORPORATED: 1998STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Pharmaceuticals/BiotechnologyWEB SITE: www.chronogen-inc.com

Products or ServicesChronogen’s mission is the commer-cialization of novel treatments forage-dependent diseases, with a focuson disorders induced by oxidativedamage. With the increase in lifeexpectancy in industrial societies, thestudy of aging is the focus of a largenumber of academic, health and wel-fare, and research institutions. InNorth America, the average lifespanhas increased by 30 years over thecourse of the 20th century, and today,approximately 40 million people inNorth America are over 65 years old.

Although many people enjoy a highquality of life as they age, they arenonetheless increasingly susceptibleto a wide variety of diseases. This dis-ease prevalence in the aged popula-tion, compared to younger age classes,indicates the existence of a strongtime-dependent increase in the inci-dence of cardio- and cerebrovasculardisorders, neurodegenerative diseasesand cancer.

With the discovery of genes thatcontrol aging and the need for a newapproach to discover effective treat-ments, Dr. Siegfried Hekimi, professorof biology at McGill University,founded Chronogen in 1998.

Significant headway towards theidentification and validation of targetgenes has already been made. Bystreamlining analysis of genetic path-ways that determine lifespan in modelorganisms, Chronogen scientists havediscovered metabolic pathways thataffect age-dependent diseases, andidentified targets ideally suited fordrug discovery. These highly con-served pathways are initially identifiedthrough the study of the nematode C. elegans.

NSERC ResearchersDr. Siegfried Hekimi is a world-leadingexpert in C. elegans genetic analysisand a pioneer in the field of the genet-ics of aging research on model organ-isms. A professor of biology at McGillUniversity, Dr. Hekimi has also ledChronogen’s research efforts over thepast six years to find and characterizenovel groups of genes that candecrease the rate of aging and prolongthe lifespan of the nematode worm.NSERC has supported Dr. Hekimi’sresearch with Discovery, and ResearchTools and Instruments Grants.

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Products or ServicesComlab has wide-ranging expertise inthe field of electrical engineering, spe-cializing in the areas of telecommuni-cations and radio frequency electron-ics. Since 1984, the company hasplayed a key role as a strategic partnerfor several Canadian companies.

Comlab’s mission is to provideinnovative solutions to problems indiverse industries through the appli-cation of radio frequency, microwaveand electronics technologies.

NSERC ResearchersComlab was founded by a team ofresearchers in the Department ofElectrical Engineering at UniversitéLaval: Dr. Gilles Delisle and the lateDr. Michel Lecours, and researchassistants Marcel Pelletier and JohnAhern. NSERC has supported Drs.Delisle and Lecours with Discovery,Strategic Project, and Research Toolsand Instruments Grants for the past20 years.

Comlab Inc.President: John Ahern2300 Léon-Harmel Street, Suite 220, Québec, Quebec G1N 4L2Tel.: (418) 682-3380 Fax: (418) 682-8996E-mail: info@comlab.com

ANNUAL REVENUE: $1,200,000NUMBER OF EMPLOYEES IN CANADA: 16YEAR INCORPORATED: 1984STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Telecommunications WEB SITE: www.comlab.com

RESEARCH MEANS BUSINESS

Products or ServicesCredo Interactive is a leading develop-er of 3D movement animation toolsfor entertainment, education, multi-media and the arts. The underlyingtechnology for the company’s uniqueLife Forms animation software wasdeveloped at Simon Fraser University.The software is an animation tool forhuman figure and character anima-tion, and has also proven highly valu-able in sports education, choreogra-phy, dance and multimedia contentdevelopment. Complex motions suchas walking and running can be createdvery easily, and there is support formotion capture data. This software,bundled with unique electronic dic-tionaries of ballet and modern dancecontent is marketed as DanceFormsand is used extensively for teaching inK-12, colleges and universities aroundthe world. The Life Forms technologyis non-exclusively licensed to othercompanies for specialized applica-tions of avatars for 3D on-line envi-ronments by Worlds Inc. (U.S.).

Leveraging their roots in award-winning products, Credo also pro-vides customized strategic solutionsto create compelling content andtechnology for applications. The com-pany’s expertise ranges from consult-

ing to implementation of everythingto do with 3D character animation.This includes 3D virtual environ-ments, characters and avatars, gamingdevelopment, and wireless communi-cation. Credo is active in project con-sulting, production services, contractsoftware development and technologypartnerships.

NSERC ResearchersLife Forms, Credo Interactive’s leadsoftware, was developed by Dr. TomCalvert and his team of graduate stu-dents at Simon Fraser University. Thisresearch project was initially a collab-oration between Dr. Calvert, a num-ber of dance teachers and New Yorkchoreographer Merce Cunningham.The research was supported byNSERC and the Social Sciences andHumanities Research Council ofCanada. Dr. Calvert’s research hasreceived NSERC support throughDiscovery, Infrastructure, andResearch Tools and InstrumentsGrants. He is currently a theme leaderin the NSERC-funded LORNETNetwork.

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Credo Interactive Inc.President: Sang Mah999 West Broadway, Suite 720Vancouver, British Columbia V5Z 1K5Tel.: (604) 291-6717 Fax: (604) 648-8827E-mail: info@charactermotion.com

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 4YEAR INCORPORATED: 1996STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Software and Computer ServicesWEB SITE: www.credo-interactive.com

Products or ServicesCVD Diamond has developed propri-etary technology for the productionof pure diamond films, which have athickness of up to 40 microns (µm).While diamond film can be used for anumber of applications due to itsproperties, CVD Diamond has decid-ed to concentrate on the exploitationof its extreme hardness and wearresistance. The company focuses ondiamond coatings on cutting tools forthe machining of non-ferrous materi-als where tool life can be extended byat least an order of magnitude overtungsten carbide tools.

The company’s diamond films areextremely homogeneous, whichresults in longer life and more consis-tent performance. Careful selection ofsubstrates and the company’s propri-etary preparation techniques allowsexcellent adhesion of the diamondfilm to the tool. The combination ofthese technologies results in thelongest lasting tools available on themarket today.

CVD Diamond offers a completeline of diamond-coated end mills forthe machining of non-ferrous materi-als, ranging from cutting diameters of1/64" to 1/2".

NSERC ResearchersIn the 1990s, Drs. Leo Lau and BiwuSun, researchers at the University ofWestern Ontario, were able to produce pure diamond films bychemical vapour deposition (CVD)and founded CVD Diamond to further the technology. Dr. Lau, nowdean of science at the ChineseUniversity of Hong Kong, has beensupported by NSERC CollaborativeResearch and Development, StrategicProject, Industrially OrientedResearch, and Discovery Grants.

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CVD Diamond CorporationPresident: Joe Brennan2061 Piper Lane, London, Ontario N5V 3S5Tel.: (519) 457-9903 Fax: (519) 457-9958E-mail: Not listed

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 8YEAR INCORPORATED: 1998STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Chemicals and MaterialsWEB SITE: www.cvddiamond.com

RESEARCH MEANS BUSINESS

Products or ServicesDALSA is an international high per-formance semiconductor and elec-tronics company that designs, devel-ops, manufactures and markets digitalimaging products and solutions, inaddition to providing semiconductorproducts and services. DALSA’s corecompetencies are in specialized inte-grated circuit and electronics technol-ogy, software and highly engineeredsemiconductor wafer processing.Products and services include imagesensor components; electronic digitalcameras; vision processors; imageprocessing software; and semiconduc-tor wafer foundry services for use inMEMS, high-voltage semiconductors,image sensors and mixed-signalCMOS chips.

The company has its corporateoffices in Waterloo, Ontario and over1,000 employees worldwide.

NSERC ResearchersDALSA was initially founded as a con-sulting firm by Drs. SavvasChamberlain and David Roulston ofthe Department of Electrical andComputer Engineering at theUniversity of Waterloo. Bothresearchers are specialists in micro-electronics and integrated circuitdesign. Dr. Roulston withdrew fromthe company in 1983 to focus on hisresearch, while Dr. Chamberlain capi-talized the company in 1984 and laterexpanded it. Both Drs. Chamberlainand Roulston have received NSERCsupport since 1978. Dr. Chamberlainis a Fellow of the IEEE, a member ofMicronet, and a winner of theNSERC-Information TechnologyAssociation of Canada award for aca-demic excellence. In the technical andscientific community, he is a recog-nized pioneer in the area of CCDs,Metal Oxide Semiconductor/FieldEffect Transistors (MOSFETs) andactive pixel sensor technology.

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DALSA CorporationChairman and Chief Executive Officer: Dr. Savvas Chamberlain605 McMurray Road, Waterloo, Ontario N2V 2E9Tel.: (519) 886-6000 Fax: (519) 886-8023E-mail: sales.americas@dalsa.com

ANNUAL REVENUE: $168,600,000NUMBER OF EMPLOYEES IN CANADA: 878YEAR INCORPORATED: 1980STOCK MARKET LISTING: TSX: DSAINDUSTRIAL SECTOR: Electronic Parts and ComponentsWEB SITE: www.dalsa.com

Products or ServicesDatec Coating offers a new process forproducing high-quality ceramic coat-ing materials. The Datec process can beused to improve the performance ofexisting materials or to create new,innovative products.

Ceramics are typically hard, inertmaterials that do not rust, wear or wetas easily as metals. By depositing aceramic layer on the surface of metalliccomponents, Datec can extend theservice life or enhance the performanceof metallic materials that operate inhazardous environments. Datec hasalso used its novel technology to createa range of ceramic coatings capable ofgenerating heat. The company has initi-ated an extensive research programaimed at developing highly efficientheating elements where the heater is acoating directly attached to the materialbeing heated. This low-profile designimproves efficiency and performanceand allows for the possibility of newdesigns. Applications for the Datecprocess range from household appli-ances and cookware to the automotive,plastics and aerospace industries.

The Datec process involves applyinga special ceramic solution or paint tometallic objects and then firing thecoated piece at 350°C to bond the two

together. The paint can be deposited byspraying, screen-printing, dip-coatingor using a paintbrush. The low firingtemperature allows the coating to beapplied to a wide range of materials,including soft metals such as alu-minum and magnesium (both of inter-est to the automotive industry for light-weight cars). Datec technology hasapplications in four key sectors: theappliance industry (heating elements),the plastics industry (non-stick coat-ings), and the automotive/aerospaceindustries (thermal barriers and corro-sion protective layers).

NSERC ResearchersDatec Coating’s ceramic coatingprocess was invented by Dr. MichaelSayer and his students, Drs. DavidBarrow, Datec’s president, and TedPetroff, the company’s vice-president.NSERC’s technology partnershipsprogram helped with the commercial-ization of their invention. Dr. Sayer,Professor Emeritus of physics atQueen’s University, has receivedNRC/NSERC grants since 1962.Dr. Sayer, Datec and Queen’sUniversity were recognized for thedevelopment of the Datec ceramiccoating process with a 2001 NSERCSynergy Award for Innovation.

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Datec Coating CorporationChief Executive Officer: Richard Cooper851 Nipissing Road, Milton, Ontario L9T 4Z4Tel.: (905) 876-1999 Fax: (905) 878-3143E-mail: dbarrow@dateccoating.com

ANNUAL REVENUE: $500,000NUMBER OF EMPLOYEES IN CANADA: 7YEAR INCORPORATED: 1995STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Chemicals and MaterialsWEB SITE: www.dateccoating.com

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DBMiner Technology Inc.Acting President: Ping Quin2125 West 14th Avenue, Vancouver, British Columbia V6K 2V8Tel.: (604) 739-7862 Fax: Not listedE-mail: dbminerinfo@yahoo.com

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 5YEAR INCORPORATED: 1997STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Software and Computer ServicesWEB SITE: www.dbminer.com

Products or ServicesDBMiner Technology researches anddevelops data mining and data ware-housing technology. The company is aleading provider of automated andreal-time on-line analytical process-ing (analytic) solutions for businessperformance measurement, customermanagement and market analysis.

In 2002, Microsoft selectedDBMiner as a data mining partner forthe SQL Server Accelerator forBusiness Intelligence, a rapid applica-tion development tool. DBMiner’sInsight, the world’s first analyticalserver powered by data mining on theMicrosoft SQL Server 2000 Analysisplatform, will provide powerful, scala-ble and easy-to-use analytics to cus-tomers using SQL Servers.

DBMiner provides enterprise userswith powerful capabilities to extractmore value and knowledge from theirbusiness and operational data to makeinsightful decisions. The DBMinersystems automatically analyze pat-terns and trends of cross-selling,up-selling, profit optimization, costreduction for commerce transactions,sales and marketing, customer rela-tionships, customer support, anddefect correlations.

The company’s customers includeBoeing, Hewlett-Packard and LondonDrugs.

NSERC ResearchersDr. Jiawei Han, DBMinerTechnology’s director of R&D, is aprofessor of database, data mining,and data warehousing at theUniversity of Illinois at Urbana-Champaign. Dr. Han developed a prototype of DBMiner’s data miningsystem at Simon Fraser Universitywith research funds from NSERC andthe Institute for Robotics andIntelligent Systems (IRIS), a Networkof Centres of Excellence. NSERC has consistently supported Dr. Han’sresearch into database systems and data mining with Discovery,Research Tools and Instruments,and Collaborative Research andDevelopment Grants. Dr. Han haspublished over 150 research papersand is the author of the best-sellingbook Data Mining: Concepts andTechniques.

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Decision Academic Inc.President and Chief Executive Officer: John Purdon280 Albert Street, Suite 600, Ottawa, Ontario K1P 5G8Tel.: (613) 233-2365 Fax: (613) 233-5269E-mail: info@decisionacademic.com

ANNUAL REVENUE: $4,000,000NUMBER OF EMPLOYEES IN CANADA: 33YEAR INCORPORATED: 1994STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Software and Computer ServicesWEB SITE: www.decisionacademic.com

Products or ServicesDecision Academic is a world leaderin bringing student-focused informa-tion technology to higher educationinstitutions. For more than a decade,Decision Academic has helped col-leges and universities use technologyto better manage their administrativeoperations and provide students withself-service support and better accessto information. Products include: stu-dent support systems, distance learn-ing systems and student informationsystems.

Decision Academic is headquarteredin Ottawa, with customers and clientsacross Canada and the United States.

NSERC ResearchersThe late Dr. Ivan Rival developed theDegree Navigator software while atthe University of Ottawa, which led tothe formation of Decision Academic.Dr. Rival’s research activities weresupported by NSERC DiscoveryGrants.

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DEL-AIR Systems Ltd.President: Robert Hawkins1704 4th Avenue, PO Box 2500, Humboldt, Saskatchewan S0K 2A0Tel.: (306) 682-5011 Fax: (306) 682-5559E-mail: sales@del-air.com

ANNUAL REVENUE: $10,000,000NUMBER OF EMPLOYEES IN CANADA: 100YEAR INCORPORATED: 1981STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Agriculture, Forestry and FishingWEB SITE: www.del-air.com

Products or ServicesThe innovative technology thatemerged from research at theUniversity of Saskatchewan 17 yearsago is now the basis of a commercialsystem that is keeping livestock happyacross the country. This technologywas developed at the University ofSaskatchewan and is now manufac-tured by DEL-AIR Systems.

DEL-AIR’s heat exchanger equip-ment keeps livestock comfortablethrough winter humidity and savesheating energy. The result is more effi-cient livestock production systems,with improved animal comfort andmore rapid weight gains. DEL-AIRSystems produces rotationally mould-ed polyethylene housings that are moretolerant of harsh conditions and easierto clean than conventional systems.

NSERC ResearchersThe DEL-AIR heat exchangeremerged from early-stage researchwork directed by Professor EmeritusRobert Besant at the University ofSaskatchewan’s Department of Eng-ineering, and funded by an NSERCStrategic Project Grant. Dr. Besantdirected experiments with heat trans-fer and simple plywood and polyeth-ylene plate-type heat exchangers. Amember of his research staff saw thecommercial potential in air-to-airheat exchangers for both agriculturaland residential use, and left the uni-versity to develop both the DEL-AIRagricultural heat exchanger and theVanEe residential heat exchanger.Two companies were started to exploit this commercial potential:DEL-AIR Systems for agriculturaltechnology, and Conservation EnergySystems, now known as Venmar CES,for residential buildings. NSERC has supported Dr. Besant’s research with several Strategic Project andDiscovery Grants.

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Products or ServicesDiCOS Technologies Inc. is a worldleader in smart photonics for absolutecalibration and control applications.The company designs and manufac-tures optical frequency managementdevices that allow very accurate andreliable calibration of tunable lasersand testing and measurement instru-mentation.

DiCOS’s new technology is basedon the production of complex opticalfilters made up of a set of quantumresonances and transmissions charac-teristic of phototonic components. Itcan be used in wavelength multiplex-ing frequency locking systems and foraccurate interferometric measurementof distances and fine spectrum analy-sis of optical filters or optical signals.

NSERC ResearchersDr. Michel Têtu, one of DiCOSTechnologies Inc.’s founders, is a pro-fessor in the Department of ElectricalEngineering at Université Laval. Thecompany’s three other founding mem-bers are Dr. Jean-François Cliche, vice-president, R&D, Dr. Christine Latrasse,scientific director, and Alain Zarka,test and measurement director.NSERC helped fund Dr. Têtu’sresearch program at the Centre forOptics, Photonics and Lasers (COPL)at Université Laval, which led to theformation of DiCOS. Dr. Têtu’sresearch has been supported byNSERC Discovery, Research Tools andInstruments, Collaborative Researchand Development, and StrategicGrants for over 30 years.

DiCOS Technologies Inc.President and Director of Technology: Jacques Delisle2716 Einstein Street, Sainte-Foy, Quebec G1P 4S8Tel.: (418) 266-6660 Fax: (418) 266-9990E-mail: info@dicostech.com

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 14YEAR INCORPORATED: 2000STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Computer, Electronic and Electrical Components and PartsWEB SITE: www.dicostech.com

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Products or ServicesDroycon Bioconcepts has developedand is manufacturing a range of sim-ple but effective biodetectors to testfor specific nuisance bacteria in water.These patented testers were developedin response to the need to detect bio-fouling and improve the managementof significant microbial activities inwater wells, wastewater systems, andat hazardous waste sites. Currently,nine different biological activity reac-tion tests (BART™ testers) are manu-factured. Two of the testers havereceived environmental technologyverification through the ETV CanadaInc. program. Most of the product isexported to the United States. Fieldtests have been performed in the U.S.,Europe and South Africa, as well as inCanada. Current developmentsinclude a replacement for the five-daybiochemical oxygen demand test(BOD-BART system) and a novel col-iform bacteria detection test (COLI-BART system).

The company has also been active inthe development of systems for reha-bilitating biologically plugged waterwells using its patented blended chem-ical heat treatment (BCHT™) system.In conjunction with Agriculture andAgri-Food Canada, the company gen-

erated an understanding of this prob-lem in the Canadian prairies. This ledto the development of a modificationof the BCHT™ treatment processmore applicable to the local condi-tions. This technology is known as theultra-acid base treatment (UAB™)and has been used in Alberta andSaskatchewan by ARCC WellRehabilitation Canada Inc., a sistercompany formed in 2001 to specifical-ly undertake water well rehabilitation.

NSERC ResearchersDroycon Bioconcept’s BART™ tech-nology was founded on the researchof Dr. Roy Cullimore in collaborationwith George Alford of ARCC.Dr. Cullimore retired as a professor ofmicrobiology at the University ofRegina to work full-time for Droycon.He devised the company’s systems inpart through the support of theNSERC Discovery Grant programduring the 1980s. The University’sRegina Water Research Institute alsoplayed a major role in the advance-ment of the BCHT™ technologies.

Droycon Bioconcepts Inc.President: Roy Cullimore315 Dewdney Avenue, Regina, Saskatchewan S4N 0E7Tel.: (306) 585-1762 Fax: (306) 585-3000E-mail: lori.dbi@accesscomm.ca

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 9YEAR INCORPORATED: 1987STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Environmental TechnologiesWEB SITE: www.dbi.ca

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Products or ServicesDynacon applies automation androbotics technology for the laboratoryand aerospace markets. The compa-ny’s capabilities lie in systems integra-tion, analysis and simulation, softwareand hardware design, and fabrication.In the laboratory automation market,Dynacon’s InocuLab product linereduces labour cost, increases quality,replaces scarce labour and eliminatesexposure to repetitive strain injury. Inaerospace, the company developssatellite control systems products, per-forms advanced systems analyses andconstructs complete microsatellites.

Dynacon is the prime contractorfor the MOST (Microvariability andOscillations of STars) microsatellite,Canada’s first space telescope, whichwas launched on June 30, 2003.MOST is the about the size of a suit-case and weighs only 52 kg. MOST’sscience mission is planned for oneyear during which the telescope willcollect science data and make veryprecise measurements of the bright-ness of target stars.

Dynacon’s Mini-Reaction Wheeland Gyro-Damper technologies arenow being used in high-performancecontrol systems for microsatellite andsmall satellite applications. The com-

pany has also extended its expertiseinto terrestrial products such asInocuLab – an automated roboticworkcell that prepares specimens formicrobiology testing. Dynacon hasobtained venture capital investmentto develop and grow this exciting newproduct line.

NSERC ResearchersDr. P.C. Hughes is a ProfessorEmeritus of space systems engineer-ing at the Institute for AerospaceStudies at the University of Toronto.Dynacon evolved out of a partnershipbetween Drs. Hughes and DaleCherchas. Dr. Hughes’ research in thearea of the dynamics and control offlexible spacecraft has been supportedby numerous NSERC Discovery,Collaborative Research andDevelopment, Research Tools andInstruments, and Strategic ProjectGrants since 1979.

Dynacon Inc.Chief Executive Officer: Stephen J. Sorocky3565 Nashua Drive, Mississauga, Ontario L4V 1R1Tel.: (905) 672-8828 Fax: (905) 672-8829E-mail: sjs@dynacon.ca

ANNUAL REVENUE: $4,300,000NUMBER OF EMPLOYEES IN CANADA: 25YEAR INCORPORATED: 1980STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Software and Computer ServicesWEB SITE: www.dynacon.ca

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Products or ServicesDynastream Innovations is a Canadiancompany with world-leading expertisein the research and development ofinertial and wireless technology for con-sumer, commercial, medical and indus-trial markets.

Originating from the idea of usingaccelerometers to track and measuremotion, Dynastream’s founding part-ners worked to develop, test and perfectits patented technology before introduc-ing it to potential markets.

In the spring of 2000, Dynastreamsigned a multi-million dollar contractwith Nike, Inc., a leading sports and fit-ness company, to bring to market aproprietary shoe-mounted sensor,which enables wearers to determine –with great accuracy, complete ease andin real time – their distance travelledand speed. Since then, Dynastream’spatented motion analysis technology,known as SpeedMax, has become theplatform on which several personalmonitoring devices currently on themarket are based. Dynastream haspartnered with a number of large glob-al companies to develop products cus-tomized for their sports, medical andindustrial applications.

While developing SpeedMax, Dyna-stream uncovered a need for a low-cost,ultra-low power, RF protocol that wouldenable data transmission among minia-

ture devices, and set forth to meet theneed. With a wristwatch application inmind, Dynastream’s design engineershave developed ANT, a wireless person-al area network (PAN) protocol andcommercially available product linewith the potential to become a standardamong communications technologies.Dynastream believes that ANT’sadvances in miniaturized low-powerprocessors, inertial sensors and radiofrequency (RF) communicationdevices will spawn the next generationof consumer and commercial productsas well as industrial and medical equip-ment. As these advances are meldedand applied, they will open the door toenabling everyday physical objects withthe ability to compute and communi-cate information.

NSERC ResearchersDynastream Innovations was foundedby Kip Fyfe, Jim Rooney, Vicki Brilz andDr. Ken Fyfe. Dr. Fyfe, a runner, trackand field coach, and mechanical engi-neering professor at the University ofAlberta, developed the inertial technolo-gy on which SpeedMax is based aftersomeone proposed it as an ideal projectfor his annual design course. Dr. Fyfe’sresearch on biomechanical sensor devel-opment was supported by NSERCDiscovery, and Research Tools andInstruments Grants.

Dynastream Innovations Inc.President & Chief Executive Officer: Kip Fyfe228 River Avenue, Cochrane, Alberta T4C 2C1 Tel.: (403) 932-9292 Fax: (403) 932-6521E-mail: dynastream@dynastream.com

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 40YEAR INCORPORATED: 1998STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Computer, Electronic and Electrical EquipmentWEB SITE: www.dynastream.com

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Products or ServicesOne of the pitfalls of current methodsof pesticide spraying is that much ofthe spray fails to stick to plant leaves.Three researchers from the Universityof Western Ontario have found a solu-tion – an electrostatic spray that stickslike glue to leaves. For over 25 years,their invention has been marketed byElstat, a company incorporated forthat purpose. The bottom line?Reduced use of farm chemicals, whichmeans cost savings for farmers and ahealthier environment for all.

NSERC ResearchersThe co-founders of Elstat areUniversity of Western Ontario electrical engineering professors IonInculet and Peter Castle, and materialsengineering professor James Brown.Dr. Inculet, an expert in electrostaticsand agricultural engineering, hasreceived NSERC Discovery, Col-laborative Research and Develo-pment, Research Tools and Ins-truments, and Strategic ProjectGrants since 1978. Dr. Castle is also anexpert in electrostatics. His researchon electrical charging and depositionof small particles has similarly beensupported since 1978 by NSERCDiscovery, and Research Tools andInstruments Grants. Dr. Brown’sexpertise lies in the dielectric proper-ties of materials, and he has receivedNSERC Discovery, and CollaborativeResearch and Development Grantssince 1979.

Elstat LimitedChief Executive Officer: Dr. Ion Inculet95 Cumberland Street, London, Ontario N5X 1B7Tel.: (519) 660-0287 Fax: (519) 660-6913E-mail: jamesd.brown@sympatico.ca

ANNUAL REVENUE: $100,000NUMBER OF EMPLOYEES IN CANADA: 5YEAR INCORPORATED: 1972STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Chemicals and MaterialsWEB SITE: Not listed

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Products or ServicesE.M. Optimisation offers a scientificmethod of influencing industrialmanufacturing processes. The compa-ny’s E.M. method improves a manu-facturer’s efficiency, improves thequality of products, and reduces man-ufacturing costs and developmenttime by providing models of productsand processes.

The E.M. method centres on aninteractive, user-friendly tool thatenables the development of mathe-matical models of the behaviour ofindustrial processes, using experi-ments based on variables such asspeed, pressure, temperature, chemi-cal composition, and raw materials.

E.M. Optimisation has focused onpharmaceutical technologies, digitalsimulations of mechanical conceptsand manufacturing of electronic com-ponents and aeronautical parts. TheE.M. method has been used by Boeing(Rocketyne Division) for gas tungstenarc welding (GTAW) and the weldingof rocket engine parts.

NSERC ResearchersE.M. Optimisation was founded byDr. Michel Galopin, President, andPierre Lefebvre, Vice-President, tocommercialize the E.M. methoddeveloped by Dr. Galopin at the Écolede technologie supérieure (ÉTS).Dr. Galopin, a professor of mechanicalengineering at ÉTS, has been sup-ported by NSERC CollaborativeResearch and Development Grants.

E.M. Optimisation International Inc.President: Dr. Michel Galopin1000 St-Antoine Street West, Suite 412, Montréal, Quebec H3C 3R7Tel.: (514) 842-3610 Fax: (514) 842-2710E-mail: info@emoptimise.com

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 5YEAR INCORPORATED: 1999STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Computer, Electronic and Electrical Components and PartsWEB SITE: www.emoptimise.com

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Products or ServicesENERKEM Technologies is a technolo-gy developer and vendor that operateson two fronts: a) partial oxidation sys-tems (gasification) and gas clean-up andcatalytic reforming; and b) biomassconversion and development of “green”processes and products.

