Fonds de solidarité FTQ and Gestion AD Invest $3.5 Million in Kirkland-Based Reflex Photonics

Highlights

• Developer and manufacturer of optical solutions located in Kirkland, in Montréal's West Island
• $3 million investment by the Fonds de solidarité FTQ and $500,000 by Gestion AD as part of the co-investment Fonds de solidarité FTQ Investissements technologiques partnership
• The financial support from the Fonds, Gestion AD and other financial partner has helped consolidate 24 highly-skilled jobs and create 14 more

KIRKLAND, QC, March 16, 2017 /CNW Telbec/ - Located in Montréal's West Island, Reflex Photonics develops, manufactures and markets high-speed optical connectivity solutions for electronic cards or chips. The company also develops and manufactures modules for the data centre market.

In order to allow Reflex to acquire cutting-edge infrastructure and equipment for its continued growth, the Fonds de solidarité FTQ is investing $3 million in the Kirkland company's growth. For its part, Gestion AD is investing  $500,000. This co-investment is part of the "Fonds de solidarité FTQ Investissements technologiques partnership" launched in 2012. Total investments of $5.5 million in the company from all financial partners will allow to consolidate 24 jobs and create 14 more. At the same time, Lac-St-Louis MP Francis Scarpaleggia announced a $500,000 refundable contribution from Canada Economic Development. 

Quotes

"The Fonds de solidarité FTQ is proud to have accompanied Reflex Photonics during various stages of its development. Reflex is an ambitious and innovative company that has made its mark in a rapidly changing industry, positioning itself as a quality player by offering unbeatable products and services for large projects and large multinational clients, with nearly all of its sales are on international markets."
Alain Denis
Senior Vice-President, Innovation
Fonds de solidarité FTQ

"The recent investments and the support from our financial partners like the Fonds de solidarité FTQ have helped make Reflex a key actor in our sector, recognized by internationally leading companies. The quality and the commitment of all our employees have allowed Reflex to make its mark in the highly demanding aeronautic and aerospace sectors. Only innovation will allow us to maintain and strengthen our position earned through hard work of our employees."
Noël Dubé
President and CEO
Reflex Photonics

About the Fonds de solidarité FTQ

The Fonds de solidarité FTQ is a development capital fund that channels the savings of Quebecers into investments. As at November 30, 2016, the organization had $12.2 billion in net assets, and through its current portfolio of investments has helped create and protect over 187,000 jobs. The Fonds is a partner in more than 2,600 companies and has nearly 618,000 shareholder-savers. fondsftq.com

SOURCE (FTQ) Le Fonds de Solidarité des Travailleurs du Québec

Information for media representatives only: Patrick McQuilken, Senior Advisor, Media Relations and Communications, Fonds de solidarité FTQ, Telephone: [phone], Mobile: [phone], Email: [email protected]

Related Links

https://www.fondsftq.com/