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The Market Online
9 hours ago
- The Market Online
Ocumetics stock continues to climb after bionic lens implant
Shares of Ocumetics Technology (TSXV:OTC) are up by almost 400 per cent following Monday's announcement of a historical milestone: the first-in-human implant of a bionic intraocular lens Ocumetics is a Canadian research and product development company focused on vision-correction solutions Ocumetics stock has added 464.52 per cent year-over-year Shares of Ocumetics Technology (TSXV:OTC) are up by almost 400 per cent following Monday's announcement of a historical milestone: the first-in-human implant of a bionic intraocular lens. This content has been prepared as part of a partnership with Ocumetics Technology Corp., and is intended for informational purposes only. Unlike traditional monofocal or multifocal lenses, the Ocumetics Lens is designed to work with the natural movements of the eye, allowing the user to see clearly close up and at a distance without glasses or contacts following cataract surgery. The successful procedure is an important step in the drive to restore dynamic vision, with initial post-operative results expected in the coming weeks and additional implants planned under the clinical trial program over the coming months. Leadership insights 'This is a moment of immense pride for our team and everyone who has believed in Ocumetics from the beginning,' Dean Burns, Ocumetics Technology's president and chief executive officer, stated in Monday's news release. 'For nearly two decades, we've been focused on a bold vision, one that many thought was out of reach. Our scientists, engineers, clinical advisors and partners have poured their hearts into this innovation. Today we celebrate this success, but we know the work is far from done. There are millions of people waiting for us to get the Ocumetics Lens to market, and we are more driven than ever to bring this solution to the world.' 'The Ocumetics accommodating intraocular lens has the potential to reshape the global standard of care first for cataract, and eventually, presbyopia patients,' Burns added. 'This milestone reinforces Ocumetics' position as a leader in the next generation of ophthalmic innovation. With aging populations around the globe demanding better vision solutions, the potential impact of the Ocumetics Lens is profound.' About Ocumetics Technology Ocumetics is a Canadian research and product development company focused on vision-correction solutions, including an intraocular lens that fits within the eye's natural lens compartment. Ocumetics stock (TSXV:OTC) is up by 75 per cent trading at C$1.75 as of 10:51 am ET. The stock has added 464.52 per cent year-over-year. Join the discussion: Find out what investors are saying about this Canadian healthcare technology stock on the Ocumetics Technology Corp. Bullboard, and make sure to explore the rest of Stockhouse's stock forums and message boards. Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein. For full disclaimer information, please click here.


Cision Canada
11 hours ago
- Cision Canada
Government of Canada marks start of construction of its Polar Max icebreaker
GATINEAU , QC , Aug. 20, 2025 /CNW/ - Through the National Shipbuilding Strategy (NSS), the Government of Canada continues to make significant investments in the Canadian Coast Guard (CCG) to ensure that it has the ships it needs to assert Canada's sovereignty in the Arctic, while supporting jobs for Canadian workers. Today, the Honourable Stephen Fuhr, Secretary of State (Defence Procurement), joined the Honourable Mélanie Joly , Minister of Industry and Minister responsible for Canada Economic Development for Quebec Regions, and other dignitaries at Helsinki Shipyard, to mark the official start of construction of the Polar Max, one of 2 new polar icebreakers being built under Canada's NSS for the CCG. The Polar Max is being built by Chantier Davie Canada Inc. (CDCI), with its hull construction taking place at CDCI's recently acquired Helsinki Shipyard. Once the construction of the hull is completed, it will be moved from Finland to the CDCI shipyard in Lévis, Quebec , for the final assembly and outfitting of the vessel. This collaboration provides Canadian workers with the opportunity to learn Finnish best practices in polar icebreaker construction, gaining hands-on experience and expertise that can be applied to future projects, while strengthening Canada's ability to build capable vessels to support Arctic operations. The Polar Max, expected to be delivered by 2030, will ensure that the CCG has the ships it needs to deliver critical work, such as icebreaking, responding to maritime emergencies, conducting Arctic science research, and ensuring the safe delivery of goods and services to Canada's northern communities. The vessel will feature greater endurance and power, and more advanced capabilities, than any icebreaker currently in the CCG fleet. Beyond its operational role, the project is cultivating a skilled Canadian workforce with experience in international best practices, supporting the development of future generations of shipbuilders. Through the NSS, the Government of Canada remains committed to building ships in Canada while leveraging strategic partnerships to meet timelines and deliver results. The Polar Max project is creating jobs, advancing Canadian expertise and ensuring that the CCG can continue its vital work in the Arctic, supporting Indigenous communities, protecting the environment and upholding Canadian sovereignty. Quotes "The National Shipbuilding Strategy is fostering collaboration to strengthen Canada's Arctic security, equipping the Canadian Coast Guard with new icebreakers and developing a skilled domestic workforce. With construction now underway on the Polar Max icebreaker, the project will progress while developing the skills and expertise of Canadian workers. This international collaboration provides our workers with the opportunity to learn best practices and advanced methods that will strengthen Canada's shipbuilding industry for years to come." The Honourable Stephen Fuhr Secretary