Connect with us

Technology

Fonds de solidarité FTQ-Québec agreement – Official opening of Le Chevalier housing project in Lac-Mégantic

Published

on

LAC-MÉGANTIC, QC, Sept. 20, 2024 /CNW/ – Together with the governments of Quebec and Canada, the Fonds de solidarité FTQ, the City of Lac-Mégantic, the Mégantic-area SADC, Hydro-Québec, and Ste Agnès Knights of Columbus Council 2043 of Lac-Mégantic have officially opened Le Chevalier, a building with 21 social and affordable housing units on three floors. The building, the first of its kind in Quebec, equipped with innovative technology and costing nearly $10.5 million, was built under the Fonds de solidarité FTQ-Québec agreement.

In addition to addressing a critical need for affordable housing, Le Chevalier will be a major hub for local community activities. In addition to housing, Lac-Mégantic Ste Agnès Knights of Columbus Council 2043’s building includes a common room on the ground floor. All units are accessible and adapted for people with reduced mobility. The building has been full since July 2024.

The financial package includes investments by the Government of Quebec ($4.3 million, including an amount from the Fonds au benefice de la communauté de Lac-Mégantic), the Government of Canada through Canada Mortgage and Housing Corporation, the Affordable Housing Fund (AHF), and CED Canada ($3.07 million), the City of Lac-Mégantic ($1.3 million), Ste Agnès Knights of Columbus Council 2043 of Lac-Mégantic ($760,000), Hydro-Québec ($600,000), the Fonds de solidarité FTQ ($350,000), the Mégantic-area SADC ($100,000) and Caisse Desjardins de Lac-Mégantic–Le Granit ($33,000).

A building that promotes energy efficiency

This innovative building is part of Quebec’s first microgrid and targets fundamental energy transition principles with its focus on energy efficiency and the technology it has for its tenants.

The Honourable Marie-Claude Bibeau, Minister of National Revenue and Member of Parliament for Compton–Stanstead, François Jacques, Member of the National Assembly for Mégantic and Government Caucus Chair, on behalf of France-Élaine Duranceau, Quebec Minister Responsible for Housing, Julie Morin, Mayor of Lac-Mégantic, Maude Gauthier, Director, Innovative Solutions–Distribution Network and Customers at Hydro-Québec, Marianne Duguay, Senior Vice-President, Social, Community and Affordable Housing at the Fonds immobilier de solidarité FTQ, Richard Boulanger, Denis Lacroix and Benoit Vachon, representing Ste Agnès Knights of Columbus Council 2043 of Lac-Mégantic, and Marc Cantin, Executive Director of the Mégantic-area SADC, proudly took part in the official opening.

Toward the creation of 2,250 social or affordable housing units

As part of the innovative partnership between the Government of Quebec and the the Fonds de solidarité FTQ, 2,250 social or affordable housing units are scheduled to be built by 2027. Most of the projects will be new construction, and will also include, to a lesser extent, acquisitions of existing buildings for the purpose of renovating them and sustaining rent affordability.

Quotes:

“I’ve often said that we need to innovate to build more housing, faster, especially given the current housing crisis. This collaboration with the Fonds de solidarité FTQ led to the official opening of another important project today. It’s further proof that our government is taking concrete action, alongside the Government of Canada, municipalities and housing organizations, to better house Quebecers.”

France-Élaine Duranceau, Quebec Minister Responsible for Housing

“Everyone deserves a home, and the Affordable Housing Fund is one way we’re making that vision a reality for Canadians. We’ll continue investing in affordable housing projects, like the ones announced today, and working with partners across the country to end the housing crisis.”

The Honourable Sean Fraser, Minister of Housing, Infrastructure and Communities

“I’m proud to see that we’re leveraging all the resources at our disposal to improve the quality of life for low-income families in the Estrie region. The involvement of Ste Agnès Knights of Columbus Council 2043 of Lac-Mégantic, combined with contributions from the provincial and federal governments, the City of Lac-Mégantic and all the partners, shows that we can be agile and join forces to build quality living spaces.”

