Argon 18, a Québec bicycle manufacturer, will announce a major investment in the firm at a press conference Friday, according to statement released by its founder and president Gervais Rioux.

Rioux said investors will be present at the announcement, where he will also discuss the company's first-ever participation in the Tour de France as part of the BORA-Argon 18 cycling team. The team will be at the start line of the Tour de France in July, marking the first time a Québec-founded bike manufacturer has been invited to compete in the world's most important bike race.