BDC helped us meet demand for our new product, grow revenue and make the move toward exports. This has strengthened our position as a major Canadian company on the international scene.
About the company
Develops, manufactures and services measurement-while-drilling (MWD) products for directional drilling in the oil and gas sector.
Location: Calgary, Alberta
Industry: Oil and gas
QCD Technology needed working capital to develop new products and grow. The business wanted to launch its Sonic Tool Adaptor and make 10 units available for sale, which required a sizable investment. The company also required technological improvements and certifications.
- Increased market presence with certification
- Investment in new software stepped up efficiency and fostered sustainable growth
increase in manufacturing on patent-pending product
boost in revenue through exporting