12-20-2006
The Caisse de Dépôt et Placement du Québec Assists Maetta Sciences with Its Technology Deployment
Montréal, December 20, 2006 – The Caisse de dépôt et placement du Québec has invested $2 million in Maetta Sciences Inc. (“Maetta”) to assist with the deployment of its technology for the industrial sectors, including aeronautics and medical products.
Maetta Sciences, based in Boucherville, has developed a new technology for the manufacturing of metal parts by powder injection molding in order to enhance prototyping and accelerate transferability to high-volume production. With this technology, it has set itself apart from the competition by offering the same characteristics as conventional molding, but at lower costs and with more flexible production rates.
“Maetta has succeeded in adapting this technology so that it can be used right from the development stage and has made it accessible to industries whose annual production volumes do not justify conventional molding, which gives it a unique position on the market,” stated Yves Cusson, the Caisse’s Vice-President, Investments, Mid-sized Businesses. “This competitive position, based on rapid development of complex products, is conducive to customer loyalty.”
“Our R&D efforts have given rise to a technology that permits substantial savings, considerable flexibility in the design of manufactured parts, excellent mechanical properties and flexible production rates,” stated Mathieu Boisclair, Maetta’s President and Chief Executive Officer. “This investment by the Caisse will enable us to act as a catalyst in the emergence of this technology.”
About the Caisse de dépôt et placement du Québec
The Caisse de dépôt et placement du Québec is a financial institution that manages funds primarily for public and private pension and insurance plans. As at December 31, 2005, it held CA$122.2 billion of net assets. The Caisse invests in the main financial markets as well as in private equity and real estate. Its private equity team focuses on companies with the potential for strong growth and returns. The institution partners with dynamic companies in various sectors, offering them a full range of debt and equity financing products. As at December 31, 2005, the private equity portfolios held CA$10.9 billion of net assets. For more information: www.lacaisse.com
About Maetta Sciences Inc.
Maetta specializes in R&D, prototyping and net-shape manufacturing of metallic and ceramic parts using the powder injection moulding (PIM) process.
Maetta has the unique ability to work at all stages of the PIM process, “from powder to product,” namely from powder fabrication to net-shape manufacturing of high-performance parts. Maetta uses its expertise to develop high-performance materials for its clients as well as optimal PIM manufacturing processes associated with them.