Applications of ENERKEM’s tech-nologies include the production ofsynthetic gas (commonly calledSynGas) from biomass (forest andagricultural residues), sorted munici-pal waste, used plastics, waste from oiland gas refineries, and other wasteproducts. SynGas can be used to gener-ate steam or electricity or to producehydrogen or liquid fuels (ethanol,methanol and hydrocarbons).

ENERKEM also operates a pilotsteam treatment unit at the Universitéde Sherbrooke. ENERKEM and its par-ent company, Kemestrie, develop proj-ects related to the development of high-performance sugars and new ways ofusing C5 sugars, depolymerization oflignin, hydrogels, and the isolation andpurification of extract with bio-activeproperties. ENERKEM and Kemestriework closely with university and institu-tional laboratories in these areas.

ENERKEM has a pilot and demon-stration plant in Sherbrooke, Quebec,that plays a key role in optimizing the

parameters of the basic engineering car-ried out for projects that use the compa-ny’s technologies. The group’s technolo-gies are covered by a number of patents.

NSERC ResearchersENERKEM Technologies is a sub-sidiary of Kemestrie, which was co-founded by Esteban Chornet, a pro-fessor of chemical engineering at theUniversité de Sherbrooke. Dr. Chornetheads a research laboratory known theworld over for its contributions to the“green chemical engineering” sector inthe field of alternate energy sources,more specifically the conversion ofbiomass to biofuels and co-products.His research group has developed tech-nological approaches that are usedtoday by Kemestrie, a company whichwas created to transfer the group’s dis-coveries to the industrial sector and inwhich the Université de Sherbrookeand the Centre québécois de valorisa-tion de la biomasse et des biotechnolo-gies [Quebec biomass and biotech-nologies development centre] areshareholders. Esteban Chornet hasreceived Strategic Project, Discovery,and Research Tools and InstrumentsGrants from NSERC since 1978. Hewas awarded a Steacie Fellowship in1984 and the Lionel-Boulet Prize(Quebec) in November 2004.

ENERKEM Technologies Inc.Vice-President: Vincent Chornet615 René-Lévesque Boulevard West, Suite 1220, Montréal, Quebec H3B 1P5Tel.: (514) 875-0284 Fax: (514) 875-0835E-mail: enerkem@enerkem.com

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 8YEAR INCORPORATED: 1998STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Chemical Products and Materials WEB SITE: www.enerkem.com

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Products or ServicesEngineering Seismology Group Canada(ESG) offers passive (micro) seismicrecording field and laboratory (ultra-sonic) instrumentation, feasibility andmonitoring/processing services to differ-ent industries involved with resource ex-ploitation/extraction and undergroundstorage worldwide.With over 150 perma-nent installations operating year round,ESG is a world leader in the application ofpassive monitoring technology in diverseextreme geologic environments.

Building on the company’s early suc-cess in monitoring simulations in the late1980s in Canada, followed by ESG’sanalysis of microseismicity associatedwith compaction in the North Sea, andthe widely acknowledged success ofobtaining geometric and fracture growthcharacteristics for simulations in theCotton Valley fields of East Texas (CottonValley Hydraulic Fracture ImagingProject), ESG developed the first com-mercially proven hydraulic fracturemicroseismic imaging service available tothe petroleum industry. ESG has sincesuccessfully assessed over 200 simulationsthroughout North America. ESG’s per-manent real-time microseismic systemsare also deployed in reservoirs around theworld, providing feedback on produc-tion-related activity such as water, steamand waste cuttings injections, and identi-fying reservoir characteristics by integrat-ing passive and 4D seismic programs.

ESG is currently involved in petro-leum-related monitoring projects inEurope, Canada, the Middle East and theU.S.; mining projects throughout theAmericas and Australia; and nuclearwaste repository and LPG (the genericname for commercial propane and com-mercial butane) sites in Canada, Europeand Asia. Based on its experience, ESGhas developed the tools required to assessthe dynamic conditions under anyrecording situation and is able to quicklyprovide monitoring solutions.

NSERC ResearchersESG was founded by Drs. Ted Urbancicand Cezar Trifu, and Mike Neumann tocommercialize developments from thelaboratories of Dr. Paul Young, a profes-sor of geological sciences at Queen’sUniversity from 1985 to 1993, and Dr. Will Bawden, a professor in theDepartment of Mining Engineering.During that time, Dr. Young held anumber of NSERC Discovery, StrategicProject, and Research Tools andInstruments Grants for monitoring seis-micity. He is now the director of theLassonde Mining Institute at theUniversity of Toronto. Dr. Bawdenreceived NSERC Discovery, and Col-laborative Research and DevelopmentGrants to develop mine design strate-gies that integrated seismicity, numeri-cal modelling, and geomechanical data.

Engineering Seismology GroupCanada Inc.Chief Executive Officer: Dr. Ted Urbancic1 Hyperion Court, Kingston, Ontario K7K 7G3Tel.: (613) 548-8287 Fax: (613) 548-8917 E-mail: sales@esg.ca

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 22YEAR INCORPORATED: 1993STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Mining, Oil, Gas and UtilitiesWEB SITE: www.esg.ca

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Products or ServicesEngineering Services Inc. (ESI) is aleading robotics and automation tech-nology company, specializing in thedevelopment, design and manufactureof advanced robotics and automationproducts and custom robotics systems.ESI is recognized as a world leader inthe continued development and manu-facture of new, leading-edge roboticstechnology. The company developsrobotics-based modular automation,mobile robots, customized robotic sys-tems and intelligent mechatronics sys-tems. ESI’s emphasis on modularity andmobility allows it to create highly flexi-ble and adaptable solutions that can beeasily and rapidly re-configured to meetthe needs of various industries.

Each ESI division boasts accom-plished experts and specialists who arewell prepared to take a product fromresearch and conceptual design to fullproduction, ensuring impeccable quali-ty and reliability.

To date, ESI has exported its technol-ogy and products to the United States,Mexico, Sweden, Denmark, Belgium,France, Germany, Switzerland, Israel,Turkey, India, Korea, Singapore,Australia, New Zealand, etc.

NSERC ResearchersDr. Andrew Goldenberg is a professorand the director of the Robotics andAutomation Laboratory and theMechatronics Laboratory at theUniversity of Toronto. He pioneered theapplication of modular and re-config-urable robotics and automation tech-nologies to new industrial niches andfounded ESI. NSERC has supported Dr. Goldenberg’s research program onrobotics with Discovery, Infrastructure,Collaborative Research and Develop-ment, Strategic Project, and ResearchTools and Instruments Grants. In 2004,Dr. Goldenberg received an NSERCIdea to Innovation grant to help himdevelop a lightweight backpackablemobile robot for surveillance, explosivedetection, biochem detection and oper-ation of light weapons.

Engineering Services Inc.President: Dr. Andrew Goldenberg1 Bedford Road, Unit 5, Toronto, Ontario M5R 2J7Tel.: (416) 595-5519 Fax: (416) 595-9994E-mail: info@esit.com

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 17YEAR INCORPORATED: 1982STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Computer, Electronic and Electrical EquipmentWEB SITE: www.esit.com

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Products or ServicesThis Ontario company has developeda commercial process to transformsolid wastes, particularly forestresidues, municipal wood waste andagricultural residues into valuable liq-uid fuels and chemicals. EnsynTechnologies and other entities of theEnsyn Group build and operate RapidThermal Processing (RTPTM) tech-nology, which evolved from workconducted at the University ofWestern Ontario in the early 1980s.The five commercial RTPTM plants inoperation convert wood residues andother biomass to a boiler fuel andfood chemicals. At the beginning ofthis decade, Ensyn expanded thedevelopment of commercial applica-tions of RTPTM technology toinclude the heavy oil upgrading sec-tor. Alliances with companies in thepetroleum sector have led to the con-struction and operation of pilot anddemonstration plants.

NSERC ResearchersEnsyn Technologies evolved fromresearch carried out at Dr. MauriceBergougnou’s PROREACTOR (Pro-cesses and Reactors) Lab at theUniversity of Western Ontario.PROREACTOR’s mission to commer-cialize university research has led tothe creation of three Canadian R&Dcompanies. PROREACTOR pioneeredworldwide commercial exploitation of“green petroleum” (biopetroleum)made from biomass.

Dr. Robert Graham, a graduate stu-dent in PROREACTOR, foundedEnsyn Technologies to commercializea circulating transported bed fastpyrolysis reactor. Dr. Bergougnou,now a Professor Emeritus in theDepartment of Chemical and Bio-chemical Engineering, has consistentlyreceived NSERC funding for his workon the development of high-perform-ance reactors for over 25 years.

Ensyn Technologies Inc.Chief Executive Officer: Robert Graham2 Gurdwara Road, Suite 210, Ottawa, Ontario K2E 1A2Tel.: (613) 248-2257 Fax: (613) 248-2260E-mail: info@ensyn.com

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 30YEAR INCORPORATED: 1984STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Chemicals and MaterialsWEB SITE: www.ensyn.com

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Products or ServicesEnviroMetal’s technology, whichdestroys harmful organic compounds,can be used to solve a wide range ofenvironmental problems, particularlythose involving the release of chlori-nated organic chemicals. The processuses granular iron to destroy organicchemicals quickly, without the needfor expensive excavation and treat-ment of soils at contaminated sites.The technology is particularly suitedfor in situ clean-up of contaminatedgroundwater and has a multi-yearperformance record based on morethan 150 active projects, includingseveral at U.S. Super Fund Sites andsites in the European Union, Australiaand Japan.

In June 2004, EnviroMetal mergedwith Adventus Remediation Tech-nologies, based in Mississauga,Ontario. Adventus is a rapidly grow-ing provider of remediation biotech-nologies for soil sediment andgroundwater.

NSERC ResearchersEnviroMetal Technologies’ founder isRobert Gillham, an earth sciences pro-fessor at the University of Waterloo. Hehas received NSERC Discovery Grantssince the early 1980s. Dr. Gillham’s current work, involving industriallyoriented research, is directed at understanding the migration andclean-up of industrial organic com-pounds in different geological environ-ments. Dr. Gillham was appointed tothe University of Waterloo’s IndustrialResearch Chair in GroundwaterRemediation in May 1997. This Chairis funded by NSERC, DuPont andEnviroMetal Technologies.

EnviroMetal Technologies Inc.President: John Vogan745 Bridge Street W., Suite 7, Waterloo, Ontario N2V 2G6Tel.: (519) 746-2204 Fax: (519) 746-2209E-mail: jvogan@eti.ca

ANNUAL REVENUE: $2,000,000NUMBER OF EMPLOYEES IN CANADA: 6YEAR INCORPORATED: 1992STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Environmental TechnologiesWEB SITE: www.eti.ca

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Products or ServicesUnder the trademark Molicel®, E-OneMoli Energy is the only high volumemanufacturer of rechargeable lith-ium-ion batteries in North Americaand is a recognized industry leader inthe research and development of thistechnology. Current applications forMolicel® batteries include portablecomputers, video cameras, medicaldevices and military applications, toname a few. In addition, the companyintroduced a new high-power man-ganese technology for high-rate appli-cations in 2004. This new technologyallows unique opportunities to entermarkets previously served only bynickel cadmium and nickel-metal-hydride batteries, such as cordlesspower tools, electric bicycles andpotentially electric or hybrid-electricvehicles.

NSERC ResearchersThe development of the original metallithium-type Molicel® began in theearly 1980s in Dr. Rudolph Haering’slab at the University of BritishColumbia. One of Dr. Haering’s students, Dr. Jeff Dahn, now a physicsprofessor at Dalhousie University,continued the research through thelate 1980s that resulted ultimately inthe lithium-ion technology-basedMolicel® now in production. Bothresearchers were funded by

NSERC for their work on lithiumbatteries. Another of Dr. Haering’sstudents, Dr. Ulrich von Sacken, hasled Moli’s research team since 1990and was initially hired as an NSERCIndustrial Research Fellow in 1987 atMoli. E-One Moli Energy (Canada)Limited continues to work closelywith NSERC in funding IndustrialR&D Fellowships to help further thecompany’s advancements in research.

E-One Moli Energy (Canada)LimitedExecutive Vice-President: Ken Broom20000 Stewart Crescent, Maple Ridge, British Columbia V2X 9E7Tel.: (604) 466-6654 Fax: (604) 466-6600E-mail: Not listed

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 430YEAR INCORPORATED: 1990STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Computer, Electronic and Electrical EquipmentWEB SITE: www.molienergy.com

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Products or ServicesFocal Technologies designs and manu-factures fibre optic rotary joints andslip rings that provide communicationand power connections betweenobjects that move and their stationarybase. Designed to withstand the harsh-est environments, Focal devices can befound in winch and sonar systems,tank turrets and submarine robots.Focal’s fluid rotary unions providesubsea controls and life support todivers. Primary customers includemajor underwater operators, seismiccompanies and manufacturers ofremotely operated vehicles. In addi-tion, Focal has customers in the robot-ics, automation, material handling, oiland gas, and defence industries.

Focal’s second product line featuressophisticated oceanographic instru-ments. The Optical Particle Counter(OPC) provides fast and continuousmeasurement of marine organismsover large regions. The OPC is a lowmaintenance device and the best toolavailable for measuring levels of zoo-plankton and fish eggs in seawater.Focal also manufactures video anddata multiplexers that provide digitalfibre optic transmissions of 4 to 12

uncompressed video channels and upto 64 bi-directional data channels on asingle fibre.

Focal’s parent company, KaydonCorporation, is listed on the New YorkStock Exchange under the symbolKDN.

NSERC ResearchersFocal Technologies was set up as ajoint undertaking between NovaScotia’s Seimac and Dr. Barry Paton’sFibre Optics Lab at DalhousieUniversity. Dr. Paton’s research infibre optics received support fromNSERC Discovery, Strategic Project,and Research Tools and InstrumentsGrants. The oceanographic devicesoriginally used by Focal Technologieswere designed partly by NSERC-funded researchers in Dalhousie’sOceanography Department. Thecompany also commercialized tech-nologies developed at the Nova ScotiaResearch Foundation Corp. (nowInNOVAcorp).

Focal Technologies CorporationGeneral Manager: Michael Glister40 Thornhill Drive, Unit 7, Dartmouth, Nova Scotia B3B 1S1Tel.: (902) 468-2263 Fax: (902) 468-2249E-mail: focal@kaydon.com

ANNUAL REVENUE: $15,000,000NUMBER OF EMPLOYEES IN CANADA: 85YEAR INCORPORATED: 1983STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Computer, Electronic and Electrical EquipmentWEB SITE: www.focaltech.ns.ca

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Products or ServicesForbes Medi-Tech adds another valu-able dimension to Canada’s forestryindustry. The biopharmaceuticalcompany is dedicated to the research,development and commercializationof innovative prescription pharma-ceutical and nutraceutical productsderived from by-products of theforestry industry and other naturalsources for the prevention and treat-ment of cardiovascular and relateddiseases.

The company’s scientific platformis based on core “phytosterol” tech-nology. Phytosterols, also known asplant sterols, are lipid-like com-pounds found in the cells and mem-branes of all oil-producing plants,grains and trees.

Forbes has developed a phytosterol-based cholesterol-lowering foodingredient called Reducol™, whichhas been incorporated into variousfoods products and dietary supple-ments presently on the market in theU.S. and other international markets.Forbes has a dedicated phytosterolmanufacturing plant near Houston,Texas, with an annual capacity of1,500 metric tonnes. In addition, thecompany is conducting a Phase IIclinical trial of its cardiovascularpharmaceutical compound, FM-VP4,

a cholesterol absorption inhibitor.The company is continuing to growits business through a commitment totherapeutic innovation, ongoingresearch and development, and licens-ing of new technologies.

NSERC ResearchersDr. James Kutney was a chemistryprofessor at the University of BritishColumbia. His research producedvaluable technology related to theextraction of plant sterols from by-products of the forest industry forcommercial applications. ForbesMedi-Tech was formed to furtherdevelop Dr. Kutney’s plant sterolextraction and fermentation tech-nology. NSERC has supported Dr. Kutney’s research program withStrategic Project, Infrastructure andDiscovery Grants.

Forbes Medi-Tech Inc.President and Chief Executive Officer: Charles A. Butt200-750 West Pender Street, Vancouver, British Columbia V6C 2T8Tel.: (604) 689-5899 Fax: (604) 689-7641E-mail: info@forbesmedi.com

ANNUAL REVENUE: $16,500,000NUMBER OF EMPLOYEES IN CANADA: 28YEAR INCORPORATED: 1992STOCK MARKET LISTING: TSX: FMI Nasdaq: FMTIINDUSTRIAL SECTOR: Pharmaceuticals/BiotechnologyWEB SITE: www.forbesmedi.com

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Products or ServicesFreshXtend’s technologies enableshelf life extension through naturalprocesses with no artificial additives,preservatives, chemicals, genetic alter-ations or irradiation. The company’stwo main products are FreshSpan™, amodified atmosphere corrugatedpackaging system, and modifiedatmosphere packaging for MaptekFresh™.

FreshSpan™ is a packaging systemthat consists of a breathable plasticmembrane in the liner of the walls ofa corrugated paperboard FreshSpan™box, which is designed specifically sothat it can be hermetically sealed afterthe introduction of produce items.During the storage of produce in theFreshSpan™ box, carbon dioxideincreases and oxygen decreases in theheadspace until an equilibrium mod-ified atmosphere is established and ahigh humidity is maintained. Lowlevels of oxygen and high levels ofcarbon dioxide can inhibit theexpression of hydrolytic enzymesassociated with fruit ripening andvegetable decay, thereby preventingthe ripening and softening of the tis-sue over an extended period.

Maptek Fresh™ is used to extend the

life of fresh-cut produce. MaptekFresh™ is a post-harvest biotechnologyconsisting of a series of interrelatedproduct-specific procedures which,when appropriately selected for eachtype of product, stabilize the produceand place it in a state of hibernation.This condition allows the produce toretain its quality, ripe-harvested andfresh characteristics over an extendedperiod. The process essentially placesthe produce in a state of hibernation,thereby extending life.

NSERC ResearchersDr. William Powrie was the head of

the Food Science Department at theUniversity of British Columbia in 1969,when the department was formed, until1989. His research into food chemistryled to a modified atmosphere packag-ing system; the technology was thefoundation of SunBlush TechnologiesCorporation, now known asFreshXtend Technologies. Dr. Powrie,now a Professor Emeritus in theDepartment of Agricultural Sciences atthe University of British Columbia,received NSERC Strategic Project,Discovery, and Research Tools andInstruments Grants.

FreshXtend TechnologiesCorporationChief Executive Officer: B.S.P. Marra334 East Kent Avenue S., Unit 104, Vancouver, British Columbia V5X 4N6Tel.: (604) 322-0759 Fax: (604) 322-0487E-mail: info@freshxtend.com

ANNUAL REVENUE: $463,000NUMBER OF EMPLOYEES IN CANADA: 50YEAR INCORPORATED: 1986STOCK MARKET LISTING: CNDX: FXTINDUSTRIAL SECTOR: Chemicals and MaterialsWEB SITE: www.freshxtend.com

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Products or ServicesGBBC Medica conducts research onnew treatments for septic shock, pain,diabetes and essential hypertension.

NSERC ResearchersGBBC Medica was founded by Pedrod’Orléans-Juste and Ghassan Bkaily.Dr. Bkaily, the president of GBBC, is aprofessor in the Department ofAnatomy and Cellular Biology at theUniversité de Sherbrooke. His researchon calcium and cardiovascular cellshas been supported by NSERCDiscovery Grants.

GBBC Medica Inc.President: Ghassan Bkaily3001 12th Avenue North, Sherbrooke, Quebec J1H 5N4Tel.: (819) 564-5239 Fax: (819) 564-5400E-mail: Ghassan.Bkaily@USherbrooke.ca

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 9YEAR INCORPORATED: 2001STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Pharmaceuticals and Biotechnology WEB SITE: Not listed

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Products or ServicesGeneMax Pharmaceuticals wasformed around the vision of bringingleading-edge immunotherapies tomarket to cure and alleviate sufferingfor people with cancer, infectious dis-eases, auto-immune disorders andother immune-related diseases.

The company’s lead product is atherapeutic cancer vaccine, whichprovides a general method forimproving the recognition and elimi-nation of cancer cells by the person’sown immune system. The vaccineprovides therapeutics to treat a widevariety of solid tumours deficient inthe TAP (Transporters Associatedwith Antigen Processing) protein.These include lung cancer, melanoma,prostate cancer, breast cancer and cer-vical cancer.

The TAP protein is delivered via avaccine to the cancer cells to recreatethe TAP pathway. GeneMax’ thera-peutic cancer vaccine has been provensuccessful in animal trials where micewith lung cancer experienced up to 70per cent survival rates following treat-ment with the vaccine.

NSERC ResearchersDr. Wilfred Jefferies, GeneMax’schairman and chief scientific officer, isa professor of medical genetics,microbiology and immunology, and amember of the Biomedical ResearchCentre and the BiotechnologyLaboratory at the University of BritishColumbia. The early stages ofDr. Jefferies’ work on an immune system-based cancer vaccine werefunded by NSERC. Dr. Jefferies hasreceived NSERC Strategic Project,Research Tools and Instruments, andDiscovery Grants.

GeneMax Pharmaceuticals Inc.President and Chief Executive Officer: Konstantine Sarafis1681 Chestnut Street, Suite 400, Vancouver, British Columbia V6J 4M6Tel.: (604) 331-0400 Fax: (604) 331-0877E-mail: handford@genemax.com

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 8YEAR INCORPORATED: 1999STOCK MARKET LISTING: OTC-BB: GMXXINDUSTRIAL SECTOR: Pharmaceuticals/BiotechnologyWEB SITE: www.genemax.com

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GeoTango International CorporationFounder and President: Dr. Vincent Tao4850 Keele Street, Toronto, Ontario, M3J 3K1Tel.: (416) 665-5467 Fax: (416) 665-2032E-mail: contact@geotango.com

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 8YEAR INCORPORATED: 2002STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Software and Computer ServicesWEB SITE: www.geotango.com

Products or ServicesGeoTango is a leading geospatial soft-ware company. The company is revo-lutionizing the way geospatial infor-mation is extracted, modeled, visual-ized and communicated.

GeoTango owns significant intellec-tual properties and patenting tech-nologies in network-based 3D/2Dmapping and visualization, and inimage-based information extractionand modeling. GeoTango currentlyoffers three primary COTS standaloneand OEM products.

SilverEye™ is the only software inthe world that allows users to create3D models and conduct 3D measure-ments and exploitation using singlesatellite images and aerial photos. Thispatent-pending technology allowsusers of all skill levels to exploit the3D values of the single images readilyavailable or existing in your archive.

Smart Digitizer is an OEM productthat employs GeoTango’s proprietaryalgorithms to automate featureextraction from remotely sensedimagery. This is a revolutionary solu-tion to the labour intensive heads-updigitizing.

GeoServNet (GSN) is a network-centric 3D/2D spatial visualizationand streaming system that allowsusers to perform 3D/2D visualization

and interactive exploration of mul-tiple data sources over a distributednetwork. This groundbreaking systemdelivers a full 3D world with multipleresolution images and maps throughits open and services-based GSNframework.

GeoTango’s customers are solvingcritical geospatial problems in a broadrange of industries. Current clientsinclude defence, intelligence, home-land security, emergency response,telecommunications, municipalities,health, media, utility and energy, andUN treaty monitoring organizations.

NSERC ResearchersGeoTango’s founder, Dr. Vincent Tao,holds the Canada Research Chair inGeomatics. He is also the director ofthe Geospatial Information andCommunication Technology (GeoCT)Lab and associate professor in theDepartment of Earth and SpaceScience and Engineering and theDepartment of Computer Science atYork University.

A world-renowned expert in GISand digital mapping, NSERC has sup-ported Dr. Tao’s research programwith Discovery Grants. He also won a2002 NSERC University-IndustrySynergy Award with Optech Inc.

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Products or ServicesSoftware created by GIRO is used inmore than 24 countries on five conti-nents.

Public transportation companies inlarge urban centres such as Sydney, LosAngeles, Singapore, Montréal andBrussels use HASTUS software to designmass transit schedules (for vehicles andstaff). The software has enabled publictransit companies to substantiallyreduce operating costs and vehiclerequirements (by up to 5 per cent).HASTUS modules are also planned forcustomer information and day-to-dayoperations management.

The software package GIRO/ACCESprovides reservation and tour organiza-tion functions for mobility-impairedtravelers. It is currently used in Mon-tréal, and an earlier version is beingused in Toronto.

GIRO also provides software fordesigning mail pick-up and deliveryroutes. One of its products, GeoRoute, isused by Canada Post Corporation andthe postal services of Belgium, Germany,the United Kingdom, Norway, Portugaland Luxembourg.

Products are the result of researchcarried out at the Université deMontréal, the École des Hautes ÉtudesCommerciales and the Université deQuébec à Montréal.

NSERC ResearchersGIRO Inc. was founded by Jean-YvesBlais and Jean-Marc Rousseau.Dr. Rousseau had until then been a pro-fessor in the Department of Informaticsand Operational Research and directorof the transportation research centre atthe Université de Montréal. His researchfocused on problems related to masstransit. He also collaborated with otherresearchers at the Université de Montréal on systems currently beingmarketed for mail delivery. He was vice-president of research and developmentat GIRO until 2000. Since 2002, he hasbeen president and chief executive offi-cer of the Centre interuniversitaire derecherche en analyse des organisations[interuniversity centre for research inorganizational analysis] (CIRANO) andhas continued to work with GIRO. Jean-Marc Rousseau’s university research wasfunded by NSERC Discovery, StrategicProject and Infrastructure Grants.

The company is also a licensed user ofthe Gencol technology developed byFrançois Soumis of the Department ofMathematics and Industrial Engi-neering at Montréal’s École Poly-technique and Jacques Desrosiers, whoteaches quantitative management meth-ods at the École des Hautes ÉtudesCommerciales. NSERC has supportedtheir research through Discovery,Strategic Project and InfrastructureGrants.

GIRO Inc.President: Paul Hamelin75 Port-Royal Street East, Suite 500, Montréal, Quebec H3L 3T1Tel.: (514) 383-0404 Fax: (514) 383-4971E-mail: info@giro.ca

ANNUAL REVENUE: $27,000,000NUMBER OF EMPLOYEES IN CANADA: 160YEAR INCORPORATED: 1979STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: TransportationWEB SITE: www.giro.ca

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Products or ServicesGuigné International is a world-leading designer and manufacturer oforiginal equipment and componentproducts for the space, defence, aqua-culture and petroleum sectors. Thecompany offers its clients cost-effectivesolutions to acoustical engineeringproblems. It has developed a methodfor acoustic beam shaping to createvery narrow beams of sound, similar toa laser’s use of light. This enablingtechnology provides a definition andprecision unparalleled in conventionalacoustic systems.

Following more than 20 years ofresearch and development of its coretechnology – DRUMS® (DynamicallyResponding Ultrasonic MatrixSystem) – Guigné International iscommercializing a broad range ofproducts and services. Each is specifi-cally engineered to meet the require-ments of the marketplace. Ongoinginnovation and product developmentoffers considerable potential in thebiomedical, food technology and gen-eral marine industries.

NSERC ResearchersGuigné International was established in1989 by Dr. Jacques Yves Guigné andpresently employs over 20 top engineersand physicists, plus electronics andadministrative support staff.

Dr. Guigné is an associate professor inthe Faculty of Engineering and AppliedScience at Memorial University ofNewfoundland. Among his researchinterests are the acoustical investigationof the subseabed, the health of the ben-thic habitat, and assessing structuralintegrity using acoustics. Dr. Guigné hasreceived NSERC Discovery,Collaborative Research andDevelopment, Strategic Project, andResearch Tools and Instruments Grants.

