Joe Preston, MP -- Elgin - Middlesex - London - Preston

July 22, 2009

LONDON, Ontario – On July 22, 2009 Sciencetech Inc. was visited by the Honorable Joe Preston, M. P. for Elgin-Middlesex-London at its new plant in London today.

Sciencetech is a privately owned, Canadian company, with 20 medium and small investors.

The new facility was possible with the support of its shareholders, who were able to bring in new investment, and the support of the Royal Bank of Canada who has been its corporate bank for over 20 years.

Sciencetech Inc. (SCI) has been designing and manufacturing in the field of optics and spectroscopy in London since 1985. Gil Levy, President and main designer behind much of the equipment developed by SCI, was there today to greet the visitor and his assistants.

This year Sciencetech received two main recognitions, the London Chamber of Commerce 2009 “Global Traders Innovation” Achievement Award as a small business trading through representatives in more than 30 countries around the world; and the City of London 2009 Race Relations Recognition Award, Business and Labour Category in recognition of its actions in employing a diverse workforce and promoting an inclusive workplace culture.

Started in one of the “incubator” facilities supported by the City of London, the London Small Business Centre, Sciencetech is a real Londoner, and when it became necessary to expand (for the third time now), despite some pressure to re-locate farther east, Sciencetech decided to stay here.

Much of that decision was because of our loyal and valuable personnel who call London home, and have helped Sciencetech become the company that it is today. We also appreciate the efforts of the London Economic Development Corporation (LEDC) whose assistance included, in addition to other services, more than two years of patient help with Sciencetech’s search for a new location.

The new facility is the culmination of the vision of Sciencetech’s founder, former President and current CEO Alex Quaglia. Located near Highbury Ave. just south of the 401 with a value of just over $1,000,000.00, it was built by contractor MCI who delivered on budget and on schedule, despite a winter like the one we just said good-bye to.

Sciencetech products are used for purposes ranging from basic research to production control, in fields including medical research, biotechnology, space science, analytical chemistry, material research, pharmacology, applied physics, aerospace, food sciences, environmental and academic research. Sciencetech’s instrument design and development capabilities are evidenced by a distinguished list of customers, the broad range of applications for its products, plus the company’s own branded line of products.

In 2003 the Sciencetech was awarded a multi-million dollar contract by the European Space Agency for the design and manufacture of a pair of highly customized terahertz spectrometers to calibrate detectors for the Plank/Herschel spacecraft, that was launched in May on a mission to measure the cosmic background radiation telling us about the earliest stages of the universe.

More down-to-earth, an important part of the reason for Sciencetech’s present expansion is the growth of the company’s line of Solar Simulators, used in the development and manufacture of photovoltaic solar cells and other devices for capturing solar energy. This has provided the opportunity for Sciencetech to gear toward a new stage for the company: the volume production of dedicated equipment, offering great value for its customers and an important contribution toward green technologies and related environmental research.

Sciencetech expresses its special thanks to the LEDC for all its support for the new facility, as well as to the many other government agencies and programs that have helped them throughout the years.

At the Federal level programs like SR&ED and IRSP from the NRCC are crucial for operations like Sciencetech’s. Their assistance played an important part in keeping this example of High Tech in London a reality.

Contact:

Alex Quaglia
CEO
Sciencetech
Tel.: 519-644-0135