Canadian Government invests in new data storage and network tech
In order to meet future needs the new project will create cutting-edge data storage and networking tech while reducing greenhouse gas emissions.
The Honourable Catherine McKenna, Minister of Environment and Climate Change, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, announced the investment of $12 million into Rockport Networks this week.
The investment will support the company’s $49.9 million Networking at the Edge (NATE) project.
With this project, Rockport will create software-enabled network systems for data storage, making them faster and more secure, while using less electricity. The deal will see Rockport Networks maintaining and creating more than 300 jobs in Ottawa, Ontario.
As part of Canada’s commitment to creating a cleaner economy, reducing the energy consumption of data centres will lead to environmental benefits. The NATE project will demonstrate Canada’s leadership in networking technology while fulfilling the country’s commitment to reducing greenhouse gas emissions.
Navdeep Bains, said: “As Canadians turn to data storage and networks more frequently in their lives, they need to be confident that they can quickly and securely store and access their data. Our investment in Rockport Networks is not only making sure Canadians’ data is more secure but also helping to reduce greenhouse gas emissions, solidifying Canada’s position as a world leader in digital network technologies.”
Doug Carwardine, Rockport’s CEO, said:”In partnership with the Canadian government, specifically, visionary programs like the Strategic Innovation Fund, Rockport Networks will deliver world-class networking solutions to the global marketplace. Our innovation will drive the need for hundreds of additional knowledge-based jobs inventing and applying new intellectual property to create sustainable network technology and new levels of cybersecurity protection.”
The company had previously received about $4 million in funding from Sustainable Development Technology Canada as part of a $45 million investment in cleantech projects across Canada.