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 Redlineโs 5G technology project comes from the federal governmentโs 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.
Redlineโs 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.