Guigné International Ltd.Chief Executive Officer: Dr. Jacques Yves Guigné685 St. Thomas Line, Paradise, Newfoundland and Labrador A1L 3V2Tel.: (709) 895-3819 Fax: (709) 895-3999E-mail: gil@guigne.com

ANNUAL REVENUE: $5,000,000NUMBER OF EMPLOYEES IN CANADA: 25+YEAR INCORPORATED: 1989STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Engineering and Scientific ServicesWEB SITE: www.guigne.com

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Products or ServicesEdmonton’s Harding InstrumentCompany has a long history as a uni-versity start-up company. It wasfounded in 1969 by four electricalengineering professors from theUniversity of Alberta. The companydesigns and manufactures microelec-tronics for a variety of applications.Its product line includes advancedflow measurement devices for the oilpatch market and the MicroCommDXI and DXL digital voice communi-cation systems for the correctionaland security market.

MicroComm DXI systems havealready been installed in over 120facilities throughout North America.Many of those facilities rank as thelargest and most secure in the UnitedStates. The MicroComm DXL wasintroduced in 2004 and expands theproduct line to include smaller,widely distributed or retrofit applica-tions. With MicroComm productsavailable to fulfill virtually any projectrequirement, opportunities to openup overseas markets are being investi-gated. MicroComm systems benefitHarding’s customers because of theirability to integrate with other com-munications systems, their compre-hensive features package and theirflexible configuration.

Harding Instrument’s research anddevelopment team remains activelyinvolved in developing other sophisti-cated microprocessor-based elec-tronic products to expand its currentmarkets and to present viable techno-logical solutions to new industrial sec-tors. While the company continues topromote its OEM engineering andmanufacturing operations, it has astrong desire to develop more prod-ucts that it can take directly to market.

NSERC ResearchersDr. Patrick Harding is one of thefounders of the Harding InstrumentCompany. He was a professor of elec-trical engineering at the University ofAlberta for 19 years, where he joinedwith several academic friends to formHarding Instruments. Dr. Hardingparticipated in the establishment ofthe Alberta Microelectronics Centre(now Micralyne). His universityresearch was supported by NSERCDiscovery Grants.

Harding Instrument Company Ltd.President and Chief Executive Officer: Patrick J. R. Harding9431 41st Avenue, Edmonton, Alberta T6E 5X7Tel.: (780) 462-7100 Fax: (780) 450-8396E-mail: info@harding.ca

ANNUAL REVENUE: $6,000,000NUMBER OF EMPLOYEES IN CANADA: 50YEAR INCORPORATED: 1969STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Telecommunications WEB SITE: www.harding.ca

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Products or ServicesHERA Hydrogen Storage Systemsdevelops hydride materials, hydro-gen/hydride nano-catalysts andhydride-based products for automo-tive, transportation and hydrogen dis-tribution markets. Hydrides are mate-rials that can absorb and releasehydrogen, and have distinctive heatand pressure characteristics. Theseattributes make hydrides well suitedfor several applications, includingsolid-state hydrogen storage, hydro-gen compression, heating and cool-ing, and nickel-hydrogen batteries.These applications are the focus ofHERA’s development and commer-cialization program.

Along with HERA’s own importantpatent portfolio, HERA is the exclu-sive licensee of several significantinventions in the field of hydridematerials from Hydro-Québec’sResearch Institute and McGill University.

HERA is a venture-owned companybased in Longueuil, Quebec (nearMontréal), with a wholly owned sub-sidiary, HERA USA Inc. in Ringwood,New Jersey, close to New York City.

HERA’s shareholders include BOC,Hydro-Québec CapiTech and ShellHydrogen Projects.

NSERC ResearchersDr. John Ström-Olsen is a professoremeritus of physics at McGillUniversity. He started work on hydro-gen storage in 1983 with the help of NSERC Strategic Project Grants.His research in collaboration with Dr. Zaluska and Dr. Zaluski has led toseveral inventions. In conjunctionwith HERA’s other intellectual prop-erty, and in particular HERA’s break-though nano-catalyst invented by Dr. Zaluska and Dr. Zaluski, theresearch places HERA in a uniqueposition to provide solid-state, hydro-gen storage systems for mobile powerapplications, including hydrogen-powered automobiles and portablepower applications. Dr. Ström-Olsen’s, Dr. Zaluska’s and Dr. Zaluski’sresearch in advanced materials hasbeen supported by the NSERCDiscovery, Strategic Project, ResearchTools and Instruments, and Col-laborative Research and DevelopmentGrants for the last 25 years.

HERA Hydrogen Storage Systems Inc.President and Chief Executive Officer: Clemens van Zeyl577 Le Breton Street, Longueuil, Quebec J4G 1R9Tel.: (450) 651-1200, ext. 208 Fax: (450) 651-1209E-mail: mh@herahydrogen.com

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 15YEAR INCORPORATED: 2001STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Environmental TechnologiesWEB SITE: www.herahydrogen.com

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Products or ServicesHycal Energy Research Laboratories isone of the first Canadian petroleumresearch firms. The company hasdeveloped equipment to performresearch that previously had to bedone offshore. Working in the area ofreservoir engineering, productionengineering and enhanced oil recov-ery, Hycal provides the oil industrywith applied research and consultingservices.

For over 25 years Hycal has devel-oped expertise in the areas of specialcore analysis, formation damage andphase behaviour studies. The compa-ny’s specialized expertise has allowedit to work worldwide designing miscible floods, steam floods, gasrecycling projects, mitigation of for-mation damage problems, waterfloods, fracture and completionstrategies, and many other enhancedrecovery and reservoir optimizationschemes.

Hycal has developed steam floodsin California, South America andTurkey, gas recycling projects inPrudhoe Bay, and has done extensiveenhanced oil recovery work in the

U.S., South America, the SouthPacific, Asia, Africa and the AlbertaBasin. The company has also helpedmitigate formation damage problemsrelated to horizontal drilling, waterflooding and fracture and completionstrategies in Argentina, Australia, theNorth Sea, the U.S., North Africa andCanada.

NSERC ResearchersHycal Energy Research Laboratorieswas initially formed by Drs. DouglasW. Bennion and Gordon Moore toperform research for Petro Canada.Dr. Bennion taught for 21 years in the Department of Chemical and Petroleum Engineering at theUniversity of Calgary. NSERC hassupported Dr. Bennion’s basicresearch through Discovery, StrategicProject, and Research Tools andInstruments Grants.

Hycal Energy ResearchLaboratories Ltd.Ownership Group: Weatherford Canada Partnership1338A 36th Avenue NE, Calgary, Alberta T2E 6T6Tel.: (403) 250-5800 Fax: (403) 291-0481E-mail: general@hycal.com

ANNUAL REVENUE: $7,000,000NUMBER OF EMPLOYEES IN CANADA: 60YEAR INCORPORATED: 1976STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Mining, Oil, Gas and UtilitiesWEB SITE: www.hycal.com

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Products or ServicesHydromantis is a unique employee-owned Canadian environmental engi-neering consulting company. It special-izes in the application of environmentalplanning, innovative plant optimizationprograms, application of process anddesign engineering skills, and solutionsto wastewater treatment, collection sys-tems and water resources management.

Hydromantis specializes in theapplication of proven methods for theoptimization and design of wastewatertreatment systems. The company pro-vides clients with services that addresstheir needs in areas of environmentalplanning, treatability assessments,process, conceptual, pre-design anddetailed design engineering, opera-tions and operator training, softwaredesign and support, and instrumenta-tion and control.

Hydromantis staff is experienced inall aspects of wastewater treatment,including desktop analyses, piloting,field-testing at full scale, and pre-designengineering of water and wastewatertreatment facilities. The company hasexpanded its capabilities to include mul-tidiscipline detailed design and servicesduring construction. Hydromantis hasthe experience and ability to carry outprojects from the initial conceptual stage

all the way through to commissioning,operation and training of facility staff.

The company offers a unique blend ofconsulting engineering services andinnovative software products designedto optimize water and wastewater treat-ment plant design, operation and oper-ator training. GPS-X (General PurposeSimulator) is Hydromantis’ key softwareproduct together with CapdetWorksand ParaMetra. GPS-X is recognized asthe most comprehensive and powerfultreatment plant simulator in the world.It incorporates many models and utili-ties from around the world for use byplant owners, operators, consultants andresearchers.

NSERC ResearchersHydromantis was established in 1985 byDr. Gilles Patry, then a civil engineeringprofessor at McMaster University.Dr. Patry is now professor of civil engi-neering and president and vice-chancel-lor of the University of Ottawa. Hisresearch projects are funded by NSERCDiscovery Grants.

In addition, Dr. Spencer Snowling, anR&D manager at Hydromantis, receivedan NSERC Industrial Research Fellow-ship to research new modelling uncer-tainty methods for industrial waste-water models.

Hydromantis Inc.President: Joe Stephenson1685 Main Street W., Suite 302, Hamilton, Ontario L8S 1C5Tel.: (905) 522-0012 Fax: (905) 522-0031E-mail: info@hydromantis.com

ANNUAL REVENUE: $3,800,000NUMBER OF EMPLOYEES IN CANADA: 33YEAR INCORPORATED: 1985STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Environmental TechnologiesWEB SITE: www.hydromantis.com

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Products or ServicesiAnywhere was founded as WATCOMInternational Corporation, a start-upcompany from the University ofWaterloo. In 1994, WATCOM mergedwith Powersoft Corporation, whichsubsequently combined in 1995 withCalifornia-based Sybase, Inc., one ofthe largest global independent soft-ware companies. In 2000, iAnywhereSolutions became a subsidiary ofSybase.

iAnywhere enables success at thefrontlines of business, and holdsworldwide market leadership posi-tions in mobile and embedded data-bases, mobile management and secu-rity, and mobile middleware.iAnywhere’s unique “Always Available”computing model provides on-lineand off-line access to the informationand applications users need, whenand where they need it most. Millionsof subscribers, 15,000 customers and1,000 partners rely on the company’saward-winning technologies, includ-ing SQL Anywhere®, Afaria®, and theAvantGo® mobile Internet service.

NSERC ResearchersMembers of the University ofWaterloo’s Computer Systems Group,headed by Dr. Wes Graham, estab-lished WATCOM, the predecessor ofSybase, which founded iAnywhereSolutions. The group’s expertiseenabled the WATCOM team to produce innovative software for theeducation market. Many members ofthe Computer Systems Group, includ-ing Dr. Graham and Dr. DonaldCowan, now a Professor Emeritus inthe Department of Computer Science,received NSERC support throughDiscovery Grants.

Terry Stepien, iAnywhere’s presi-dent, was also a member of Waterloo’sComputer Systems Group, where heheld an adjunct faculty appointmentin the Department of ComputerScience.

iAnywhere Solutions Inc.President: Terry Stepien445 Wes Graham Way, Waterloo, Ontario N2L 6R2 Tel.: (519) 886-3700 Fax: (519) 747-4971E-mail: contact.us@ianywhere.com

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 195YEAR INCORPORATED: 2000STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Software and Computer ServicesWEB SITE: www.ianywhere.com

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Products or ServicesIGNIS Innovation is a privately heldtechnology company focused on tech-nology solutions for flat panel displays,used in televisions, PDAs and cellphones. The company has developedunique pixel circuits for display tech-nology that are highly stable and havelong lifetimes.

The IGNIS patent-pending pixel cir-cuit addresses the specific performancedemands of active matrix organic lightemitting diodes (AMOLED) displaytechnology, representing a break-through that could potentially acceler-ate AMOLED commercial productentry within all markets from cellphone to PDA to large area television.

The IGNIS design is a self-compen-sating, current or voltage programmed,top or bottom emitting design with aproven lifetime of over 6,000 real timehours of continuous operation.Extrapolation through accelerationdemonstrates over 20,000 hours of pixellifetime and beyond – a key milestonefor more demanding flat panel televi-sion and monitor applications. Pixeloperation has been shown over a widerange of temperatures from room to 75

degrees Celsius, a first for amorphoussilicon based pixel circuits. All pixel test-ing has been performed under actualvideo rated driving conditions.

NSERC ResearchersThe IGNIS silicon thin-film transistorcircuits were initially developed by Dr. Arokia Nathan, the company’sfounder and chief technology officer,and a professor of electrical and com-puter engineering at the University of Waterloo. Dr. Nathan holds theCanada Research Chair in NanoscaleElastic Circuits, and prior to that the DALSA/NSERC Industrial ResearchChair in sensor technology for biomed-ical X-ray imaging. Dr. Nathan hasreceived NSERC Discovery, Collabo-rative Research and Development,Research Tools and Instruments andStrategic Project Grants. In 2001, he wasawarded an NSERC Steacie Fellowshipfor his cutting-edge research on elec-tronics, including sensors and displays,on flexible plastic. His present researchinterests lie in large area optical and X-ray imaging, and displays usingnano-crystalline silicon and organictechnologies.

IGNIS Innovation Inc.Chairman: Paul Arsenault55 Culpepper Drive, Waterloo, Ontario N2L 5K8Tel.: (514) 396-0212, ext. 202 Fax: (514) 396-3511E-mail: jwzorek@versentech.com

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 15YEAR INCORPORATED: 1999STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Computer, Electronic and Electrical EquipmentWEB SITE: www.ignis.ca

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Products or ServicesiGO Technologies specializes in com-puter-assisted surgery. iGO’s productsare designed for use by surgeons asdiagnostic tools for pre-operativeplanning, intra-operative navigationand imaging, and post-operativeassessment.

iGO’s Virtual Surgery System is animaging and guidance system thatallows surgeons to work with comput-erized 3D models of a patient’s anato-my in order to assess, plan and per-form surgical procedures. The systemcan be used in a wide variety of ortho-pedic surgical procedures, such asjoint replacements, bone re-align-ments, and the removal of tumours.iGO’s 3D imaging system providessurgeons with a more realistic pictureof the patient’s anatomy, guidingthem in real time with continuousvisual and numeric feedback.Operations on fragile joints damagedby arthritis or fracture become lessinvasive, significantly reducing apatient’s exposure to radiation. iGO’ssurgical team has performed over 100computer-assisted surgeries at theKingston General Hospital.

NSERC ResearchersDr. Randy Ellis is one of the foundersof iGO Technologies and its vice-president of research. A professor inthe School of Computing at Queen’sUniversity, he is also cross-appointedto the Department of MechanicalEngineering and the Department ofSurgery. Dr. Ellis is recognized inter-nationally as a leading researcher incomputer-assisted surgery and headsthe research program OperatingRoom 2010, North America’s firstmulti-purpose computer-integratedoperating room. Dr. Ellis’ research incomputer-enhanced surgery has beensupported by NSERC StrategicProject, Research Tools and Instru-ments, and Discovery Grants.

iGO Technologies Inc.President and Chief Executive Officer: Mark Young3287 Four Seasons Drive, Inverary, Ontario K0H 1X0Tel.: (613) 483-1286 Fax: (613) 353-1906E-mail: info@igotechnologies.com

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: ConfidentialYEAR INCORPORATED: 1998STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Software and Computer ServicesWEB SITE: www.igotechnologies.com

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Products or ServicesMagnetic technology is at the heart ofmuch electrical and electronic equip-ment. While the technology has beenincredibly successful, it has also cre-ated some unique design problems.Often, the only way to test whether adevice such as a VCR or computerhard drive is viable is to build a proto-type, a time-consuming and expen-sive process. Montreal’s Infolytica hasa time- and money-saving solution. Ithas developed a software package thatanalyzes potential designs withouthaving to construct a prototype. Thesoftware is based on research whichoriginated at McGill University and iscurrently the most advanced designpackage of its kind in the world.

In addition to magnetics analysis,Infolytica offers coupled analysis tothermal problems as well as links topower electronics simulations and anoptimization capability. The companyalso offers consulting services and cus-tom software design in the computer,communications, manufacturing,aerospace and automotive industries.

NSERC ResearchersInfolytica was founded by Dr. DavidA. Lowther, an electrical engineeringprofessor at McGill University, the lateDr. Peter Silvester, also of McGill, andDr. Ernest Freeman from ImperialCollege, London, U.K. Dr. Lowther,Infolytica’s president, has researchinterests in electromagnetic fieldanalysis, computer software, comput-er-aided design and the automateddesign of electromagnetic devices.Dr. Jonathan Webb, vice-president of Infolytica, is also an electrical engineering professor at McGill, andhis area of research includes numeri-cal analysis systems and electromag-netic analysis of high-frequency systems. Drs. Lowther and Webb’sresearch continues to attract NSERCDiscovery, and Research Tools andInstruments Grants.

Infolytica CorporationPresident: Dr. David A. Lowther300 Leo Pariseau Street, Suite 2222, Place du Parc, Montréal, Quebec H2X 4B3Tel.: (514) 849-8752 Fax: (514) 849-4239E-mail: info@infolytica.com

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 24YEAR INCORPORATED: 1978STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Software and Computer ServicesWEB SITE: www.infolytica.qc.ca

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Products or ServicesTransportation planning studies aremore productive and efficient inmany of the countries around theworld, thanks to INRO Consultants.The company produces the EMME/2software that is used to model urban,regional and national transportationof people. INRO’s clients includemore than 700 organizations in 65countries that use the company’s soft-ware to model the results of changesto transport infrastructure and landuse, such as the construction of newroads, the introduction of new transitservices and the development of newresidential areas. Based on researchundertaken at the Université deMontréal’s Centre for Research onTransportation, the software isdesigned to be applicable in numer-ous fields. Its powerful macro lan-guage allows the implementation ofcomplex transport models. RecentlyINRO has released a new software,Dynameq, that models the temporalevolution of road traffic.

NSERC ResearchersINRO Consultants was founded by Dr. Michael Florian, a ProfessorEmeritus at the Université deMontréal’s Department of ComputerScience and Operational Research anda member of the Centre for Researchon Transportation at the same univer-sity. Dr. Florian’s work is supportedby NSERC Discovery, StrategicProject, and Research Tools andInstruments Grants. INROConsultants benefited from an NSERCIndustrial Research Fellowship.

INRO Consultants Inc.Chief Executive Officer: Dr. Michael Florian5160 Décarie Boulevard, Suite 610, Montréal, Quebec H3X 2H9Tel.: (514) 369-2023 Fax: (514) 369-2026E-mail: sales@inro.ca

ANNUAL REVENUE: $3,700,000NUMBER OF EMPLOYEES IN CANADA: 27YEAR INCORPORATED: 1976STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Software and Computer ServicesWEB SITE: www.inro.ca

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Products or ServicesInteractive Visualization Systems (IVS3D) provides interactive 3D visualiza-tion and analysis software for marineinformation. The company’s flagshipsoftware, Fledermaus, is an industry-leading software for 3D visualizationof marine information and associatedattributes, specializing in extremelylarge data sets. The Fledermaus soft-ware suite enables commercial, aca-demic and military clients mappingthe oceans to interact with massivegeographical datasets of numerousdata types. The software has been usedextensively across the ocean industryin geological surveys, hydrographicsurveys, mine clearance and beachlanding surveys; and a variety of geo-hazard surveys in support of offshoreengineering projects worldwide.

NSERC ResearchersInteractive Visualization Systems’ pri-mary product is the Fledermaus soft-ware suite that originated fromresearch by Drs. Larry Mayer andColin Ware at the Ocean MappingGroup (OMG) at the University ofNew Brunswick. Dr. Mayer is now theDirector of the the Center for Coastaland Ocean Mapping (CCOM) at the University of New Hampshire.A world leader in ocean mapping,Dr. Mayer has received NSERCDiscovery, Infrastructure, and ResearchTools and Instruments Grants.Dr. Ware is the Director of the DataVisualization Research Laboratory atCCOM. His research program has beensupported by NSERC Discovery,Strategic Project, and Research Toolsand Instruments Grants.

Interactive Visualization Systems(IVS 3D)Chief Executive Officer: Mark Paton2 Garland Court, PO Box 69000, Fredericton, New Brunswick E3B 6C2Tel.: (506) 454-4487 Fax: (506) 453-4510E-mail: info@ivs3d.com

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 8YEAR INCORPORATED: 1995STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Software and Computer ServicesWEB SITE: www.ivs3d.com

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Products or ServicesInterface Biologics is a therapeuticbiomaterials company focused onproducing the next generation ofsmart, implantable, bioresorbablemedical devices for use in cardiovas-cular, urogenital and musculoskeletaldisease areas. The company’s compre-hensive understanding of materialstructure and host response allows itsmaterials to respond to inflammation,deliver a therapeutic payload, and becompletely resorbed by the body.

The company’s goal is to continu-ously design innovative biomaterialsthat will bring about the delivery ofsuccessful health care products toworld markets. This is being achievedthrough the application of novel poly-mer technologies that will increaseblood and tissue compatibility, estab-lish the timely release of drugs in vivo,and stimulate tissue regeneration for abroad-spectrum of biomaterials anddevices including catheters, wounddressings and vascular stents.

NSERC ResearchersInterface Biologics was founded byDr. Paul Santerre, Jeanette Ho and Dr. Mark Mittelman with Materialsand Manufacturing Ontario, and the University of Toronto and itsInnovations Foundation. Dr. Santerreis a professor and associate dean ofresearch in the Faculty of Dentistryand professor in the Institute forBiomaterials and BiomedicalEngineering at the University ofToronto, with a cross-appointment tothe Department of ChemicalEngineering and Applied Chemistry.NSERC funds his research on bioma-terials with Discovery, CollaborativeResearch and Development, andCollaborative Health ResearchProjects Grants.

Interface Biologics Inc.President and Chief Scientific Officer: Dr. Paul Santerre200 Front Street W., Suite 3004, PO Box 31, Toronto, Ontario M5V 3K2Tel.: (416) 597-1428, ext. 225 Fax: (416) 598-3328E-mail: info@interfacebiologics.com

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 6YEAR INCORPORATED: 2001STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Medical Devices and InstrumentationWEB SITE: www.interfacebiologics.com

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International Road Dynamics Inc.President and Chief Executive Officer: Terry Bergan702 43rd Street E., Saskatoon, Saskatchewan S7K 3T9Tel.: (306) 653-6600 Fax: (306) 242-5599E-mail: info@irdinc.com

ANNUAL REVENUE: $28,288,000NUMBER OF EMPLOYEES IN CANADA: 150YEAR INCORPORATED: 1980STOCK MARKET LISTING: TSX: IRDINDUSTRIAL SECTOR: TransportationWEB SITE: www.irdinc.com

Products or ServicesInternational Road Dynamics (IRD) isa highway systems technology com-pany producing a variety of integratedsolutions to better manage the opera-tions and improve the safety of highwayfacilities. These intelligent transporta-tion systems are used worldwide byhighway operators and highway users.

IRD designs and manufacturestransportation systems and equip-ment including toll road equipment,weigh-in-motion machines, trafficsafety and advisory systems, driver andfleet management systems, and auto-mated truck weigh stations. The com-pany also has the ability to deliver andinstall its transportation systems for itscustomers.

IRD’s main facility is in Saskatoon,with branch offices located in Ontario,the United States and India.

NSERC ResearchersDr. Arthur Bergan is the founder andchairman of the board of IRD. Heformed IRD initially to developresearch-related technology (weigh-in-motion scales capable of weighingtrucks travelling at up to 100 kilome-tres per hour), a technology whichwas funded in part by NRC/NSERC.Dr. Bergan, an internationally recog-nized authority on transportationengineering, is a Professor Emeritus atthe University of Saskatchewan. Hewas inducted into the SaskatchewanTransportation Hall of Fame in 2001and received an Award ofAchievement from the NationalTransportation Industry.

Products or ServicesITRES Research manufactures, sup-ports and operates a family of air-borne optical systems for environ-ment and resource monitoring,including the CASI (CompactAirborne Spectographic Imager), acommercial, all-digital, program-mable imaging spectrograph. Theseinstruments provide informationproducts for water quality, forestry,agriculture and detection of militaryland mines. Some examples of agri-cultural and forest inventory productsinclude infestations, species, stemcounts, crown closure estimates, patchmapping and stream management.ITRES instruments are available forsale or lease.

NSERC ResearchersDr. Clifford Anger, a ProfessorEmeritus of physics and astronomy atthe University of Calgary, foundedITRES Research and serves as thecompany’s president and chiefexecutive officer. The company is anearthbound spin-off of Dr. Anger’sspace-based research. He has designedscientific instruments for the ISIS 2satellite and the Swedish Viking space-craft. He was also a member of NASA’sGalileo mission to Jupiter imagingteam. The CASI is a system based ontechnology developed by ITRES personnel for Canadian and U.S.space projects. Dr. Anger’s researchhas been supported by NSERCthrough Discovery, Research Toolsand Instruments, and CollaborativeResearch and Development Grants, aswell as Industrial Research Fellowships.

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ITRES Research Ltd.President and Chief Executive Officer: Dr. Clifford D. Anger3553 31st Street NW, Suite 110, Calgary, Alberta T2L 2K7Tel.: (403) 250-9944 Fax: (403) 250-9916E-mail: info@itres.com

ANNUAL REVENUE: $3,500,000NUMBER OF EMPLOYEES IN CANADA: 26YEAR INCORPORATED: 1979STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Engineering and Scientific ServicesWEB SITE: www.itres.com

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Products or ServicesJGKB Photonics designs and manu-factures electro-optic componentsthat enable next-generation fibre-optic telecommunication systems.The company’s proprietary technol-ogy solves key problems involved inthe transmission of large amounts ofdigital information over long dis-tances via optical fibres. JGKB’s mod-ulators are aimed at next-generationsystems, which can operate at 40 bil-lion bits per second and beyond.

Built in compound semiconduc-tors, JGKB’s ultra-high-speed externalmodulators offer low drive voltage,wide bandwidth, and low chirp oper-ation, a winning combination forlong-distance fibre-optic communi-cation systems. In addition, JGKB’smodulators are broadband devices: asingle modulator covers an entirefibre-optic communication band, i.e.,the entire C or L band. JGKB’s modu-lators combine, and improve upon,the desirable features of electro-absorption modulators and lithiumniobate-based Mach-Zehnder modu-lators, providing system designerswith external electro-optic modula-tors that exhibit unprecedented performance.

NSERC ResearchersThe company name JGKB Photonicsuses the last initials of the fourfounders – Dr. Nicolas Jaeger, AlanGuest, Hiroshi Kato and Dr. JeffreyBull. Dr. Bull serves as research scien-tist at JGKB and has been supportedby NSERC postgraduate scholarships.

Dr. Jaeger is a professor of electricaland computer engineering at theUniversity of British Columbia, wherehe invented the core technology used inJGKB’s optical modulators. Dr. Jaeger’sresearch has been supported by NSERCDiscovery, Collaborative Research andDevelopment, Industrially OrientedResearch, and Research Tools andInstruments Grants.

This is the second company gener-ated from one of Dr. Jaeger’s tech-nologies. In July 1997, CarmanahEngineering Ltd., now NxtPhaseCorporation, was the first company tospin off from work done in his lab.NxtPhase is a thriving local companyin the field of optical instruments formeasuring voltage and current inpower utility applications.

JGKB Photonics Inc.Chief Executive Officer: Pauline Laberge4664 Lougheed Highway, Suite 221, Burnaby, British Columbia V5C 5T5Tel.: (604) 221-5452 Fax: (604) 221-5453E-mail: info@jgkb.com

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 15YEAR INCORPORATED: 2000STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Telecommunications WEB SITE: www.jgkb.com

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Products or ServicesThe best way to get companies to “gogreen” is to help them make goinggreen profitable. That is exactly whatKemestrie Inc. does. Based on researchcarried out at the Université deSherbrooke, the company developsand markets biorefinery technologiesused to transform organic waste mate-rials (including forest, urban, indus-trial and agricultural residues) intofine chemicals and other valuableproducts. Pilot plants and two com-mercial plants already use technolo-gies developed by Kemestrie, the oper-ational arm of which is its satellitecompany, Enerkem Technologies Inc.

