Nanotechnology Now - Press Release: Leader in high-tech civil and military systems architecture - The French company EPSILON sets up operations in Greater Montréal

Home > Press > Leader in high-tech civil and military systems architecture - The French company EPSILON sets up operations in Greater Montréal

Abstract:
French thermics company EPSILON, specializing in high-tech civil and military systems architecture, is partnering with a new Canadian-controlled private corporation, EPSILON RTO, which is opening in Montréal to spearhead its expansion in North America. Benefiting from the assistance of Montréal International to establish its presence in the metropolitan area, the company plans to hire some twenty employees over the next three years, which represents an investment in the area of $6.2 million.

Leader in high-tech civil and military systems architecture - The French company EPSILON sets up operations in Greater Montréal

Montreal, Canada | Posted on February 11th, 2009

Internationally recognized thermal research structure

EPSILON is a private research organization belonging to the ALCEN Group
(annual earnings of $280 M / 1,600 employees). The company, which has a unique
know-how in the area of thermics and related physical phenomena, works closely
with systems integrators, equipment manufacturers and component suppliers.
EPSILON's R&D activities are acknowledged globally, as are its partnerships
with Europe's largest industrial groups and research laboratories. EPSILON
provides training in space thermics, electronic thermics and various
specialized fields. It also offers clients operating licences, patents,
software applications and thermal simulation tools created as a result of its
own R&D activities.

"The creation of EPSILON RTO and its establishment in Greater Montréal is
a major step in our strategy to penetrate the North American market. The
highly qualified workforce and the numerous research centres, a dynamic
academic environment as well as the existing technological infrastructure all
constitute growth factors for our company," stated EPSILON President Bruno
Desaunettes.

A business based on human values

"We founded EPSILON almost twenty years ago, and we're still driven by
the same passion for thermal research. Beyond corporate objectives and the
scientific interest, the human aspect has always been at the heart of
EPSILON's corporate philosophy," said Mr. Desaunettes.

For her part, the newly appointed President of EPSILON RTO, Mrs. Marie
Desaunettes, added that once again, "it was the human element that led EPSILON
to establish in Montréal."

Becoming a key player on Montréal's industrial scene

EPSILON is a major economic and scientific player in the aeronautics,
aerospace and embedded systems markets. Its core activities consist of R&D in
four main areas: energy efficiency (production, capture, transformation,
storage, distribution and renewal); integration of systems, multi-level and
multi-thermal approaches; micro- and nanotechnology; and thermal technology
(cooling, heating, etc.).

"By banking on our thermics expertise, we hope to quickly grasp the needs
of manufacturers while developing links with the region's various research
centres, much as we successfully did in Europe. For that matter, we have
already taken steps to join the Consortium for Research and Innovation in
Aerospace in Quebec (CRIAQ) as well as the Quebec Aerospace Association
(AQA)," added Cyril Arnaud, CEO of EPSILON RTO.

Mr. Raymond Bachand, Québec Minister of Economic Development, Innovation
and Export Trade and Minister responsible for the Montréal region, is
delighted with the French company's decision to establish in Québec, noting
that "Québec has identified the aerospace sector as one of the primary drivers
of its economic development, and actively supports investments and expanded
research in this area. By attracting such investments, Québec can be confident
of enjoying a cutting-edge industry while remaining competitive on a global
scale. I want to wish Epsilon a warm welcome, and I am quite confident that in
Montréal, it will find all of the strategic factors necessary to support its
ongoing growth." Mr. Gérald Tremblay, Mayor of Montréal and Chairman of the
Montréal Metropolitan Community, is also thrilled at EPSILON's decision to
make the city its base of operations in North America. "Montréal has much to
offer companies that decide to establish themselves here. I'm particularly
pleased to welcome a company such as EPSILON, which is well positioned to
appreciate the innovation and creativity offered by our metropolis. EPSILON's
establishment at the heart of our business sector and near the Quartier
International is even more exciting, as it strengthens our aerospace cluster
while supporting the creation of new wealth for the benefit of all
Montrealers," declared Mayor Tremblay.

"The creation of EPSILON RTO in Montréal serves to strengthen the
metropolitan region's reputation as an internationally ranked centre of higher
knowledge," declared Montréal International President and Chief Executive
Officer André Gamache. "EPSILON RTO executives intend to work in close
conjunction with the various local research entities, thereby supporting the
competitiveness of Québec and Canadian companies."

EPSILON RTO's offices will be located at 1095 Beaver Hall Hill, Suite
301, in Montréal.

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About EPSILON
EPSILON, a private research organization belonging to the ALCEN Group
(annual earnings of $280 M / 1,600 employees), is specialized in high-tech
civil and military systems architecture. EPSILON is one of the few private
companies to be supported by the French Ministry of Research and Industry. It
enjoys the status of Contractual Research Structure, due in large part to its
unique and specific know-how in thermics and related physical phenomena
(electro-thermo-mechanical coupling, thermo-mechanic, thermo-fluidic, etc.),
and contributes to the industry's improved competitiveness. For more
information, visit www.epsilon-pib.com.

About Montréal International

Montréal International was created in 1996 as a result of a
private/public partnership. Its mission is to contribute to the economic
development of Greater Montréal and to enhance its international status. Its
mandates include attracting foreign investment, international organizations
and strategic workers, and supporting the development of innovation and
competition clusters. Montréal International is financed by the private
sector, the Montréal Metropolitan Community, the City of Montréal and the
governments of Canada and Québec. For more information, visit
www.montrealinternational.com.

For more information, please click here

Contacts:
Benoît Lefèvre
Communications Advisor
Montréal International
(514) 987-9323
Cell: (514) 677-2498

Marie Desaunettes
President
EPSILON RTO
(514) 866-1441
Cell: (514) 567-8008

www.rto-epsilon-alcen.com