Premier Tech Reimburses $1 M in Royalties

Premier Tech is proud to announce that it has today paid C$979 383.00 in royalties to its financial partners, as a repayment of the money invested by them to support its Innovation, Research and Development (IR&D) activities within the framework of the MOBILISATEUR programs.

The success sharing approach between Premier Tech and its partners, the Government of Canada and the Government of Quebec, aims at ensuring the Company's long-term technological and competitive positioning through investments in Innovation.

Based on the success of the IR&D programs, combined reimbursements for MOBILISATEUR I and II have now reached close to C$9 million. These two IR&D initiatives have had a considerable impact for Premier Tech, resulting in the introduction of close to 150 products and the creation of hundreds of jobs in the Riviere-du-Loup area.

Innovation, intrinsic to the entire organization, is at the very heart of Premier Tech's positioning and future. The importance attributed to this aspect explains the company's technological leadership within the various industrial sectors it operates in around the world.

Corporate Profile

For over 85 years, Premier Tech has been building its know-how and reputation on the expertise and synergy of its business units, structured around three groups - Horticulture and Agriculture, Industrial Equipment and Environmental Technologies. Our businesses have the mission to become technological and commercial leaders in their respective industries. Driven by a multidisciplinary team of over 1 700 people located in the Americas, Europe and Asia, Premier Tech focuses on the development of its team members, on Innovation, and on the introduction of value-added products and services to support its long-term growth.

SOURCE: Premier Tech

Premier Tech
Ms. Lynn Maurais
Corporate Office Director
418-867-8883, extension 6336
418-862-6642 (FAX)
maul@premiertech.com

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