NSERC ResearchersKemestrie was co-founded by EstebanChornet, a professor of chemical engineering at the Université deSherbrooke. Dr. Chornet heads aresearch laboratory known the worldover for its contributions to the “greenchemical engineering” sector in thefield of alternate energy sources, morespecifically the conversion of biomassto biofuels and co-products. Hisresearch group has developed techno-logical approaches that are used todayby Kemestrie, a company which wascreated to transfer the group’s discov-eries to the industrial sector and inwhich the Université de Sherbrookeand the Centre québécois de valorisa-tion de la biomasse et des biotechnolo-gies [Quebec biomass and biotech-nologies development centre] areshareholders. Esteban Chornet hasreceived Strategic Project, Discovery,and Research Tools and InstrumentsGrants from NSERC since 1978. Hewas awarded a Steacie Fellowship in1984 and the Lionel-Boulet Prize(Quebec) in November 2004.

Kemestrie Inc.President: Dr. Esteban Chornet375 De Courcelette Street, Suite 900, Sherbrooke, Quebec J1H 3X4Tel.: (819) 569-4888 Fax: (819) 569-8411E-mail: kemestrie@kemestrie.com

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 12YEAR INCORPORATED: 1992STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Chemical Products and MaterialsWEB SITE: www.kemestrie.com

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Products or ServicesLTRIM Technologies specializes in theproduction of intellectual propertyaimed at the analog and mixed high-performance microelectronics market.The company was created to market andpatent unique laser tuning technology.LTRIM also designs integrated circuits for analog and mixed-signalapplications using the CMOS (Com-plementary Metal Oxide Semicon-ductor) manufacturing process.

LTRIM’s laser calibration technologyconsists of integrating resistance insidethe bottom layers of silicon into circuitdesign during the manufacturingprocess. The circuits are then calibratedby focusing a laser beam on a microm-eter surface. This approach has uniqueadvantages for designers of high-performance analog circuits, such asaccurate tuning, smaller size, lowerenergy consumption and higher oper-ating speeds. It also allows precision circuits to be produced at a lower costthan with the standard calibration technologies used in the industry.

To complement its laser fine tuningtechnology, LTRIM has surroundeditself with a team of top-flight analogand mixed circuit designers who workcontinually to expand the range of high-performance CMOS circuits that can bemarketed in an SoC (System-on-a-Chip) context and as separate products.LTRIM also provides custom designservices industry-wide.

Always abreast of market needs,LTRIM has geared the development ofits products to energy conservation andmanagement applications related totelecommunications and the consumermarket in order to address the phenom-enon of convergence.

NSERC ResearchersLTRIM Technologies emerged from aresearch project carried out atMontréal’s École Polytechnique by Yves Gagnon, head of technology atLTRIM, Yvon Savaria and MichelMeunier. NSERC grants helped theresearchers complete their project,particularly the early work done in ÉcolePolytechnique laboratories. Dr. Savaria,a professor of electrical engineering atthe École Polytechnique, holds theCanada Research Chair in AdvancedMicroelectronic Systems Architectureand Development and is also vice-chairof the board of directors of theCanadian Microelectronics Corpora-tion. NSERC has supported his work onmicroelectronic circuits throughDiscovery and Strategic Project Grants.Dr. Meunier holds the Canada ResearchChair in Materials Micro/Nano-engineering using Lasers in École Polytechnique’s Physical EngineeringDepartment. His research in microelec-tronics has been supported by NSERCDiscovery and Strategic Project Grants.

LTRIM Technologies Inc.President and Chief Executive Officer: Guy Lemieux440 Armand-Frappier Boulevard, Suite 140, Laval, Quebec H7V 4B4Tel.: (450) 681-3171 Fax: (450) 681-0370E-mail: info@ltrim.com

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 35 YEAR INCORPORATED: 1998STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Computer, Electronic and Electrical Components and PartsWEB SITE: www.ltrim.com

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Products or ServicesMacDonald Dettwiler and Associates(MDA) provides advanced earth andspace-based information solutionsthat capture and process vast amountsof data, produce essential informationand improve operational performanceof business and government organiza-tions worldwide. MDA’s informationsolutions range from complex opera-tional systems, to tailored informationservices, to electronic informationproducts.

The company offers on-line prop-erty information solutions, such asautomated valuation models, auto-mated underwriting solutions andelectronic filing of legal documents. Inaddition, MDA profiles solutions forSynthetic Aperture Radar (SAR) andsmall satellite missions, optical andSAR satellite ground segments;defence intelligence solutions such asflight path safety systems and navalcombat operator trainers; and,Robotic and Light Detection AndRanging (LiDAR) solutions for landand space exploration and on-orbitservicing.

NSERC ResearchersMDA was co-founded by VernDettwiler and John MacDonald.Dr. Dettwiler is an expert in computersystems engineering and digital com-munications. He was the head of theNew Projects Unit at the University ofBritish Columbia’s Computing Centrefrom 1966 to 1971. Dr. MacDonald, anexpert in remote sensing and imageprocessing, was an electrical engineer-ing professor at the University ofBritish Columbia and one ofthe founding members of the B.C.Science Council. Dr. Dettwilerreceived NSERC/NRC grants.

MDA has employed several NSERC-funded personnel and co-funds theMDA/NSERC Industrial ResearchChair in Radar Remote Sensing andSignal Processing at the University ofBritish Columbia.

MacDonald, Dettwiler andAssociates Ltd. (MDA)President and Chief Executive Officer: Daniel E. Friedmann13800 Commerce Parkway, Richmond, British Columbia V6V 2J3Tel.: (604) 278-3411 Fax: (604) 273-9830E-mail: info@mda.ca

ANNUAL REVENUE: $627,309,000 NUMBER OF EMPLOYEES IN CANADA: 1,400+YEAR INCORPORATED: 1969STOCK MARKET LISTING: TSX: MDAINDUSTRIAL SECTOR: Software and Computer ServicesWEB SITE: www.mda.ca

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Magistral Biotech Inc.President and Chief Executive Officer: André Aubé1060 Michèle-Bohec Boulevard, Suite 102, Blainville, Quebec J7C 5E2Tel.: (514) 979-7878 Fax: (514) 979-7888E-mail: info@magistralbiotech.com

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 9YEAR INCORPORATED: 1998STOCK MARKET LISTING: TSX-V: MBSINDUSTRIAL SECTOR: Pharmaceuticals and BiotechnologyWEB SITE: www.magistralbiotech.com

Products or ServicesMagistral Biotech’s mission is to sup-ply the nutraceutical, food and phar-maceutical industries with chitosan-based active ingredients. The trade-marked product HEP-30™ used in thefood industry helps lower blood cho-lesterol levels.

Magistral Biotech specializes in thedevelopment, manufacture and mar-keting of safe natural products thatare scientifically proven to have thera-peutic effects. One of MagistralBiotech’s products, Libracol, is themost potent non-presciption anti-cholestorol treatment available today.It has no side effects and can be com-bined with other cholesterol treat-ments. Sabasol, a natural liquid, con-tributes to prostate function, andPalmcia is a two-step solution to hairloss. Magistral’s latest product,Provitor, is an effective solution forpeople experiencing a lack of energy.

NSERC ResearchersMagistral Biotech was founded as a result of close collaboration betweenRyszard Brzezinski, Gilles Dupuisand Jean-Guy LeHoux of the Uni-versité de Sherbrooke. Dr. Brzezinski,a professor in the university’sDepartment of Biology, has receivedDiscovery, Strategic Project, GenomeProject, and Research Tools andInstruments Grants from NSERC forhis work in biomolecular engineering.Gilles Dupuis is a professor in theDepartment of Biochemistry anddirector of the Université deSherbrooke’s Centre d’étude et de valorisation de la diversité microbi-enne [microbial diversity research anddevelopment centre], where he hasreceived an NSERC Discovery Grant.A Strategic Project Grant enabled theresearchers to conduct studies thatidentified the link between the physi-cal properties of chitosan and its cho-lesterol-reducing effect. This patentedbiotechnology, the product ofNSERC-funded work, is covered by alicence agreement between the Uni-versité de Sherbrooke and MagistralBiotech, and is a key element ofMagistral Biotech’s operations.

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MaplesoftPresident: C. James Cooper615 Kumpf Drive, Waterloo, Ontario N2V 1K8Tel.: (519) 747-2373 Fax: (519) 747-5284E-mail: info@maplesoft.com

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: ConfidentialYEAR INCORPORATED: 1988STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Software and Computer ServicesWEB SITE: www.maplesoft.com

Products or ServicesMaplesoft, formerly known as WaterlooMaple, is a leading developer ofadvanced mathematical and analyticalsoftware. Its innovative suite of prod-ucts harnesses the power of mathemat-ics, providing industry and academiawith the most advanced mathematicaltools, complete with fully integratednumerics and symbolics. If you touchmath…you need Maple.

The Maplesoft core product suiteincludes Maple, the advanced, mathe-matical problem solving and program-ming environment of choice for mathe-matical problem-solving, exploration,data visualization and technical author-ing; MapleNet, a full environment foron-line e-learning providing live inter-active Web-based educational contentand enterprise-wide collaborationthrough sharing of results data, andtrue analytical knowledge over theInternet; and Maple T.A., a Web-basedsystem for creating tests, assignmentsand exercises, automatically assessingstudent responses and performance.

Maplesoft’s core suite is broadenedby its Toolbox series, domain-specifictools to transform the core Maplesoftproducts to discipline-specific applica-tions; and MapleConnect, a developersupport program designed to help third

party members of our unique commu-nity capitalize on their creativity,knowledge, ideas and energy by com-mercializing their intellectual property.

Its tools are used at over 90 per centof advanced research institutions anduniversities worldwide, and over threemillion people worldwide useMaplesoft technology. Academic andcommercial organizations have appliedMaple in nearly every technical field,including physics, engineering, aero-space, finance, telecommunications,data analysis, quantum mechanics andmany others.

Maplesoft is a privately held com-pany, headquartered in Waterloo,Ontario.

NSERC ResearchersMaplesoft was co-founded byUniversity of Waterloo computer sci-ence professor Dr. Keith Geddes. Hisresearch interests include algebraicalgorithms for symbolic computation,the design of the Maple computer alge-bra system, and exploring the symbolic-numeric interface in scientific comput-ing. Dr. Geddes has received numerousNSERC Discovery, CollaborativeResearch and Development, andResearch Tools and Instruments Grantssince the late 1970s.

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MathResources Inc.Chief Executive Officer: Ron Fitzgerald5516 Spring Garden Road, Suite 312, Halifax, Nova Scotia B3J 1G6Tel.: (902) 429-1323 Fax: (902) 492-7101E-mail: ron@mathresources.com

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 12YEAR INCORPORATED: 1996STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Software and Computer ServicesWEB SITE: www.mathresources.com

Products or ServicesThe underpinning of a technologicalsociety is a comprehensive under-standing of mathematics. To that end,MathResources focuses specifically ondeveloping the most robust math soft-ware available to teachers and studentsalike. The company’s mission is to bethe world leader in interactive softwareand on-line content for mathematics.

Launched in 1996, MathResourcesunites the expertise of a mathemati-cian, a computer scientist and a pub-lishing executive. This combination ofacademic research and publishingexperience provides MathResourceswith the broad-based skills necessaryfor success. These individuals providethe research and developmentalliances, authors and the evaluationand reviewing personnel required for the construction of sound, robustsoftware.

MathResources has excellent leadproducts, licenses, alliances and con-tracts that are producing revenue andbuilding a strong competitive position.The company also provides program-ming and consulting services to a vari-ety of organizations. Current productsinclude Let’s Do Math: Tools & Things;Let’s Do Math: Graphing & Calcu-lating; MRI-Graphing Calculator forPocket PC; and The MathResource:

Interactive Math Dictionary.MathResources is poised to expandrapidly into each segment of the lucra-tive math education market.

NSERC ResearchersMathResources was founded by Dr. Jonathan Borwein, Dr. CarolynWatters and Ron Fitzgerald. Dr.Borwein is a research professor in theFaculty of Computer Science atDalhousie University where he alsoholds a Canada Research Chair inDistributed and CollaborativeResearch. In addition, he holds theVisiting Maclaurin Fellowship at theNew Zealand Institute of Mathematicsand its Applications. NSERC has funded Dr. Borwein with Discovery,and Research Tools and InstrumentsGrants since 1981. Dr. Carolyn Wattersis a professor in the Faculty ofComputer Science at DalhousieUniversity and former director of theuniversity’s e-commerce program. Sheis now the Associate Dean of theFaculty of Graduate Studies and co-directs the Web Information FilteringLab. NSERC has funded her researchon information retrieval systems withDiscovery Grants since 1992.

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Products or ServicesmatREGEN is a start-up biomaterialsand drug delivery company based onSpinFX, the company’s proprietaryplatform technology. This innovativetechnique is used to produce novelstructures, such as porous tubes, com-posites and coatings. The method issimple, scalable and meets unmetneeds within a diverse array of mar-kets. SpinFX can be used to createpatent tubes that match the mechani-cal properties of soft tissue yet havethe strength to withstand compres-sion at the implant site.

matREGEN’s core business isfocused on the development of pro-prietary products within the healthand life sciences market, specificallywithin the arthritis segments which isa multi-billion dollar industry.

NSERC ResearchersmatREGEN was founded by Drs. Molly Shoichet and Paul Daltonto commercialize the SpinFX technol-ogy platform that was invented in Dr. Shoichet’s laboratory. Dr. Shoichet,the company’s president, holds theCanada Research Chair in TissueEngineering and is a professor in theDepartment of Chemical Engineeringand Applied Chemistry, Chemistryand Biomaterials, and the Departmentof Biomedical Engineering at theUniversity of Toronto. She has receivedprestigious distinctions, such as a 2003NSERC Steacie Fellowship, theCanadian Institute for AdvancedResearch’s Young Explorer’s Award(given to the top 20 scientists under 40years of age in Canada) and Canada’sTop 40 under 40 (for innovation andleadership). She holds 16 patents andhas also founded BoneTec, a develop-ment stage company. Dr. Shoichet isprimarily focused on promoting nerveregeneration after spinal cord injury,for which there is no cure. Thisresearch is funded in part by NSERCStrategic Project, Research Tools andInstruments, Collaborative Researchand Development, and DiscoveryGrants.

matREGEN CorpPresident: Dr. Molly Shoichet200 College Street, Suite 28, Toronto, Ontario M5S 3E3 Tel.: Not listed Fax: Not listedE-mail: info@matregen.com

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 4YEAR INCORPORATED: 2002STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Pharmaceuticals/BiotechnologyWEB SITE: www.matregen.com

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MBEC BioProducts Inc.President: Ken BoutilierPhipps-McKinnon Building, 10020 101A Avenue, Suite 870Edmonton, Alberta T5J 3G2 Tel.: (780) 425-7717 Fax: (780) 424-0941E-mail: info@mbec.ca

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 9YEAR INCORPORATED: 2004STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Pharmaceuticals/BiotechnologyWEB SITE: www.mbec.ca

Products and ServicesMicrobial biofilms are common innature, causing the majority of infec-tions/infestations in humans and inagricultural and industrial settings.Typical biofilm diseases includePierce’s disease in grape, citrus and coffee crops, bovine mastitis, device-associated infections (catheters,artificial hips), cystic fibrosis lunginfections, prostatitis, and inner earinfections. In a biofilm state anorganism can be up to 1,000 timesmore resistant to antibiotics/biocidesthan the very same organism in afree-floating or planktonic state. Thisfact presents a significant problem, asall antibiotics and biocides havereceived indications for use based onplanktonic susceptibility.

MBEC BioProducts develops prod-ucts to address these problems usingits patented technology, the MBECAssay. The assay is a high throughputscreening tool for the growth ofbiofilms and subsequent testingagainst antimicrobial agents. Thecompany conducts its business inthree areas: research and developmentto discover new antimicrobial agentsand diagnostic tools, which has led to

the filing of three patents for antimi-crobial compounds; contract researchfor clients with biofilm problemsincluding catheter, wound and drugdevelopment companies; and sales ofthe MBEC Assay to over 70 clientsworldwide including academic resear-chers, pharmaceutical companies andbiocide manufacturers.

Innovotech Inc. (TSX-V:IOT) is theparent company of MBEC BioProducts.

NSERC ResearchersMBEC BioProducts was co-foundedby Drs. Howard Ceri and Merle Olsonof the University of Calgary. Dr. Ceri isa professor in the Department ofBiological Sciences and chair of theBiofilm Research Group. NSERC hassupported his research with Discovery,and Research Tools and InstrumentsGrants. Dr. Olson holds theWestaim/ASRA Chair in BiofilmResearch and is an adjunct professor inthe Department of Biological Sciencesat the University of Calgary. NSERChas supported Dr. Olson’s researchwith Discovery, Research Tools andInstruments, and Strategic ProjectGrants. Dr. Olson also serves as MBECBioProducts’ chief scientific officer.

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Products or ServicesMDS Sciex is the analytical instrumen-tation division of MDS Inc., a diversifiedhealth and life sciences company. As aglobal leader in the research, design anddevelopment of mass spectrometers,MDS Sciex will be making a significantimpact on the understanding of proteinfunction in the field of proteomics andmetabolomics. Through the develop-ment of innovative mass spectroscopy-based tools, MDS Sciex will extend thebioanalytical capabilities of scientists inthe field of proteomics and meta-bolomics.

At the pinnacle of a full range of triplequadrupole platforms offered by MDSSciex, the API 4000™ system creates anew standard for ruggedness and relia-bility that enables even greater produc-tivity and simplicity. The API 150ex, API2000™ and API 3000™ are also part ofthe comprehensive line of advancedtechnology solutions for LC/MS andLC/MS/MS (Liquid Chromatography/Tandem Mass Spectrometry).

The API QSTAR™ Pulsar Quad-rupole Time-of-Flight system providesthe highest sensitivity for precursor andproduct ion scanning in LC/MS/MSexperiments.

The ELAN® DRC II ICP-MS offersthe best detection limits in trace elementdetermination. It eliminates interfer-ences before they reach the quadrupole

mass spectrometer. The ELAN® 9000 isideal for environmental, clinical, geo-chemical and general testing laborato-ries with moderate to heavy loads ofultratrace level samples. ICPMS prod-ucts are offered through PerkinElmer/MDS Sciex.

NSERC ResearchersMDS Sciex was incorporated in 1974 by a group of researchers headed by Dr. Barry French at the Institute ofAerospace Studies of the University ofToronto. Dr. French, now retired fromacademic life, has been supported byNSERC Discovery, and Research Toolsand Instruments Grants for his researchinto the detection of trace substances.

MDS Sciex contributes to the devel-opment of Canadian researchersthrough its involvement in NSERC’sIndustrial Research Fellowships pro-gram. In 1995, the company co-spon-sored the NSERC-Sciex IndustrialResearch Chair in Scientific Instrumen-tation at the University of BritishColumbia. In 1998, MDS Sciex co-spon-sored the NSERC-Sciex IndustrialResearch Chair in Analytical MassSpectrometry at York University. MDSSciex is an industrial partner withNSERC in funding four other majorprojects at Canadian universities andsupports several other Canadian univer-sity laboratories and research institutes.

MDS SciexPresident: Dr. Andy Boorn71 Four Valley Drive, Concord, Ontario L4K 4V8Tel.: (905) 660-9005 Fax: (905) 660-2601E-mail: info@sciex.com

ANNUAL REVENUE: $282,000,000NUMBER OF EMPLOYEES IN CANADA: 500YEAR INCORPORATED: 1974STOCK MARKET LISTING: NYSE: MDZTSX: MDSINDUSTRIAL SECTOR: Computer, Electronic and Electrical EquipmentWEB SITE: www.sciex.com

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Products or ServicesMembrane Reactor Technologies(MRT) is commercializing its patentedFluidized Bed Membrane Reactor(FBMR) technology for the productionof pure hydrogen. This technology willsupply pure hydrogen for industrialuses such as food processing, chemicalsynthesis and electronics manufacture,and for energy applications involvingfuel cells.

A membrane reactor is a device thatsimultaneously carries out a reactionand membrane-based separation inthe same physical enclosure. TheFBMR combines in a single vessel flu-idized reforming catalyst particles andhydrogen-permeable inner surfaces,called membranes, that extract purehydrogen as it is produced. This singlevessel replaces two reactors (steammethane reformer and shift converter)and a pressure-swing absorption unitin the conventional process by whichmost hydrogen is produced. Whenintegrated into a complete system,MRT’s process performs steammethane reforming of feeds such asnatural gas with higher yields, higherenergy efficiency and lower cost thanconventional reforming processes.

As part of its core competence, MRThas developed significant expertise inthe manufacture and application ofhydrogen-permeable membranes.

MRT is investigating applying mem-branes to several separation and purifi-cation applications as part of its devel-opment activity.

NSERC ResearchersMembrane Reactor Technologies(MRT) was founded by Drs. Alaa-EldinAdris, C. Jim Lim, Said Elnashaie, JohnGrace, Barry Pruden and Surajit Roy tofurther develop the FBMR technologythey invented. Drs. Grace and Lim areboth professors in the Department ofChemical and Biological Engineering atthe University of British Columbia.Dr. Grace also holds the CanadaResearch Chair in Clean EnergyProcesses. Drs. Grace and Lim areleading authorities on fluidization andchemical reaction engineering. Theirwork has been supported by NSERCDiscovery, Industrially OrientedResearch, Research Tools andInstruments, and Strategic ProjectGrants. Dr. Pruden, now a ProfessorEmeritus at the University of Calgary,held an NSERC Industrial ResearchChair in Hydrogen Technology spon-sored by a group of seven Canadian oiland coal companies. Dr. Pruden co-invented the CANMET HydrocrackingProcess and has had extensive experi-ence with industrial production ofhydrogen and its application to refiningprocesses.

Membrane Reactor Technologies Ltd.President and Chief Executive Officer: Michael Rushton3650 Wesbrook Mall, Vancouver, British Columbia V6S 2L2Tel.: (604) 822-4343 Fax: (604) 822-1659E-mail: info@membranereactor.com

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 12YEAR INCORPORATED: 1998STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Chemicals and MaterialsWEB SITE: www.membranereactor.com

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Products or ServicesMicrobridge Technologies specializesin micro-systems technology for elec-tronics, micro-devices and sensor-based systems. Microbridge usesmicro-thermal devices based on con-ventional silicon integrated circuittechnology to create solutions for avariety of industries. These devicesutilize a micro-membrane withembedded micro-heater, suspendedover a cavity in a silicon chip. TheRejustor™ and eTCR technologiesform the basis for a broad family ofproducts in the form of electronicallyadjustable resistive micro-devices thatprovide an unprecedented combina-tion of high precision, price and easeof use.

NSERC ResearchersMicrobridge Technologies was found-ed by Drs. Les M. Landsberger, J. DavidCheeke and Oleg Grudin. Dr. Cheeke,Microbridge’s vice-president of oper-ations, has over 25 years’ experience indevice physics and sensors research.He was a professor at ConcordiaUniversity and the chair of theDepartment of Physics from 1992 to2000. NSERC has supported hisresearch program since 1975 withDiscovery, Research Tools andInstruments, Strategic Project, andCollaborative Research andDevelopment Grants. Dr. Landsbergeris the company’s chief technologyofficer and a professor in theDepartment of Electrical andComputer Engineering at ConcordiaUniversity. He also holds a ConcordiaResearch Chair in MicrosystemsTechnology. NSERC has supported hiswork on microelectronics fabricationactivities with Discovery Grants.

Microbridge Technologies Inc.President and Chief Executive Officer: Michael S. Foster1980 Sherbrooke Street West, Suite 505, Montréal, Quebec H3H 1E8Tel.: (514) 938-8089 Fax: (514) 938-9089E-mail: info@mbridgetech.com

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 10YEAR INCORPORATED: 1999STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Computer, Electronic and Electrical EquipmentWEB SITE: www.mbridgetech.com

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Products or ServicesMIGENIX, formerly known asMicrologix Biotech, is committed toadvancing therapy, improving healthand enriching life by developing andcommercializing drugs for the pre-vention and treatment of major med-ical diseases and certain conditionswith unmet medical need. With itsexpertise and experience in productdevelopment, the company is focusedon advancing its pipeline of productcandidates in the areas of infectiousand degenerative diseases.

MIGENIX is headquartered inVancouver, British Columbia, withU.S. operations in San Diego,California.

NSERC ResearchersMIGENIX was originally establishedaround a technology to mass-producevarious peptides through recombinantDNA and specific peptide sequencesdeveloped by Dr. Robert E.W.Hancock and co-workers. Dr. Hancockis a professor in the Department ofMicrobiology and Immunology andthe director of the Centre forMicrobial Diseases and ImmunityResearch at the University of BritishColumbia. He also holds a CanadaResearch Chair in Pathogenomics andAntimicrobials and was the foundingscientific director of the CanadianBacterial Diseases Network, a Networkof Centres of Excellence. Dr. Hancockwas inducted as an Officer of theOrder of Canada in 2001. NSERC hassupported Dr. Hancock’s research withDiscovery, and Research Tools andInstruments Grants.

MIGENIX Inc. President and Chief Executive Officer: James DeMesa3650 Wesbrook Mall, Vancouver, British Columbia V6S 2L2Tel.: (604) 221-9666 Fax: (604) 221-9688E-mail: info@migenix.com

ANNUAL REVENUE: $2,971,557 (2004)NUMBER OF EMPLOYEES IN CANADA: 37YEAR INCORPORATED: 1993STOCK MARKET LISTING: TSX: MGI US OTC: MGIFFINDUSTRIAL SECTOR: Pharmaceuticals/BiotechnologyWEB SITE: www.migenix.com

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Products or ServicesMillenium Biologix is focused on thedevelopment and commercialization ofnext-generation orthobiologic andskeletal tissue regeneration products thatpromote the repair and natural healingof human bone and other tissues. Thecompany’s strength in developing lead-ing treatments for regenerative medicineis based on the successful integration ofthree core competencies in advancedbiomaterials, biologics and engineering.

Skelite™, which was launched forcommercial sale in June 2003, is de-signed specifically with a unique comp-osition containing trace mineral ele-ments as found in human bone. Onceimplanted, the human body interactswith the Skelite™ synthetic material as ifit were real bone. After the initial repairprocess restores mobility, the body con-tinues to remodel the injury site. In thisprocess, Skelite™ is progressivelyreplaced by additional new bone to thepoint that the implant is completelyremoved by natural cellular processesand only high quality natural boneremains at the injury site.

Primacoll™ and Peptos™, currentlyin late-stage development, are syntheti-cally manufactured small peptides thatstimulate targeted bone or cartilage tis-sue growth. These small entities, unlikethe larger protein growth factors cur-rently available for use, have specificbinding strategies with directed mecha-nisms of action that provide greater tis-sue specificity. Millenium’s peptides can

be manufactured in a simpler and morereliable, cost-effective chemical synthe-sis that the company believes will allowPrimacoll™ and Peptos™ to be used in abroad range of orthopedic and dentalapplications once it is approved.

Millenium’s automated cell cultureand tissue engineering system, ACTES™,will offer an attractive alternative to thecurrent uneconomical business modelfor cell therapy and is expected tobecome the international standard inthis new field of medical practice.ACTES™ will provide automated end-to-end control over the full biologicalprocess of tissue engineering, from biop-sy to tissue creation, within clinics andhospitals directly at the point-of-care. Itenables autologous cell and tissue pro-duction in a disposable, patient-dedicat-ed bioreactor system, which is morecost-effective than the current model forcell therapy.

NSERC ResearchersMillenium Biologix’s bone materialwas co-invented by Drs. Michael Sayerand John Davies. Dr. Sayer is a ProfessorEmeritus of physics at Queen’sUniversity and Dr. John Davies is a professor of biomaterials at theUniversity of Toronto. Both researchershave received NSERC support for theirwork on biomaterials. More recently,NSERC has supported collaborativework between Millenium Biologix,Dr. Sayer and Dr. Malcolm Stott, profes-sor of physics at Queen’s University.

