TM4 awarded 4M$ grant for the continuous improvement of its product line

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TM4 awarded 4M$ grant for the continuous improvement of its product line

June 2, 2017

MISSISSAUGA, ON, June 2, 2017 /CNW/ TM4 was today awarded a 4M$ grant from the government of Canada for the continuous improvement of its product line and the development of new technologies.

The funding is being allocated through the Automotive Supplier Innovation Program, which supports research and development activities by companies that provide components, parts and production systems for the vehicles of the future. This investment is part of the Government of Canada’s Innovation and Skills Plan, which aims to make this country a global centre for innovation—one that drives economic growth and leads to better skills, jobs and opportunities for all Canadians.

“If Canada is to succeed in making the cars of the future, we must embrace greener, more sustainable technologies. The advanced research and development projects that give rise to these technologies create the well-paying middle-class jobs of the future and challenge today’s auto workers to enhance their skill set. By having a workforce with skills that are in demand and the technologies that will shape the future of the industry, Canada’s auto sector can secure its place in the global supply chain of tomorrow.”– The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development

SOURCE: http://www.newswire.ca/fr/news-releases/canadian-companies-receive-115-million-to-develop-technologies-for-cars-of-the-future-625939214.html

 

About TM4

A wholly owned subsidiary of Hydro-Québec, TM4 designs and manufactures electric motors, generators, power electronics and control systems suitable for the commercial, automotive, marine, mining, rail, motorsports and recreational vehicle markets.  TM4 contributes to the highest possible energy conversion efficiencies thanks to its expertise in permanent magnet motors, thermal management, coil winding, outer-rotor topology, and motor and inverter control algorithms. In addition to its production facilities in Canada and China, TM4 has set-up a worldwide distribution and support network to serve its rapidly expanding global customer base. For more information, visit tm4.com.