Xiplinx Lands $700K in Grants, Loans
Xiplinx Technologies Ltd., the Saint John company that helps manufacturing plant managers monitor data from around their factories, has landed about $700,000 in debt and grants from provincial and federal governments.
The company announced this week that it would receive a $500,000 loan from the provincial government and a combination of grants and loans from the Atlantic Canada Opportunities Agency totalling $214,250. The money will help the company to expand its team – now at five full-time employees and two contract workers – in such areas as sales and account management.
Xiplinx’s