City

Canadian Tech Firms Ordered to Shut Down Over National Security Concerns

Patrick D Costa

The Canadian government shut down two tech companies in British Columbia citing national security risks.

The Canadian government shut down two tech companies in British Columbia citing national security risks. Innovation Minister Francois-Philippe Champagne announced the move on May 24th but offered limited details, only mentioning “foreign investments” as a concern.

Bluvec Technologies Inc., specializing in counter-drone tech, faced a B.C. court ruling last year for providing stolen technology to a Chinese company. Its founder, Junfeng (Jack) Jia, previously worked in China’s tech sector before moving to Vancouver.

The other company, Pegauni Technology Inc., develops wireless security products and appears inactive with a defunct website. Both companies were established in 2018 and located on the same street in Burnaby.

Following a “rigorous national security review,” the companies were ordered to cease operations entirely. “Canada welcomes foreign investment,” said Champagne, “but will act decisively when it threatens national security.”

This action mirrors a similar 2022 decision. Back then, citing threats to critical mineral supply chains, Champagne ordered Chinese resource companies to divest from Canadian firms.

Neither the government nor Mr. Jia responded to requests for comment on the specific security concerns.

Related Articles

Back to top button