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Minister Champagne announces a new governance framework for cleantech funding

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Government of Canada resumes investments to cleantech sector with heightened due diligence  

OTTAWA, ON, June 4, 2024 /CNW/ – The Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, made the following statement:

“Sustainable Development Technology Canada (SDTC) has played a critical role in the growth and success of the clean technology sector in Canada. Established by an Act of Parliament more than 20 years ago, SDTC has a unique governance model that places most of its activities at arm’s length. While this model may have appeared suitable at the time, a new governance approach will strengthen oversight and accountability to meet today’s expectations of stewardship.

“The various reviews conducted ―including the Auditor General’s report ―have revealed serious weaknesses in SDTC’s governance, prompting a new delivery approach to government support for the cleantech sector.

“As soon as allegations were brought forward, my Department acted swiftly to address the situation. We immediately froze new funding to SDTC and initiated two separate independent reviews to thoroughly examine the claims, and invited the Auditor General to conduct an audit. These actions were rooted in our commitment to transparency, accountability, and upholding the highest standards of integrity.

“The government welcomes and agrees with the findings of the Auditor General’s report. We support the recommendations in the report, and many measures have already been implemented or are underway to address them. Our goal is to strengthen governance, enhance accountability, and ensure robust conflict of interest practices within SDTC and across all government operations.

“In light of the above, over the coming months, SDTC programming will transition to the National Research Council of Canada (NRC). The NRC’s vast experience supporting innovative, tech-focused SMEs, under programs such as the Industrial Research Assistance Program (IRAP), makes it an ideal choice to take on the responsibility of supporting homegrown clean technology companies. As a Government of Canada organization, the NRC is subject to rigorous and stringent oversight of its personnel and finances. This structure will help rebuild public trust while increasing accountability, transparency and integrity.

“To support this transition process, the Government has named a new SDTC Board Chairperson and two new Directors who will lead the SDTC in the transfer of its programming to the NRC.

“For their part, SDTC employees will be offered employment with the NRC. Employees at SDTC have gone through a difficult and challenging period. Their dedication and hard work will ensure the continued success of our cleantech startups.

“Effective immediately, SDTC will also resume funding, under a reinforced contribution agreement with ISED, for eligible projects in a sector vital to our country’s economy and clean growth transition. In line with the Auditor General’s findings, my Department will enhance oversight and monitoring of funding during the transition period.

“SDTC programming as well as the NRC’s IRAP, will come together under the previously announced new Canada Innovation Corporation (CIC), creating a national-scale integrated platform to support business research and development, and innovation-driven growth. Once the CIC is established, by 2026-27, SDTC and IRAP employees will be transitioned seamlessly, and their employment will continue under the CIC.”

“Our government is committed to ensuring that organizations which receive federal funding adhere to the highest of standards and always act in the best interest of all Canadians.”

Quick facts

SDTC is an arm’s length, not-for-profit foundation that was established by the Government of Canada in 2001 and its mission is to support the growth and development of precommercial cleantech companies. In October 2023, ISED tasked SDTC with a Management Response and Action Plan in response to a fact-finding report from the third-party organization, Raymond Chabot Grant Thornton.Following allegations of a toxic workplace and inappropriate practices at SDTC, ISED―via the Department of Justice―hired a third-party law firm, McCarthy-Tétrault, to conduct a rigorous review of SDTC’s human resources practices and conduct voluntary interviews with current and former employees. The report concluded that SDTC’s leadership has not contributed to a toxic workplace and there was no improper employment-related conduct in SDTC’s human resources practices.The Office of the Auditor General conducted an audit of SDTC and ISED to determine whether funds were managed in accordance with the contribution agreement (CA) and with proper oversight. The report identified issues around project eligibility and conflict of interest at STDC. The report also recommended enhanced oversight by ISED to ensure SDTC’s full compliance with the CA and the proper allocation of funds.Three new appointments have been made to the SDTC Board: Paul Boothe as the new Chair, and Catherine (Cassie) Doyle and Marta Morgan as Directors. All three have been appointed for 1-year terms. These former senior public servants bring with them the experience required to direct SDTC as its programming transitions to the NRC.The NRC is a Government of Canada organization formed in 1916 that partners with Canadian industry to take research impacts from the lab to the marketplace, where people can experience the benefits. 

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SOURCE Innovation, Science and Economic Development Canada

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INVT at DCW Asia 2026: Power and Cooling for Higher-Density Data Centers

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SINGAPORE, Oct. 2, 2026 /PRNewswire/ — INVT showcased integrated power and liquid cooling solutions at Data Centre World Asia 2026, held September 29–30 in Singapore. The display highlighted how coordinated power distribution, thermal management and infrastructure planning can help data centers accommodate growing AI workloads.

