Richmond Hill Headquartered Laipac Technology Awarded Funding From Ontario To Develop Technologies For Vehicle Occupancy Detection

RICHMOND HILL, Nov. 15, 2017 (GLOBE NEWSWIRE) -- Laipac Technology Inc., a leader in the development of Internet of Things (IoT) products and services, is pleased to announce that it has been awarded funding under the Small Business Innovation Challenge (SBIC) program delivered by Ontario Centres of Excellence (OCE) on behalf of the Government of Ontario.

Categorized in: Business, Information Communications & Technology Posted on: November 17, 2017 Last updated on: November 17, 2017 Written by: Nathan Allen

TORONTO, Nov. 15, 2017 (GLOBE NEWSWIRE) — Laipac Technology Inc., a leader in the development of Internet of Things (IoT) products and services, is pleased to announce that it has been awarded funding under the Small Business Innovation Challenge (SBIC) program delivered by Ontario Centres of Excellence (OCE) on behalf of the Government of Ontario.

SBIC will support the development of technologies that will detect how many people are in vehicles using high-occupancy toll (HOT) lanes to ensure that vehicles with more than one occupant are not inadvertently billed or fined.

Full Article: www.globenewswire.com