04:28:41 EDT Tue 16 Apr 2024
Enter Symbol
or Name
USA
CA



CAE Inc
Symbol CAE
Shares Issued 266,110,228
Close 2020-04-03 C$ 15.87
Market Cap C$ 4,223,169,318
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FP says CAE designs ventilator prototype in 11 days

2020-04-03 08:17 ET - In the News

The Financial Post reports in its Friday, April 3, edition that CAE has developed an easy-to-build ventilator with hopes of making 10,000 over the next three months to treat COVID-19 patients in Canada. The Post's Emily Jackson writes that CAE has a small health care division that builds realistic, mannequin patient simulators for health care training. As vanishing demand for air travel continues to wallop the aerospace sector, CAE shifted gears to create a ventilator after McGill University issued a challenge for an easy-to-use, low-cost ventilator design. Twelve of CAE'S health care engineers designed a prototype in just 11 days, chief technology officer Marc St-Hilaire said Thursday. CAE is retooling its manufacturing line to produce the ventilator, which has less than 100 parts that cost about $5,000 per unit, even though it has not yet received Health Canada approval. "We have enough assurance from the government that we are proceeding ahead full blast," Mr. St-Hilaire said. CAE is scaling up its ventilator unit to 50 people and expects to have hundreds working on the assembly line -- Mr. St-Hilaire said he will volunteer for production, too. A single ventilator will take about five hours to build.

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