PV LABS LTD.

PV Labs is a Canadian manufacturer specializing in the design and development of turnkey aerial imaging systems. Founded in 2004, the company focuses on providing imaging solutions for security and surveillance, public safety, and the geospatial industry. Based in Burlington, Ontario, PV Labs has developed a novel, modular and scalable IP-protected gimbal technology, known as Fifth-generation Advanced Stabilization Turret (FAST) technology, which provides superior performance in a range of systems. Lockheed Martin invested $10 million U.S. dollars towards PV Labs, under Canada’s Industrial and Technological Benefits (ITB) Policy. FAST enables PV Labs to fully develop for manufacturing qualified variants of the first four product sizes in the FAST range for aerospace and defence customers. The commercialization of the FAST products is expected to create new jobs and deliver annual revenues between $70 million and $100 million, within five years. PV Labs has also raised $6.5M in funding, with Civitanavi Systems and Lockheed Martin as investors.