of State (Defence Procurement) "In an increasingly complex world, Canada's new government is meeting the moment by rebuilding and reinvesting in the Canadian Coast Guard's fleet of icebreakers. Through the National Shipbuilding Strategy, we are transforming how we deliver critical marine infrastructure and equipment, for the benefit of Canadians for generations to come. Working with partners like Chantier Davie and other industry leaders, we are equipping the Coast Guard with modern vessels and cutting-edge technology that will support our Arctic sovereignty and support a stronger Canadian economy for decades ahead." The Honourable Joël Lightbound Minister of Government Transformation, Public Works and Procurement "Today's construction launch marks a major step in Canada's commitment to reinforcing Arctic sovereignty. The Polar Max project will deliver advanced vessels for the Canadian Coast Guard while boosting domestic shipbuilding expertise and strengthening economic and security ties with Finland and Europe ." The Honourable Mélanie Joly Minister of Industry and Minister responsible for Canada Economic Development for Quebec Regions "The construction of Canada's new polar icebreaker marks a historic step in strengthening our Arctic presence, protecting our oceans and supporting the communities that depend on them. Through the National Shipbuilding Strategy, we're building the next generation of Canadian Coast Guard vessels, and bringing together Canadian innovation and international expertise." The Honourable Joanne Thompson Minister of Fisheries Quick facts The CCG currently has 18 icebreakers of varying sizes and capabilities, making it the second-largest icebreaking fleet in the world. Canada is building 2 new polar icebreakers to strengthen Arctic operations under the NSS. is building 2 new polar icebreakers to strengthen Arctic operations under the NSS. The Government of Canada has awarded a contract of $3.25 billion (before tax) to CDCI for the construction of one of the CCG's future polar icebreakers under the NSS. This milestone investment not only strengthens Canada's Arctic sovereignty and security, but also contributes significantly to the country's economy and marine industry. has awarded a contract of (before tax) to CDCI for the construction of one of the CCG's future polar icebreakers under the NSS. This milestone investment not only strengthens Arctic sovereignty and security, but also contributes significantly to the country's economy and marine industry. One of the polar icebreakers, the Polar Max, is being built by CDCI, while a second is under construction at Seaspan's Vancouver Shipyards and is expected to be delivered by 2032. This project is an example of successful collaboration through the Icebreaker Collaboration Effort (ICE Pact), a trilateral agreement signed in November 2024 between Canada , Finland and the United States . The ICE Pact promotes knowledge-sharing and innovation in icebreaker design and construction. between , and . The ICE Pact promotes knowledge-sharing and innovation in icebreaker design and construction. Over the past 15 years, the Government of Canada , under the NSS, has delivered numerous ships and ensured that the Canadian fleet receives the proper refit and maintenance needed to remain in service for its full operational life while maintaining its reliability and efficiency. , under the NSS, has delivered numerous ships and ensured that the Canadian fleet receives the proper refit and maintenance needed to remain in service for its full operational life while maintaining its reliability and efficiency. NSS contracts awarded between 2012 and the end of 2024 are estimated to have contributed close to $38.7 billion ( $2.8 billion per year) to Canada's gross domestic product and created or maintained approximately 21,400 jobs annually between 2012 and 2025. Associated links Follow us on X (Twitter) Follow us on Facebook SOURCE Public Services and Procurement Canada Contacts: Élisabeth d'Amours, Director of Operations, Office of the Honourable Joël Lightbound, 343-551-7759; Mujtaba Hussain, Press Secretary, Office of the Honourable Stephen Fuhr, 819-230-8834; Media Relations, Public Services and Procurement Canada, 819-420-5501, [email protected]


Calgary Herald
15 hours ago
- Calgary Herald
Canada's AI ecosystem by the numbers: a lot of government and investor money being spent
Article content ISED lacks updated numbers beyond 2017, but Stanford University's 2025 AI Index Report said Canada failed to crack the top 15 in terms of granted AI patents per 100,000 inhabitants in 2023. Article content Georgetown University's Center for Security and Emerging Technology (CSET), a research organization, similarly said Canada accounted for 0.6 per cent of the patents granted worldwide from 2018 to 2022, trailing the U.S., China, Japan and Australia. CSET data tracks patents based on the location of the initial filing, which includes those from non-Canadian researchers and institutions. Article content 'Patent counts alone don't measure innovation quality, but they are a strong proxy for where AI intellectual property, and therefore future economic value, will accrue,' said Daniel Wigdor, a University of Toronto computer science professor and cofounder and chief executive of venture studio Axl, which is aiming to build 50 AI companies in Canada by 2030. Article content Industry calls to keep Canadian IP in the country are growing. Around 75 per cent of AI patents produced by Canadian researchers and institutions leave Canada, with the bulk ending up with U.S. tech giants and seven per cent assigned to Canadian firms, according to research from Jim Hinton, a senior fellow at the Centre for International Governance Innovation, a think tank in Waterloo, Ont., that analyzed data up to 2023 from global patent offices such as the World Intellectual Property Office and the U.S. Patent and Trademark Office. Article content The result, Hinton said, is that Canada is experiencing an 'AI ownership crisis,' while Wigdor said, 'We risk becoming a talent and IP farm for others (despite) having world-class AI talent and public investment in research.'