Redline Communications gets $14 million in federal funding for industrial 5G project

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CANADIAN PRESS

Redline Communications will receive $14 million in federal funds to design high-speed wireless equipment for use in the mining, utilities and oil and gas sectors.

Funds for Redlineโ€™s 5G technology project comes from the federal governmentโ€™s strategic innovation fund for eligible corporations doing business in Canada.

The funds will support a $39.5 million Redline project that the company says will create or maintains 111 jobs and up to 13 co-op jobs.

Redlineโ€™s project will design high-speed wireless equipment to remotely monitor machinery for the mining, utility and oil and gas industries.

The previously announced strategic innovation fund is designed to provide contributions of $10 million or more toward projects with total costs of at least $20 million.

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