Sales revenues in the 50 companies within the Oceans Advance ocean technology cluster have increased by 126 per cent since 2006—31 per cent annually—from $225 million to $509 million. Related sales revenues increased from $129 million to $433 million during that time. Exports increased by 300 per cent. This growth rate is the result of strength in the following areas:
connect. engage. advance.
OceansAdvance is your connection point to the ocean technology
innovation ecosystem in Newfoundland and Labrador