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Top Stories in BC Tech Industry This Week

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News Headlines
Vancouver-based Arca Named as Finalist in Prestigious XPRIZE Carbon Removal Competition
Arca
Vancouver - CleanTech & Energy Tech - May 10, 2024
Deep Space Food Challenge Co-Winner Maia Farms Secures $2.3 Million in Pre-Seed Financing to Expand Mycelium Protein Production
Maia Farms
Other Tech Sectors - May 9, 2024
TELUS Announcees Acquisition of Vumetric to Advance Its Cyber Protection Services for North American Businesses
TELUS Communications Inc.
Burnaby - InfoTech & Communications - May 8, 2024
ALUULA Provides Corporate Update and Outlines Strategic Refocus on Core Business, Company CIO and COO to Step Down
ALUULA Composites
Victoria - Other Tech Sectors - May 7, 2024
Photonic Scales Up Its Executive Leadership Team With Quantum Leaders in Key Leadership Roles
Photonic
Coquitlam - InfoTech & Communications - May 6, 2024
BC Tech News QuickLinks

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Breaking International Tech News

Upcoming Events in BC Tech Industry This Week

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Organizer Event Title
Discovery Foundation's Artificial Intelligence & Modern Data Engineering
ACETECH
May 13 to 30, 2024
IEEE PES Vancouver Joint Chapter May Ex-com Meeting
IEEE Vancouver
Monday, May 13, 2024 (8 PM to 8 PM)
How to Write the Best Resume for Software Engineering Jobs
Canada CodeCamp
Monday, May 13, 2024 (7 PM to 8 PM)
Happy Hour With Women in Product
Women in Product Vancouver
Tuesday, May 14, 2024 (5:30 PM to 7:30 PM)
May LLM & AI Meetup at Johnny Fox's
LLM & AI Meetups in Vancouver
Tuesday, May 14, 2024 (5:30 PM to 7:30 PM)
Open Coffee Club
Vancouver Founders
Tuesday, May 14, 2024 (8 AM to 9:30 AM)
Tour of BC Hydro Control Centre
IEEE Vancouver
Wednesday, May 15, 2024 (9:30 AM to 12 PM)
IEEE SSIT Lecture: Prof Clint Andrews Implications of Robotics for Public Policy
IEEE Vancouver
Wednesday, May 15, 2024 (6 PM to 7 PM)
AMA - What CEOs Need to Know About Sales
ACETECH
Wednesday, May 15, 2024 (12 PM to 1 PM)
Rust Study/Hack/Hang-out
Vancouver Rust
Wednesday, May 15, 2024 (6 PM to 7:30 PM)
Ensuring Application Security Excellence in the Age of AI
OWASP Vancouver Chapter
Thursday, May 16, 2024 (6 PM to 8 PM)
Women in Male-Dominated Industries Cafe Night - In-Person!
Vancouver Women in Male-Dominated Industries
Thursday, May 16, 2024 (5:30 PM to 7 PM)
a Strategic Si3N4 Materials Platform for Integrated Quantum and Nano Technologies (Made in Canada!)
IEEE Vancouver
Thursday, May 16, 2024 (1 PM to 2 PM)
ETH Vancouver Weekly Meetup
Ethereum Vancouver Meetup Group
Thursday, May 16, 2024 (6 PM to 8 PM)
ONLINE Startup Drinks Vancouver
Vancouver Founders
Thursday, May 16, 2024 (4 PM to 6 PM)
Marketing and Content Creation With AI
Vancouver AI Marketing and Content Creation Meetup Group
Saturday, May 18, 2024 (4 PM to 5:30 PM)
Core Coffee - Online Edition
Core Coffee (a catch-up for iOS and macOS developers)
Sunday, May 19, 2024 (11 AM to 1 PM)
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Hot Job of the Week

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Company Title
Software Development Manager - Data Engineering
Clio
Toronto / Remote - Canada - InfoTech & Communications - May 1, 2024
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View Current BC Tech Jobs By Category

Eng/Software/Web/Tech (116)

Sys Admin & Support (32)

Finance & Accounting (28)

Human Resources (8)

Marketing & Comm (13)

Sales & Bus Devel (9)

Junior - Mid Mgmt (2)

C-Level, VP & Exec (2)

Other Job Categories (146)

Browse Latest Jobs on T-Net (98)

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BC Tech Companies in the News This Week (By Category)

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Award and Patent Announcements

BCIT Named Best Continuing Studies Institute for the Second Year in a Row

BCIT announced that it has been voted first place in the Continuing Studies Institution category of the annual Stars of Vancouver Readers' Choice Awards from Vancouver is Awesome.

