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____ Monday February 29, 2016 ____



FedDev Ontario Invests in York Region's Audio Technology Cluster

Schomberg – Deborah Schulte, Member of Parliament for King/Vaughan, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for FedDev Ontario, announced an important investment that will help a York region–based audio technology company develop new applications of its technology.

Audera Acoustics Inc. will receive up to $200,000 to finalize the development and commercialization of its product, ALEXdriver™, which makes audio systems in automobiles, consumer loudspeakers, tablet computers and smartphones more powerful, with better sound quality.

This funding will allow Audera Acoustics Inc. to increase its customer base and expand into international markets more quickly.

FedDev Ontario is providing this repayable contribution through the Investing in Business Innovation initiative, which is aimed at strengthening the innovation ecosystem in southern Ontario by supporting new entrepreneurs, early-stage businesses and angel investors.

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