François Jacques, Member of the National Assembly for Mégantic and Government Caucus Chair

“Every Quebecer deserves a safe and affordable place to call home. The Government of Canada is proud to contribute to the creation of 21 new affordable housing units for Lac-Mégantic’s most vulnerable through the Affordable Housing Fund. This demonstrates our unwavering commitment to ensuring that no one in Lac-Mégantic is left behind.”

The Honourable Marie-Claude Bibeau, Minister of National Revenue and Member of Parliament for Compton–Stanstead

“Le Chevalier is an innovative project that has put our community on course for a green future. The project has been eagerly awaited in our city, and we’re pleased to be among the many partners who have believed in it all along. We’re thrilled to get a new building that reflects every aspect of our vision for a vibrant, eco-responsible downtown where people really live.”

Julie Morin, Mayor of Lac-Mégantic

“This building is the first in Quebec to combine social and affordable housing with such an array of equipment and technology. Le Chevalier is equipped with hybrid solar panels, local heat storage and heat pumps. Hydro-Québec will be there to support the residents, working jointly with building managers to assess the ability of the equipment to increase building energy efficiency and contribute to cutting-edge management.”

Maude Gauthier, Director, Innovative Solutions–Distribution Network and Customers, Hydro-Québec

“We play a tangible role in sustainable real estate and work hard to accelerate housing starts. Today’s announcement shows that by sparing no effort and with the necessary funding, we can build the housing we need. And Le Chevalier isn’t just affordable housing, it meets key sustainable real estate criteria as well, satisfying our objectives in two ways.”

Marianne Duguay, Senior Vice-President, Social, Community and Affordable Housing, Fonds immobilier de solidarité FTQ

“We’re especially proud to see our financial contribution make this community centre a reality. It will without a doubt become a place where all residents will come together and share.”

Marc Cantin, Executive Director of the Mégantic-area SADC 

“Our being together here today is rich with meaning. It’s a great source of pride for the Sainte Agnès Knights of Columbus to be rebuilding this common room and providing homes for the community. We found incredible partners to inspire us to take on a project of this scale—it all bears witness to tremendous strength—the strength of an entire community.”

Benoit Vachon, Ste Agnès Knights of Columbus Council 2043 of Lac-Mégantic

Highlights:

Seniors who will occupy 11 of these units and are eligible may benefit from the Société d’habitation du Québec’s (SHQ’s) Rent Supplement Program, which would ensure that they don’t spend more than 25% of their income on housing. This financial assistance is covered by the SHQ (90%) and the City of Lac-Mégantic (10%).The Affordable Housing Fund (AHF) provides funding in the form of low-interest loans, forgivable loans or contributions. These funds are used to build affordable housing and renovate and repair existing affordable and community housing.As part of the 2023 Fall Economic Statement, the government announced an additional $1 billion for the AHF, bringing total funding to over $14 billion. To further support non-profit, co-operative and public housing providers and meet the needs of those most affected by the housing crisis, the 2024 budget committed an additional $1 billion to the fund.The building is equipped with heat pumps, double-sided solar panels that allow for the production of electricity and preheat water for domestic use, heat storage that will help manage respond to peak demand for heating in winter, LED lighting, and a state-of-the-art management system.The technologies integrated into the building are a first in Quebec. Combined, they will save tenants money on utility bills. Research is planned to understand the adoption of these technologies in an effort to replicate them in other buildings of the same type.

ABOUT THE SOCIÉTÉ D’HABITATION DU QUÉBEC

As a leader in housing, the SHQ’s mission is to meet the housing needs of Quebecers through its expertise and services to citizens. It does this by providing affordable and low-rental housing and offering a range of assistance programs to support the construction, renovation and adaptation of homes, and access to homeownership.

To find out more about its activities, visit www.habitation.gouv.qc.ca/english.html.

