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Siemens to establish global AI Manufacturing Technologies R&D Center for Battery Production in Canada

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2 years ago

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Investment of CAD$150 million (ca. €97 million) over five yearsCenter supports Canada’s strategy to advance national battery and EV ecosystem

HANNOVER, Germany, March 31, 2025 /CNW/ – Siemens will invest CAD$150 million (ca. €97 million) over five years to establish a Global AI Manufacturing Technologies Research and Development (R&D) Center for Battery Production in Canada. The new R&D center, located initially at Siemens Canada’s head office in Oakville, as well as in Toronto and Kitchener-Waterloo, Ontario, will focus on developing cutting-edge AI manufacturing technologies with an initial emphasis on battery and electric vehicle (EV) production. It will leverage Siemens’ expertise in AI, edge computing, machine vision, digital twins, and cybersecurity to drive innovation and efficiency in battery production, while fostering collaboration with higher education institutions and battery manufacturers. Expected outcomes of the work to be conducted at the R&D center include higher, consistent quality in battery production, increased workforce productivity and capacity, reduction of battery scrap, and improved recycling and circularity. With the Global AI Manufacturing Technologies R&D Center for Battery Production, Siemens will contribute to the Canadian government’s strategy to become a global leader in battery manufacturing.

“The decision to choose Canada as home for our Global AI Manufacturing Technologies R&D Center was driven by Canada’s highly qualified talent and strong collaborations with world-leading universities,” says Rainer Brehm, CEO, Factory Automation, Siemens Digital Industries. “The new R&D Center for Battery Production will position Siemens as a key player in the global battery sector, developing the critical technology advancements for the industry to meet the increasing demand for these products.”

The €97 million investment by Siemens over five years includes investments in labor, equipment, software, and ecosystem support. This initiative will further solidify Canada’s position as a leader in the green battery manufacturing sector and aligns with the Canadian government’s objectives to advance the national battery and EV ecosystem. This investment is made possible through the support of both the Government of Canada and the Government of Ontario.

“Canada is a world leader in battery manufacturing, including here at home in Oakville,” said the Honourable Anita Anand, Minister of Innovation, Science and Industry. “Thanks to our skilled workforce and our access to global markets, Siemens is choosing Canada for its research and development center. This is great news for innovators and for our community.”i

The Honourable Doug Ford, Premier of Ontario, stated, “Siemens’ latest investment in Ontario is a vote of confidence in our world-class workforce, our investment friendly business environment and our growing end-to-end electric vehicle supply chain. I’m thrilled to welcome this investment and build on our productive partnership with Siemens, which stretches back more than a century.”

“Thanks to our world-class workforce and competitive business environment, Ontario continues to be a global destination for investment and job creation, particularly in our EV and EV battery sector,” said the Honourable Vic Fedeli, Minister of Economic Development, Job Creation and Trade. “We’re thrilled to welcome this latest investment by Siemens, along with the up to 90 good-paying jobs it will create in Ontario.”

Faisal Kazi, President and CEO of Siemens Canada, stated, “The establishment of a Global AI Manufacturing Technologies R&D Center for Battery Production in Canada will help advance Canada’s national battery and EV ecosystem and will foster collaboration with higher education institutions and battery manufacturers to innovate production in the industry. With investment from Siemens and the support of the federal and provincial governments, this initiative will not only enhance Canada’s competitiveness in the global battery market but also contribute to the country’s economic growth. We thank the Canadian and Ontario governments for their support.”

Siemens Canada is a leading technology company focused on industry, infrastructure, mobility and healthcare. The company’s purpose to is to create technology with purpose, transforming the everyday, for everyone, since 1912. By combining the real and the digital worlds, Siemens empowers its customers to accelerate their digital and sustainability transformations, making factories more efficient, cities more liveable, and transportation more sustainable. Siemens also owns a majority stake in the publicly listed company Siemens Healthineers, a leading global medical technology provider pioneering breakthroughs in healthcare. For everyone. Everywhere. Sustainably. In fiscal 2024, which ended September 30, 2024, Siemens Canada had revenues of approx. $2.2 billion CAD. The company has approximately 4,400 employees from coast-to-coast and 37 office and production facilities across Canada. Further information is available at www.siemens.ca. Further information is available at www.siemens.ca

SOURCE Siemens Canada

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STEPHEN A. SMITH ADDRESSES WHITE HOUSE DINNER ATTENDANCE, REAFFIRMS COMMITMENT TO HBCUs AND PROTECTING CORPORATE INVESTMENT IN BLACK EDUCATION

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30 minutes ago

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October 24, 2026

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NEW YORK, Oct. 23, 2026 /PRNewswire/ — Stephen A. Smith, media mogul, New York Times bestselling author, and proud 1991 graduate of Winston-Salem State University, is addressing the public discussion surrounding his decision to attend a White House dinner with President Donald Trump, emphasizing his commitment to the long-term financial stability of Historically Black Colleges and Universities (HBCUs).

For Smith, the decision was rooted in a commitment to institutions that have educated generations of Black leaders, professionals, entrepreneurs, and public servants.

“I will always advocate for HBCUs and the students whose futures depend on them,” Smith said. “My reason for attending the White House dinner was to discuss the challenges these institutions face in securing long-term funding and to make the case that corporate America must continue to invest in them.”