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BCIT Announces Winners of the 2024 BCIT Student Innovation Pitch and Awards Challenge

BCIT has announced the winners of its 2024 BCIT Student Innovation Pitch and Awards Challenge, a celebration of students' brightest ideas and most creative innovations.

Print | Snapshot | Company Profile | News (35) | Follow Company
ZEMA Global Data Corporation Secures 8th Position in Chartis Energy50 2024 Rankings, Clinches Double Win in Solutions Categories

ZEMA Global Data Corp. (formerly ZE PowerGroup [ZE]), a leader in end-to-end data automation and services, announced it has ranked 8th in the prestigious Chartis Energy50 for 2024.

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Company Announcements

Florida-based Animation Services Company Steamroller Studios Expands to Vancouver

Steamroller Studios announced this week its recent expansion to Vancouver, British Columbia. Steamroller studios provides animation services in all sectors of the entertainment industry, specializing in high-quality animation performances for major clients such as Sony, Paramount, Apple, Blizzard Entertainment, Epic Games, Framestore, DNEG and many more.

Print
City of Vancouver Spearheading Development and Use of 'Digital Credentials' Technology With Provincial Partners to Improve Municipal Services

The City of Vancouver says it is spearheading the use of digital credentials to reduce the need for manual verification steps in the municipality's current permitting and licencing services. This work is being done in collaboration with Technical Safety BC, Land Title and Survey Authority of BC (LTSA) and the Ministry of Citizens' Services.

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Vancouver-based iQmetrix Announces Workforce Management Platform Shiftlab Now Embedded in its Interconnected Commerce Solutions

Shiftlab, a leading workforce management platform for telecom retailers and a sibling company to Vancouver-based iQmetrix, has been integrated with iQmetrix since 2020, with over 40,000 telecom retail professionals now using the solution for strategic employee scheduling and smart timekeeping.

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Vancouver-based 'Social Strategy' Gaming Company A Thinking Ape Announces Company Restructuring and Layoffs

A Thinking Ape, a Vancouver-based company that builds 'social strategy' games has made a brief announcement on their social media channels that the company has had to restructure its operations, and lay off a number of its staff.

Print | Snapshot | Company Profile | News (3) | Follow Company
Visier Launches New "Open for Builders" initiative to Provide Customers and Partners the 'Best of Both Worlds'

Visier, a leader in people analytics and workforce solutions for people-powered business, announced the company's "Open for Builders" initiative.

Print | Snapshot | Company Profile | Jobs (9) | News (55) | Follow Company
infinitii ai Announces Completion of Integration Project for TREKK Design Group, Now Testing PreView Underground Camera Systems

infinitii ai inc. announced that it has completed a technology integration project for TREKK Design Group LLC, and the customer is now testing its PreView underground camera systems combined with predictive analytics by infinitii flowworks in Kansas City, MO, Omaha, NE, Cedar Hill, MO and St. Louis, MO.

Print | Snapshot | Company Profile | News (24) | Follow Company

Contract Announcements

Legend Power Systems Announces Upgrade Contract Win with Ontario School Board for Its SmartGATE Technology

Legend Power Systems, a leader in commercial electrical system solutions, announced the first Ontario School Board to have previously deployed its first-generation SmartGATE is upgrading its solution to the latest generation of SmartGATE technology.

Print | Snapshot | Company Profile | News (48) | Follow Company
GeoComply Wins Deal With Sightline for Identity and Geolocation Compliance Services

Leading fintech company Sightline has entered into an exclusive partnership with Vancouver-based compliance and anti-fraud technology solutions leader GeoComply to bolster the security and efficiency of digital transactions within the regulated gaming industry.

Print | Snapshot | Company Profile | Jobs (32) | News (36) | Follow Company

Earnings Reports

Zymeworks Provides Corporate Update And Reports First Quarter 2024 Financial Results

Zymeworks Inc., a clinical-stage biotechnology company developing a diverse pipeline of novel, multifunctional biotherapeutics to improve the standard of care for difficult-to-treat diseases, reported financial results for the three months ended March 31, 2024 and provided a summary of recent business highlights.