Millenium Biologix Corporation Chairman and Chief Executive Officer: Sydney Pugh785 Midpark Drive, Kingston, Ontario K7M 7G3Tel.: (613) 389-6565 Fax: (613) 389-6625E-mail: mbc@millenium-biologix.com

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 43YEAR INCORPORATED: 1992STOCK MARKET LISTING: TSX: MBCINDUSTRIAL SECTOR: Pharmaceuticals/BiotechnologyWEB SITE: www.millenium-biologix.com

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Products or ServicesMXT manufactures metal fibres using amelt-extraction process that was devel-oped at McGill University to transformmolten liquids, such as metal andceramics, into fine fibres. These fibreshave many potential applications,including electronic article surveillance,article location and anticounterfeiting.As an anti-theft process, the threadsoffer a low cost, small and flexibleprocess to the retail industry. Unlikeother magnetic threads, MXT’s fibrescan be woven right into the fabric whichcan be incorporated into labels or sewninto clothing, setting off alarms if cus-tomers try to leave the store without get-ting the items deactivated at the cash.

MXT’s fibres are also used as sensorelements, exploiting their large giant-magneto impedance, and as heat-exchange material in cryo-coolers.

More recently the company has devel-oped a radically new magnetic markingmaterial, SSDW, in which the active anddeactivate elements are integrated forthe first time into a single product.

NSERC ResearchersMXT’s president and founder, Dr. JohnStröm-Olsen, developed the uniqueprocess to transform molten liquids intofibres at McGill University. NSERC has supported Dr. Ström-Olsen’sresearch program with Discovery,Strategic Project, Research Tools and Instruments, and CollaborativeResearch and Development Grants since 1979.

MXT Inc. President and Chief Executive Officer: Dr. John Ström-Olsen1744 William Street, Suite 104, Montreal, Quebec H3J 1R4Tel.: (514) 934-3377 Fax: (514) 934-3990E-mail: info@m-x-t.com

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 6YEAR INCORPORATED: 1996STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Chemicals and MaterialsWEB SITE: www.m-x-t.com

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Products or ServicesMycoLogic is clearing the way for thesafe and effective control of fast-grow-ing deciduous trees, often consideredto be forest “weeds” in reforestationsites. These hardwood trees consumelarge amounts of light, nutrients, andwater. They also take up a lot of space,pose a hazard to power lines, andthreaten to overgrow roadways,pipelines, parklands and recreationareas. MycoLogic’s first product,CHONTROL™, uses a naturallyoccurring fungus, Chondrosterereumpurpureum, to maintain clearings bypreventing the resprouting of theseproblematic deciduous trees. CHON-TROL™ was the first biological con-trol agent used in the Canadianforestry sector.

Current strategies to control decid-uous tree growth involve cutting,burning or treating brush with chemi-cal herbicides. These practices can becostly, dangerous and damaging to theenvironment. MycoLogic’s ECO-clearis a cost-effective and environmentallysafe alternative to chemical herbicides.It is non-toxic, does not build up inthe environment, and its effects arelimited to the area where it is applied.

NSERC ResearchersMycoLogic was founded by Dr. William Hintz, an associate professor of biology at the Universityof Victoria specializing in plantpathogens and genetics. He has doneextensive research in collaborationwith Canadian Forestry Serviceresearchers Drs. Ron Wall and SimonShamoun. Dr. Hintz’s work is sup-ported by NSERC Discovery,Industrially Oriented Research, andResearch Tools and InstrumentsGrants.

MycoLogic Inc. President and Chief Executive Officer: Dr. William HintzUniversity of Victoria IDC, PO Box 3075 Stn. CSC, R-Hut, McKenzie AvenueVictoria, British Columbia V8W 2Y2 Tel.: (250) 721-6500 Fax: (250) 721-6497E-mail: idc@uvic.ca

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 8YEAR INCORPORATED: 1994STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Environmental TechnologiesWEB SITE: Not listed

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Products or ServicesNanox works in the nanotechnologysector and has developed an innova-tive manufacturing technology. Itdevelops and manufactures high-performance catalysts made up ofnanocrystalline perovskites. Usingpatented production technology,Nanox is able to design custom high-performance catalysts to meet thechallenges faced by the automotivecatalyser industry. The company’sproducts also ensure better emissionscontrol with a significantly lower pre-cious metals content.

NSERC ResearchersNanox was created as a result of thedevelopment of a process by AndréVan Neste and Serge Kaliaguine atUniversité Laval. Dr. Van Neste, anassociate professor in the university’sDepartment of Mining, Metallurgyand Materials, joined Nanox in 2001as vice-president. Dr. Kaliaguine is aprofessor in the Department ofChemical Engineering at UniversitéLaval. NSERC has supported the tworesearchers’ work through Discovery,Research Tools and Instruments, andStrategic Project Grants. In addition,Dr. Kaliaguine is the senior holder ofthe NSERC Industrial Research Chairin Nanomaterials: Adsorbents,Catalysts and Membranes, in whichNanox is a partner.

Nanox Inc.President and Chief Executive Officer: J. Gary McDaniel4975 Rideau Street, Suite 100, Québec, Quebec G2E 5H5Tel.: (418) 692-1131 Fax: (418) 692-1165E-mail: nanox@nanoxnps.com

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 10YEAR INCORPORATED: 1999STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Chemical Products and MaterialsWEB SITE: www.nanoxnps.com

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Products or ServicesNewmerical Technologies Inter-national (NTI) provides state-of-the-art software and engineering servicesfor multi-disciplinary ComputationalFluid Dynamics (CFD) simulations.This software is used by engineers,environmentalists and architects tosimulate situations, in nature and inindustry, that involve fluid flow andheat transfer. This allows for the rapidand accurate virtual design of a com-ponent or a process, without the needto build a prototype.

NTI has found wide applicationsfor its CFD simulations in the aero-space, automotive, architectural,naval, power and process, and foodand beverage industries. Today, a largenumber of leading aerospace corpora-tions use NTI’s in-flight icing simula-tion system to assist them in increas-ing safety and in certifying their air-craft for flying into known icing.NTI’s software is also used extensivelyin assessing wind effects aroundbuildings and attached devices. NTI’snew products involve novel MeshOptimization software and advancedsoftware for the Optimal Design ofaircraft.

NSERC ResearchersDr. Wagdi (Fred) Habashi, president ofNewmerical Technologies Inter-national, is a McGill University profes-sor of mechanical engineering, thedirector of its renowned Computa-tional Fluid Dynamics Laboratory, andproject leader of the CLUMEQ(Consortium Laval, UQAM, McGilland Eastern Quebec) SupercomputerCentre. He also holds an NSERCIndustrial Research Chair sponsored bythe J. Armand Bombardier Foundationwith the participation of SiliconGraphics Inc. He is a fellow of theCanadian Academy of Engineering anda fellow of the American Society ofMechanical Engineers. He was selectedby the Montréal Gazette as one of theten top scientists in Montréal in itsseries, “Montréal the Year 2000,”and was featured by the CanadaFoundation for Innovation as one ofCanada’s top 25 scientists in 2002.

Newmerical is the result of 30 yearsof Dr. Habashi’s university research.NSERC supports Dr. Habashi’s workwith Discovery, Strategic Project, andResearch Tools and InstrumentsGrants. In 1988, Dr. Habashi wasawarded an NSERC Steacie Fellowshipfor outstanding research in the field ofcomputational aerodynamics.

Newmerical TechnologiesInternationalPresident and Chief Scientific Officer: Dr. Wagdi Habashi680 Sherbrooke Street West, 7th Floor, Montréal, Quebec H3A 2M7 Tel.: (514) 398-2671 Fax: (514) 398-8454E-mail: nti@newmerical.com

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 12YEAR INCORPORATED: 1998STOCK MARKET LISTING: TSX-V: CFDINDUSTRIAL SECTOR: Software and Computer ServicesWEB SITE: www.newmerical.com

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Products or ServicesNorthern Radar has developed astate-of-the-art Surface Wave Radar(SWR) system that can monitor over225,000 square kilometres of theocean surface while providing timelyactivity reports. The task of surveil-lance of an Exclusive Economic Zone(EEZ), requiring observation of mil-lions of square kilometres of ocean,can benefit tremendously from usingNorthern’s SWR technology. TheSWR technology can detect icebergs,measure ocean waves, monitor surfacecurrents, track low-flying aircraft, andtrack vessels located up to 450 kilome-tres from shore.

SWR systems transmit at frequen-cies in the HF frequency band, at fre-quencies several orders of magnitudelower than traditional radar systems.The ocean surface is highly conduc-tive, which effectively “guides” verticalpolarized HF radio signals with verylow attenuation. As a result, HF SWRsystems can provide coverage to 250nautical miles range. The versatility ofthe system has attracted the interest ofindustry, government and academia.

Oil companies use the system to fol-low ocean wave conditions to protecttheir offshore rigs. Information aboutsurface currents helps biologists toestimate fish stocks and search andrescue teams to track lifeboats. TheNorthern Radar technology is moreaffordable than satellite systems and isable to operate in real-time, with con-tinuous coverage of the monitoredzone.

NSERC ResearchersNorthern Radar’s ground wave radar system was developed by Dr. John Walsh, a Professor Emeritus at Memorial University of Newfoundland. Dr. Walsh hasinvestigated ground wave radar systems since 1981, with the supportof NSERC Discovery, StrategicProject, and Collaborative Researchand Development Grants. He nowserves as vice-president, R&D, atNorthern Radar.

Northern Radar Inc.Chief Executive Officer: Barry J. Dawe25 Anderson Avenue, PO Box 23039St. John’s, Newfoundland and Labrador A1B 4J9 Tel.: (709) 739-4014 Fax: (709) 739-4514E-mail: bjdawe@northernradar.com

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 7YEAR INCORPORATED: 1986STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Computer, Electronic and Electrical EquipmentWEB SITE: Not listed

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Products or ServicesNovator Systems is a leading providerof outsourced e-retail services. Thecompany designs, builds, hosts, moni-tors and continuously improves e-retail solutions for clients like FTD,Lucasfilm, and Time Warner.

Novator’s expertise in all aspects ofe-retail – from e-merchandizing to e-marketing – caught the attention ofFTD, the world’s premier florist, in1994. Novator now powers and man-ages FTD.com, a complex system thatincludes databases that hold pricingand product information, e-retailapplications that process customertransactions, a back-end credit cardverification system and a content-delivery network service. FTD.comleads the major on-line flower retail-ers with its easy ordering procedures,a wide selection of customized prod-ucts and access to special promotionsand customer loyalty programs.

NSERC ResearchersNovator Systems was founded byMark and Tressa Fox. Dr. Mark Fox,the company’s chairman and chiefexecutive officer, is a professor ofindustrial engineering with a crossappointment in the Department ofComputer Science at the Universityof Toronto. Dr. Fox heads theEnterprise Integration Laboratoryand held the NSERC IndustrialResearch Chair in EnterpriseIntegration. NSERC has supportedDr. Fox’s research with Discovery andTechnology Partnership Grants.

Novator Systems Ltd.Chairman and Chief Executive Officer: Dr. Mark S. Fox364 Richmond Street W., Suite 300, Toronto, Ontario M5V 1X6Tel.: (416) 260-5131 Fax: (416) 260-5121E-mail: info@novator.com

ANNUAL REVENUE: $8,000,000NUMBER OF EMPLOYEES IN CANADA: 65YEAR INCORPORATED: 1992STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Software and Computer ServicesWEB SITE: www.novator.com

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Products or ServicesNxtPhase develops digital and fibre-optic solutions that will change theway high-voltage electric power ismanaged by utilities worldwide.NxtPhase products improve reliabilityin energy-supply systems throughinnovations in digital protection andfibre-optic measurement.

NxtPhase electric power sensorsoffer superior performance over exist-ing technologies, with unparalleledhigher accuracy, broader dynamicrange, wider bandwidth, improvedsafety and environmental benefits. Ata fraction of the weight of olderequipment, NxtPhase sensors are alighter, much less bulky alternative,allowing easy installation in the field.

NSERC ResearchersNxtPhase was co-founded by Dr. Nicolas Jaeger, a professor of elec-trical and computer engineering atthe University of British Columbia.Dr. Jaeger pioneered NxtPhase’s inte-grated-optic voltage sensing tech-nology. NSERC has supported Dr. Jaeger’s work with CollaborativeResearch and Development, Discovery,Research Tools and Instruments,Cooperative Activities, and IndustriallyOriented Research Grants. Dr. Jaegeralso works closely with JGKBPhotonics, another company he co-founded, to guide their technologydevelopment.

Dr. Farnoosh Rahmatian, the direc-tor of R&D at NxtPhase, is a formerNSERC Industrial PostdoctoralFellow who worked with Dr. Jaeger atthe University of British Columbia.

NxtPhase CorporationChief Executive Officer: Andrea Johnston3040 E. Broadway, Vancouver, British Columbia V5M 1Z4Tel.: (604) 215-9822 Fax: (604) 215-9833E-mail: info@nxtphase.com

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 50YEAR INCORPORATED: 1999STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Mining, Oil, Gas and UtilitiesWEB SITE: www.nxtphase.com

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Products or ServicesOcean Nutrition Canada Limited(ONC) was founded in 1997 throughthe vision of its parent company,Clearwater Fine Foods Inc., the largestvertically integrated seafood companyin Canada. ONC is a leading innova-tor and provider of quality marine-based natural health and nutritionproducts in the world market. ONC’sprimary product focus is MEG-3™brand Omega-3 EPA/DHA purifiedfish oil ingredients for the globaldietary supplement and health foodingredient markets.

ONC’s oils have set global qualitystandards and are the first ingredientsto achieve U.S. Pharmacopoeia verifi-cation. The company manufacturesproducts to GMP standards (GoodManufacturing Practice Regulationsset by the U.S. Food and DrugAdministration) in government-certi-fied facilities. ONC uses proprietarymanufacturing processes for refiningand concentrating Omega-3 fattyacids from fish, resulting in the finestquality oil at a cost-effective price. Thecompany has the only manufacturingplant in North America that can bothrefine and concentrate Omega-3 fishoil in commercial quantities. A plantin Arcadia, Wisconsin has also beenacquired by ONC to produce largerquantities of MEG-3™ powder ingre-dient to meet increasing demand.

ONC has North America’s largestprivately owned research lab dedi-cated exclusively to the discovery ofnew marine natural products. Thecompany has 13 PhDs on staff andover 40 people researching bioactiveingredients from the marine environ-ment. The company has the mostsophisticated analytical equipment inthe industry, which guarantees thequality, efficacy and consistency of itsnatural Omega-3 fatty acids. Everybatch of Omega-3 oil produced byONC is put through more than 50 in-process and final quality checksbefore it leaves the plant.

NSERC ResearchersThe distillation technology used byONC was co-developed by Dr. RobertAckman, Professor Emeritus at theCanadian Institute of FisheriesTechnology, Dalhousie University.Dr. Ackman, who sits on ONC’sScientific Advisory Board, is theworld’s leading expert in marine foodsources of Omega-3 fatty acids and offish oil concentrates in capsule formfor clinical applications. Dr. Ackmanhas received NSERC Research Toolsand Instruments, and StrategicProject Grants for his research on fishmeal and silage lipids, antioxidantsand pigments, and other nutritionmatters.

Ocean Nutrition Canada LimitedPresident and Chief Executive Officer: Robert Orr101 Research Drive, Dartmouth, Nova Scotia B2Y 4T6Tel.: (902) 480-3200 Fax: (902) 480-3199E-mail: info@ocean-nutrition.com

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 256YEAR INCORPORATED: 1997STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Pharmaceuticals/BiotechnologyWEB SITE: www.ocean-nutrition.com

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Products or ServicesOpen Text is the market leader in pro-viding Enterprise Content Management(ECM) solutions that bring togetherpeople, processes and information. Thecompany’s software seamlessly com-bines collaboration with content man-agement, transforming informationinto knowledge that provides the foun-dation for innovation, compliance andaccelerated growth.

Open Text’s legacy of innovationbegan in 1991 with the successfuldeployment of the world’s first searchengine technology for the Internet.Today, Open Text supports 17 millionusers across 13,000 deployments in 31countries and 12 languages worldwide.

Enterprise Content Management(ECM) represents a critical new stage inthe advance of the Information Age. It ismore than just a product or a solution. Itdescribes both a philosophical approachand the underlying technologies used tohelp businesses transform their contentinto competitive advantage.

The Livelink ECM solutions bringtogether a number of collaboration,content and process technologies intointegrated solutions that work harmo-niously to capture ideas, experiencesand knowledge, and manage the com-plete life cycle of electronic documents,from their creation to archive and even-tual deletion.

NSERC ResearchersThe original technology (the text data-base management system with thefastest search engine available – search-ing through 60 million words per sec-ond) was developed as part of a collab-orative research and development proj-ect, conducted by Drs. Frank Tompaand Gaston Gonnet. It was fundedjointly by NSERC and the OxfordUniversity Press, with additional sup-port from the University of Waterlooand private foundations. Dr. Tompa is acomputer science professor at theUniversity of Waterloo. He continues toresearch data management and struc-turing and has more recently collabo-rated with industry in exploring how toaugment relational database systems tosupport XML (Extensible MarkupLanguage). His research program issupported by NSERC Discovery,Strategic Project, and CollaborativeResearch and Development Grants.Dr. Gonnet is an adjunct professor atWaterloo and is currently pursuingresearch in symbolic and algebraiccomputation, computational biochem-istry, and algorithm design and analysisat the Swiss Federal Institute ofTechnology in Zurich.

Open Text CorporationChief Executive Officer: P. Thomas Jenkins185 Columbia Street W., Waterloo, Ontario N2L 5Z5Tel.: (519) 888-7111 Fax: (519) 888-0677E-mail: info@opentext.com

ANNUAL REVENUE: $397,984,116NUMBER OF EMPLOYEES IN CANADA: 400YEAR INCORPORATED: 1991STOCK MARKET LISTING: Nasdaq: OTEX TSX: OTCINDUSTRIAL SECTOR: Software and Computer ServicesWEB SITE: www.opentext.com

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Products or ServicesSince its beginnings at the Depart-ment of Physics at York University,Optech has grown to be a world leaderin the development, manufacture andsale of advanced laser-based instru-ments. Its products, based on thecompany’s core expertise in pulsedlaser radar (lidar), are widely used forterrestrial and marine surveying,space and atmospheric monitoring,3D laser imaging and industrialprocess measurements. Optech devel-oped the world’s first operational air-borne lidar bathymeter, used for pre-cise measurements of underwatermarine topography. The Shoals-Hawkeye system, based on earlyresearch done at York University, haswon Optech an international clien-tele. Optech’s customers include sur-veying, mining and industrial corpo-rations, research institutes, govern-ment departments and internationalspace agencies.

Optech has a subsidiary, OptechInternational, in the U.S. and hasstrategic alliances with a number ofinternational collaborators. Ninetyper cent of Optech’s business isexport, supplying about three-quar-ters of the world market for commer-cial airborne laser survey systems.

Optech has received the CanadianAward for Business Excellence inInnovation, as well as awards for itsachievements in exports and R&D.

NSERC ResearchersDr. Allan Carswell, a ProfessorEmeritus of physics at YorkUniversity, founded Optech in 1974 to commercialize his researchfindings on optical radar systems.Dr. Carswell’s early research was fund-ed by NRC and, over the years,NSERC has provided consistent sup-port through Discovery Grants.

Optech Inc.President: Donald Carswell100 Wildcat Road, Toronto, Ontario, M3J 2Z9 Tel.: (416) 661-5904 Fax: (416) 661-4168E-mail: general@optech.ca

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 210YEAR INCORPORATED: 1974STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Computer, Electronic and Electrical EquipmentWEB SITE: www.optech.ca

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Products or ServicesPerformance Plants is a private biotech-nology company that uses proprietarytechnologies to increase the value ofcommercial crops. The focus is on fourmajor crops: corn, soybean, cotton andcanola. The company’s business modelis to license its technologies to leadingseed companies and germplasm devel-opers. Major players in the seed indus-try have formed strategic partnershipswith Performance Plants.

Performance Plants’ pipelineincludes three complementary tech-nologies that offer spectacular step-changes in the development of com-mercial crops. The technologies may beused individually or “stacked” togetherto create a significant boost in produc-tivity and value.

The Yield Protection Technology(YPT™) technology is a mechanismthat allows plants to tolerate waterstress and provide yield increases overtheir parent varieties regardless of therainfall. The company’s Master Reg-ulator Gene (MRG) adjusts the levels ofoil and fibre in seeds. PerformancePlant’s third technology, the Heat StressGene (HSG) stabilizes yield in hightemperature conditions. Unprotectedcrops experience dramatic seed losseswhen temperatures rise even a fewdegrees above optimum.

Performance Plants leases researchand office facilities in the BioSciencesComplex at Queen’s University andsimilar facilities at Innovation Place inSaskatoon. The research team includesmolecular biologists, plant physiolo-gists and biochemists.

NSERC ResearchersPerformance Plants was formed by Drs. David Dennis and DanielLefebvre, both professors in theDepartment of Biology at Queen’sUniversity. Dr. Dennis serves asPerformance Plants’ president and chiefexecutive officer. His research programhas been supported by NSERC withDiscovery, Strategic Project, andResearch Tools and Instruments Grants since 1968.

Performance Plants teamed withNSERC and the University of Torontoto establish an NSERC IndustrialResearch Chair in Plant Biotechnologyheld by Dr. Peter McCourt. The compa-ny collaborates extensively with otherNSERC-supported scientists at Queen’sand the Universities of Toronto,Waterloo and McMaster, and workswith numerous NSERC IndustrialResearch Fellows and NSERC-fundedstudents.

Performance Plants Inc.President and Chief Executive Officer: Dr. David Dennis116 Barrie Street, Suite 4600, Kingston, Ontario K7L 3N6Tel.: (613) 545-0390 Fax: (613) 545-3618E-mail: information@performanceplants.com

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 33YEAR INCORPORATED: 1995STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Pharmaceuticals/BiotechnologyWEB SITE: www.performanceplants.com

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Products or ServicesPhero Tech is a world leader in thedevelopment, manufacture and sale ofnon-pesticidal insect pest manage-ment monitoring and control prod-ucts, using pheromones, semiochemi-cals and traps for the forestry, agricul-ture, apiculture and commercialindustries. Semiochemicals are mes-sage-bearing chemicals that insectsand other organisms use for commu-nication purposes. For instance, semi-ochemical lures and traps can be usedto monitor pest populations or tomass trap pests as a means of popula-tion control or reduction.

Phero Tech manufactures and mar-kets QMP, a complex pheromonemixture from the queen honeybeemandibular gland. Phero Tech QMPis the active ingredient in Fruit Boost,a pollination aid for fruit crops, aswell as Bee Boost, a product used tomanipulate bee behaviour.

Phero Tech maintains a laboratorydedicated to semiochemical synthesis,formulation and analysis, as well as alure and trap manufacturing facility.

NSERC ResearchersDr. John Borden is a ProfessorEmeritus in the Department ofBiological Sciences at Simon FraserUniversity and the company’s directorof research and development. Hisresearch interests lie in insect chemi-cal ecology and semiochemical-basedpest management. NSERC/NRC havesupported Dr. Borden’s researchthrough a number of grants since1967. Numerous products currentlymarketed by Phero Tech have resultedfrom technology transfer from Dr. Borden’s research program at SFU.

Phero Tech Inc.President and Chief Operating Officer: Alan Vaudry7572 Progress Way, Delta, British Columbia V4G 1E9Tel.: (604) 940-9944 Fax: (604) 940-9433E-mail: info@pherotech.com

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 20YEAR INCORPORATED: 1982STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Environmental TechnologiesWEB SITE: www.pherotech.com

RESEARCH MEANS BUSINESS

Products or ServicesPhoeniX Technologies manufacturesVisualeyez, a wide-angle, high-speedand high-resolution real-time active-optical 3D motion capture/trackingsystem. With its worldwide-patentedenabling technology, Visualeyez sys-tems are powerful enough for real-time 3D content creation in multifar-ious entertainment applications, yetsophisticated and accurate enough forscientific motion analysis, control andvirtual reality research.

PhoeniX Technologies providesimaginative motion capture solutionsand resources for a number of appli-cations, including, but not limited to:film and television special effects,computer graphic animations, com-puter and video games development,virtual reality simulations, and cam-era tracking. Visualeyez systems canbe used for scientific research, such asmovement analysis, computer-aidedsurgery, bio-mechanical research,tele-robotics, physiotherapy, indus-trial measurement and control, andreverse engineering.

Today, PhoeniX TechnologiesIncorporated has systems installedworldwide. The company is poised totranscend the boundaries of contem-porary real-time motion capture tech-nology and deliver a new echelon ofrealism and performance to graphicsand motion analysis situations.

NSERC ResearchersDr. Chris C.H. Ma, PhoeniXTechnologies’ president, invented theVisualeyez system when he was anassistant professor in the Departmentof Electrical and Computer Engi-neering at the University of BritishColumbia. Funded initially by NSERCDiscovery, and Research Tools andInstruments Grants, Dr. Ma devel-oped a crude, but innovative sensorwhich eventually resulted in theVisualeyez system.

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PhoeniX Technologies Inc.President: Chris Ma4302 Norfolk Street, Burnaby, British Columbia V5G 4J9Tel.: (604) 321-3238 Fax: (604) 321-3286E-mail: support@ptiphoenix.com

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 15YEAR INCORPORATED: 1996STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Computer, Electronic and Electrical EquipmentWEB SITE: www.ptiphoenix.com

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Products or ServicesPlasmionique is an R&D companythat was created to commercializeprocesses and tools based on plasmatechnologies. The company special-izes in custom design and develop-ment of plasma-based surface engi-neering equipment, including PVDand PECVD systems as well as varioustypes of plasma sources used for sur-face cleaning, activation and advancedmaterial synthesis.

NSERC ResearchersPlasmionique was founded by Dr. Andranik Sarkissian, a formerphysics professor at the Institut nation-al de recherche scientifique, CentreÉnergie, Matériaux et Télécom-munications. An NSERC DiscoveryGrant in 1994 allowed him to startresearch in plasma assisted surfaceengineering, part of Plasmionique’scurrent R&D activities.

Plasmionique Inc.President: Dr. Andranik Sarkissian1650 Lionel Boulet Boulevard, Suite 171B, Varennes, Quebec J3X 1S2Tel.: (450) 929 8154 Fax: (450) 929-8102E-mail: info@plasmionique.com

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 5YEAR INCORPORATED: 1999STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Chemicals and MaterialsWEB SITE: www.plasmionique.com

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Products or ServicesPlatform Computing is the world’sleading provider of distributed com-puting software solutions. From desk-top to grid computing, Platform’s dis-tributed computing solutions opti-mize existing computing resources toreduce time-to-market, improve thequality of results and maximize thereturn on an organization’s informa-tion technology investments.

Platform’s distributed computingsolutions combine workload manage-ment, resource management and per-formance management components.Platform’s products operate seamless-ly across an organization’s computingenvironment, including networkedUNIX, Linux and Windows-basedservers, desktops, supercomputersand clusters.

Platform’s distributed computingsolutions are deployed in a wide rangeof industries, including life sciencesand pharmaceuticals. The companyprovides distributed and grid comput-ing solutions to over 1,700 customersworldwide, and its client list reads likethe Fortune 500: Nortel Networks,Lucent Technologies, BombardierGroup, DuPont & Co., GeneralElectric, Sony, Hewlett Packard andDeutsche Bank, to name a few.

Platform also has significant part-nerships with leading system vendors,including Compaq, HP, IBM, SGI,Fujitsu, Hitachi and Sun Micro-systems (all of which are also Platformcustomers), as well as grid computingpartnerships with companies such asIBM, HP, SGI, and Compaq.

NSERC ResearchersCo-founder, Songnian Zhou, is thechairman and chief technology officerof Platform Computing. Dr. Zhou, aprofessor of computing science at theUniversity of Toronto, invented theLSF (Load Sharing Facility) software.The LSF prototype was tested andapplied successfully at Bell NorthernResearch (BNR) under a collaborativeresearch and development projectjointly funded by NSERC and BNR.

