# Boeing invests $10.3M CAD in Solace Power for SMT facility in Newfoundland

Boeing invested $10.3 million CAD in Solace Power Inc. to establish a Surface Mount Technology production facility in Newfoundland and Labrador, Canada, and nearly double the local workforce.

- Type: Investment
- Announced: 2025-01-23
- Where: Newfoundland and Labrador, Canada
- Value: $7.70M (10.3M CAD)
- Status: announced
- Products: Surface Mount Technology (SMT) production, wireless power technology
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md), [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Solace Power Inc.](https://endata.com/companies/82502.md)
- [Boeing](https://endata.com/companies/685.md) (investor)

## Sources

- [solace.ca](https://solace.ca/news/boeing-invests-10-3-million-cad-in-solace-power-inc), 2025-01-23: "Boeing’s investment ignites a new era of growth, enabling Solace Power to gain access to markets and customers worldwide while benefitting local communities."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.