
May 18, 2023 – Quebec Minister of Economy, Innovation, and Energy, Pierre Fitzgibbon, announced on Thursday an investment of nearly $10 million to support the Tangente AI 2.0 project focused on developing future transportation technologies. Tangente AI includes three partner companies: BusPas, Knowledge Providers (better known as KPI Digital), and Carritec Matrices.
The Tangente AI 2.0 project, which totals investments of $19.77 million, aims to develop “a hardware and software solution for connected bus stops, data analysis, and the dissemination of key information for various stakeholders in mobility and smart cities,” according to a statement sent to the media.
“It will also enable the addition of new features and the development of a display for the interiors of bus shelters, demonstrating its real-world usage in Quebec, Canada, and the United States,” the statement added.
This government support “will help Quebec in its decarbonization process and thus in its transition to sustainable and intelligent mobility, while creating economic benefits,” stated Mr. Fitzgibbon.
The Quebec government has already supported a first phase of the Tangente AI project with an investment of nearly $3.8 million. The first phase of the project was valued at $11.6 million.
The funds were allocated as part of a call for projects on the development of future technologies that took place from July to September 2022. A total of $115.03 million was allocated across four categories: support for mobilizing projects aimed at developing innovative products in the electric vehicle industry; support for mobilizing projects focused on battery development; support for mobilizing projects related to next-generation aircraft technologies; and support for collaborative projects linked to promising aerospace business segments.
Jennifer Gravel / Noovo Info
Original posting on Noovo Info in french.