Investing in NL Deepsea Technology Company
Our thriving natural resource industries rely on innovative technology to stay competitive in the world market. Many of those technologies are being developed right here in Newfoundland and Labrador and are being exported to global markets.
Through funding provided by your Liberal government to local company, PanGeo Subsea Inc., we are ensuring our economy is diversified and that our natural resource industries benefit from new technologies. The funding will help to develop PanGeo’s SeaKite. a Remote Operated Tow Vehicle (ROTV)/ Sub-Bottom Imager (SBI) that provides cutting-edge 3D sub-seabed imaging capability on an active towed platform.
Our province continues to be a global leader in innovative marine technology solutions, through experienced and highly-technical project teams like the one at PanGeo Subsea. SeaKite is a truly unique device that has great potential to be a game changer in sub-seabed surveying. -Honourable Christopher Mitchelmore.
We are delighted to have received this support from the Province. It has enabled PanGeo to accelerate the development of this unique robotic solution, taking advantage of the burgeoning survey markets in Europe, USA and South East Asia. -Moya Cahill, CEO of PanGeo Subsea Inc.
This announcement builds on the Liberal Government’s plan to diversify the Newfoundland and Labrador economy and Advance 2030 – A Plan for Growth in the Newfoundland and Labrador Oil and Gas Industry.