Dr. Zhou is the driving force behindPlatform’s product strategy and evo-lution. In less than 10 years, Dr. Zhouhas taken Platform Computing from astaff of three in offices at theUniversity of Toronto to a more than200-strong, profitable company withoffices around the world.

Platform Computing Inc.Chief Executive Officer and Chairman: Dr. Songnian Zhou3760 14th Avenue, Markham, Ontario L3R 3T7Tel.: (905) 948-8448 Fax: (905) 948-9975E-mail: info@platform.com

ANNUAL REVENUE: $69,915,689NUMBER OF EMPLOYEES IN CANADA: 275YEAR INCORPORATED: 1992STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Software and Computer ServicesWEB SITE: www.platform.com

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Powerlasers Ltd.General Manager: John Munroe55 Confederation Parkway, Concord, Ontario L4K 4Y7Tel.: (905) 761-1525 Fax: (905) 761-1527E-mail: jmunroe@powerlasers.com

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 110YEAR INCORPORATED: 1976STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: TransportationWEB SITE: www.powerlasers.com

Products or ServicesAutomobile manufacturers are contin-ually looking for new and innovativeways to reduce costs and weight.Powerlasers’ patented technology forthe production of laser-welded blanksallows automakers to design weightreduction and cost savings into newvehicles. Laser-welded blanks consistof two or more pieces of steel of differ-ent thickness or composition, joinedtogether by a laser welding process.

Powerlasers produces a wide varietyof components for customers such asGeneral Motors and Daimler Chryslerand is regarded as one of the top laserwelding suppliers of automotive partsin the world today. The companyemploys approximately 230 people atits facilities in Concord and Kitchener,Ontario, and Pioneer, Ohio.

Dofasco Inc, headquartered inHamilton, Ontario, acquired Power-lasers as a 100% subsidiary in May2000 as part of its “Solution In Steel”strategy. Dofasco trades on theToronto Stock Exchange under theDFS symbol.

NSERC ResearchersPowerlasers was established by Dr. WaltDuley, a University of Waterloo profes-sor of physics specializing in laser technology. Dr. Duley has receivedNSERC Discovery, CollaborativeResearch and Development, andResearch Tools and InstrumentsGrants.

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Products or ServicesPrescient NeuroPharma is a Van-couver-based drug development com-pany specializing in small moleculetherapeutics targeting major centralnervous system conditions, such asanxiety disorders, neuroprotectionduring ischemia and neurodegenera-tive diseases.

PRE703, Prescient’s lead candidate, isa competitive metabotropic glutamatereceptor (mGluR) antagonist at the pre-clinical stage showing in vivo efficacy foranxiety and neuroprotection with mini-mal side effects and toxicology profiles.Prescient’s medicinal chemistry teamhas developed a focused library of 60small molecule new chemical entitiestargeting mGluRs covering seven chem-ical classes. The company has obtainedin vivo data indicating efficacy of manyof these compounds for anxiety disor-ders and neuroprotection.

Prescient’s first drug candidate,Anhydrovinblastine (AVLB), a third-generation chemotherapeutic agent, hascompleted a Phase I, single centre, openlabel, non-randomized, dose findingsafety and tolerance study. Based on its

mechanism of action and pre-clinicaldata, Prescient NeuroPharma believesthat AVLB may have significant utility inthe treatment of breast, non-small celllung, cervical and colon cancer as well as non-Hodgkins lymphoma. AVLB is currently licensed to KeryxBiopharmaceuticals (formerly ACCESSOncology Inc.).

NSERC ResearchersPrescient NeuroPharma’s cancer drug,Anhydrovinblastine (AVLB), is basedon research conducted by Dr. JamesKutney when he was a chemistry professor at the University of BritishColumbia. NSERC has supported his research through Discovery,Strategic Project, Research Tools andInstruments, and Industrially OrientedResearch Grants.

Prescient NeuroPharma Inc.President and Chief Executive Officer: Leanne Bate2386 East Mall, Suite 307, Vancouver, British Columbia V6T 1Z3Tel.: (604) 822-3503 Fax: (604) 822-3506E-mail: info@prescientneuropharma.com

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 4YEAR INCORPORATED: 1992STOCK MARKET LISTING: TSX: PNOINDUSTRIAL SECTOR: Pharmaceuticals/BiotechnologyWEB SITE: www.prescientneuropharma.com

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WEB SITE: www.ppic.comProducts or ServicesThe Pressure Pipe InspectionCompany (PPIC) is a privately heldcompany that provides critical infor-mation about crucial assets. The com-pany evaluates the condition of watertransmission systems utilizing a suiteof unique and patented techniques topinpoint damaged sections of pipe.Water supply system operators usethis information to make informedasset management decisions. Thisoften means that they can selectivelyrehabilitate individual pipe – andavoid the enormous cost of completepipeline replacement.

PPIC has used a variety of non-destructive testing methods to evalu-ate approximately 4,000 km worth ofwater transmission mains.

NSERC ResearchersThe Pressure Pipe InspectionCompany (PPIC) was founded by professor David Atherton and Dr. Brian Mergelas. Dr. Mergelas,president of PPIC and a former student of Professor Atherton,received NSERC Industrial ResearchFellowships. Professor Atherton, aprofessor of engineering physics andthe head of the Applied MagneticsGroup at Queen’s University, led thedevelopment of the inspection tech-nology used by PPIC. His research hasbeen supported by NSERC Discovery,Cooperative Activities, CollaborativeResearch and Development, andStrategic Project Grants.

Pressure Pipe Inspection Company Ltd.President and Chief Executive Officer: Dr. Brian Mergelas4700 Dixie Road, Mississauga, Ontario L4W 2R1 Tel.: (905) 624-1040 Fax: (905) 624-4777E-mail: info@ppic.com

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 40YEAR INCORPORATED: 1997STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Engineering and Scientific Services

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Products or ServicesImproved efficiency of industrialprocesses is the goal of ProcessSimulations Ltd. (PSL), a Universityof British Columbia start-up com-pany. The company’s initial focus hasbeen “black liquor” recovery boilers, amajor bottleneck in the kraft paperindustry. These boilers burn theorganic black liquor by-product of thepulp to generate energy and to recyclethe inorganic component into thepulping cycle. Even small improve-ments in efficiency result in increasedproduction at the mill.

Since its formation, PSL hasexpanded its modelling to includepower boilers and biomass fuel boil-ers. PSL is also modelling other equip-ment, e.g., kilns, headboxes, digesters,cement kilns and gasification pro-cesses. The company is currentlydeveloping a simulator that allows forthe visualization, training and optimi-zation of processes.

NSERC has played a key role withPSL in enabling research to be con-ducted at the University of BritishColumbia. In turn, the technologythat results from this effort quicklymoves into industry, enabling PSL totackle new and novel applications.

NSERC ResearchersPSL was founded by Drs. MarthaSalcudean and Ian Gartshore of theUniversity of British Columbia. Amechanical engineering ProfessorEmeritus, Dr. Salcudean is a recog-nized expert in industrial flow model-ling currently serving as PSL’s presi-dent. Dr. Gartshore, also a ProfessorEmeritus in the mechanical engineer-ing department at UBC, serves asPSL’s vice president. Dr. Gartshore is aresearcher in the area of recovery boil-er modeling, aerodynamics and tur-bulence. His areas of expertise includefluid mechanics, turbulence, windengineering, film cooling, recoveryboilers and computational fluiddynamics. Drs. Salcudean andGartshore founded PSL to apply theprocess models to the industry. Theyhave received Discovery, and ResearchTools and Instruments Grants fromNSERC for over 10 years.

Process Simulations Ltd.President: Dr. Martha Salcudean2386 East Mall, Suite 206, Vancouver, British Columbia V6T 1Z3Tel.: (604) 822-1490 Fax: (604) 822-1934E-mail: info@psl.bc.ca

ANNUAL REVENUE: $550,000NUMBER OF EMPLOYEES IN CANADA: 7YEAR INCORPORATED: 1994STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Engineering and Scientific ServicesWEB SITE: www.psl.bc.ca

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Products or ServicesQLT is a global biopharmaceutical com-pany specializing in developing treat-ments for cancer, eye diseases, and derma-tological and urological conditions. Thecompany has combined its expertise inthe discovery, development, commercial-ization and manufacture of innovativedrug therapies with unique technologyplatforms to create highly successfulproducts such as Visudyne® and Eligard®.

The first bio-pharmaceutical treatmentfor wet age-related macular degeneration(AMD), Visudyne is one of the most suc-cessfully launched ophthalmology prod-ucts. It has been approved for the treat-ment of predominantly classic AMD inover 70 countries and has been approvedin over 55 countries for the treatment ofother eye diseases. Visudyne is marketedthrough an alliance with NovartisOphthalmics.

Recently, QLT acquired AtrixLaboratories, Inc., now renamed QLTUSA, Inc., part of QLT’s aggressiveapproach to building its pipeline. Thisdeal adds several commercial products toQLT’s portfolio, including Eligard® forthe palliative treatment of advancedprostate cancer. QLT also now has accessto the Atrigel® sustained drug deliveryplatform, a unique technology which isbeing used with Eligard as well as otherproducts currently in development.

NSERC ResearchersQLT’s focus in photodynamic therapy isfounded on the research of ProfessorEmeritus Julia Levy and chemistry profes-sor David Dolphin, both from theUniversity of British Columbia (UBC).Drs. Dolphin and Levy first obtained anNSERC Strategic Project Grant in the mid-1980s to explore the commercial potentialof the drug Benzoporphyrin Derivative(BPD). Dr. Julia Levy has served in severalkey senior posts at QLT,including chief sci-entific officer and vice president, as well aspresident and chief executive officer from1995 to February 2002 and now serves asexecutive chairman of QLT’s scientificadvisory board. She was appointed anOfficer of the Order of Canada in 2001and, in her honour, the Julia G. LevyProfessorship in Ophthalmology Chairwas created at the Johns Hopkins HospitalWilmer Eye Institute in 2004. Throughouther tenure at UBC, Dr. Levy receivedStrategic Project, Discovery, andCollaborative Research and DevelopmentGrants from NSERC.

Dr. David Dolphin holds theNSERC/QLT Industrial Research Chair inPhotodynamic Technologies at UBC andis the vice president for technology devel-opment at QLT. His research in bio-organic and bio-inorganic chemistry hasbeen supported by NSERC StrategicProject, Discovery, CollaborativeResearch and Development, and ResearchTools and Instruments Grants since 1978.In 2004, Dr. Dolphin received the NSERCAward of Excellence.

QLT Inc.President: Paul J. Hastings887 Great Northern Way, Vancouver, British Columbia V5T 4T5Tel.: (604) 707-7000 Fax: (604) 707-7001E-mail: corpcomm@qltinc.com

ANNUAL REVENUE: $182,790,000 (2004)NUMBER OF EMPLOYEES IN CANADA: 384 (2004)YEAR INCORPORATED: 1981STOCK MARKET LISTING: Nasdaq: QLTI TSX: QLTINDUSTRIAL SECTOR: Pharmaceuticals/BiotechnologyWEB SITE: www.qltinc.com

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Products or ServicesQuantic EMC has an impressive clientlist, including Johnson Controls,Siemens, Boeing, Cisco and AppleMicrosystems. These companies cometo Quantic for its simulation softwarefor high-speed electronics systems.The software simulates system condi-tions under high-speed switchingconditions. It predicts faults withinthe systems that need to be diagnosedand corrected when designing digitalcircuits. It also identifies electromag-netic emissions from equipment (thereason passengers are asked to turn offtheir laptop computers upon aircrafttakeoff and landing). The bottomline? A substantial reduction in thetime and money spent on prototypesand a reduction of time to market,particularly in light of internationalemission standards. Quantic’s princi-pal product is Omega PLUS, soon tobe called Compliance®.

NSERC ResearchersThe founder and president of QuanticEMC is Dr. Alvin Wexler, a ProfessorEmeritus in the Department ofElectrical Engineering at theUniversity of Manitoba. Dr. Wexlerhas received significant fundingthrough NSERC Discovery, andResearch Tools and InstrumentsGrants. His current research onimpedance computer tomography haspotential applications ranging fromlocating buried land mines, to moni-toring the containment of nuclearwastes, to identifying subterraneancontamination, to imaging within thehuman body. Dr. Wexler also holdsinternational patents on Electroscan,an electrical impedance tomography(EIT) device. The EIT algorithm,which he and his students developed,is frequently referred to as the WexlerAlgorithm.

Quantic EMC Inc. President: Dr. Alvin Wexler191 Lombard Avenue, Suite 1103, Winnipeg, Manitoba R3B 0X1Tel.: (204) 942-4000 Fax: (204) 957-1158E-mail: info@quantic-emc.com

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: ConfidentialYEAR INCORPORATED: 1983STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Software and Computer ServicesWEB SITE: www.quantic-emc.com

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Products or ServicesSemiconductor manufacturers havelong measured their components innanometres (a nanometre is one-millionth of a millimetre). Their goal,set by the International TechnologyRoadmap for Semiconductors, is toproduce next-generation semicon-ductors smaller than 100 nanometres,a feat that will increase their perform-ance and reduce manufacturing costs.

Technology, however, has reachedthe limits of miniaturization.Quantiscript, the first nanotechnol-ogy company launched in Quebec,aims to solve this problem with nano-lithography. This process imprintspatterns directly onto an integratedcircuit made out of semiconductormaterial (namely silicon and germa-nium), and improves patterning oflithography masks with the help of anelectron beam.

NSERC ResearchersQuantiscript was created to commer-cialize the nanolithography technol-ogy developed by Dr. Jacques Beauvaisand his students, Drs. DominiqueDrouin and Éric Lavallée. Dr. Beauvais,Quantiscript’s Vice-president, Tech-nology, is a professor in the Depart-ment of Electrical and ComputerEngineering and the director of theCentre de recherche en nanofabrica-tion et nanocaractérisation [centre forresearch in nano-manufacturing andnano-characterization] at the Uni-versité de Sherbrooke. Dr. Beauvais’swork in nanolithography was supported by an NSERC DiscoveryGrant and by Micronet, a Network of Centres of Excellence. Quanti-script’s vice-president, Operations,Dominique Drouin, is an associateprofessor in the Department ofElectrical and Computer Engineeringat the Université de Sherbrooke. Dr.Drouin, a microscopy expert, receivedan NSERC University UndergraduateStudent Research Award.

Quantiscript Inc.President and Chief Executive Officer: Claude Brisson2500, Université Boulevard, Sherbrooke, Quebec J1K 2R1Tel.: (819) 821-7910 Fax: (819) 821-7937E-mail: quantiscript@quantiscript.com

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 12YEAR INCORPORATED: 1999STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Computer, Electronic and Electrical EquipmentWEB SITE: www.quantiscript.com

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Quantum Technology CorporationChief Executive Officer: Dr. Calvin WinterBC Research and Innovation Complex, 3650 Wesbrook MallVancouver, British Columbia V6S 2L2Tel.: (604) 222-5539 Fax: (604) 677-5826E-mail: sales@quantum-technology.com

ANNUAL REVENUE: $1,000,000NUMBER OF EMPLOYEES IN CANADA: 6YEAR INCORPORATED: 1981STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Computer, Electronic and Electrical EquipmentWEB SITE: www.quantum-technology.com

Products or ServicesThis privately held company special-izes in high-technology refrigerationequipment that produces tempera-tures ranging from –196°C (nitrogenand air liquefiers) to –269°C (heliumliquefiers) and below (dilution refrig-erators to –272.9°C. These productsare sold worldwide with excellentmarket acceptance in Canada, Europeand the Middle East. The low-temper-ature scientific equipment is used forrecycling helium and maintainingsuperconducting magnets at operat-ing temperature in medical magneticresonance imaging systems and manyother research applications.

NSERC ResearchersQuantum Technology was co-found-ed by Simon Fraser University physicsgraduate students Dr. Calvin Winterand Ken Myrtle who worked with theguidance and expert assistance of pro-fessor Suso Gygax. Dr. Gygax, aProfessor Emeritus in the Departmentof Physics at Simon Fraser, hasreceived NSERC Discovery, andResearch Tools and InstrumentsGrants for work on low-temperature,solid-state physics and superconduc-tivity. The initial proof of conceptresearch on cryogenic refrigerationsystems, developed by QuantumTechnology, was supported byNSERC. Dr. Calvin Winter receivedNSERC Postgraduate Scholarshipsduring his graduate studies atPrinceton, McGill and Simon Fraseruniversities. Dr. Winter also receivedan NSERC Postdoctoral Fellowship towork with professor Gygax.

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Products or ServicesRecent advances in sensor technologyhave made it possible to monitor atmos-pheric gases and biological processeswith an accuracy and affordability thatwere inconceivable only a few years ago.Qubit Systems has incorporated thesetechnologies into a range of high-qual-ity, integrated products for teaching andresearch in the biological sciences.

The educational arm of QubitSystems concentrates on giving under-graduate students much needed hands-on experience in collecting and manipu-lating experimental data. A QubitSystems educational laboratory packageincludes everything the students need toconduct experiments to illustrateimportant biological principles, or forself-directed original research. Thesepackages are currently in use in over 500educational institutions in more than 50countries.

The research arm of Qubit Systemsconcentrates on pushing the limits ofgas detection technology. Currentresearch products include a differentialoxygen analyzer that offers five times thesensitivity of competing analyzers, andconvenient gas analysis benches for CO2and O2 analysis.

NSERC ResearchersQubit Systems was founded by Dr. David B. Layzell, a professor of biol-ogy at Queen’s University, in partner-ship with two researchers working in hislaboratory, Stephen Hunt and NicholasDowling. The company was set up tocommercialize some of the novel tech-nologies they had developed forresearch and teaching in the biologicaland environmental sciences. Dr. Layzellis a plant physiologist specializing innitrogen fixation; recently he hasfocused his research on biosphere solu-tions to climate change. A formerNSERC Steacie Fellow, Dr. Layzellfounded and now serves as chief execu-tive officer and research director of theBIOCAP Canada Foundation, a nation-al, not-for-profit research foundationthat encourages research into the use ofbiological systems to reduce andsequester greenhouse gases and comple-ment fossil energy sources by buildingstrategic research partnerships acrossthe natural and social sciences, industryand government. Since 2002, NSERChas partnered with BIOCAP to co-funda national research network (FluxnetCanada) and 17 projects under theNSERC Strategic Project GrantsProgram. Dr. Layzell’s own research pro-gram receives support through NSERCDiscovery, and Research Tools andInstruments Grants.

Qubit Systems Inc.President and Chief Executive Officer: Dr. Stephen Hunt4000 Bath Road, 2nd Floor, Kingston, Ontario K7M 4Y4Tel.: (613) 384-1977 Fax: (613) 384-9118E-mail: info@qubitsystems.com

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 7YEAR INCORPORATED: 1995STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Environmental TechnologiesWEB SITE: www.qubitsystems.com

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Products or ServicesRandom Knowledge has created aninnovative platform that providescustomers with the leading-edge solu-tion to information problems, such asdetermining if someone is stealinginformation from their computer;issuing fraudulent credit card orhealth care claims without their per-mission; identifying the demograph-ics of individuals watching television;or whether an e-mail is spam.

The company’s platform technol-ogy can provide mathematically optimal historical, present and future estimates based on patented statisticalalgorithms. The technology is currently being used for networksecurity, fraud detection and targetedadvertising applications.

NSERC ResearchersDr. Michael Kouritzin is the co-founder, president and chief technol-ogy officer at Random Knowledge. Heis also a professor of mathematics at the University of Alberta, the projectleader of the Prediction in InteractingSystems Centre and a researcher at theMathematics of Information Tech-nology and Complex Systems(MITACS), a Network of Centres ofExcellence. Dr. Kouritzin has beenworking in both theoretical and appliedaspects of non-linear filtering for thepast seven years and has introducednovel state-of-the-art methods andalgorithms. His mathematical contri-butions are internationally recognizedand he was awarded the 2001 PacificInstitute for the Mathematical SciencesIndustrial Outreach Prize. NSERC andMITACS contributed to the intellectualproperty that led to the formation ofRandom Knowledge and FastTrackTechnologies, another company co-founded by Dr. Kouritzin. NSERC hasfunded his research with a PostgraduateScholarship, Postdoctoral Fellowshipsand Discovery Grants.

Random Knowledge Inc.President and Chief Technology Officer: Dr. Michael Kouritzin10932 73rd Avenue, Edmonton, Alberta T6G 0C2Tel.: (780) 428-9218 Fax: (780) 665-7013E-mail: info@randomknowledge.net

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 7YEAR INCORPORATED: 2003STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Software and Computer ServicesWEB SITE: www.randomknowledge.net

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Products or ServicesRaylo Chemicals is a custom chemicalmanufacturer serving the pharmaceu-tical and bio-pharmaceutical indus-tries. The company provides researchand chemical process development forthe production of bulk pharmaceuti-cal compounds and advanced inter-mediates used in toxicology studies,clinical trials and commercial sales.Raylo became part of Degussa, aGerman multinational, in 2001.

NSERC ResearchersRaylo Chemicals evolved from R & LMolecular Research, founded by Rayand Leo Lemieux. The late Dr. RayLemieux, who was actively involvedwith the company from 1966 to 1975,was a professor in the Department ofChemistry at the University of Alberta.One of NRC/NSERC’s top-fundedresearchers, his blood antigen workinspired worldwide investigations inimmunology, cancer and AIDSresearch. In 1991, NSERC awarded Dr. Lemieux the first Canada GoldMedal for Science and Engineering,acknowledging his outstanding con-tributions to Canadian research. In1994, he was named a Companion ofthe Order of Canada and in 2004 Dr. Lemieux was inducted posthu-mously into the Canadian Science andEngineering Hall of Fame.

Raylo Chemicals Ltd.President: Matthew Colomb8045 Argyll Road, Edmonton, Alberta T6C 4A9Tel.: (780) 468-6060 Fax: (780) 468-4784E-mail: Not listed

ANNUAL REVENUE: $50,000,000 +NUMBER OF EMPLOYEES IN CANADA: 220YEAR INCORPORATED: 1966STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Pharmaceuticals/BiotechnologyWEB SITE: Not listed

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Products or ServicesSatCon Power Systems Canada is ahigh-technology company thatdesigns, manufactures and serviceselectronic power conversion and con-trol systems. SatCon’s primary activityis manufacturing products for largeindustrial power users and electricalutilities, as well as for a number ofemerging niche markets. SatCon’sproducts enable end users to optimizeperformance in a broad range ofindustrial applications and enhancequality and productivity in the endusers’ process.

SatCon has a first-rate team of elec-tronic and software engineers, and hasdeveloped and proven several impor-tant new products that make it thetechnology leader in its target mar-kets. SatCon’s Power ConditioningSystems use advanced digital controlsdesigned for alternative energy appli-cations, including fuel cells, photo-voltaic arrays (solar), microturbinesand wind turbines. The PowerConditioning Systems are alsodesigned to combine alternative ener-gy generators with advanced energystorage devices such as advanced bat-teries and flywheels to provide anuninterruptible power supply (UPS).

NSERC ResearchersDr. Shashi B. Dewan, the founder ofInverpower Controls (now known asSatCon Power Systems Canada), is aninternationally recognized authorityin the field of power electronic tech-nology. Dr. Dewan is no longerinvolved with SatCon Power SystemsCanada, but continues his researchprogram with the Power Devices andSystems Research Group in theDepartment of Electrical andComputer Engineering at theUniversity of Toronto. Dr. Dewan isresearching power electronics andcontrols, concentrating on the prob-lem of eliminating harmonics thatdistort signals within the power con-version process. His research has beenconsistently supported by NSERCDiscovery, Collaborative Research andDevelopment, Strategic Project, andResearch Tools and InstrumentsGrants since 1979.

SatCon Power Systems Canada Ltd.General Manager: Tony Galbraith835 Harrington Court, Burlington, Ontario L7N 3P3Tel.: (905) 639-4692 Fax: (905) 639-0961E-mail: Not listed

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 65YEAR INCORPORATED: 1980STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Computer, Electronic and Electrical EquipmentWEB SITE: www.satcon.com

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Products or ServicesSatlantic has been in operation since1990, supplying world-class oceano-graphic sensors and systems that aresecond to none in precision and relia-bility. Over the years, the company’scustomers have counted on Satlanticinstrumentation for meeting thedemanding requirements of scientificresearch, calibration of satellites andevaluation of the ocean environment.

By working with research scientistsfrom private and public laboratoriesaround the world, Satlantic has beenable to develop and deliver some ofthe most advanced equipment possi-ble for oceanographic applications. Itsreputation for unsurpassed innova-tion, outstanding product quality andhigh level of customer support haspositioned the company as a leader inthe ocean sciences industry. It has along track record of successful com-mercialization of science and contin-ues to aggressively explore new tech-nologies and applications where itsexpertise can provide new capabilityand increased value to its customers.

Satlantic has significant capacityand capabilities to provide custom

optical and data collection solutions,routine monitoring and assessmentfor coastal and harbour monitoringsolutions, and remote sensing servicesfor satellite image analysis, data dis-semination, collection and retrieval.

The company’s team is made up ofsome of the best scientists, engineersand technologists in the field, attract-ed to Satlantic’s commitment to excel-lence. Its professional engineers havebuilt their careers designing andbuilding sensitive, durable, reliableaquatic and oceanographic researchequipment.

NSERC ResearchersDr. Marlon Lewis created Satlantic in1990 with a line of advanced opticalsystems designed and prototyped atDalhousie University. Dr. Lewis servesas the company’s chief executive offi-cer and chief scientist. He is also aprofessor of oceanography atDalhousie University where he isexamining optical variability in theocean. NSERC supports his researchthrough Collaborative Research andDevelopment, Strategic Project, andDiscovery Grants.

Satlantic Inc.Chief Executive Officer and Chief Scientist: Dr. Marlon LewisRichmond Terminal, Pier 9, 3481 North Marginal RoadHalifax, Nova Scotia B3H 1M5Tel.: (902) 492-4780 Fax: (902) 492-4781E-mail: info@satlantic.com

ANNUAL REVENUE: $3,500,000NUMBER OF EMPLOYEES IN CANADA: 40YEAR INCORPORATED: 1990STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Computer, Electronic and Electrical EquipmentWEB SITE: www.satlantic.com

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Products or ServicesSED Systems provides systems andservices to the international commu-nications industry. SED is a turnkeysupplier, working with customers totailor systems to their operationalrequirements. The company designs,builds, installs and tests the system,assists in developing operating scenar-ios and procedures, provides expertsupport to system commissioning andservice rollout, and offers long-termmaintenance support. Productsinclude satellite gateways, feeder linkstations, telemetry, tracking and com-mand stations, network managementsystems, in-orbit test systems, carriermonitoring systems, and communica-tions equipment. SED also provideslow-volume, high-quality custommanufacturing services to telecom-munication, defence and aviationmarkets in North America.

SED now employs 225 people andserves satellite manufacturers, opera-tors and service providers around theworld. In 1990, SED became a whollyowned subsidiary of CALIANTechnology Ltd., and in 2000 becamea division of CALIAN Ltd.

NSERC ResearchersSED Systems began in 1965 as theSpace Engineering Division of theUniversity of Saskatchewan’sDepartment of Upper AtmosphericPhysics. Following the team’s pioneer-ing research, headed by the late Dr. Balfour Currie, SED designed andconstructed rocket instrumentationfor upper atmospheric studies. Thelate Dr. Alex Kavadas, also an activeresearcher in the division, led SED toincorporation in 1972 and served asthe company’s first president. In the1960s, Drs. Kavadas and Curriereceived NRC funding for their space-related research.