Print | Snapshot | Company Profile | News (62) | Follow Company
Ballard Power Systems Reports Q1 2024 Results, Q1 Revenue Up 9% Year-Over-Year to US $14.5 Million

Ballard Power Systems announced consolidated financial results for the first quarter ended March 31, 2024.

Print | Snapshot | Company Profile | News (141) | Follow Company
NervGen Pharma Reports 2023 Year-End Financial Results And Operational Updates

NervGen Pharma Corp., a clinical-stage biotech company dedicated to developing innovative solutions for the treatment of nervous system damage, reported its financial and operational results for the year ended December 31, 2023.

Print | Snapshot | Company Profile | News (25) | Follow Company
eCommerce Company BuildDirect.com Technologies Reports Fourth Quarter and Full Year 2023 Financial Results

BuildDirect.com Technologies Inc. a leading omnichannel building material retailer, announced its financial results for the Fourth Quarter ("Q4 2023") and full-year audited financial results for the year ended December 31, 2023 ("FY 2023").

Print | Snapshot | Company Profile | News (36) | Follow Company
Aurinia Pharmaceuticals Reports First Quarter 2024 Financial and Operational Results

Aurinia Pharmaceuticals Inc. issued its financial results for the first quarter ended March 31, 2024. Amounts are expressed in U.S. dollars. Total net revenue was $50.3 million for the three months ended March 31, 2024 and $34.4 million for the same period in 2023. representing growth of approximately 46%.

Print | Snapshot | Company Profile | News (60) | Follow Company

Financing Announcements

RepliCel Life Sciences CEO Lends Company $1 Million in Secured Loan Agreement

RepliCel Life Sciences , a company developing next-generation technologies in aesthetics and orthopedics, announced that it has entered into a loan agreement with Andrew Schutte, the President, Chief Executive Officer and a director of the Company, with respect to a loan for a principal amount of up to $1,000,000.

Print | Snapshot | Company Profile | News (17) | Follow Company
Plant-based Seafood Company Save Da Sea Closes $650,000 Seed II Financing Round with Participation from BDC's Thrive Lab

Victoria-based Save da Sea has closed a $650,000 Seed II financing round, reinforcing its first-mover advantage in a fast-growing market for plant-based food.

Print
Vancouver-based AgTech Company Miraterra Announces Novel 'Soil Digitizer' and Close of Seed Funding Round

Miraterra, a company revolutionizing advanced soil measurement, announced the close of its Seed funding round led by At One Ventures, marking a pivotal moment in the company's mission to transform soil insight. New investors S2G Ventures, One Small Planet, Overview Capital, iSelect Fund, Starshot Capital, Pelican Ag, and Cisco Foundation also participated in the round.

Print
Innovate BC Announces Funding Up to $300,000 for B.C. Innovation Projects in Natural Resources and Applied Sciences

Applications are now open for Innovate BC's Ignite program, which awards up to $300,000 to fund B.C.-based research and development projects that are creating game-changing innovations in the areas of natural resources, engineering and applied sciences.

Print | Snapshot | Company Profile | News (31) | Follow Company

Mergers and Acquisitions

AbCellera and Partners Enter Collaboration to Advance Antibody Drug Programs and Launch New Biotech Companies

AbCellera, Viking Global Investors, and ArrowMark Partners announced that they have entered into a collaboration to advance new antibody drug programs with an aim to launch multiple asset-based companies. The first two programs will be in the area of immunology.

Print | Snapshot | Company Profile | News (87) | Follow Company

Personnel Appointment Notices

Zymeworks Announces Appointment Of Former AbbVie Executive Dr. Neil Gallagher To Its Board Of Directors

Zymeworks Inc., a clinical-stage biotechnology company developing a diverse pipeline of novel, multifunctional biotherapeutics to improve the standard of care for difficult-to-treat diseases, has announced the appointment of Dr. Neil Gallagher to its board of directors.

Print | Snapshot | Company Profile | News (62) | Follow Company

Other

B.C. Government Hit by 'Sophisticated Cybersecurity Incidents'

BC Premier David Eby said late Wednesday that the province had identified "sophisticated cybersecurity incidents" involving government networks. A government source later said the incidents were related to a directive to all provincial employees early last week that they should immediately change their passwords. Eby said in a statement that the provincial government was working with the Canadian Centre for Cyber Security and other agencies to determine the extent of the incidents, but there was currently no evidence that sensitive information had been compromised.

