A new company focused on providing remote patient monitoring solutions is opening a service centre in Prince Edward Island, said Premier Robert Ghiz.
“The Government of Prince Edward Island is pleased to welcome MDDx Corporation to the Island business community,” Ghiz said. “This innovative company complements our Government’s innovation and economic development strategy, Island Prosperity: A Focus for Change. MDDx also strengthens the development of the e-Health Centre of Excellence at the Holman Building in downtown Summerside.”
MDDx (which stands for Medical Devices & Diagnostics) uses wireless monitoring technology to provide real-time remote medical diagnostic monitoring and reporting services between cardiovascular patients and their healthcare providers. The company, created by Pearl Capital Group of New York, is expected to employ up to 20 people in Summerside within two years.
The launch of MDDx was made possible through an investment by the Boeing Company. The investment is in line with Canada’s Industrial and Regional Benefits policy and has been credited to Boeing’s reinvestment plan associated with the acquisition of four C-17 Globemaster III multimission transport aircraft delivered to the Canadian Forces.
“Boeing is dedicated to delivering on the promises it makes to invest in the regions where we do business, as this investment in MDDx demonstrates,” said Gwen Kopsie, director of International Industrial Participation and Alliances for Boeing Integrated Defense Systems. “We are committed to creating partnerships that result in long-term, high-value jobs for Canadians.”
“We are pleased to see world leaders such as Boeing and Pearl Capital Group select Prince Edward Island as a location to do business,” said Allan Campbell, Minister of Innovation and Advanced Learning. “The Island’s labour force continues to be an attractive selling feature when recruiting new companies to the province. MDDx will create highly-skilled, well-paying jobs for Islanders.”
The Province of Prince Edward Island is supporting MDDx with a labour rebate agreement of up to $500,000 for the first 20 positions created. Government is also investing in a $100,000 strategic infrastructure rebate for the purchase of equipment and technical infrastructure.
Canada’s Industrial and Regional Benefits policy requires companies receiving federal defense and security contracts to invest in the Canadian economy at a value equal to the contract. These investments encourage industrial development and produce significant economy activity in Canada. As a result of this policy, the Government of Prince Edward Island was able to partner with Boeing Corporation and Pearl Capital Group to develop this innovative investment opportunity.
“The Industrial and Regional Benefits policy is an excellent opportunity for PEI to showcase our capabilities and the high quality of our labour force,” said Premier Ghiz. “We will continue to work with industry and our federal partners to leverage further economic development opportunities from this program.”