Facebook : SocietehabitationQuebec

X : HabitationSHQ

LinkedIn : LinkedIn 

About Canada Mortgage and Housing Corporation

As Canada’s authority on housing, Canada Mortgage and Housing Corporation (CMHC) contributes to the stability of the housing market and financial system, provides support for Canadians in housing need, and offers unbiased housing research and advice to all levels of Canadian government, consumers and the housing industry. CMHC’s aim is that by 2030, everyone in Canada has a home they can afford, and that meets their needs. For more information, follow us on Twitter, Instagram, YouTube, LinkedIn and Facebook.

SOURCE Government of Canada

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Keuka College Notifies Individuals of Data Security Incident

Published

on

By

KEUKA PARK, N.Y., Sept. 20, 2024 /PRNewswire/ — Keuka College has learned of a data security incident that may have involved personal information.

On April 25, 2024, the College identified suspicious activity within its network environment and immediately took steps to secure the environment, restore its systems, and began an investigation to determine the nature and scope of the issue. Keuka College also engaged independent cybersecurity specialists to assist with the process. The comprehensive investigation, which concluded on August 21, 2024, could not determine definitively whether personal information related to current and former students and employees was affected.

Keuka College maintains a variety of records which can include: name, Social Security number, Driver’s license number, student id number, financial account information, and date of birth. Current students and employees were contacted by the College in May and provided with one year of free credit and identity monitoring services.

Keuka College has established a toll-free call center to answer questions about the incident and address related concerns. Call center representatives are available Monday through Friday from 9:00 am to 9:00 pm Eastern Time and can be reached at 1-833-913-7557. Please be prepared to provide the engagement number, B131983, for reference.

View original content:https://www.prnewswire.com/news-releases/keuka-college-notifies-individuals-of-data-security-incident-302254623.html

SOURCE Keuka College

Continue Reading

Technology

TeraBox Celebrates 2nd Anniversary of Its Massively Popular Referral Program

Published

on

By

Continuously expanding webmaster signups, especially in multiple regions, along with new highs in webmaster payouts, has ensured the smooth operation and continuous development of the project.

TOKYO, Sept. 21, 2024 /PRNewswire/ — TeraBox (“TeraBox” or “the Company”), a globally trusted cloud storage service headquartered in Tokyo, recently celebrated the second anniversary of its hugely popular Referral Program, a testament to the smooth operation and continuous development of the project. The number of webmaster signups, including in multiple new regions, continued to increase steadily with webmaster payouts reaching new highs.

TeraBox reveals some of its impressive Referral Program data.

TeraBox’s total number of webmasters worldwide reached over one million.The highest daily income of webmasters reached over $10,000, with the top earner making nearly $180,000.The total number of shares by all webmasters exceeds 500 million.

The network of webmasters spans across the globe, including countries such as India, Indonesia, the United States, Latin America, Middle East, and South Korea. Moreover, as TeraBox’s influence continues to grow, the platform is excited to welcome many new webmasters from an expanding range of countries and regions.

TeraBox has achieved significant milestones, demonstrating its sustainable growth and increasing user impact. The journey started with the Webmaster Center launch in August 2022. Following this, several optimizations were implemented, including a self-withdrawal feature that simplified earnings management for webmasters and increased their engagement. Additionally, the Growth Analysis tool provided webmasters with valuable insights into their operational performance, enabling more effective decision-making.

As a result of these enhancements, both the number of participating webmasters and their earnings have seen remarkable increases. Looking ahead, the upcoming launch of the Webmaster App in September 2024 is set to further elevate user engagement and convenience, solidifying TeraBox’s position as an industry leader.

About TeraBox

TeraBox, developed by Flextech Inc. in Japan, is a leading global cloud storage solution. Headquartered in Tokyo, TeraBox proudly serves over 320 million users globally, providing an easy yet powerful way to store and manage data. With its generous 1TB of free storage, TeraBox ensures that your files are safe, secure, and accessible from anywhere. As a secure, reliable, and convenient service, TeraBox is certified with ISO 27001, ISO 27701, and ISO 27018, offering individual users around the world the opportunity to register for 1TB (1024GB) of free storage.

