New tax credits will help a North Vancouver-based business that makes small but potent components that support numerous clean technologies.
Omar Alghabra, the federal minister of transportation, paid a visit to North Vancouver-based Accelovant on Wednesday to see the homegrown technology firsthand.
The North Vancouver company creates fiber-optic temperature sensors, which are crucial to the productive production of semi-conductor computer chips, using a patented cutting-edge technology.
These chips are utilized in a wide range of contemporary technologies, including environmentally friendly modes of transportation like e-bikes and electric cars.
“Each automobile from last year has roughly 30 chips in it. CEO of Accelovant Technologies, electronic automobiles have 3,000 chips each. chips are essential for the secure fast-charging of electric batteries in anything from cell phones to autos.
Even though computer chips are nothing new, Acceleovant’s technology has been revolutionizing the way they are made.
the procedure depends on temperature. What Accelovant offers is a unique kind of fiber optic sensor that use light to more precisely detect and regulate temperature under difficult circumstances.
Goldstein said that his company, which he co-founded with Ondrej Mercl, was founded six years ago. He invested his retirement funds in the business and hired a team of forward-thinking scientists, engineers, physicists, and electronics specialists.