Calgary, Alberta – October 5, 2011 — AeroMechanical Services Ltd. (TSX-V: AMA) (the “Company” or “AMA”) today announced it has received the first funding claim from the Strategic Aerospace and Defence Initiative (“SADI”) repayable investment for the first quarter of 2011 for $223,033. As well, the funding claim for the second quarter has been processed and is expected shortly. The first two funding claims will total approximately $500,000. Continue reading
Tag Archives: Funding
AeroMechanical Services Receives Repayable Government Investment of $1.96 Million
CALGARY, Alberta–AeroMechanical Services Limited (TSX VENTURE: AMA) (the “Company” or “AMA”) is pleased to announce it will be receiving a significant investment from the Canadian federal government of $1.96 million to assist in the development and certification of the Company’s next-generation, unique, patented Automated Flight Information Reporting System (AFIRS™) product. The funding, which AMA is expected to repay over the course of the next 15 years, was granted by the Canadian federal government’s Strategic Aerospace and Defence Initiative (“SADI”) program. Continue reading
AeroMechanical Services Ltd. Announces Fuel and Emissions Grant and Emissions Trading Scheme Contract
CALGARY, Alberta–AeroMechanical Services Ltd. (AMA) is pleased to announce that it has received confirmation of a contribution from the National Research Council of Canada Industrial Research Assistance Program (NRC-IRAP). The NRC-IRAP contribution, in the amount of $320,000 CAD, will be used to augment AMA research and development funding toward the development of AMA’s next generation UpTime Fuel and Emissions Management Tools. The Company also is pleased to announce that it has received a contract modification from a customer for the provision of a compliance plan for the European Union Emissions Trading Scheme.
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AeroMechanical Services Ltd. Announces Government of Canada Funds Improvement of Weather Data Capture Equipment
December 13, 2007
AeroMechanical Services Ltd. TSX-V Trading Symbol “AMA”
A Tier 2 Industrial Issuer
CALGARY, Dec. 13 /CNW/ – AeroMechanical Services Ltd. (AMA – TSX
Venture), (“AMS”) announces that the company was recently awarded a research grant of approximately $180,000 to fund the development of enhanced weather observation equipment for use on commercial passenger aircraft. This funding comes from the Search and Rescue New Initiatives Fund and is administered by Environment Canada.
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