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0 comments)Toronto (canadaTECH.INFO) – February 26, 2009 - PreMD Inc. (TSX: PMD; Pink Sheets: PREMF) announced today that it is reducing staffing and operations.PreMD's reduction plan calls for the closing of its McMaster Laboratory, scaling back its office in Toronto, eliminating a...
454 reads 0 comments)Delta, BC (canadaTECH.INFO) – February 6, 2009 - Avcorp Industries Inc. (TSX: AVP) announced today that due to a continuing of the softening order book and rate reductions from its major customers, it has been forced to review operations and terminate approximately 100 managem...
354 reads 0 comments)Richmond, BC (canadaTECH.INFO) – February 2, 2009 - Sierra Wireless, Inc. (NASDAQ: SWIR; TSX: SW) disclosed today that the organizational changes made on January 29, 2009 included the resignation of Trent Punnett, SVP of Marketing and Corporate Development. Sierra Wireless sai...
652 reads 0 comments)Richmond, BC (canadaTECH.INFO) – Janaury 29, 2009 - Sierra Wireless, Inc. (NASDAQ: SWIR; TSX: SW) announced today that it is implementing an expense reduction program. The reduction program is expected to reduce labor costs by approximately $5.5 million on an annualized run ra...
275 reads 0 comments)Edmonton, AB (canadaTECH.INFO) – January 28, 2009 – Isotechnika Inc. (TSX: ISA) announced today that pursuant to the news release of August 27, 2008, it continues to pursue available strategic alternatives to enhance shareholder value. These alternatives include strategic part...
545 reads 0 comments)Brossard, QC (canadaTECH.INFO) – January 28, 2009 - Railpower Technologies Corp. (TSX: P) announced today that it is reducing its workforce by 37%, from 134 to 84 employees. Railpower said the decision is further to its previously announced cost reduction plan.As previously di...
269 reads 0 comments)Vancouver (canadaTECH.INFO) – January 22, 2009 - Versatile Systems Inc. (TSX-V: VV; LSE-AIM: VVS) announced today that it has implemented a series of cost reductions in light of the current economic climate.Versatile has reduced its workforce, focused research and development ...
756 reads 0 comments)Ottawa (canadaTECH.INFO) – January 20, 2009 - March Networks® (TSX: MN), a provider of intelligent IP video and business analysis applications, announced today that it has implemented additional measures to reduce operating expenses in order to mitigate the risks associated wi...
289 reads 0 comments)Oak Park, MI (canadaTECH.INFO) – January 15, 2009 - Azure Dynamics Corporation (TSX: AZD; LSE-AIM: ADC; OTCQX: AZDDF), a developer of hybrid electric and electric powertrains for commercial vehicles, today announced a restructuring and comprehensive cost reduction plan designe...
317 reads 0 comments)Québec City (canadaTECH.INFO) – December 17, 2008 - Medical Intelligence Technologies Inc. (TSX-V: MIZ), a provider of innovative monitoring solutions for the mobile telecare industry, announced today that it has temporarily suspended its research and development (R&D) activit...
245 reads 0 comments)Richmond, BC (canadaTECH.INFO) – December 8, 2008 - Neovasc Inc. (TSX-V: NVC), a new specialty vascular device company, today announced today that it has implemented a number of measures designed to focus on near term revenue opportunities and conserve cash, while continuing t...
547 reads 0 comments)Markham, ON (canadaTECH.INFO) – December 3, 2008 - Redline Communications Group Inc. TSX/LSE-AIM: RDL) announced today that it has implemented an organizational realignment to reduce costs, improve the its financial performance and focus its resources in key growth areas. Cost...
241 reads 0 comments)Pickering, ON (canadaTECH.INFO) - December 3, 2008 - AirIQ Inc. (TSX: IQ), a provider of Wireless Location-Based Services specializing in Telematics and Security, today announced a reduction in its workforce of approximately 36%."We appreciate the many contributions these...
643 reads 0 comments)Vancouver (canadaTECH.INFO) – December 1, 2008 - Intrinsyc Software International, Inc. (TSX: ICS), a provider of mobile and embedded software solutions, announced today that it will implement a comprehensive cost reduction plan designed to preserve cash and working capital th...
212 reads 0 comments)Montreal (canadaTECH.INFO) – November 19, 2008 - Ambrilia Biopharma Inc. (TSX: AMB) announced today that it intends to initiate a plan aiming to significantly reduce its activities in France. As the divestment strategy is progressing, Ambrilia Biopharma might concentrate all o...
259 reads 0 comments)Richmond, BC (canadaTECH.INFO) – November 18, 2008 - VRB Power Systems Inc. (TSX-V: VRB) announced today that it has been unsuccessful in its efforts to date in seeking offers for the merger, sale, refinancing or other strategic alternative for the company. It has decided that...
779 reads 0 comments)Richmond Hill, ON (canadaTECH.INFO) – November 12, 2008 - GeneNews Limited (TSX: GEN), a developer of blood-based biomarker tests for the early detection of diseases and personalized health management, announced today that it has implemented a strategic restructuring of its No...
212 reads 0 comments)Montréal /Québec City (canadaTECH.INFO) – November 11, 2008 - Copernic Inc. (Nasdaq: CNIC), a software development company specializing in internet, desktop and mobile search products, today announced the consolidation of its operations. The Montreal office will be closed and ...
264 reads 0 comments)Gatineau, QC (canadaTECH.INFO) – November 11, 2008 - ImaSight Corp. (TSX-V: IAS) announced today that it is temporarily shutting down its Liponex division to conserve capital in the current economic turmoil. ImaSight said previously announced efforts to license the technology ...
234 reads 0 comments)Montreal (canadaTECH.INFO) – November 7, 2008 - LMS Medical Systems (TSX: LMZ), a healthcare technology company and developer of the CALM® clinical information system and risk management software tools for obstetrics, announced today that the company has implemented a strategi...