SED Systems – a division of CALIAN Ltd.President: Brent McConnell18 Innovation Boulevard, PO Box 1464, Saskatoon, Saskatchewan S7K 3P7Tel.: (306) 931-3425 Fax: (306) 933-1486E-mail: marketing@sedsystems.ca

ANNUAL REVENUE: $83,942,000 (2004)NUMBER OF EMPLOYEES IN CANADA: 225YEAR INCORPORATED: 1972STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Telecommunications WEB SITE: www.sedsystems.ca

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Products or ServicesCalgary-based SemBioSys Genetics isa biotechnology company focused onthe development, commercializationand production of protein-basedpharmaceuticals and non-pharma-ceutical products based on its plantgenetic engineering skills and propri-etary oilbody-oleosin technologyplatform – the Stratosome™ BiologicsSystem. The company’s two lead phar-maceutical products are insulin and adevelopmental cardiovascular drugcalled Apo AI. The company also has aseries of non-pharmaceutical prod-ucts addressing animal health, indus-trial and human topical markets.

SemBioSys currently has five majorfunded partnership agreements withSyngenta Participations AG, MartekBiosciences Corporation, Lonza, Inc.,Dow AgroSciences LLC and ArcadiaBioSciences, Inc.

NSERC ResearchersSemBioSys Genetics was formed byDr. Maurice Moloney, the company’schief scientific officer, to commercial-ize his research at the University ofCalgary’s Department of BiologicalSciences. Specializing in plant physiol-ogy and cell biology, Dr. Moloney heldan NSERC Industrial Research Chairin Plant Biotechnology. His researchhas been supported by Discovery,Strategic Project, CollaborativeResearch and Development, andResearch Tools and IntrumentsGrants.

SemBioSys Genetics Inc.President and Chief Executive Officer: Andrew Baum2985 23rd Avenue NE, Suite 110, Calgary, Alberta T1Y 7L3Tel.: (403) 250-5424 Fax: (403) 250-3886E-mail: info@sembiosys.com

ANNUAL REVENUE: $1,467,868 (2004)NUMBER OF EMPLOYEES IN CANADA: 40YEAR INCORPORATED: 1994STOCK MARKET LISTING: TSX: SBSINDUSTRIAL SECTOR: Pharmaceuticals/BiotechnologyWEB SITE: www.sembiosys.com

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Products or ServicesService d’Expertise en Matériaux(S.E.M.) is a consulting firm that special-izes in concrete technology. It offersleading-edge expertise in planningrepairs to deteriorated concrete struc-tures, optimization and design of alltypes of concrete mixes, modeling ofchemical and physical concrete deterio-ration processes, projection of the life-span of concrete structures, technicalmanagement and support in disputesand legal claims, and development andexecution of specialized standard andnon-standard testing. S.E.M.’s staff ismade up of experts in civil, physical andmaterials engineering, most of whomhold a master’s degree.

S.E.M. also has a subsidiary, SIMCOTechnologies, which specializes in thedevelopment of software for estimatingthe lifespan of concrete structures. Theunique state-of-the-art technologydeveloped by SIMCO Technologiesmakes it possible to determine the causes of the deterioration of existingstrucures and predict the short- andlong-term behaviour and lifespan of civilengineering structures.

NSERC ResearchersService d’Expertise en Matériaux(S.E.M.) was founded in 1989 by Jacques Marchand and Michel Pigeon.Dr. Marchand is president of S.E.M. and

its subsidiary, SIMCO Technologies, anda professor in the Department of CivilEngineering at Université Laval. Heholds the Canada Research Chair onPredicting the Useful Life of ConcreteInfrastructures. He is also the seniorresearcher and director of the CRIB[concrete infrastructures research cen-tre], which comprises almost 200researchers, research professionals andgraduate students from six Quebec uni-versities. His expertise, particularly in thearea of the chemical deterioration ofconcrete, is recognized the world over.He is active in many international scien-tific organizations and is regularly askedby research groups, universities, busi-nesses and industrial groups to presenthis research findings. He was appointedtechnical expert for the coroner in thepublic inquiry into the du SouvenirBoulevard bridge in Laval, Quebec, andhas served as an expert witness in manyconstruction disputes in California. Hewas brought in as an expert to estimatethe amount of deterioration and lifeexpectancy of a building adjacent to theWorld Trade Center in New York.NSERC has supported his research withDiscovery, Research Tools andInstruments, Strategic Project, andCooperative Research and DevelopmentGrants. In 2005, NSERC awarded Dr. Marchand an E.W.R. SteacieMemorial Fellowship.

Service d’Expertise en Matériaux(S.E.M.) Inc.President: Jacques Marchand1400 Boulevard du Parc-Technologique, Québec, Quebec G1P 4R7Tel.: (418) 656-1003 Fax: (418) 656-6083 E-mail: seminc@sem.qc.ca

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 10YEAR INCORPORATED: 1989STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Engineering and Scientific ServicesWEB SITE: www.sem.qc.ca

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Products or ServicesSigma Analysis & Management is aninnovative alternative investmentmanagement firm that combines aunique blend of math and marketanalysis. Its cutting-edge portfoliotheory and financial mathematicsprovide investment solutions withconsistent returns in all possible mar-ket situations. Sigma distinguishesitself by teaching clients the sciencebehind investment decisions.

Sigma stems from a partnershipcalled Risklab – a joint venturebetween the University of Toronto’sFields Institute for Research inMathematical Sciences, andAlgorithmics. The commercial suc-cess of this research results from anability to group hedge funds – high-return, high-risk assets – into low-risk portfolios. Using mathematicalmodels, funds are pitted against oneanother in a manner that offsetsfinancial volatility. The end result is agroup of 15 to 30 hedge funds worthapproximately $50 million that gen-erate income despite changes in theeconomy.

Financial stability attracts medium-and large-sized companies to Sigma’sreliable quantitative investment tech-niques. One of Canada’s largest pen-sion plans, a chemical company andprivate investors all benefit fromSigma’s services.

In addition to acquiring a solidclient roster from the financial sector,Sigma has tailored its services to thepower industry. The company assistsenergy consumers in electricity riskassessment and management.

NSERC ResearchersDr. Luis Seco, a leading expert infinancial risk management, is thepresident and chief executive officerof Sigma Analysis & Management. Heis also a professor of mathematics anddirector of Risklab at the University ofToronto. Dr. Seco has been instru-mental in developing an internationalnetwork of Risklabs with sites in theUnited States, England, Spain,Germany and Cyprus. Dr. Seco’sresearch has been supported byNSERC Discovery, and Research Toolsand Instruments Grants.

Sigma Analysis & Management Ltd.President and Chief Executive Officer: Dr. Luis Seco222 College Street, Toronto, Ontario M5T 3J1Tel.: (416) 348-9710, ext. 3040 Fax: (416) 348-9704E-mail: info@sigmanalysis.com

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 7YEAR INCORPORATED: 1999STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Software and Computer ServicesWEB SITE: www.sigmanalysis.com

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Products or ServicesSIMCO Technologies, a subsidiary ofService d’Expertise en Matériaux(S.E.M.), specializes in research anddevelopment related to digital modelsfor predicting the short- and long-termbehaviour of civil engineering struc-tures. STADIUM®, the software devel-oped by SIMCO Technologies, is usedprimarily to study problems related tothe durability of concrete structures.The resulting model can be used todetermine the causes of the deteriora-tion of a concrete structure exposed tochemically hostile environments and, ifnecessary, predict the remaining lifespanof the structure. The models developedby SIMCO Technologies have been usedin many insurance claims and other dis-putes in the United States and Canada.SIMCO Technologies’ staff includesexperts in civil, physical and materialsengineering, mathematics and pro-gramming, most of whom hold a mas-ter’s degree or doctorate.

NSERC ResearchersSIMCO Technologies was founded in1989 by Élisabeth Reid and JacquesMarchand. Dr. Marchand is presidentof SIMCO Technologies and its parentcompany, Service d’Expertise enMatériaux (S.E.M.), and a professor in

the Department of Civil Engineering atUniversité Laval. He holds the CanadaResearch Chair on Predicting the UsefulLife of Concrete Infrastructures. He isalso the senior researcher and director ofthe CRIB [concrete infrastructuresresearch centre], which comprisesalmost 200 researchers, research profes-sionals and graduate students from sixQuebec universities. His expertise, par-ticularly in the area of the chemical dete-rioration of concrete, is recognized theworld over. He is active in many interna-tional scientific organizations and is reg-ularly asked by research groups, univer-sities, businesses and industrial groupsto present his research findings. He wasappointed technical expert for the coro-ner in the public inquiry into the duSouvenir Boulevard bridge in Laval,Quebec, and has served as an expert wit-ness in many construction disputes inCalifornia. He was brought in as anexpert to estimate the amount of deteri-oration and life expectancy of a buildingadjacent to the World Trade Center inNew York. NSERC has supported hisresearch with Discovery, Research Toolsand Instruments, Strategic Project, andCooperative Research and DevelopmentGrants. In 2005, NSERC awarded Dr. Marchand an E.W.R. SteacieMemorial Fellowship.

SIMCO Technologies Inc.President: Jacques Marchand1400 Boulevard du Parc-Technologique, Suite 203, Québec, Quebec G1P 4R7Tel.: (418) 656-0266 Fax: (418) 656-6083E-mail: info@simcotechnologies.com

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 17YEAR INCORPORATED: 1997STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Engineering and Scientific ServicesWEB SITE: www.simcotechnologies.com

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Products or ServicesSimulent provides engineering solu-tions for fluid and thermal systems.The company’s Computational FluidDynamics (CFD) software provides3D simulations of a wide variety offluid flows, heat transfer and phasechanges. Simulent’s CFD products arecapable of simulating three-dimen-sional free surface flows with largesurface deformation, surface mergingand surface breaking.

Simulent’s CFD software can beapplied to sprays and multiphaseflows, materials processing, combus-tion and pollution assessments, ther-mal plasma technologies, inkjet print-ing, and environmental technologies.

NSERC ResearchersDr. Javad Mostaghimi is a mechanicaland industrial engineering professorat the University of Toronto anddirector of the Centre for AdvancedCoating Technologies at the same uni-versity. He is also the vice-dean ofresearch and graduate studies andholds a Canada Research Chair inAdvanced Coatings. Dr. Mostaghimiis a leader in the fields of thermalspray and plasma processing. NSERCDiscovery, Collaborative Research andDevelopment, and Research Tools andInstruments Grants helped developthe CFD software commercialized bySimulent.

Simulent Inc.Chairman: Dr. Javad Mostaghimi203 College Street, Suite 302, Toronto, Ontario M5T 1P9Tel.: (416) 979-5544 Fax: (416) 979-5519E-mail: ask@simulent.com

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 5YEAR INCORPORATED: 2000STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Software and Computer ServicesWEB SITE: www.simulent.com

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Products or ServicesSiXtron Advanced Materials is a lead-ing-edge developer of nanocrystallinethin films used mainly by the semi-conductor and electronic devicesindustries, as well as by the electronicsand industrial coating industries.

The company has developed aunique process for producing a portfo-lio of silicon-based thin film materials.SiXtron’s lead material is nanocrys-talline silicon carbide (n-SiC).

By means of the company’s propri-etary patent pending Polymer-SourceChemical Vapour Deposition (PS-CVD) technology, SiXtron depositssemiconductor or ceramic thin filmson various substrates for applicationsin high performance electronicdevices, optoelectronic devices, solarcells and numerous coating applica-tions. SiXtron’s proprietary technol-ogy combines the availability ofaffordable, high-density, solid poly-meric sources currently used for theindustrial synthesis of bulk siliconcarbide in the manufacturing of auto-motive parts, fibres, and ceramic infu-sion, for example, with the high qual-ity of the thin films deposited fromsingle-source gaseous precursors viaclassic CVD processes. SiXtron’s PS-

CVD process offers simultaneouslyhigh deposition rates and superiormaterial properties. The company’sceramic thin films are very well suitedfor a variety of coating applications.

NSERC ResearchersSiXtron Advanced Materials wasfounded by Drs. Mihai Scarlete andCétin Aktik to further a new materialthey created, a silicon carbide thinfilm synthesized from the gaseousprecursors with the highest densityidentified to date, in situ producedfrom a solid inorganic polymer.Dr. Scarlete, SiXtron’s vice-presidentof research, is the lead scientist behindthe company’s leading-edge and disruptive deposition process. He isalso a professor of physical chemistryat Bishop’s University. NSERC hassupported his research with DiscoveryGrants. Dr. Cétin Aktik is SiXtron’svice-president of development and anelectrical engineering professor at the Université de Sherbrooke. Hisresearch has been supported byNSERC Discovery, Research Tools andInstruments, Collaborative Researchand Development, and InfrastructureGrants.

SiXtron Advanced Materials Inc.President and Chief Executive Officer: Dr. Pierre Myrand2100 King Street West, Suite M-70, Sherbrooke, Quebec J1J 2E8Tel.: (514) 995-7368 Fax: (819) 982-2264E-mail: info@sixtron.com

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 4YEAR INCORPORATED: 2003STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Computer, Electronic and Electrical EquipmentWEB SITE: www.sixtron.com

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Products or ServicesSmart Camera Technologies has devel-oped a low-cost technology that usesmultiple cameras and infrared sensorsto track and code people, vehicles orother moving objects. The companyhas built its first prototype for thetransportation sector and is now final-izing development on a second proto-type to be used in healthcare.

The company’s system uses severalintelligent cameras that can be linkedover a wireless and wireline networkto collect, interpret and transmit data,such as trajectory and speed, in realtime. The technology condenses thevideo information so multiple videostreams can be sent over low-band-width wireless networks, thus offeringa low-cost alternative to other smartcamera systems. The company’s cameras also do not need to be recali-brated for each different angle or ifthey are moved by severe weather.

NSERC ResearchersDr. Wael Badawy founded SmartCamera Technologies to further thedevelopment of the intelligent camerasystem he created. He is the compa-ny’s chief technology officer, an asso-ciate professor in the Department ofElectrical and Computer Engineeringat the University of Calgary and anadjunct professor in the Departmentof Mechanical Engineering at theUniversity of Alberta. Dr. Badawy’sresearch interests are in the areas ofVLSI architectures for video applica-tions with low-bit rate applications.Funding for the research that led tothe development of Smart CameraTechnologies was provided in part byMicronet, a Network of Centres ofExcellence, the Canada Foundationfor Innovation, Alberta Science and Research Authority, and NSERC Discovery, Research Tools and Instruments, and TechnologyPartnerships Grants.

Smart Camera Technologies Inc.Chief Technology Officer: Dr. Wael Badawy3535 Research Road NW, Unit 5, Calgary, Alberta T2L 2K8Tel.: (403) 210-8903 Fax: (403) 210-8104E-mail: badawy@smartcamera.ca

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 8YEAR INCORPORATED: 2003STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Computer, Electronic and Electrical EquipmentWEB SITE: www.smartcamera.ca

RESEARCH MEANS BUSINESS

Stantec Inc.President and Chief Executive Officer: Tony Franceschini10160 112th Street, Edmonton, Alberta T5K 2L6Tel.: (780) 917-7000 Fax: (780) 917-7379E-mail: www.stantec.com/contact_us.htm

ANNUAL REVENUE: $520,900,000NUMBER OF EMPLOYEES IN CANADA: 2,548 YEAR INCORPORATED: 1954STOCK MARKET LISTING: TSX: STNINDUSTRIAL SECTOR: Engineering and Scientific ServicesWEB SITE: www.stantec.com

Products or ServicesStantec is a knowledge company thatprovides solutions to infrastructureand facilities projects through value-added professional services and tech-nologies.

One of Stantec’s areas of expertise isin infrastructure management sys-tems, where the company has a signif-icant level of proprietary technology.This proprietary technology had itsgenesis some 20 years ago in theresearch carried out by some of thecompany’s principals and employeeswho specialized in pavement engi-neering, road strength evaluation,driveability and surface condition.

The pavement analysis system pre-dicts which sections of road are mostlikely to deteriorate so that cost-effec-tive maintenance and repairs can betargeted to fix those sections beforeserious problems arise and more cost-ly repairs are needed. This manage-ment system is supported andenhanced by a specialist pavementresearch group that is involved instate-of-the-art research to betterunderstand and improve pavements.

Recognizing a growing need forcomplete infrastructure managementservices for potable water, sanitary,storm water, bridges, roads, right-of-way features, natural gas, etc., Stantec

subsequently added other modules tocomplement the original pavementmanagement system.

NSERC ResearchersStantec’s original pavement manage-ment application is a spin-off ofresearch done at the University ofWaterloo. Stantec’s vice-presidentresponsible for infrastructure man-agement systems, Dr. Matt Karan, andvice-president Dr. Frank Meyer didtheir doctoral theses under Dr. RalphHaas, Distinguished Professor Emeritusin the Department of Civil engineer-ing at the University of Waterloo. Dr.Haas is an expert in transportationengineering and planning, and wasnamed a Member of the Order ofCanada in 1999. He pioneered the sys-tems concept and the development ofengineering technology for managingnetworks of paved roads. His conceptis now used by municipal, provincial,state and federal government trans-portation agencies in North Americaand abroad. Dr. Haas has receivednumerous NSERC Discovery, andStrategic Project Grants for his workon pavement management systems.University of Waterloo graduatesmake up a quarter of the staff workingon Stantec’s infrastructure manage-ment applications.

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Products or ServicesOne of Sybase Canada’s subsidiarieswas formerly known as WATCOMInternational Corporation, a start-upfrom the University of Waterloo. In1994, WATCOM merged withPowersoft Corp, which subsequentlycombined in 1995 with California-based Sybase, Inc., one of the largestglobal independent software compa-nies. Employees from Sybase’s two sub-sidiaries, iAnywhere Solutions Inc. andFinancial Fusion Inc., share the SybaseWaterloo facility, which employs 270people and continues to be a hotbed oftechnological innovation.

Celebrating 20 years of innovation,Sybase enables the Unwired Enterprisefor customers and partners by deliver-ing enterprise and mobile softwaresolutions for information manage-ment, development and integration.The world’s most critical data in com-merce, communications, finance, gov-ernment and healthcare runs onSybase.

NSERC ResearchersMembers of the University ofWaterloo’s Computer Systems Group,headed by Dr. Wes Graham, estab-lished WATCOM, a predecessor ofSybase Canada. The group’s expertiseenabled the WATCOM team to pro-duce innovative software for the edu-cation market. Many faculty of theComputer Systems Group, includingDr. Graham and Dr. Donald Cowan,now a Professor Emeritus in theDepartment of Computer Science,received NSERC support throughDiscovery Grants.

Terry Stepien, the president ofiAnywhere Solutions and SybaseCanada, was also a member of theUniversity of Waterloo’s ComputerSystems Group, where he held anadjunct faculty appointment in theDepartment of Computer Science.

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Sybase CanadaPresident: Terry Stepien445 Wes Graham Way, Waterloo, Ontario N2L 6R2 Tel.: (519) 886-3700 Fax: (519) 747-4971E-mail: investor_relations@sybase.com

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 115YEAR INCORPORATED: 1984STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Software and Computer ServicesWEB SITE: www.sybase.com

RESEARCH MEANS BUSINESS

SynGene Biotek Inc.President: Dr. Santosh MisraPO Box 3075, R-Hut, McKenzie Avenue, Victoria, British Columbia V8W 3W2Tel.: (250) 721-8928 Fax: (250) 477-3995E-mail: smisra@uvic.ca

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 8YEAR INCORPORATED: 1996STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Pharmaceuticals/BiotechnologyWEB SITE: Not listed

Products or ServicesSynGene Biotek is an internationalleader in the creation of broad-spec-trum disease-resistant plants. Thecompany’s pioneering biotechnologyis environmentally friendly and helpsproduce safer, more sustainable foods.

SynGene’s work is based on thedevelopment of proprietary protectintechnology. Recently discovered, pro-tectins are a class of powerful and nat-ural antimicrobial agents occurringwidely in nature as part of what iscalled “innate immunity.” SynGenehas developed methods for structur-ally altering and expressing selectedprotectins in plants in order to pro-duce a variety of disease-resistant pro-totypes. This resilient bio-geneticinnovation can be adopted into flori-cultural, horticultural, animal-feed,and human antibiotics. Applicationsfor this technology include golfcourses free of pesticides, safer toxin-reduced food, and molecularfarming for disease prevention.

SynGene’s plant technology wasperfected in potatoes and is transfer-able to other produce, such as wheat,

corn and soya beans. The company’sability to improve the quantity andquality of crops without the use ofpesticides will benefit global health.

In 2003, SynGene established a sub-sidiary company in Saskatoon,Saskatchewan.

NSERC ResearchersDr. Santosh Misra is an expert ingenetic engineering and plant bio-chemistry and established SynGeneBiotek to commercialize her success-ful gene modification technology.Dr. Misra is a professor in the Depart-ment of Biochemistry and Micro-biology at the University of Victoriaand serves as the company’s president.Her current research involves the molecular genetics of conifers and genetic engineering of crops.Dr. Misra is a member of theCanadian Bacterial Diseases Networkand the Advanced Food MaterialsNetwork, which are both Networks of Centres of Excellence. She hasreceived NSERC Strategic Project,Discovery, and Research Tools andInstruments Grants.

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Products or ServicesSyscor Research & Development specializes in the development of embedded hardware/software systems and distributed softwareapplications. The company’s expertiselies indigital and analog electronics,network communications, real-timesystems, industrial controls and system integration.

NSERC ResearchersSyscor Research & Development wasfounded by Drs. Yury Stepanenko, Pei-Chong Tang and Dale Shpak, and twoformer graduate students, Nick Tzonevand David Sime. Dr. Shpak serves asSyscor’s president and is also anadjunct professor in the Department ofElectrical and Computer Engineeringat the University of Victoria. Hisresearch interests lie in the design andimplementation of communicationsand digital signal processing systemsfor which he has received severalNSERC Discovery Grants. Dr. YuryStepanenko is an Professor Emeritus ofmechanical engineering and was anASI fellow at the University of Victoria.He develops theory and applied meth-ods for adaptive and optimal control ofnonlinear systems and the develop-ment of high-precision actuators andsensors which can be applied to preciserobotics, medical instrumentation andadaptive optics. NSERC has supportedthis research with Discovery andStrategic Project Grants.

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Syscor Research & Development Inc.President: Dr. Dale Shpak1555 McKenzie Avenue, Suite 130, Victoria, British Columbia V8N 1A4Tel.: (250) 361-1681 Fax: (250) 361-1682E-mail: contact@syscor.com

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 6YEAR INCORPORATED: 1999STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Computer, Electronic and Electrical EquipmentWEB SITE: www.syscor.com

RESEARCH MEANS BUSINESS

Techné Knowledge Systems Inc.President: Martin Stanley1 Yonge Street, Suite 1102, Toronto, Ontario M5E 1E5Tel.: (416) 977-3960 Fax: (416) 644-0656E-mail: techne@techne.ca

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 15YEAR INCORPORATED: 1995STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Software and Computer ServicesWEB SITE: www.techne.ca

Products or ServicesTechné Knowledge Systems focuseson legacy software transformationand modernization to help organiza-tions solve business problems.

Techné has developed its flagshipoffering, JConvert/PB – a completesolution to legacy modernization. Byusing JConvert/PB, clients preservethe intellectual capital invested intheir legacy PowerBuilder™ applica-tions, transforming them into equiva-lent Java applications with minimalrisk and guaranteed results.

The company’s list of clientsincludes Royal Bank of Canada,Workplace Safety and InsuranceBoard of Ontario, Weldwood, IBMCanada, IBM Denmark, TorontoTransit Commission and many others.

NSERC ResearchersTechné Knowledge Systems wasfounded by Martin Stanley, the com-pany’s president, Bryan Kramer,Techné’s chief technology officer, andDr. John Mylopoulos, computer sci-ence professor at the University ofToronto. Dr. Mylopoulos’ researchinterests include information model-ling techniques, knowledge based sys-tems, and information system design.His work has been supported byNSERC Discovery, CooperativeActivities, and Collaborative Researchand Development Grants.

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Products or ServicesTekna Systèmes Plasma is a spin-offfrom the Université de Sherbrookewhose mission is to ensure technologytransfer from the university laboratoryto the industrial sector. Tekna special-izes in thermal plasmas and their use insynthesizing and processing materialswith high added value. Industrial appli-cations of the technology includespheroidization, powder densificationand purification, metal and ceramicnanometric powder synthesis, and plas-ma spray coating. These processes havemany applications in the manufactureof electronic materials, e.g., for targetsof thin CVD coating processes, and themanufacture of MLCCs and other elec-tronic components. Plasma-synthesizednanopowders have many other uses,ranging from UV protection (sunscreen) to energy and aerospace appli-cations. Through its specialized servicesand excellent infrastructure, Teknaenables industry the world over to carryout small-scale production at its owndemonstration facilities at power ratesof up to 400 kW and with a productioncapacity of 10 to 100 kg per hour. Teknaalso provides turn-key facilities for bothR&D work in the sector and high-vol-ume production. In the 14 years since itwas founded, Tekna has establisheditself as a world leader, renowned for

the fine quality of its induction plasmatechnology. The company sells its prod-ucts and services and owns industrialproduction facilities in North America,Europe and Asia.

NSERC ResearchersMaher Boulos founded Tekna SystèmesPlasma to market the results of researchcarried out at the Plasma TechnologyResearch Centre (CRTP) of theUniversité de Sherbrooke’s Departmentof Chemical Engineering. Mr. Bouloscontinues to do research in thermalplasma technology with support fromNSERC in the form of a DiscoveryGrant and from the Fonds québécois dela recherche sur la nature et les technolo-gies [Quebec natural and technologicalresearch foundation] and under con-tracts with various companies world-wide. Over a 32-year university career,Maher Boulos supervised or co-super-vised the research of 51 master’s anddoctoral students. He has publishedmore than 150 articles in refereed scien-tific journals and made more than 300presentations at international scientificconferences. He has 16 patents or patentapplications to his credit, many of whichare used in industry. He co-authored areference book on thermal plasmas thatoutlines the basic concepts of thermalplasmas and their applications.

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Tekna Systèmes Plasma Inc.President and Chief Executive Officer: Maher Boulos2935 Industriel Boulevard, Sherbrooke, Quebec J1L 2T9Tel.: (819) 820-2204 Fax: (819) 820-1502E-mail: tekna@tekna.com

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 41YEAR INCORPORATED: 1990STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Chemical Products and MaterialsWEB SITE: www.tekna.com

RESEARCH MEANS BUSINESS

Thermo Dynamics Ltd.Chief Executive Officer: Dr. Peter Allen101 Frazee Avenue, Dartmouth, Nova Scotia B3B 1Z4Tel.: (902) 468-1001 Fax: (902) 468-1002E-mail: solarinfo@thermo-dynamics.com

ANNUAL REVENUE: $800,000NUMBER OF EMPLOYEES IN CANADA: 7YEAR INCORPORATED: 1981STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Engineering and Scientific ServicesWEB SITE: www.thermo-dynamics.com

Products or ServicesThermo Dynamics is a leader in solartechnology. The company sells solar-powered heaters in North America,Europe, Africa and New Zealand. Theheaters reduce domestic water heatingcosts by as much as 65 per cent. Thesystem is non-polluting and uses onlynon-toxic heat transfer solutions in itsdesign. Novel features of the ThermoDynamics solar water heater include ahigh-performance natural convectionheat exchanger, photovoltaic powerpump and metallurgically bondedaluminum-copper solar absorber fins.

NSERC ResearchersThermo Dynamics’ founder is Dr. Peter Allen, a mechanical engi-neering professor at Dalhousie Uni-versity. Dr. Allen has worked in thesolar-energy industry for more than15 years and is a world leader in solartechnology. He has received severalNSERC Discovery Grants. His currentresearch is in thermal and hydraulicperformance of heat exchangers, andsolar thermal energy utilization.

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Products or ServicesTIR Systems was founded inSeptember 1982 to commercializeprism light guide technology, invent-ed at the University of BritishColumbia and operating on the prin-ciple of Total Internal Reflection,hence the name TIR Systems Ltd.

