Damotech gets big financial boost

Damotech has received a repayable grant of $750,000 to digitize its operation.

The funding, from Canada Economic Development for Quebec Regions (CED), will help the company buy a laser cutter and automated assembly cells, including the necessary accessories and peripheral equipment. the new equipment will help the company meet the growing demand for its products and double its production capacity by 2026.

“At Damotech, we are proud of our commitment to a sustainable economy, long expressed through our LEED‑certified building and eco-friendly operations. CED’s support propels us into the future, enabling us to strengthen our competitiveness and productivity by integrating specialized automated equipment. Thanks to this assistance, we will be able to accelerate our growth, while also making an active contribution to Quebec’s green transition and the creation of additional jobs in the province,” said Eric Naaman, president of Damotech.

Damotech has specialized in the manufacture of safety solutions to repair and protect industrial storage systems for over 30 years. It has a LEED‑certified plant, and the very nature of its activities helps to prolong the service life of its clientele’s facilities.

“Businesses such as Damotech recognize the importance of developing cutting‑edge technologies that are more adapted to the new environmental realities of today and create the jobs of the future. That is why our government is supporting Damotech in this project, which will enable it to robotize and automate part of its production, while also improving the quality of its products. Congratulations to the entire Damotech team,” said Marie‑Claude Bibeau, minister of national revenue.