Photo – https://mma.prnewswire.com/media/2510913/image_5016964_39376930.jpg

View original content:https://www.prnewswire.co.uk/news-releases/terabox-celebrates-2nd-anniversary-of-its-massively-popular-referral-program-302254411.html

Continue Reading

Technology

Industrial Rack and Pinion Market to Grow by USD 998.6 Million (2024-2028), AI Redefining Market Landscape Amid Rising Demand for Machine Tools – Technavio

Published

on

By

NEW YORK, Sept. 20, 2024 /PRNewswire/ — Report with market evolution powered by AI- The global industrial rack and pinion market size is estimated to grow by USD 998.6 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 9.45%  during the forecast period. Growth of industrial manufacturing leading to increase in demand for machine tools is driving market growth, with a trend towards increasing demand for stairlifts in offices. However, availability of substitutes for rack and pinion systems  poses a challenge. Key market players include Apex Dynamics Inc., ATLANTA Antriebssysteme GmbH, B and B Manufacturing Inc., Commercial Gear and Sprocket Co. Inc., GAM Enterprises Inc., Gudel Group AG, HMK Automation Group Ltd., Kohara Gear Industry Co. Ltd., Lomar Machine and Tool Co., MIJNO PRECISION GEARING SAS, Nexen Group Inc., Nidec Corp., P R Components Pvt. Ltd., Pearl Engineers, REDEX Group, Reliance Precision Ltd., Sati SpA, Shri Butbhavani Engineering, Statewide Bearings, and Yuan Yi Chang Machinery Co. Ltd..

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View the snapshot of this report

Industrial Rack And Pinion Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 9.45%

Market growth 2024-2028

USD 998.6 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

8.41

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 41%

Key countries

China, US, Germany, India, and Canada

Key companies profiled

Apex Dynamics Inc., ATLANTA Antriebssysteme GmbH, B and B Manufacturing Inc., Commercial Gear and Sprocket Co. Inc., GAM Enterprises Inc., Gudel Group AG, HMK Automation Group Ltd., Kohara Gear Industry Co. Ltd., Lomar Machine and Tool Co., MIJNO PRECISION GEARING SAS, Nexen Group Inc., Nidec Corp., P R Components Pvt. Ltd., Pearl Engineers, REDEX Group, Reliance Precision Ltd., Sati SpA, Shri Butbhavani Engineering, Statewide Bearings, and Yuan Yi Chang Machinery Co. Ltd.

Market Driver

The industrial rack and pinion market is experiencing growth due to the increasing demand for stairlifts in commercial and industrial applications. Stairlifts are essential for employees who face difficulties climbing stairs in multi-level industrial facilities. Arthritis, joint stiffness, and injuries are common reasons for this challenge. While elevators are an option, not all industrial buildings have them, especially those with only a few floors above the ground level. Stairlifts offer a cost-effective solution for such facilities, enabling employees to access upper floors with ease. These devices utilize long pieces of straight and curved racks and large pinions, leading to an increased demand for rack and pinion systems in the industrial sector. As a result, the global industrial rack and pinion market is poised for growth during the forecast period. 

The Industrial Rack and Pinion Market is witnessing significant growth due to its extensive applications in various industries. Key sectors driving this market include machine tools, actuators, process industries, material handling, offices, and stairlifts. Rack and pinion systems offer precise rotary and linear motion, making them ideal for machine tools and actuators. In process industries, they are used in drive trains and condition monitoring systems for IoT applications. ZHY Gear, a leading industrial gear manufacturer, specializes in rack and pinion gears for diverse industries. Their zero backlash gearboxes are popular in wind turbine gearboxes, motor technology, and construction equipment. Furthermore, rack and pinion systems are used in power plants, oilfields, and offices for material handling and stairlifts. The integration of IoT technology in these systems enhances efficiency and productivity. 

Request Sample of our comprehensive report now to stay ahead in the AI-driven market evolution!