Using its world leadership in LightPipe technology as a starting point, itsmission is to become a world leader insolid state lighting (SSL), based onlight-emitting diodes (LEDs). Thecompany now has a number of SSLproduct ranges which target and com-pete in the architectural and corpo-rate identity markets.

Our high performance architectur-al luminaire range, the Destiny Series,is being applied to building exteriors,bridges, features and spaces wherecontrollable colour-changing light isin demand to increase prominencewithin cityscapes and on skylines ofthe world. Here the global market forarchitectural SSL products in 2007 ispredicted to be US$400 million(based on figures supplied byStrategies Unlimited in Solid StateLighting: Growth Opportunities forHigh Brightness LEDs 2002).

In corporate identity, LED-basedlighting competes with neon onbrightness as well as having compellingenvironmental benefits. The energysavings and reduced maintenancecosts mean that companies trying toincrease the brand recognition oftheir product using lighting can saveexponentially across their sites world-wide. Examples are fast food chainsand petroleum retailers where beingseen and recognized from a distancecan attract potential customers. Theglobal market for SSL in just two typesof signage lighting product is an esti-mated US$575 million in 2007(Navigant Consulting for the USDepartment of Energy).

NSERC ResearchersThe inventor of Light Pipe technol-ogy, Lorne Whitehead, is a professorof physics, Vice President Academicand Provost of the University ofBritish Columbia. Dr. Whiteheadreceived support for the developmentof the Light Pipe prototype throughan NSERC grant. He currently holdsthe 3M/NSERC Industrial ResearchChair in Surface Physics. NSERC sup-ports Dr. Whitehead’s research withStrategic Project, and CollaborativeResearch and Development Grants.

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TIR Systems Ltd.President and Chief Executive Officer: Leonard Hordyk7700 Riverfront Gate, Burnaby, British Columbia V5J 5M4Tel.: (604) 294-8477 Fax: (604) 294-3733E-mail: info@tirsys.com

ANNUAL REVENUE: $30,337,500 (2004)NUMBER OF EMPLOYEES IN CANADA: 122YEAR INCORPORATED: 1982STOCK MARKET LISTING: TSX: TIRINDUSTRIAL SECTOR: TransportationWEB SITE: www.tirsys.com

RESEARCH MEANS BUSINESS

TurboSonic Technologies Inc.Chairman of the Board and Chief Executive Officer: Edward Spink550 Parkside Drive, Suite A14, Waterloo, Ontario N2L 5V4Tel.: (519) 885-5513 Fax: (519) 885-6992E-mail: info@turbosonic.com

ANNUAL REVENUE: $15,000,000NUMBER OF EMPLOYEES IN CANADA: 25YEAR INCORPORATED: 1976STOCK MARKET LISTING: OTCBB: TSTAINDUSTRIAL SECTOR: Engineering and Scientific ServicesWEB SITE: www.turbosonic.com

Products or ServicesTurboSonic has applied its propri-etary technology to a wide variety ofair pollution control problems forindustries such as pulp and paper,wood products, mining, non-ferrousmetallurgical, iron and steel, chemi-cal, waste processing, waste incinera-tion, power generation, and cement.

The TurboVenturi Scrubber is theindustry standard for very high effi-ciency particulate control. TheTurbotak Scrubber removes solid, liq-uid and gaseous contaminants fromprocess exhaust streams at higher effi-ciencies and lower operating coststhan conventional equipment. TheSonicKleen Wet ElectrostaticPrecipitator achieves high energy-effi-ciency sub-micron particulate capture(including heavy metals) at lowerenergy consumption than wet scrub-bing for power boilers, product dry-ers, waste incineration and acidplants. SoniCool Evaporative GasCooling Systems control the tempera-ture and humidity of process gasesand enhance air pollution control effi-ciencies. DryFog Dust SuppressionSystems control dust arising frommaterial handling with TurboSonic

Nozzles. TurboSonic is a leader in dustcontrol thanks to its engineered sys-tems that control virtually all types ofrespirable and larger-sized fugitivedust. These products represent eco-nomic and technical advantages overconventional equipment and aredesigned to meet the strictest emis-sion regulations, including US EPAMACT standards.

NSERC ResearchersTurboSonic was founded as Turbotakby Dr. Donald Spink, a chemical engi-neering professor at the University ofWaterloo, now retired. Turbotak’sresearch has been supported throughseveral Strategic Project, andDiscovery Grants, as well asCollaborative Research andDevelopment Grants with industry.

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Products or ServicesVCom® is a world-leading designerand manufacturer of high quality,state-of-the-art products that enablehigh-speed, on-demand broadbandaccess to cable, wireless and telephonynetworks. Embedded software devel-oped by VCom enables their hardwareproducts to perform multiple complexfunctions. Service providers use the com-pany’s solutions to deliver high-speedInternet, digital video and other band-width-intensive services to residentialand business subscribers. VCom’ssolutions allow service providers to rap-idly and cost-effectively bridge the finalnetwork segment that connects a systemdirectly to end-users.

VCom’s core expertise is radio fre-quency (RF) technology and embeddedsoftware for very high-speed digital sig-nal processing, high-level modulationand RF circuit control. The companydeploys these competencies in threemain markets: Data over Cable andVideo on Demand (VOD). The Dataover Cable products include a family ofupconverters that process data fromrouters and convert it to higher frequen-cies for transmission to subscribers.VCom’s products include transmittersand transceivers that process data fromrouters and transmit it to subscribersover wireless infrastructure. The compa-ny’s products include modulators,

modulator/upconverters, transmodu-lators and a gateway device that trans-ports video streams from central serversand transmits them to subscribers. Theyhave also developed and continue tofocus on developing products to addressemerging markets, such as Voice overInternet Protocol (VoIP) and IP video.

Since its inception in 1988, VCom haslinked cutting-edge research and devel-opment with strategic partnerships toachieve remarkable growth in sales,profit, customer base and personnel. Itsstrength in engineering and manufac-turing is reflected in a large family ofhigh quality, high performance and verycompetitive products that are soldworldwide.

VCom’s head office is located inSaskatoon, Saskatchewan and the com-pany’s Microwave Research Laboratoryand executive office are located inVictoria, British Columbia.

NSERC ResearchersVCom® was founded by Dr. SurinderKumar, a former electrical engineeringprofessor at the University ofSaskatchewan, Dr. Kumar, a recognizedexpert in microwave engineering, hasreceived many NSERC DiscoveryGrants. His latest research involves thestudy of receivers, direct modulators,and linearizers for digital mobile radios,and LMDS and MMDS.

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VCom® Inc.President and Chief Executive Officer: Dr. Surinder Kumar150 Cardinal Place, Saskatoon, Saskatchewan S7L 6H7Tel.: (306) 955-7075 Fax: (306) 955-9919E-mail: generalinfo@vcom.com

ANNUAL REVENUE: $44,000,000NUMBER OF EMPLOYEES IN CANADA: 466YEAR INCORPORATED: 1988STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Telecommunications WEB SITE: www.vcom.com

RESEARCH MEANS BUSINESS

VEMAX Management Inc.Chief Executive Officer: Ray GerkeInnovation Place, 15 Innovation Boulevard, Suite 209Saskatoon, Saskatchewan S7N 2X8Tel.: (306) 668-2828 Fax: (306) 668-7603E-mail: saskatoon@vemax.com

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 15YEAR INCORPORATED: 1994STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Software and Computer Services

WEB SITE: www.vemax.comProducts or ServicesVEMAX Management, part of theVEMAX group, is located inSaskatoon, Saskatchewan, with officesin Winnipeg, Manitoba, Edmonton,Alberta, and Sydney and Melbournein Australia. VEMAX assists all levelsof government to improve their effi-ciency, effectiveness and accountabili-ty. VEMAX provides training, soft-ware, business process design, as wellas ongoing support and consultingservices in the application of the prin-ciples of asset management to publicsector infrastructure assets. VEMAX’sservices include using the company’siBOS (Infrastructure BudgetingOptimization System) software. TheiBOS system gathers the many detailsof infrastructure management undera single umbrella, thus providing areview of a client’s business processesand assessing their ability to deliveroptimal infrastructure preservationstrategies.

VEMAX has worked with theCanadian Strategic Highway ResearchProgram as well as many highway andcity engineering departments to findmore cost-effective ways of rehabili-tating pavements as Canada’s high-ways reach the end of their first lifecycles. VEMAX uses performancemodelling, which predicts how pave-ments will perform under variousmaintenance and rehabilitationstrategies.

NSERC ResearchersDr. Gordon Sparks and Ray Gerkejoined forces in 1994 to form VEMAXManagement. Dr. Sparks managed thecompany’s R&D division until hisrecent appointment as vice-presidentof business development. Dr. Sparks isa professor of civil engineering at theUniversity of Saskatchewan. NSERChas supported Dr. Sparks’ researchwith Collaborative Research andDevelopment, Discovery, andStrategic Project Grants.

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Products or ServicesVirtek Vision International is a lead-ing provider of precision laser-basedtemplating, inspection, marking andengraving solutions for industrialmaterial processing. Virtek serves cus-tomers in the prefabricated construc-tion, transportation, metalworking,tool and die, and mold making indus-tries, worldwide. The company’s solu-tions enable customers to producetheir products faster, better and at alower cost. The majority of Virtek’ssales are in the United States andEurope.

Virtek maintains offices in Waterloo,Ontario; Boston, Massachusetts;Lüdenscheid and Nürnberg, Germany;and Ebina City, Kanagawa, Japan.

NSERC ResearchersUniversity research by two of VirtekVision International’s founders,Dr. Andrew Wong and Dr. MohamedKamel, has been supported by NSERCDiscovery, Strategic Project andResearch Tools and InstrumentsGrants. Dr. Wong is ProfessorEmeritus and chairman of PAMI(Pattern Analysis and MachineIntelligence Laboratory) in theDepartment of Electrical and Com-puter Engineering at the University ofWaterloo. Dr. Mohamed Kamel is professor and PAMI director in theDepartment of Electrical and Com-puter Engineering at the University of Waterloo. Dr. Kamel also holds the Canada Research Chair inCooperative Intelligent Systems.

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Virtek Vision International Inc.President and Chief Executive Officer: Bob Sandness785 Bridge Street, Waterloo, Ontario N2V 2K1Tel.: (519) 746-7190 Fax: (519) 746-3383E-mail: info@virtek.ca

ANNUAL REVENUE: $50,274,000NUMBER OF EMPLOYEES IN CANADA: 166YEAR INCORPORATED: 1986STOCK MARKET LISTING: TSX: VRKINDUSTRIAL SECTOR: Computer, Electronic and Electrical EquipmentWEB SITE: www.virtek.ca

RESEARCH MEANS BUSINESS

Vivosonic Inc.President and Chief Executive Officer: Dr. Yuri Sokolov56 Aberfoyle Crescent, Suite 620, Toronto, Ontario M8X 2W4Tel.: (416) 231-9997 Fax: (416) 231-2289E-mail: vivo@vivosonic.ca

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 12YEAR INCORPORATED: 1999STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Medical Devices and InstrumentationWEB SITE: www.vivosonic.com

Products or ServicesVivosonic develops and manufacturesnovel medical devices. The company’sproducts offer health care profession-als diagnostic solutions with high-quality, user-friendly instrumentsbased on the most advanced comput-er, signal processing and communica-tions technologies.

The company has developedVivography™ to detect and assesshearing deficiencies. The non-invasiveprocedure is a digital signal processingmethodology that extracts physiologi-cal signals from noise.

Vivosonic has also developed theVivoScan, an Otoacoustic Emission(OAE) audiometer. The ear probecontaining two miniature micro-phones and two speakers sends tonesor clicks in the patient’s ear and thendetects sounds (OAE’s) coming backfrom the ear, and analyzes and dis-plays them on a notebook computer.

In 2005, the U.S. Food and DrugAdministration (FDA) and HealthCanada approved Vivosonic’s newesttechnology, Integrity™, the world’sfirst and only wireless objective hear-ing-assessment system. In addition toOAEs, it records electrical responsesfrom the hearing system – AuditoryBrainstem Response (ABR) and

Auditory Steady State response(ASSR). Novel techniques result invery clear, fast and easy-to-interpretresponses, even in environments withsignificant electromagnetic interfer-ences. The mobility offered byIntegrity™ will be particularly benefi-cial for paediatric applications andpractitioners monitoring hearing inoperating rooms, and has the poten-tial for other medical applications.

NSERC ResearchersAs an adjunct professor at theInstitute of Biomaterials andBiomedical Engineering at theUniversity of Toronto, Dr. YuriSokolov co-developed Vivography™and co-founded Vivosonic to com-mercialize this technology. He nowserves as Vivosonic’s president andchief executive officer. An NSERCgrant in 1996 funded the research thatled to the development of theVivography™ technology and the creation of Vivosonic.

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Products or ServicesVoiceAge is recognized as the worldleader in the development and dis-semination of speech and audio com-pression technologies at the conver-gence of wireless and wired networks.Designed to run on the company’spatented ACELP® technology plat-form, VoiceAge’s technologies andsolutions offer unsurpassed audioquality in terms of both internationalstandards and proprietary applica-tions experienced daily by more thantwo billion users around the world.ACELP® is the foundation for the lowbit rate speech and audio codecs incellular and wired communications,consumer electronic products andInternet applications.

Financed and marketed primarilyby VoiceAge, a strategic partner of theUniversité de Sherbrooke, the patent-ed technology platform ACELP® hasto date generated more than 400patents that are included in 15 inter-national communication standards:GSM EFR (ETSI), PCS 1900, IS136(TIA, North American TDMA), IS 95(TIA, North American CDMA),TETRA (ETSI), G.729 (ITU-T),G.723.1 (ITU-T), AMR (AdaptiveMulti-Rate) narrowband (ETSI and

3GPP), AMR-WB (3GPP), G.722.2(ITU-T), MPEG-4 CELP Audio(ISO), PDC-EFR (ARIB-Japan),VMR-WB (3GPP2) and, more recently, AMR-WB+ (3GPP).

As licensing administrator,VoiceAge represents and also managesa number of patent pools for holdersof those patents, such as Nokia andEricsson. The patent pools were creat-ed in order to use licensing as a way tofacilitate the marketing of patentportfolios that are essential to the useof certain telecommunications stan-dards on fair, reasonable, non-dis-criminatory terms.

NSERC ResearchersResearchers Jean-Pierre Adoul,Claude Laflamme, Redwan Salami,Bruno Bessette, Roch Lefebvre andMilan Jelinek of the Université deSherbrooke’s speech and audioresearch group are the main inventorsof the ACELP® technology platform.Since 1995, with its strategic partnersSipro Lab Telecom and VoiceAge, thisinternationally renowned researchgroup has received financial supportfrom NSERC through various grantprograms that support university-industry partnerships.

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VoiceAge CorporationVice-President, Research and Development: Redwan Salami750 Lucerne Road, Suite 250, Montréal, Quebec H3R 2H6Tel.: (514) 737-4940 Fax: (514) 908-2037E-mail: redwans@voiceage.com

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 40YEAR INCORPORATED: 1999STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Communication and Telecommunication ProductsSITE WEB: www.voiceage.com

RESEARCH MEANS BUSINESS

Western Ag Innovations Inc.President: Ken Greer411 Downey Road, Suite 3, Saskatoon, Saskatchewan S7N 4L8Tel.: (306) 978-1777 Fax: (306) 978-4140E-mail: westernag@westernag.ca

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 5YEAR INCORPORATED: 1994STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Agriculture, Forestry and FishingWEB SITE: www.westernag.ca

Products or ServicesWestern Ag Innovations manufacturesand distributes the Plant RootSimulator probe (PRS™-probe) to dis-cover the dynamic nutrient supply ofsoil. Customers ranging from farmersto research scientists use the PRS™-probes to know the exact soil nutrientsupply of their research sites or farm-land. The PRS™-probe consists of anion exchange membrane, a small stripof translucent material that containseither a positive or negative charge.The membrane attracts minerals ofthe opposite charge as they are cycledthrough the living soil. A one-daymeasurement with the PRS™-probe isthen downloaded to a powerful soft-ware tool called the PRS™ Forecaster.Farmers use this tool to predict if thesoil supply can meet the plants’demands for a particular set of grow-ing conditions. Using the PRS™ tech-nology, fertilizer nutrients are morejudiciously applied since the balanceof soil nutrients required can bematched to crop demand.

PRS™ technology can be used tomeasure levels of some herbicides andpesticides, as well as other importantorganic ions. It has also proven to be auseful tool for monitoring industrialpollution, such as soil contaminationaround oil fields.

Western Ag Labs was created todeliver PRS™ technology directly tothe farmers. This company also pro-vides nutrient forecasting and cropnutrition planning by testing soilsamples, and using soil maps andsatellite imaging to find the right fer-tilizer blend for each farm.

NSERC ResearchersKen Greer, president of Western AgInnovations, is a former associate inDr. Jeff Schoenau’s research program.Mr. Greer founded the company tocommercialize Dr. Schoenau’sresearch into the Plant RootSimulator. Dr. Schoenau is a researchscientist and professor in theDepartment of Soil Science at theUniversity of Saskatchewan. He is alsoa working farmer with 1,200 acres ofland near Central Butte,Saskatchewan, where he uses the PlantRoot Simulator regularly. NSERCsupported some of Dr. Schoenau’searly research on the Plant RootSimulator technology with aCollaborative Research andDevelopment Grant. Western AgInnovations and Dr. Jeff Schoenauwon an NSERC Synergy Award forInnovation in 2004 for their work onthe Plant Root Simulator.

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Products or ServicesWestport Innovations is the leadingdeveloper of technologies that allowengines to operate on clean-burningfuels such as natural gas, hydrogenand hydrogen-enriched natural gas(HCNG). Westport has technologydevelopment alliances in place withFord, MAN, BMW and Isuzu, and anownership interest in Clean Energy,the largest provider of vehicular natu-ral gas in North America.

Cummins Westport, a joint ventureof Cummins (NYSE:CMI) andWestport Innovations (TSX:WPT),manufactures and sells the world’swidest range of low-emissions alter-native fuel engines for commercialtransportation applications such astrucks and buses. Cummins is a glob-al power leader in engines, electricalpower generation systems and relatedtechnologies. More information onthis venture can be found atwww.cumminswestport.com.

NSERC ResearchersDr. Philip Hill is a Professor Emeritusin the Department of MechanicalEngineering at the University ofBritish Columbia. A specialist in com-bustion, his research has been sup-ported by NSERC Discovery, StrategicProject, and Research Tools andInstruments Grants. His technologywas licensed in 1994, resulting in theformation of Westport Innovations.

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Westport Innovations Inc.Chief Executive Officer: David Demers1700 West 75th Avenue, Suite 101, Vancouver, British Columbia V6P 6G2Tel.: (604) 718-2000 Fax: (604) 718-2001E-mail: info@westport.com

ANNUAL REVENUE: $32,400,000 (December 2004)NUMBER OF EMPLOYEES IN CANADA: 140YEAR INCORPORATED: 1995STOCK MARKET LISTING: TSX: WPTINDUSTRIAL SECTOR: Environmental TechnologiesWEB SITE: www.westport.com

RESEARCH MEANS BUSINESS

Wi-LAN Inc.President and Chief Executive Officer: William Dunbar2891 Sunridge Way NE, Calgary, Alberta T1Y 7K7Tel.: (403) 273-9133 Fax: (403) 273-5100E-mail: info@wi-lan.com

ANNUAL REVENUE: $25,336,000NUMBER OF EMPLOYEES IN CANADA: 160YEAR INCORPORATED: 1992STOCK MARKET LISTING: TSX: WININDUSTRIAL SECTOR: TelecommunicationsWEB SITE: www.wi-lan.com

Products or ServicesWi-LAN is a global provider of broad-band wireless communications prod-ucts and technologies, offering busi-nesses, including telecom serviceproviders and government enterpriseseffective, economic and secure wirelesshigh-speed communications solutions.Wi-LAN specializes in high-speedInternet access, data network exten-sion, wireless Voice-over-IP, and wire-less data and telephony backhaul, uti-lizing its high quality products andindustry-leading technologies.

Wi-LAN believes its portfolio ofpatents, including its core W-OFDMpatents and 17 patents and patentapplications acquired from EnsembleCommunications in May 2004, arenecessary for the implementation ofdevices using the IEEE 802.16WirelessMAN™ Standard and theETSI BRAN HiperMAN™ standard(the WiMAX Forum™ standards). Aswell, Wi-LAN’s W-OFDM patents arebelieved to be required for the imple-mentation of devices using the IEEEstandards 802.11a and 802.11g (thesecond generation Wi-Fi Alliance™standards), and the ETSI BRANHiperLAN/2™ standard. Wi-LANlicenses its patented technology andhas executed non-exclusive W-OFDMlicense agreements with semiconduc-tor and broadband wireless equipmentcompanies.

Wi-LAN is the chair company ofthe OFDM Forum and a charter member of the WiMAX Forum™(www.wimaxforum.org).

NSERC ResearchersWi-LAN was founded by Drs. HatimZaghloul and Michel Fattouche afterthe long-time friends developed a newwireless technology called Wide-BandOrthogonal Frequency DivisionMultiplexing (W-OFDM). The part-ners negotiated for patent rights withAGT Ltd. (now TELUS Corp.), whereDr. Zaghloul was working as a seniorresearcher. Drs. Zaghloul andFattouche hold two joint patents aswell as individual patents for leading-edge technological breakthroughs.Dr. Zaghloul currently serves as a Wi-LAN board member. Dr. Fattoucheis an officer of Cell-Loc, another company that he and Dr. Zaghloulfounded. He is a dedicated researcherand associate professor in the Depart-ment of Electrical and ComputerEngineering at the University ofCalgary. A former NSERC seniorindustrial fellow, Dr. Fattouche’sresearch was supported by NSERCDiscovery Grants. Dr. Zaghloul was therecipient of an NSERC PostgraduateScholarship.

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Products or ServicesIn the past few years, wildlife man-agers, game farmers, breeders andresearchers involved in populationand conservation studies haveexpressed a growing need for com-mercial DNA fingerprinting. WildlifeGenetics International’s superiorwildlife genetic analysis provides thesegroups with DNA extractions,microsatellite genotyping, speciestesting, gender analysis, identityanalysis and raw databases of results.

Most of Wildlife Genetics’ workinvolves bears. The company esti-mates the size of bear populations bymeans of mark-recapture methodsthat use small samples of hair collect-ed from sites, which are then subject-ed to DNA analysis. The technology isused in a wide range of applicationsfrom basic research and environmen-tal impact assessments to wildlifeforensics.

NSERC ResearchersWildlife Genetics International wasco-founded by Dr. Curtis Strobeck, aprofessor of biological science at theUniversity of Alberta. Dr. Strobeck,who also serves as a scientific advisorat Wildlife Genetics, is an internation-ally recognized DNA forensics andconservation geneticist. An NSERCDiscovery Grant helped support Dr. Strobeck’s research into geneticmarkers. The development of bearand elk genotyping was carried out bytwo students, David Paetkau andRenée Polziehn, as part of their grad-uate research. Dr. Paetkau held anNSERC Postgraduate Scholarship andan NSERC Postdoctoral Fellowship atthe University of Queensland inAustralia. Dr. Polziehn, now the out-reach director for the Faculty ofGraduate Studies and Research at theUniversity of Alberta, received anNSERC Undergraduate StudentResearch Award and a PromoSciencegrant for outreach activities aimed atelementary and secondary students.Dr. Strobeck’s research has been sup-ported by Discovery, CollaborativeResearch and Development, andResearch Tools and InstrumentsGrants for over 20 years.

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Wildlife Genetics International Inc.President: Dr. David PaetkauPO Box 274, Nelson, British Columbia V1L 5P9Tel.: (250) 352-3563 Fax: (250) 352-3567E-mail: info@wildlifegenetics.com

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 9YEAR INCORPORATED: 1998STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Pharmaceuticals/BiotechnologyWEB SITE: www.wildlifegenetics.com

RESEARCH MEANS BUSINESS

ZENON Environmental Inc.Chairman and Chief Executive Officer: Dr. Andrew Benedek 3239 Dundas Street West, Oakville, Ontario L6M 4B2 Tel.: (905) 465-3030 Fax: (905) 465-3050E-mail: Not listed

ANNUAL REVENUE: $233,795,000NUMBER OF EMPLOYEES IN CANADA: 850YEAR INCORPORATED: 1980STOCK MARKET LISTING: TSX:ZEN and ZEN.NV.AINDUSTRIAL SECTOR: Environmental TechnologiesWEB SITE: www.zenonenv.com

Products or ServicesZENON Environmental is a worldleader in providing membrane-basedseparation products and services forwater purification, process separationand wastewater treatment, and waterreuse applications. The ZENONgroup of companies operates fromseven locations in North America, sixin Europe, and one each in LatinAmerica, Asia and the Middle East.ZENON’s products and services aremarketed for a variety of municipal,industrial and government applica-tions worldwide through its officesand representatives.

ZENON specializes in ultrafiltra-tion membrane technologies to pur-ify, separate, concentrate or recyclewater and waste. ZENON also usesmany complementary processes suchas ion exchange, adsorption andbiodegradation to satisfy clients’requirements. It has hundreds ofinstallations worldwide that purify,treat or recycle water from municipal-ities and all types of industries. Thecompany also has a large number ofunits that purify water for the armyand the navy.

ZENON’s quality assurance pro-grams meet the highest internationalstandards for the industry. Customersupport is provided by an experiencedservice department and an applica-tion engineering group.

ZENON frequently works in part-nership with its clients to develop newtechnological solutions. The companyalso partners with complementarybusinesses around the world to betterserve its global client base.

NSERC ResearchersZENON Environmental’s founder isDr. Andrew Benedek, a former chem-ical engineering professor atMcMaster University. NSERC sup-ported his early investigations withDiscovery Grants.

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Products or ServicesZoomage, formerly known asTelePhotogenics, specializes in superhigh resolution 360° and 3D digitalimaging hardware and software. Thecompany has recently launched theZoomage3D digital scanner, whichcan generate super high resolution(SHR) texture and wire-frames for 3Dobjects. 3D products are projected tohave a large emerging market in themedical field, computer games andgraphics because of their high qualityand modest cost.

In 2001, Zoomage releasedZoomage360, a digital camera capableof capturing 24-bit colour imageswith up to 216 megapixels covering a360° view. Combined with the com-pany’s proprietary Zoomage™ soft-ware, Zoomage360 provides an effec-tive means for super high resolutioncontent creation and visualization atan affordable price.

Zoomage’s collaborators includeKeeweetinok Lakes Regional HealthAuthority and Silicon Graphics Inc.Different application demos can befound at www.zoomage.com.

NSERC ResearchersDr. Anup Basu, a professor in theDepartment of Computing Science atthe University of Alberta, participatedin the formation of Zoomage, former-ly known as TelePhotogenics. Dr. Basuis currently involved in several collab-orative R&D initiatives ranging frommuseum archiving to 3D medicaldiagnostics. Dr. Basu introduced sev-eral novel concepts and implementa-tions in the computer vision andgraphics area, including high resolu-tion teleconferencing and on-linevisualization systems, panoramicstereo with a single camera, activecamera calibration without point cor-respondence, and seamless integra-tion of three Charge-Coupled Devicesfor 360° and 3D imaging. His researchhas been supported by NSERCDiscovery, Research Tools andInstruments, and CollaborativeResearch and Development Grants.

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Zoomage Inc.Director, Research: Dr. Raymond R.S. Howard10146 – 156th Street, Suite 208, Edmonton, Alberta T5P 4X7Tel.: (780) 414-0628 Fax: (780) 414-0628E-mail: general@zoomage.com

ANNUAL REVENUE: ConfidentialNUMBER OF EMPLOYEES IN CANADA: 10YEAR INCORPORATED: 1996STOCK MARKET LISTING: Not listedINDUSTRIAL SECTOR: Computer, Electronic and Electrical EquipmentWEB SITE: www.zoomage.com

RESEARCH MEANS BUSINESS