Smith acknowledged federal support through the FUTURE Act while expressing concern that political tensions surrounding diversity, equity, and inclusion (DEI) could discourage private companies from supporting HBCUs. He maintains that these institutions deserve sustained corporate partnerships, philanthropic contributions, and public investment.

“If we truly believe in free-market capitalism, businesses should be able to support educational institutions and charitable causes without fear of criticism or repercussions,” Smith said. “HBCUs have made extraordinary contributions to this country. They deserve sustained public and private investment.”

Ashley Christopher, Esq., Founder and CEO of the HBCU Week Foundation, recognized Smith’s advocacy and decision to engage with the administration.

“Stephen A. Smith has been a powerful advocate for HBCUs, using his platform and influence to shine a national spotlight on our institutions,” expressed Christopher, “His continued support of HBCU Week helps advance our mission of connecting students with life-changing educational opportunities, and we are proud to have him as our ambassador.”

Since Smith became an HBCU Week Ambassador in 2019, the initiative has facilitated more than 15,000 on-the-spot college acceptances and raised and awarded more than $150 million in scholarships, according to the HBCU Week Foundation.

As public discussion continues, Smith is emphasizing the importance of ensuring HBCUs have the resources and partnerships needed to educate future generations and expand opportunities for students.

CLICK HERE to watch Smith’s full response to his White House visit.

MEDIA CONTACT:

media@mrsasinc.com

View original content:https://www.prnewswire.com/news-releases/stephen-a-smith-addresses-white-house-dinner-attendance-reaffirms-commitment-to-hbcus-and-protecting-corporate-investment-in-black-education-302918547.html

SOURCE Straight Shooter Media

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Advantex Announces Completion of Financing and Extension of Maturity Date of Previously Issued Debentures

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31 minutes ago

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October 24, 2026

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TORONTO, Oct. 23, 2026 /CNW/ — Advantex Marketing International Inc. (CSE: ADX) (“Advantex”), a leader in the merchant cash advance and loyalty marketing products for merchants, today announced the completion of a $250,000 secured debt financing. Advantex issued a $250,000 non-convertible debenture which bears an interest rate at 12% per annum and matures December 15, 2027. The proceeds raised from this issuance of the Debenture will be used for working capital purposes.

Advantex has also extended the maturity of its existing $700,000 in 12% secured debentures from October 10, 2026 to December 15, 2027.

About Advantex Marketing International Inc.

Advantex provides working capital to merchants. Advantex also provides specialized marketing programs that enable members of Aeroplan to earn Aeroplan points at participating merchants.

Advantex shares trade on the Canadian Securities Exchange under the symbol ADX. For more information go to Advantex’s profile on www.sedar.com

Forward-Looking Information

This news release contains “forward-looking statements” within the meaning of applicable securities laws relating to the future business and operations of Advantex. Actual results and developments may differ materially from those contemplated by these statements. The business and operations of Advantex described herein is dependent on a number of factors and is subject to a number of risks and uncertainties. Factors that could cause actual results to differ material include, but are not limited to, changes in Advantex’s economic and competitive conditions including but not limited to the industry sectors in which Advantex operates.

The statements in this news release are made of the date of this release. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date the statements are made and Advantex undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable law.

SOURCE Advantex Marketing International Inc.

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Club Offers for Travel Enthusiasts in Canada

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2 hours ago

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October 23, 2026

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TORONTO, Oct 23, 2026 /PRNewswire/ — Travelzoo® (NASDAQ: TZOO), the club for travel enthusiasts, announces three of many new Club Offers for Club Members in Canada.

Rigorously vetted and negotiated for us travel enthusiasts:

$799—COSTA RICA WEEK WITH FLIGHTS & CAR
We think fall is an ideal time to visit Costa Rica; the scenery is lush and the crowds are gone. Drive between volcanic Arenal and the idyllic beaches of Tamarindo on this seven-night trip. Since it’s not as busy, we were able to negotiate a price that saves members up to $648 on departures through mid-December.

$899—BARCELONA: 5 NIGHTS WITH FLIGHTS
Explore Barcelona’s world-class museums and architectural masterpieces in the quieter winter months to pack more into your trip. You won’t waste hours in lines and can access top restaurants that are fully booked in summer. We save $300 on travel this January and February, when temperatures are still spring-like. Roundtrip flights from Toronto, hotel and daily breakfast are included.

$999—ST. KITTS GETAWAY FOR 2, REG. $2083
Most visitors to St. Kitts book months in advance, but when we pointed out that travel enthusiasts are more spontaneous, this resort gave us a terrific rate for stays this November and December. Spend four nights in Frigate Bay and get an upgraded Oceanview room, too.

Are you a travel enthusiast? Join the club today: https://travelzoo.com

Who are we?
We, Travelzoo®, are the club for travel enthusiasts. We reach 30 million travellers. Club Members receive Club Offers negotiated and rigorously vetted by our deal experts around the globe. Our relationships with thousands of top travel companies give us access to irresistible deals. Our club and its benefits are built around the lifestyle of a modern travel enthusiast.

Media Contact: 
Amanda Ieraci – Toronto
+1 437 866 8540
aieraci@travelzoo.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/club-offers-for-travel-enthusiasts-in-canada-302918543.html

SOURCE Travelzoo

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