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Ticker:WEDX
Company Name: Westaim Corporation (The)

Business Overview from 10-K filing for Westaim Corporation (The):

In 1990, as a result of Viridian’s research and development capabilities in advanced industrial materials, Viridian entered into an agreement with the governments of Alberta and Canada to expand its specialty materials businesses. The undertaking, formed as a result of this agreement, is referred to as the “Westaim Initiative”. During the six-year period of the Westaim Initiative, $140 million was spent on research and development of advanced industrial materials. Of this $140 million, $40 million was funded by the Alberta Government, $30 million was funded by the Government of Canada, and $70 million was funded by Viridian and other industry research participants. In 1997, the Company sold substantially all its assets related to the battery materials and cobalt powders business units for cash proceeds of $36 million. Also in 1997, the Company’s investment in its electronic ceramics and structural ceramics technologies, together with $15.  g   

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