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Laipac Technology awarded funding from Ontario to develop technologies for Vehicle Occupancy DetectionTORONTO, Nov. 15, 2017 (GLOBE NEWSWIRE) -- Laipac Technology Inc., a leader in the development of Internet of Things (IoT) products and services, is pleased to announce that it has been awarded funding under the Small Business Innovation Challenge (SBIC) program delivered by Ontario Centres of Excellence (OCE) on behalf of the Government of Ontario. SBIC is being funded by the Ministry of Economic Development and Growth to help SMEs launch their innovations from the idea stage to globally competitive products and services, using public sector challenges as a platform for testing, developing, and demonstrating innovative technology solutions. Helping businesses innovate while enhancing government services for people across the province is part of the Government of Ontario's plan to create jobs, grow the economy and help people in their everyday lives. Laipac is participating in SBIC in response to the Vehicle Occupancy Detection Problem Statement issued by Ontario’s Ministry of Transportation, and announced by the Ministry of Economic Development and Growth in a news release on November 9. SBIC will support the development of technologies that will detect how many people are in vehicles using high-occupancy toll (HOT) lanes to ensure that vehicles with more than one occupant are not inadvertently billed or fined. The Lipac project combines IoT solutions with real-time identification methods for high-occupancy vehicles travelling on High-Occupancy Vehicles Toll (HOVT) lanes, and provides evidence for billing single-occupancy vehicles travelling in HOVT lanes. This IoT solution is called iHOS network. Quotes: “Governments need the transformative technology and innovation that start-ups can provide. This challenge is a great way to encourage businesses here in Ontario to develop solutions that can help us better serve Ontarians, while testing ideas they can ultimately export to the global market.” “Supporting innovative Ontario-based companies and helping people in their everyday lives is truly a win-win proposition. The companies that compete in this challenge have an opportunity to use it as a launch pad for global opportunities while also strengthening Ontario’s position as a global leader in innovation.” "OCE is proud to deliver the Small Business Innovation Challenge on behalf of the Ontario government. The program will support Ontario-based, technology-driven SMEs in their mission to develop and test innovative technology solutions for public sector challenges. I would like to congratulate the successful applicants and I look forward to seeing their products and services grow." About Laipac Technology Inc. About Ontario Centres of Excellence (OCE) Inc. For more information, visit: www.laipac.com. You can also find us on Twitter, Instagram, Facebook, and YouTube. Media Contact: |