Focal Technologies plans to create up to 60 positions over the next five years at its Dartmouth location. The province, through Nova Scotia Business Inc. (NSBI), is supporting the company with a five-year payroll rebate to a maximum of $700,000.
"Focal Technologies is a home-grown Nova Scotia company that has showed huge success," said Minister of Economic and Rural Development and Tourism Percy Paris. "They will create high-value jobs with competitive salaries; this is in line with the jobsHere plan to grow the economy."
Focal Technologies has been a valued employer in Nova Scotia since 1983, with more than 150 full-time, permanent people jobs in the Burnside facility. During its rapid expansion, the company will look to hire production technologists, product assemblers and engineers.
"Having the province's support will help enable us to increase productivity and remain a strong global competitor," said Mike Glister, managing director, Focal Technologies. "By hiring additional full-time permanent employees, we will be able to reduce lead times on our major products to our customers."
During the British Petroleum Gulf of Mexico oil spill in 2010, Focal Technologies products were used to transmit images from the ocean floor. The company's products have also been used in ocean research and were used in the discovery of both the Titanic and the Bismarck.
"Ocean related organizations contribute more than 7% to the provinces annual GDP,” said Stephen Lund, president and CEO, Nova Scotia Business Inc. “There is significant opportunity to grow the sector and supporting Focal Technologies will help showcase Nova Scotia on the international stage.”
Focal Technologies has delivered trusted technology products and services to the global offshore petroleum, oceanographic, seismic and maritime industries for close to 30 years. To learn more about Focal Technologies, visit www.moog.com/marine .
Nova Scotia Business Inc. is Nova Scotia's private-sector-led business development agency. NSBI is the investment attraction arm of the province and helps businesses in Nova Scotia meet growth potential through advisory services, trade development, financing and venture capital.