OTTAWA, ON – June 8, 2012 – Neptec Design Group, a leader in spaceflight engineering, today announced the successful completion of the Canadian Trade Mission to Russia, where company executives met with high-level representatives from government and the space industry as part of a five-day visit.

Coming together to discuss future joint projects in the aerospace field, Neptec, DFAIT and the Canadian Space Agency met with Russian partners Roscosmos and TsniiMASH. The trade mission, which was led by the Honourable Ed Fast, Minister of International Trade and Minister for the Asia-Pacific Gateway, took place between June 3-8, with meetings held in St. Petersburg and Moscow.

“Thanks to the support of the Embassy, the Canadian Trade Commissioner Service and of course Minister Fast himself, we were able to make significant progress in our efforts to partner with Russia on projects of mutual interest,” said Neptec’s VP of International Business Development Larisa Beach. “This is a major step forward in our negotiations and were it not for this trade mission, we wouldn’t have been able to get such impressive attendance at one table.”

Trade between Canada and Russia has intensified over the last decade, reflecting Russia’s emergence as a major global economy. According to DFAIT, bilateral merchandise trade expanded to nearly $2.8 billion in 2011 from about $620 million in 2002.

Neptec would like to thank DFAIT team members, both in Moscow and Canada, as well as Minister Fast for hosting this important event.

“The presence of high-level government support sent a very strong message regarding Canada’s commitment and interest in the Russian aerospace market,” said Beach. “We will use the foundation laid during the mission to build stronger partnerships for the future.”

About Neptec Design Group Ltd.
Neptec Design Group Ltd (www.neptec.com) designs, builds and implements real-time 3D sensor systems and applications primarily for the aerospace sector. With new solutions for aerospace, defence and industry, Neptec, a CSA/NASA prime contractor, continues to be a pioneer in the innovative use of mission critical systems and applications. In February 2011, Neptec was awarded the George M. Low prize, NASA’s premier honour for quality and performance, marking the first time a non-U.S. company received the award. Neptec is a privately owned Canadian company of approximately 80 staff, headquartered in Ottawa, operating as Neptec Design Group Ltd in development of innovative technologies and systems for the Space market, Neptec Technologies Corp., an affiliated company, focusing on the commercialization of Neptec’s technology in terrestrial markets and NeptecUSA, located in Houston Texas, supporting the US Market.

For more information, please contact:

Larisa Beach
VP International Business Development
+1 (613) 862-5908

Mike Kearns
President, Space Exploration
+1 (613) 293-3593