Province investing in SimpTek Technologies

An energy management tech company is planning to expand with investments from the province and the New Brunswick Innovation Foundation. 

SimpTek Technologies is eligible for an investment of up to $200,000 from Opportunities NB, which will be used to support the creation of up to eight new jobs. 

The New Brunswick Innovation Foundation will invest up to $300,000 in the company.

Government says the Fredericton company also hopes to raise $1.9 million from investors to help expand its client base and refine its services and products.