(St. John’s, NL; 24 June 2014) Senator David Wells, on behalf of the Honourable Rob Moore, Regional Minister for Newfoundland and Labrador and Minister of State (Atlantic Canada Opportunities Agency), today announced a repayable investment of $500,000 for Rutter Inc. to carry out international marketing activities associated with its advanced radar technologies for the marine, oil and gas, and defense and security markets.
This project is enhancing Rutter Inc.’s export capabilities, international profile and competitiveness in the advanced technology industry, and expanding the industry knowledge base in Newfoundland and Labrador. The investment has helped Rutter Inc. target new niche markets, while continuing to build its established sales and marketing channels in mainstream markets.
Fraser Edison, President and CEO, Rutter Inc.explained why the inverstment is so important to Rutter at this time in its growth. “European markets are very competitive and Korean markets are very important to us because of the size of their shipbuilding industries. ACOA funding has facilitated the development of marketing tools and capacity that makes Rutter more ready to take on the challenges of exporting to these markets.”
Through its existing marketing and distribution channels in over 100 locations in 70 countries, Rutter Inc. produces and globally markets a growing suite of advanced high-resolution radar technology and systems. These involve oil spill detection, ice navigation, small target detection, and surveillance applications. The company has a proven track record in developing and commercializing new products and services, successfully building market share and revenues and mitigating challenges presented by marketplace changes.
“By actively pursuing new trade and investment opportunities like the Canada-European Union Comprehensive and Economic Trade Agreement and the Canada-Korea Free Trade Agreement, our Government is providing Canadian workers and businesses with preferred access to the largest, most dynamic and fastest growing economies and regions of the world,” said Senator David Wells. He was speaking on behalf of the Honourable Rob Moore, Regional Minister for Newfoundland and Labrador and Minister of State (Atlantic Canada Opportunities Agency) “Our support for Rutter Inc. is helping this innovative company advance its international profile and build on knowledge for the local industry,” he said.
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Director of Communications and Issues Management
Office of the Honourable Rob Moore
Atlantic Canada Opportunities Agency
Acting Director, Public Affairs
Director, Sales and Marketing