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20 Jan 2014

Three agreements signed in Japan

Hotel New Otani Tokyo- More than one hundred représentatives from the Japanese private sector came to hear Minister Lisée present the Québec government's economic development priorities and the business opportunities that they create.

On the first day of a mission in Japan, Minister Jean-François Lisée announced that three partnership agreements will be signed between Québec and Japanese businesses.

These announcements were made during a business luncheon in which the Minister presented Québec’s economic development priorities to an audience of over one hundred representatives from the Japanese private sector.

“Our government is sparing no effort to help Québec businesses and research centres in their quest to conquer new export markets. By choosing to join forces with Québec’s expertise, our Japanese partners are confirming that Québec businesses are innovative, creative and have recognized know-how in many fields," pointed out the Minister.

Québec’s expertise

Acquisio, a Québec-based company that is a world leader in media solution platforms for interactive media, and IREP, a Japanese firm, announced that they have formed a strategic partnership for a joint venture to support Acquisio’s growth initiative in Japan. As part of their partnership, Acquisio and IREP will share expertise and technology in the interest of offering an adapted solution to the Japanese market. This long-term contract represents $5 million of joint investments and will result in the creation of around forty jobs.

A world leader in animation technology and digital content, Québec-based Toon Boom Animation and Japanese firm HeARTBIT Digital Creation have signed an agreement on distributing Toon Boom Storyboard Pro and Harmony software products in the Japanese market and translating them into Japanese for local clientele. Considering the size of the Japanese animation market, this agreement will give the new partners a competitive edge of up to 10% of the software market share in the first year.

As for energy, IREQ, Hydro-Québec's research institute, and SEI Corporation, a Japanese group, are teaming up to market a new technology for Li-Ion batteries, including the respective patents of both institutions.

“Québec is firmly focused on the future: 22.6% of the manufactured goods it exports are linked to high technology, compared to 11.5% for Canada. Our companies use innovation to grow their productivity and competitiveness,” concluded Minister Lisée.

Acquisio
Toon Boom Animation
Institut de recherche d’Hydro-Québec (IREQ)

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