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SOCO INVESTS IN SCI-TEC INSTRUMENTS INC.

Released on September 11, 1997

Economic and Co-operative Development Minister Janice MacKinnon, also

minister responsible for the Saskatchewan Opportunities Corporation

(SOCO), announced today that SOCO is making a $1 million equity

investment in SCI-TEC Instruments Inc. of Saskatoon.



"Innovation is a key ingredient to economic success in the new

information economy. SOCO is targeting innovative technology

companies such as SCI-TEC for investment because they will create

wealth and jobs," MacKinnon said at the grand opening of the company's

new manufacturing facility today. "This expansion demonstrates that

SCI-TEC has developed an effective strategy for growth, and will make

an important contribution to the economic development of our

province."



SOCO's investment will assist the company in its strategy to increase

sales from $10.8 million in 1996 to $100 million in the year 2000.

The company expects that 50 per cent of the growth will come from

current products and new developments, and the other 50 per cent will

be generated by acquisitions and mergers.



SCI-TEC was incorporated in 1981 and employs 40 people in

Saskatoon. The company expects to create about 10 new jobs in the

next two years. Most of the positions will require advanced

technical skills and a scientific background.



SCI-TEC manufactures advanced equipment used in environmental

monitoring. One of its products, the Brewer Ozone

Spectrophotometer, was instrumental in the discovery of the

thinning of the ozone layer. The Brewer has been installed at

140 sites on seven continents and operates in a niche market with

virtually no competition.



SOCO has a mandate to facilitate economic growth through

investment in viable businesses and in infrastructure which

supports the development of business. It has invested more than

$19 million in Saskatchewan businesses since its creation in

1994. Its investments have contributed to the creation of 377

full-time jobs, 49 part-time jobs and 412 temporary jobs, and

have helped maintain another 440 jobs. It also owns and operates

Innovation Place, a world-recognized research and development

park in Saskatoon.



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For more information contact:



Jan Carter

Saskatchewan Opportunities Corporation

Regina

Phone: (306) 787-8576

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