For operators across Asia, the challenge is preparing existing facilities and new projects for greater computing demand while balancing deployment efficiency, reliability and return on investment.

Coordinating Power and Cooling

INVT presented its full modular data centerportfolio, including single-row, dual-row and containerized solutions, alongside the iTalent Liquid-Cooled Modular Data Center. The iTalent system integrates liquid-cooled cabinets, power distribution, intelligent monitoring and secondary-loop piping within a pre-engineered module to simplify on-site integration.

For new facilities and phased expansions, these solutions support coordinated planning that considers deployment requirements, initial investment and long-term operating costs.

The iTalent system incorporates INVT’s coolant distribution unit (CDU) technology, featuring redundant pumps, leak detection, and real-time temperature and pressure monitoring. Standalone CDU options support gradual liquid cooling adoption, enabling upgrades around existing heat-rejection capacity, piping conditions and IT requirements.

Megawatt-Class Power Per Cabinet

INVT also presented its RM modular UPS, with capacities from 100 to 1200 kVA, and a 150 kW power module in a compact 3U form factor, with double-conversion efficiency of up to 98.3%.

The compact design helps optimize space utilization, while modular architecture supports capacity additions as IT demand grows, helping operators align investment with deployment stages and reduce initial over-provisioning.

The exhibition connected these product capabilities with practical project decisions: how to introduce liquid cooling, allocate space for power equipment and expand infrastructure as demand develops. This approach supports discussions between operators, consultants and engineering teams before equipment selection and site integration.

Connecting Manufacturing with Project Delivery

“Operators upgrading existing facilities or building new capacity need to consider equipment compatibility, delivery schedules and long-term support,” said Real, INVT’s ASEAN Director. “Our in-house engineering and manufacturing capabilities give project teams direct access to discussions on configurations, interfaces and factory testing, helping address integration requirements early.”

About INVT

Founded in 2002, Shenzhen INVT Electric Co., Ltd. is listed on the Shenzhen Stock Exchange (stock code: 002334). Its data center infrastructure portfolio includes UPS, precision cooling and integrated modular solutions for telecommunications, finance, education and other sectors. INVT’s data center equipment serves customers in more than 120 overseas countries and regions.

Contact:upssales@invt.com

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/invt-at-dcw-asia-2026-power-and-cooling-for-higher-density-data-centers-302896804.html

SOURCE Shenzhen INVT Electric Co., Ltd.

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Hyundai Motor Unveils the All-New TUCSON, Its Boldest SUV

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The all-new TUCSON embodies the “Boldest SUV” vision through its “Art of Steel” design, enhanced hybrid performance and intelligent efficiency, and advanced Pleos Connect infotainment systemA refined, spacious cabin enhances everyday comfort with intuitive controls, flexible storage and available relaxation featuresNext-generation Hybrid System delivers intelligent efficiency, targeting up to 42 mpg while harmonizing fuel economy with dynamic driving performancePleos Connect drives everyday progress with an ever-evolving digital experience, enabled by Gleo AI, an expanding app marketplace, and intuitive UI/UXTUCSON XRT PRO expands adventure capability with Smart Terrain Assist and advanced off-road technologiesHyundai premieres the all-new TUCSON globally against the Manhattan skyline, showcasing the vehicle’s progressive spirit and reinforcing its position as a global SUV icon.

NEW YORK, Oct. 2, 2026 /PRNewswire/ — Hyundai Motor Company today unveiled the all-new TUCSON, introducing its boldest SUV ever, which combines the “Art of Steel” design philosophy, hybrid performance enhanced by intelligent efficiency, and the advanced Pleos Connect next-generation infotainment system.

The all-new TUCSON made its world premiere against the iconic backdrop of the Manhattan skyline in New York City, underscoring Hyundai Motor’s confidence in its best-selling global SUV. The dynamic urban venue reflected the vehicle’s progressive spirit, celebrating TUCSON’s rich heritage as a global market leader while signaling a new era of versatile mobility.

Designed for ultimate versatility, the all-new TUCSON seamlessly transitions from sophisticated daily commutes to rugged weekend getaways. Guided by the “Art of Steel” design philosophy, it combines muscular exterior styling with a purposeful, tech-forward interior. Alongside the standard model, the debut of the rugged TUCSON XRT PRO further elevates its off-road capability. Integrated with Pleos Connect featuring Gleo AI, an advanced Next-generation Hybrid System, and Hyundai’s first Smart Terrain Assist (STA), the all-new TUCSON lineup empowers customers with confidence and elevated convenience across diverse lifestyles and life stages.

