Quebec-based Stedfast Inc., a developer and supplier of high-tech coated and laminated fabrics
for use in protective clothing, has received $3.6 million in funding from The Solidarity Fund QFL,
a Montreal-based development capital company that invests in all economic sectors to promote
economic growth in Quebec. Stedfast plans to use the funds to research and develop new processes
and products. Its product line already includes coated and laminated fabrics that offer
flame-retardant and antibacterial characteristics to the civil, military, medical, maritime and
industrial sectors.
“The Fund is very pleased to be associated with a company like Stedfast, which over the years
has managed to be successful in a traditional sector like textiles,” said Gaétan Morin, executive
vice president, investments, the Solidarity Fund QFL. “By creating innovative fabrics, the company
found a way to stay in the game, and thanks to its highly specialized team, continuous investments
in technology and R&D, and ability to develop new markets, including North America, the company
has become an industry leader.”
October 23, 2007
