Business, Tourism, Culture and Rural Development
May 11, 2016

Diversifying the Economy Through Innovation

Highlighting Innovation: GRi Simulations Strikes Success on the International Stage

Innovation Week, a series of events dedicated to the advances being made in Newfoundland and Labrador's technology sector, is being held this week. During Innovation Week, the department will shine a spotlight on some of the innovative companies that are experiencing success and providing economic benefit to the province and its people. This includes Gri Simulations; a Mount Pearl-based company that recently signed a joint venture with Brazil-based Under Water Group.

"Congratulations to Gri Simulations on breaking into the South American market with their new joint venture with Under Water Group of Brazil. Innovation has a tremendous influence on our province's social and economic development. Throughout the international market, the opportunities for local companies operating in the ocean technology sector are plentiful and it is essential they are able to connect with other professionals in a strategic and timely manner. GRi has done this with skillful success and is a great example of an innovative and progressive company operating internationally."
- The Honourable Christopher Mitchelmore, Minister of Business, Tourism, Culture and Rural Development

Founded in 1986, Gri Simulation Inc. focuses on supporting sub-sea Remotely Operated Vehicle (ROV) operations by providing simulation technology to enhance ROV pilot training, mission planning and rehearsal for offshore oil construction and production operations, as well as military search and rescue and mine-countermeasures activities.For more information about GRi Simulations, visit www.grisim.com .

"GRi has a long and positive relationship with my department and we continue to provide support as they expand their global scope and the depth of marketing. Our government is pleased to work with industry to promote the continued success of our entrepreneurs, small and medium-sized businesses, research institutions, and traditional industries."
- Minister Mitchelmore

Innovation Week focuses on furthering growth and developing new opportunities in sectors that include information technology, ocean technology, oil and gas and the green economy.

QUICK FACTS

• Innovation Week 2016, a series of events dedicated to Newfoundland and Labrador's technology sector, started today in St. John's.
• Innovation Week brings together private and public partners to share ideas and build upon Newfoundland and Labrador's exceptional atmosphere of innovation.
• Newfoundland and Labrador's advanced technology industry includes over 165 companies, employing over 3,990 people. With annual revenue of $1.6 billion.
• Details on Innovation Week 2016 events can be found by visiting www.innovationweek.ca/schedule/

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Media contact:

Tansy Mundon Director of Communications Department of Business, Tourism, Culture and Rural Development 709-729-4570, 693-1865 tansymundon@gov.nl.ca

2016 05 11                              3:35 p.m.