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Kitchener, Ontario, August 13, 2021 — Palitronica is partnering with Bruce Power, Natural Resources Canada, and the University of Waterloo to develop enhanced cyber security systems to protect the supply chain in the Canadian energy sector.
Globalization of the supply chain, growing problems in part availability, and increased financial pressure have led to a drastic increase in Counterfeit, Suspect, and Fraudulent Items (CSFI) present in today's supply chain. The grey market has become the femme fatale to suppliers as it tempts with available parts but extremely high counterfeit rates – over 50% counterfeit in one case shown by Palitronica. This situation poses high risk to the safety and security of the final products when built into mission-critical applications such as nuclear power generation.
Bruce Power, operator of the world's largest nuclear facility, and the University of Waterloo, Canada's top-ranked most innovative university, will use Palitronica's CSFI sensor technology of the Anvil product line to deliver innovation to the energy sector. With support and oversight from Natural Resources Canada, the collaborators will assess safety-critical systems deeply embedded into the nuclear power generation process.
"We're proud that the project partners have chosen Palitronica's CSFI sensors; It confirms our leading technology and our commitment to innovation. As our daily lives depend on the power grid, we are thrilled to contribute to its safety and security." said Carlos Moreno, co-founder and CTO of Palitronica.
About Palitronica
Palitronica safeguards supply chains. We build cutting-edge hardware and breakthrough software that revolutionizes how governments and organizations defend their supply chains. Our mission is to solve the most difficult problems threatening national security.
About Bruce Power
Bruce Power is the world's largest operating nuclear facility. Established in 2001, Bruce Power is Canada's only private sector nuclear generator, producing 30 percent of Ontario's power annually.
About University of Waterloo
The University of Waterloo is among the best universities in the world. It is ranked number 1 for the most innovative, experiential learning and computer science (Mclean’s 2022).
About Natural Resources Canada
Natural Resources Canada develops policies and programs that enhance the contribution of the natural resources sector to the economy, improve the quality of life for all Canadians and conduct innovative science in facilities across Canada to generate ideas and transfer technologies.