Two B.C. companies ordered to 'cease all operations' over national security concerns

  • 📰 timescolonist
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 75%

Business News News

Business Business Latest News,Business Business Headlines

Two companies based in Burnaby have the same CEO. One is said to sell anti-drone technology, and the other wireless security products.

Two B.C. businesses have been ordered to cease operations by the Canadian government on national security grounds.

“The government’s decisions are based on facts and evidence and on the advice of Canada’s security and intelligence community and other government partners,” said Champagne. “While Canada continues to welcome foreign direct investment, we will act decisively when investments threaten our national security.”

The technology can be used in a range of applications, including protecting a person’s privacy, safeguarding air traffic lanes, and preventing drones from dropping contraband into prisons.The second company, Pegauni Technology, was founded in January 2018. According to its LinkedIn page, the company makes wireless security products. The company appears to have been shuttered, and its website is no longer active.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 15. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Rhone CEO: Two things to consider when growing your businessFor entrepreneurs in pursuit of business growth, the search for the ideal strategy is often unclear. Rhone CEO Nate Checketts joins Wealth! to discuss the...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »