EJQ2 - Fall 2024 - Journal - Page 29
Hot Sector News
This month we’re putting the spotlight on ApoSys Technologies Inc.,
a Mississauga, Ont.-based company that is becoming a driving force in
automating the inspection and monitoring processes for transportation
infrastructure within the technology sector. The predictive maintenance
solutions, data reduction systems, and energy-e昀케cient operational
tools optimize operations for various transportation modes, including
railways, road networks, airports, and waterways. Launched in 2015, the
company continues to make strides and develop innovative technology
that recently attracted federal funding.
We recently engaged ApoSys Technologies CEO Oliver Wang, along with
Gareth Wang, product manager, and Pragya Saxena, data scientist, to
provide some insight into the company’s strategic plans and how they are
navigating market trends.
FROM LEFT TO RIGHT: DANIEL SAX FROM THE
CANADIAN SPACE MINING CORPORATION; ROBERT MASTROTTO
AND BILAL HAFFEJEE FROM NGEN CANADA (FOREGROUND);
PRESIDENT OF THE TREASURY
CUTLINEBOARD ANITA ANAND;
APOSYS TECHNOLOGIES CEO OLIVER WANG; MINISTER
RECHIE VALDEZ, MEMBER OF PARLIAMENT FOR MISSISSAUGA—
STREETSVILLE AND MINISTER OF SMALL BUSINESS;
PETER FONSECA, MEMBER OF PARLIAMENT, MISSISSAUGA
EAST-COOKSVILLE; WITH GUESTS AT THE FEDERAL
FUNDING ANNOUNCEMENT.
ApoSys Technologies was recently approved for funding from the
federal Next Generation Manufacturing Canada (NGen) stream. How
exactly will this new support be applied?
The NGen funding will catalyze our R&D e昀昀orts in maturing Geoforge,
our mining Underground GPS technology. Geoforge has been in
development in terrestrial mines across Canada since 2021, and currently
o昀昀ers centimeter-accurate Mapping and Positioning as a plug-and-
E N V I RON M E N T J OURN A L QUA RT E RLY RE PORT • FA L L 2 02 4 • P AGE 2 9
