News

BDC boosts Atlantic Canadian entreprneurs

 

 

The Business Development Bank of Canada is loosening the purse strings to make an extra $100 million in financing available for Atlantic Canadian businesses in four industry sectors during the next two years.

In a bid to boost the information and communication technology, agri-food, ocean technology and tourism sectors, the Crown corporation responsible for helping Canadian businesses is upping its financing envelope for the next two years for those industries to $280 million.

“These sectors are areas that we feel have the greatest opportunity for growth,” Michael Denham, the BDC’s president and chief executive officer, said in an interview Thursday.

“What we’re looking for are entrepreneurs who have solid businesses in place and who are looking for financing for equipment, marketing or to expand their sales force,” he said.

Atlantic Canadian business owners are bullish these days. According to BDC surveys, 75 per cent of Atlantic Canadian entrepreneurs have indicated they expect to grow their revenues this year, up from only 42 per cent who said the same thing in 2016

That’s a higher level of business confidence than in the rest of Canada.

And it’s an optimism shared by Great Village-based Ocean Sonics owners Desirée Stockermans and Mark Wood.

Their five-year-old company, which developed a digital hydrophone that allows users to listen to underwater sounds in real time from the surface, have seen explosive growth. Digital hydrophones are used along coastlines to measure ocean sounds, including marine life and human activity like shipping, commercial and military activities which contribute to noise pollution.

In its first year of operation, Ocean Sonics doubled its sales volume. The following year, sales soared about another 50 per cent. And since then the company’s revenues have roughly doubled again, said Stockermans, the company’s operations manager, in an interview Thursday. Read more…

 

Ocean Sonics to deploy sensors on Bay of Fundy tidal project zoom Hydrophones ready for deployment

Ocean Sonics, a Nova Scotia-based designer and manufacturer of digital hydrophones, expects to install its sensoring equipment in the following months for Cape Sharp Tidal project located in the Bay of Fundy, Nova Scotia.

As reported earlier, Cape Sharp Tidal, a joint venture formed by Emera and OpenHydro, aims to deploy two 2 MW tidal turbines that could power an estimated 1.000 homes in Nova Scotia, Canada, this fall. Read more…

 

OCEAN SONICS OPENS DIGITAL HYDROPHONE CALIBRATION LAB

Ocean Sonics has recently commissioned a new state of the art digital hydrophone calibration lab, the only one known of its kind, at their office in Great Village, Nova Scotia, Canada.

The traditional analog approach to calibrating hydrophones is a tricky and demanding task. Digital hydrophone calibration greatly simplifies the calibration process.

The separate wood framed building sits above the ground to isolate it acoustically. A Faraday cage shields instruments from electromagnetic radiation that could interfere with low signal measurement. Power is isolated from the main building and the data is wired to the main building to allow remote operation. The lab facility features a large test tank with room to fit multiple icListen Smart Hydrophones and an icTalk Smart Projector as the sound source. Each icListen hydrophone comes with a calibration certificate indicating when it was tested and the result. Ocean Sonics recommends returning the hydrophone unit for recalibration every two years. Read more…

This Article was found on: Oceanology International

Ocean Sonics Ltd. focuses on sound for survival

If you suffer from ringing ears or a bit of temporary hearing loss after a noisy rock concert, it doesn’t affect your ability to survive. But Mark Wood, president of Ocean Sonics Ltd., says many undersea creatures are dependent on sound to survive.

 

“These animals are deep under water where there’s no light, and they’re dependent on sound to locate food,” says Wood. “If they go deaf temporarily, it makes them vulnerable to predators, or they might beach themselves accidentally.”

 

If you’re building a bridge, for example, you need to be monitoring the noise you’re making in the water.

 

“Construction is very noisy, so if you’re pile-driving, the area near the work site has enough energy that it can actually kill fish,” says Wood. “We enable our customers to protect the health — and safe the lives — of animals.”…Read more

This article was written from hubnow

Great Village’s Desiree Stockerman Talking to the Nova Scotia Premier Stephen McNeil

“We need to stop dividing our province. There are good things (here) … we need to focus on the positive things and not continue to focus on the negative things,” the premier suggested during a Truro and District Chamber of Commerce breakfast in Truro on Friday morning. About a 100 people were in attendance.

That doesn’t mean overlooking some obvious challenges, such as having the “worst performing economy for the last 11 years” and a

70 per cent population that is struggling, he said.

Instead, McNeil said, things such as encouraging sector development as opposed to financing private sectors, investing in sector infrastructure, and finding creative avenues to be profitable should be implemented….Read More

 

Article found in Truro Daily News Paper

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Testimonial
"We have been working with Ocean Sonics in our technology demonstration program since the first prototypes. Our science users have been very impressed with the very high quality data sets. Ocean Networks Canada is expanding our hydrophone network with Ocean Sonic icListen HF smart hydrophones across our observatory including new sites across coastal BC, as part of the Smart Oceans™ program. The compact size, Ethernet interface, high reliability and exceptional performance make these systems ideal for ocean observing applications such as mammal classification, vessel and ambient noise studies. "

Scott McLean,Director, Ocean Networks Canada Innovation Centre