July 12, 2016
Avcorp Industries and the University of British Columbia have agreed to explore the establishment of a Learning Factory for Advanced Composites at UBC’s Okanagan campus.
The two parties, represented by Avcorp CEO Peter George and UBC Deputy Vice-Chancellor and Principal Deborah Buszard, signed an MOU today at the Farnborough International Airshow.
“Avcorp Industries is committed to exploring the establishment of an aerospace industry-first Learning Factory in a way which will push the boundaries of advanced composite manufacturing as well as provide a platform for a new level of research and training in British Columbia,” says Peter George, CEO of the Avcorp Industries Group. “We are looking forward to working with the UBC-based Composites Research Network in an initial focus on aerospace applications of composite materials and optimized manufacturing processes.”
Avcorp Industries is a leading supplier of integrated composite and metallic aerostructures and is based in Delta, BC.
“BC’s economic success is due in part to our diversified economy — and this MOU will lead to the exploration of innovative opportunities for Kelowna and area,” says Norm Letnick, MLA for Kelowna-Lake Country. “Congratulations to Avcorp Industries and UBC on this important partnership, which will provide great training opportunities for students as well.”
“Composite manufacturing is a growth industry,” says Stephen Fuhr, MP for Kelowna-Lake Country. “This learning factory concept provides a solid opportunity for employment, education and innovation. It would also further solidify Kelowna-Lake Country as one of Canada’s premier aerospace clusters.
The Learning Factory will integrate industrial production with learning and research and provide UBC students and faculty with new opportunities for research, knowledge translation, and hands-on experiential learning. The Learning Factory will also provide technical and skills training opportunities for students from partner institutions, such as Okanagan College.
Through the development of a composites research and production facility at the UBC Okanagan Innovation Precinct, as well as an integrated digital simulation facility at UBC’s Vancouver campus, the Learning Factory will provide Avcorp Industries enhanced ability to evaluate and improve manufacturing efficiency.
UBC is committed to bold new types of partnerships that create unique research, learning, and job creation opportunities,” says Dr. Deborah Buszard, UBC Deputy Vice-Chancellor and Principal. “We are excited to take our discussions with Avcorp to the next level. We see this project as key to our ambition to help transform and diversify the regional resource economy to one driven by innovation.”
The Avcorp Group designs and builds major airframe structures for some of the world’s leading aircraft companies, including BAE Systems, Boeing, Bombardier, Fuji Heavy Industries and Lockheed Martin. The Avcorp Group has more than 50 years of experience, over 800 skilled employees and 636,000 square feet of facilities. Avcorp Structures & Integration located in Delta British Columbia, Canada is dedicated to metallic and composite aerostructures assembly and integration; Avcorp Engineered Composites located in Burlington Ontario, Canada is dedicated to design and manufacture of composite aerostructures, and Avcorp Composite Fabrication located in Gardena California, USA has advanced composite aerostructures fabrication capabilities for composite aerostructures. The Avcorp Group offers integrated composite and metallic aircraft structures to aircraft manufacturers, a distinct advantage in the pursuit of contracts for new aircraft designs, which require lower-cost, light-weight, strong, reliable structures. Comtek Advanced Structures Ltd., at our Burlington, Ontario, Canada location also provides aircraft operators with aircraft structural component repair services for commercial aircraft.
Avcorp Composite Fabrication Inc. is wholly owned by Avcorp US Holdings Inc. Both companies are incorporated in The State of Delaware, USA, and are wholly owned subsidiaries of Avcorp Industries Inc.
Comtek Advanced Structures Ltd., incorporated in the Province of Ontario, Canada, is a wholly owned subsidiary of Avcorp Industries Inc.
Avcorp Industries Inc. is a federally incorporated reporting company in Canada and traded on the Toronto Stock Exchange (TSX:AVP).
Sandi DiPrimo, Investor Relations Contact | 604-587-4938