Mr. Speaker, the LanSer company of Westmount, Quebec, was on the last trade mission led by our Prime Minister, and came back from Thailand with very good news for the future.
This company, which specializes in wireless communication equipment research and development, signed a letter of understanding with a view to setting up a joint enterprise with a Bangkok company.
LanSer already has a staff of 75. Thanks to this letter of understanding, it could soon be starting to market a wireless credit card payment system to meet the demand from financial institutions, merchants and consumers in Thailand. This bold project is estimated at $52 million.
This is another example of the extraordinary benefits and fallout for business and the economy in Quebec and in Canada resulting from the Team Canada missions.