Mr. Speaker, I rise today to congratulate one of Kitchener—Waterloo's many technology based companies.
GFI Control Systems is a Canadian company that is positioned to become the global leader in the development of production of clean alternative fuel engine control systems for gaseous fuel powered vehicles. Worldwide demand over the next five years is forecast to be 2.7 million alternative fuel vehicles. GFI employs 102 full time people and uses 64 local suppliers.
At the end of August GFI's investment in research and development with the help of a $4.3 million loan from Technology Partnerships Canada paid off. GFI was awarded by the Ford Motor Company the single largest alternative fuel vehicle contract ever by a big three auto maker. This contract is valued at more than $100 million and has resulted in the creation of 125 new jobs.
Congratulations to GFI and congratulations to Technology Partnerships Canada.