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CAE, Quebec Extend Medical Simulation Tech R&D Agreement; Marc Parent Comments

CAE, Quebec Extend Medical Simulation Tech R&D Agreement; Marc Parent Comments - top government contractors - best government contracting event
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CAEThe Quebec provincial government in Canada has agreed to continue to support CAE‘s efforts to develop healthcare-focused simulation and training platforms through 2020.

CAE said Thursday the agreement also adjusts the value of Quebec’s financial contribution to the company’s medical simulation and training R&D program to $54.1 million in repayable investment from approximately $77.1 million in 2009.

The program now has an estimated value of $148.6 million, CAE added.

“We are proud that our technological advances in healthcare could be achieved through the research and development work that we do in Montreal,” said CAE President and CEO Marc Parent.

Gaetan Barrette, Quebec’s minister of health and social services, said the company has supplied more than 10,500 simulators and audiovisual systems to medical schools and hospitals throughout the province to date.

Montreal-based CAE also develops simulation and training platforms for the defense, civil aviation, security sectors.

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Written by Ramona Adams

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