Research & Development Corp., Rolls-Royce Canada investing combined $952,000 in development project
ST. JOHN’S, N.L.—The Research & Development Corp. (RDC), a Crown corporation of Newfoundland and Labrador, is investing alongside Rolls-Royce Canada Ltd. in the development of a new winch system designed with Arctic operating in mind.
According to the RDC, it is chipping in $300,000, while Rolls-Royce’s Canadian operating unit and its industry partners will kick in a further $951,950 to develop a new intelligent winch system to address the challenges of operating in harsh offshore environments, including in Arctic conditions.
“Companies like Rolls-Royce recognize Newfoundland and Labrador as a leader in R&D and in the advancement of the innovative technologies required for harsh operating environments,” Newfoundland and Labrador’s Minister of Innovation, Business and Rural Development, Susan Sullivan, said in an RDC release.
“Our research and development capacity and skilled labour force are well known globally and have elevated our position as a world leader in offshore operations. I am pleased that RDC’s investment of $300,000 will support making our offshore industry safer, which is paramount.”