Trois-Rivières, July 7, 2010/CNW/ - GDG ENVIRONMENT GROUP (TSXV:GDG). GDG Environment Group (TSXV:GDG), and its subsidiary GDG Environnement, are very appreciative of the financial assistance obtained from Canada Economic Development in the form of a repayable contribution of $450,000.
The assistance, awarded under the Business and Regional growth program, will make it possible for the Company to consolidate its research infrastructure: laboratory equipment and facilities. The Company’s new projects include the development of a device for the rapid detection and quantification of cyanobacterial toxins, and control agents. These projects will create high level jobs in the biotechnology sector.
“The contribution of the federal government will facilitate the expansion of our activities in the environmental health sector. It will consolidate the Company’s current services, but more importantly, new market niches will open up, in Quebec, in Canada and abroad” said Christian Back, Vice-President Science and Technologies.
The acquisition of specialized equipment will allow the launching of a molecular biology and microbiology laboratory that will conduct research on blue-green algae. “Worlwide, cyanobacteria threaten human and animal health and the environment. Socio-economic and environmental concerns includes the safety of drinking and bathing waters, safety of food and repercussion on ecosystems. The development of toxin detection tools and short-term intervention methods will be the continuation of efforts already invested to understand and reduce the impact of cyanobacteria. Our research aims at extending our activities and exporting new patented technologies throughout Canada and abroad. These technologies will be supported by a high level scientific team“added Mr. Back.
About GDG Environment Group (www.groupegdg.com)
Since 1980, GDG Environment Group, a recognized leader in the integrated control of biting flies, offers a broad range of services targeting the improvement of quality of life and the protection of public health, mainly through the biological control of biting flies, ragweed control, vector control and the surveillance and prevention of West Nile Virus in Canada.
GDG Environment Group operates 4 divisions: GDG Environnement, front-runner in the biological control of biting flies and vector control, GDG Aviation which manages all aerial operations for the Group, Diamond Sylvico, a Northern Quebec subsidiary, firmly established in the Cree Community of Waskaganish (James Bay territory) and Groupe Bio Services, which services are a complement to those offered by Group GDG Environment.
The Group has a strong team of scientists and managers plus a team of nearly 200 professionals and technicians in the summer. The Group is established as the most important player in Canada, after more than 500 successful mandates in the field of biological control of biting flies and in the management of disease vectors. The Company focuses on organic growth on the international market and on forming strategic partnerships.
Listed on the TSX Venture Exchange since April 2008, the shares of GDG Environment Group are traded under the ticker "GDG" - (TSXV:GDG).
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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