Print
Google Sues CRTC to Have its YouTube Ad Revenue Exempted From Canadian Regulatory Fees

Google is taking Canada's broadcasting regulator to court, arguing "significant" revenue it earns from advertisements on YouTube videos shouldn't be considered when it comes to the regulatory fees it owes the CRTC. In an application filed in the Federal Court of Canada, Google says those revenues come from user-generated content, which it argues should be excluded from fee calculations because of exemptions in the Broadcasting Act. Google says that the federal govt directed the CRTC not to impose certain regulatory requirements on online platforms such as YouTube.

Print

BC Tech News QuickLinks

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Breaking International Tech News

T-Net 20 Stock Index
Company Last Trade Change This Week Percent Change Market Cap (CDN)

1.

Xenon Pharmaceuticals Inc.

$40.54

-3.21

-7.3%

Billion

$4.2

2.

Sierra Oncology

$54.99

 0.00

 0.0%

Billion

$1.8

3.

MDA

$14.00

-0.64

-4.4%

Billion

$1.7

4.

Sierra Wireless (a Semtech Company)

$40.99

 0.00

 0.0%

Billion

$1.6

5.

Ballard Power Systems Inc.

$2.83

+0.02

+0.7%

Billion

$1.2

Company Last Trade Change This Week Percent Change Market Cap (CDN)

6.

AbCellera

$3.83

-0.20

-5.0%

Billion

$1.1

7.

Aurinia Pharmaceuticals Inc.

$5.02

-0.08

-1.6%

Million

$982.2

8.

WELL Health Technologies Corp.

$3.92

+0.36

+10.1%

Million

$963.4

9.

Zymeworks Inc.

$8.81

-0.39

-4.2%

Million

$852.1

10.

Absolute Security

$15.20

 0.00

 0.0%

Million

$808.0

Company Last Trade Change This Week Percent Change Market Cap (CDN)

11.

Arbutus Biopharma

$2.88

+0.17

+6.3%

Million

$743.5

12.

Copperleaf

$8.91

+1.85

+26.2%

Million

$659.4

13.

Thinkific

$3.50

+0.02

+0.6%

Million

$567.5

14.

Vecima Networks Inc.

$19.65

 0.00

 0.0%

Million

$477.7

15.

Nano One Materials Corp.

$4.88

 0.00

 0.0%

Million

$464.7

Company Last Trade Change This Week Percent Change Market Cap (CDN)

16.

HIVE Digital Technologies Ltd.

$3.24

-0.10

-3.0%

Million

$299.8

17.

D-Wave Quantum Inc.

$1.30

-0.10

-7.1%

Million

$287.5

18.

Westport Fuel Systems

$5.81

+0.48

+9.0%

Million

$136.9

19.

Thunderbird Entertainment

$1.85

-0.18

-8.9%

Million

$92.2

20.

ElectraMeccanica Vehicles Corp.

$0.21

 0.00

 0.0%

Million

$25.4

T-Net 20 Total Market Capitalization: -1.2%  $18.9 Billion

Note: T-Net 20 is an index of the 20 largest publicly traded technology companies in BC. This list is updated quarterly and companies are added or removed from the list based on market capitalization on the last day of each quarter. Only technology companies with headquarters in BC and who trade on recognized stock exchanges are included in the index. Market Cap values are displayed in (approximate) Canadian dollar amounts (based on current exchange rate).
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Important Disclaimer: The T-Net 100 section currently contains an interim, rough, approximate and completely "unofficial" ranking or list of top technology companies in BC (see important notes). Company Profiles in the T-Net 100 section on T-Net are created, edited and maintained primarily by employees within individual companies, and are subject to continual change without notice and possible errors and/or omissions. Information within the pages of the T-Net 100 section is of a general nature intended only for informational purposes, and such information should not be relied upon. T-Net does not warrant or guarantee the quality, accuracy or completeness of such information and expressly disclaims liability for any loss, inconvenience or damages (including special, indirect or consequential damages) caused as a result of any errors in, or omissions from, such information. If you see an error, please let us know. Copyright T-Net. All rights reserved.

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