OMX and Statistics Canada Sign Letter Of Agreement to Partner in the Development of Custom Data Analytics to Calculate Economic Impacts in Defence and Aerospace Procurements

Ottawa, ON, August 25, 2015 - OMX has signed a Letter of Agreement (LOA) with Statistics Canada to develop a set of custom economic impact multipliers and statistical tools exclusively for the OMX platform. This deliverable will be essential in the accurate calculation and reporting of impacts from Canadian industrial activities related to government procurement in defence and aerospace, through the successful execution of the ITB policy, Value Proposition and all other offset-related activity.

To meet the growing demand from clients to expand its current OMX Analyze service, OMX has partnered with the national governmental agency responsible for statistical information in Canada to produce custom output multipliers for 234 different activity types within industry sectors. "We are delighted to be working with Statistics Canada" stated OMX President, Nicole Verkindt. "As from this cooperation, for the first time in our sector, we will be able to more accurately calculate the exact impacts from particular activities in defence and aerospace procurements. This is good for Industry and good for Canada."

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Diego Ortiz
Director, Analytical Communications

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OMX Backgrounder

The OMX platform provides access to tens of thousands of Canadian companies by region, size, local content, certifications and capability, with effective web-based software tools to manage supplier and customer relationships collaboratively across an organization. It consolidates all of the related information required to complete a project, which will make defence contractors more competitive in a sector where there tends to be a lot at stake and entry costs can be heavy.

Major features include

Statistics Canada Backgrounder

As the recognized subject matter expert in Canada, Statistics Canada operates under the Statistics Act, and executes on its mandate "to collect, compile, analyse, abstract and publish statistical information relating to the commercial, industrial, financial, social, economic and general activities and conditions of the people of Canada."