Cumberland North MLA Brian Skabar
AMHERST – More government support appears to be coming the way of LED Roadway Lighting.
Cumberland North MLA Brian Skabar is scheduled to make an announcement Friday on behalf of Economic and Rural Development Minister Percy Parris.
Skabar will be joined by Peter MacNeil, director of venture capital with Nova Scotia Business Inc.
In 2011, the company, run by Halifax’s Chuck Cartmill, secured a $4-million follow-on equity investment from Montreal-based venture capital firm Cycle Capital. The company attracted that investment with the help of NSBI.
Since then, LED Roadway has signed contracts with both Nova Scotia Power and NB Power and entered into an agreement to provide LED streetlighting to the Dominican Republic and Manchester, England as well as Massachusetts and other locations.