Paradigm Advanced Technologies, Inc. of Toronto (NASDAQ: OTCBB: PRAV) announced its subsidiary PowerLOC has received a grant of (CDN)$495,000 from the National Research Assistance Program (IRAP) to fund its ongoing research and development activities in wireless communications and location technologies.
The project relates to ongoing research and development by Paradigm's PowerLOC subsidiary to develop advanced GPS locating devices that will
communicate through an existing wireless communication network infrastructure, such as cellular or PCS, and transmit the GPS data through a server and Internet to a host computer. The NRC grant to PowerLOC is being
made under the IRAP Technology Partnerships Canada (TPC) Pre-commercialization Assistance initiative.
"Paradigm was selected from among a number of companies after a thorough technology evaluation by NRC/IRAP, as well as by independent consultants
hired by the Government of Canada to evaluate the company," says Paradigm's President/CEO Eduardo Guendelman. "The NRC decision to grant this project to the company is further proof of Paradigm's leadership in wireless communications and location technology. We look forward to continuing to work with NRC in joint developments in the future to further enhance technologies in Canada."
The grant is a continuation of an ongoing relationship with the National Research Council by Power Point Micro Systems, a Paradigm subsidiary acquired as part of Paradigm's acquisition of PowerLOC on March 28, 2000.
Before being acquired by Paradigm, Power Point had applied for and secured its first research and development grant from IRAP. As a result of the success of this first project, Power Point applied for and obtained a second grant. Both of these research and development projects were related to ongoing development of a proprietary GPS wireless appliance and a complete
After acquiring Power Point, PowerLOC applied for and obtained two additional grants from the NRC/IRAP. The first research and development
project, related to wireless network technologies, was successfully completed as of June 2000. A second research and development project is now underway.