“Millions of families around the world count on the Hyundai TUCSON, and this is the best one we have ever built,” said José Muñoz, President and CEO, Hyundai Motor Company. “Its combination of bold design, generous cabin space, seamless infotainment, and available hybrid efficiency sets a new standard for what customers should expect in this segment. TUCSON opens the most ambitious product offensive in our history, including more than 100 new and refreshed vehicles globally by 2030 — 58 in North America alone.”

[Explore The all-new TUCSON in Detail]

Watch the official all-new TUCSON launch film on Hyundai Worldwide’s YouTube channel. Discover key highlights about the all-new TUCSON [Link].

More information about Hyundai Motor and its products can be found at:
https://www.hyundai.com/worldwide/en/ or Newsroom: Media Hub by Hyundai

SOURCE Hyundai Motor Company

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Nuix Takes to Sibos 2026 to help Financial Institutions Turn Complex Data into Financial Crime Intelligence

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MIAMI, Oct. 1, 2026 /PRNewswire/ — Nuix, a global leader in investigative analytics and intelligence software, was at Sibos 2026 in Miami, where the company showcased how its Nuix Neo platform helps financial institutions uncover financial crime, build evidence, defensibly support prosecution and enable justice from within complex, unstructured data.

Up to 90% of enterprise data is unstructured, including emails, documents, chat, counterparty data, transaction records, case files, and voice, that conventional systems cannot read, meaning critical risk signals could be missed. While the financial services industry continues to invest heavily in artificial intelligence (AI), Nuix is drawing attention to a more fundamental challenge: ensuring the data underpinning those investments is complete, accessible, reliable and connected.

“AI is only as good as the data beneath it, and in complex financial crime investigations seeing and connecting all evidence is critical,” said Chris Stephenson, Head of Industry Advocacy at Nuix.

Nuix Neo is an integrated, AI-enabled, unstructured data intelligence platform with a patented data processing engine that can extract information from complex data, processing over 1,000 file types with forensic precision, at a binary level. Deterministic natural language processing classifies and risk scores the data, while the platform’s semantic search capabilities surface relevant documents based on meaning and context, across languages. Each step in the workflow seamlessly filters, minimizes, curates and prioritizes the data to reduce manual data review and optimize investigative outcomes. Every action is recorded at the point of processing rather than reconstructed afterwards, so an institution can show a regulator, a Financial Intelligence Unit (FIU) or a court how a conclusion was reached.

Nuix has integrated decision intelligence and graph analytics capabilities from its acquisition of Linkurious, into Nuix Neo to help financial crime teams visualize relationships across accounts, people, organizations and transactions. This allows analysts to explore how those entities are connected and identify sophisticated patterns across complex networks at scale.

“Financial crime teams are not short of alerts; they are short of certainty. When data is fragmented, unstructured, and complex, the work becomes piecing it together with the wider context to build a full picture. We do that part, so the team’s hours go to the risk that matters and the decision is explainable and defensible end to end,” said Stephenson.

“Once you can see the network, you can investigate the risk in context,” said Stephenson. “With Nuix Neo analysts can follow a counterparty across accounts, jurisdictions and years of transaction history, and then show a regulator exactly how they got there.”

Financial crime compliance teams can investigate the counterparty relationships, transaction patterns and connections that can be difficult to identify through traditional tabular analysis. They can analyze multi-hop relationships, overlay external enrichment sources and corporate registries to uncover sophisticated criminal schemes. Analysts can triage with confidence, and years of historical transaction data can be reprocessed to surface patterns earlier models missed.

Explainable, Defensible AI

Nuix Neo’s responsible AI architecture incorporates deterministic scoring to drive explainable, auditable, and defensible outcomes. Organizations can also connect their own approved large language models with Nuix Neo’s BYO-AI capability, maintaining data sovereignty and audit trails. As with any Gen AI capability, outputs remain probabilistic and must be verified against source material and are intended to support, not replace, the judgment of qualified investigators, analysts, reviewers, and legal professionals.

About Nuix
Nuix is a leading provider of investigative analytics and intelligence software, that empowers customers to be a force for good by finding truth in the digital world. We help customers collect, process and review large amounts of structured and unstructured data, making it searchable and actionable at scale and speed, with forensic accuracy.
For further information, please visit nuix.com

View original content:https://www.prnewswire.com/news-releases/nuix-takes-to-sibos-2026-to-help-financial-institutions-turn-complex-data-into-financial-crime-intelligence-302896828.html

SOURCE Nuix

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