Market Challenges

The industrial rack and pinion market involves the production and sale of linear actuation mechanisms that convert rotary motion into linear motion. Rack and pinion systems are a common choice due to their ability to provide fast movement over long lengths without excessive vibration. However, alternatives such as ball screws and lead screws also exist, each with their unique advantages and disadvantages. Ball screw systems offer smooth and almost friction-free movement but can vibrate at high speeds and longer lengths. In contrast, rack and pinion systems have high friction and a risk of backlash if the pinion does not properly engage with the rack. Ultimately, the choice between these mechanisms depends on the specific requirements of end-users, with some preferring smooth and friction-free systems, while others prioritize high-speed operation. The presence of multiple substitutes and the varying needs of end-users may hinder the growth of the global industrial rack and pinion market during the forecast period.The Industrial Rack and Pinion Market caters to various industries such as power plants, oilfields, machine tools, process industries, material handling, offices, and more. Two primary types of motion – rotary and linear – are served by this market. Key applications include actuators, stairlifts, and industrial gear in wind turbine gearboxes. Challenges in this sector include ensuring zero backlash for precise motion control, integrating IoT and condition monitoring technologies, and catering to diverse industries like motor technology, drive trains, and construction equipment. Notable players in the market include ZHY Gear, addressing the needs of power plants, oilfields, and other sectors with their high-quality rack and pinion solutions.

Discover how AI is revolutionizing market trends- Get your access now!

Segment Overview

This industrial rack and pinion market report extensively covers market segmentation by

Product 1.1 Machine tools1.2 Linear actuation and guideways1.3 Material handlingType 2.1 Alloy steel2.2 Carbon steel2.3 Stainless steel2.4 Aluminum alloy2.5 PlasticGeography 3.1 APAC3.2 Europe3.3 North America3.4 Middle East and Africa3.5 South America

1.1 Machine tools-  The Industrial Rack and Pinion Market refers to the business sector that produces and sells rack and pinion systems for industrial applications. These systems consist of a rack, which is a flat bar with teeth, and a pinion, which is a gear that meshes with the rack. Rack and pinion systems are used in various industries, including material handling, automotive, and construction, to convert rotary motion into linear motion. The market for these systems is driven by factors such as increasing automation in industries and growing demand for efficient material handling solutions. Companies in this market offer customized solutions to meet specific industry requirements.

Download a Sample of our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics

Research Analysis

The Industrial Rack and Pinion Market encompasses various industries including machine tools, actuators, process industries, material handling, stairlifts, offices, and more. Rack and pinion systems are essential components in these industries, providing rotary and linear motion solutions. They are used in machine tools for precise positioning and in actuators for industrial automation. In process industries, they are employed for valve actuation and pump drives. For material handling, they offer zero backlash and high torque for efficient conveyor systems. In the construction industry, rack and pinion systems are used in cranes and hoists. In the realm of renewable energy, they are integral to wind turbine gearboxes. Motor technology and drive trains also utilize rack and pinion systems for efficient power transmission. IoT and condition monitoring systems enhance the performance and reliability of rack and pinion applications. Industrial gear manufacturers like ZHY Gear produce high-quality rack and pinion systems for diverse industries.

Market Research Overview

The Industrial Rack and Pinion Market encompasses various industries and applications, including machine tools, actuators, process industries, material handling, stairlifts, offices, and more. Rack and pinion systems provide rotary and linear motion solutions, essential in industries that require precise and efficient power transmission. These systems are integral to machine tools for accurate positioning and movement. In material handling, they power conveyor belts and other automated systems. Actuators, such as those used in process industries, rely on rack and pinion for precise control and zero backlash. The market also caters to IoT and condition monitoring systems, enhancing industrial gear efficiency and performance. ZHY Gear, a leading manufacturer, offers rack and pinion solutions for diverse applications, from wind turbine gearboxes to motor technology and drive trains. Construction equipment, power plants, oilfields, and various other industries benefit from the reliability of rack and pinion systems.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductMachine ToolsLinear Actuation And GuidewaysMaterial HandlingTypeAlloy SteelCarbon SteelStainless SteelAluminum AlloyPlasticGeographyAPACEuropeNorth AmericaMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/industrial-rack-and-pinion-market-to-grow-by-usd-998-6-million-2024-2028-ai-redefining-market-landscape-amid-rising-demand-for-machine-tools—technavio-302254218.html

SOURCE Technavio

Continue Reading

Trending