INKAS Group of Companies (Booth 1815 ), has signed a multimillion-dollar agreement with ISP LLC for research and development and the production of special-purpose vehicles, safes and other integrated security products and services.
The project will be jointly executed by Mayotex- Philcar, which was recently acquired by INKAS, and INKAS Armored Vehicle Manufacturing.
The agreement has been signed as part of the Ontario Business Mission to Israel led by Kathleen Wynne, the Premier of Ontario. The mission’s goal was to further establish Ontario as a top innovation and knowledge economy partner and develop the strong economic and cultural ties between Ontario and Israel by creating new commercial partnerships leading to economic growth and job creation.
Ontario and Israel have had a memorandum of understanding in place for more than a decade to promote industrial research and development collaborations. The agreements signed during the mission are expected to create approximately 200 jobs within Ontario.