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SOFII Supports Energy Company Expansion in Napanee

 

MEDIA RELEASE
 

Southern Ontario Fund for Investment in Innovation (SOFII) Supports Energy Company Expansion in Napanee


June 12, 2015 – Eastern Ontario Community Futures Development Corporation Network Inc.
(Eastern Ontario CFDC Network)

The Eastern Ontario CFDC Network is pleased to announce that Strathcona Energy Group
(previously LGF Manufacturing) has been approved for a $500,000 loan to fund final stage costs
of a manufacturing facility in Napanee, Ontario, including building infrastructure and leasehold
improvements, welding and robotic equipment.

Strathcona Energy Group (SEG) is a Canadian-based holding company specializing in vertically
integrated solutions for the next generation of photovoltaics. Group members provide
manufacturing for over 200 MW of top-performing solar modules, from building-integrated solar
and market revolutionizing PV and ACPV modules, to mounting components as well as EPC,
sales, and installation services. Strathcona and its subsidiaries offer services spanning from
utility scale and commercial to agricultural and residential solar applications across the globe.

“I am and will continue to be a strong advocate for small businesses, as I believe they are the
backbone of our economy. Today, I am proud to support Strathcona Energy Group with federal
funding through the SOFII program distributed by our Eastern Ontario CFDC Network. The
manufacturing facility will help boost our economy and produce jobs right here in our local
community. Working with our local businessmen, businesswomen and our CFDC’s, we have
proven successes.” – Daryl Kramp, M.P.

"In 2014, SOFII invested in Strathcona Energy Group’s future, a plan to manufacture a Buildingintegrated
photovoltaics (BIPV) technology here in Canada to ship abroad, commented Karl
Hollett, CEO- Strathcona Energy Group Inc. "Today, Strathcona is building BIPV units for install
in Canada, US and Europe and is now seeing a significant upcoming demand for this product in
these international markets. SOFII funding gave Strathcona the Opportunity to build for this
market demand.

"Through SOFII, we are pleased to support this infrastructure development that will support the
implementation of new processes and technologies at Strathcona Energy Group's growing
energy technology facility," commented Christine Dukelow, Chair, Eastern Ontario CFDC
Network. "This investment will assist in ensuring company growth into new markets."

The Southern Ontario Fund for Investment in Innovation (SOFII) is supported through FedDev
Ontario and is being delivered by the Western Ontario Community Futures Development
Corporation (CFDC) Association and the Eastern Ontario CFDC Network Inc. SOFII provides
interest-bearing business loans to support innovation and growth in small- and medium-sized
enterprises (SMEs) across the region. A total of $20 million was contributed to each of the two
regional SOFII funds, which are self-sustaining, revolving loan funds, delivered in their
respective territories.

The Southern Ontario Fund for Investing in Innovation supports high-growth, innovative smalland
medium-sized enterprises (SMEs) in rural and urban communities by offering loans of
usually $150,000 to $500,000 to support all aspects of growth challenges facing them. The
loans are intended to help finance:

• Late-stage commercialization;
• New product or service development;
• New applications or markets; or
• Development or implementation of new processes or technologies.

The SOFII loan fund acts as a catalyst for increased investment in and support for innovation
and is one element in the emerging climate of support for these high-growth companies in
southern Ontario.

For more information about this release, please contact:

Vince Killen
Loans Manager, SOFII Program, Eastern Ontario CFDC Network
t: 705-741-1980 ext. 2
e: vince.killen@eocfdc.ca
For more information about SOFII and other CFDC programs, please visit: www.eocfdc.ca
For more information on Strathcona Energy, please visit: http://www.strathconaenergy.com/

 
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