Waterloo, Ontario, October 14, 2010- DALSA Corporation (TSX:DSA), an international leader in high performance digital imaging and semiconductors, is pleased to announce that it plans to invest $160 million in new research and development initiatives over the next five years, supported by a grant of up to $24.3 million from the Ontario government.
The new technology created by these investments will fuel DALSA’s growth through diversification even as the company builds on core strengths in digital imaging and advanced semiconductor manufacturing. Areas of particular focus include imaging in non-visible bands, such as X-ray and infrared. These new technologies will help DALSA expand into growing markets such as medical, defense and security imaging as well as new areas of industrial imaging.
“This initiative is about our growth and our future,” said Brian Doody, DALSA’s CEO. “As one of the top 60 R&D spenders in Canada, we are accustomed to making long-term investments in technology, but this program represents new areas of focus for us. We know that by extending and combining elements of the imaging and MEMS technology in which we already excel, we can develop completely new products to give us access to a number of large, attractive markets adjacent to those we already serve. The investment by the Province will help get us there, and along the way we plan to create over 100 new high-tech jobs here in Waterloo over the next five years. We appreciate the commitment the provincial government continues to make towards technology leadership and prosperity in Ontario.”
DALSA is proud of its 30 year history, and this investment is proof of its commitment to innovation, growth, and community involvement in the Waterloo region.
DALSA (TSX: DSA) is an international leader in high performance digital imaging and semiconductors with approximately 1000 employees worldwide, headquartered in Waterloo, Ontario, Canada. Established in 1980, the company designs, develops, manufactures and markets digital imaging products and solutions, in addition to providing semiconductor products and services. For more information, visit www.dalsa.com
For more information, please contact:
Vice President, Corporate Communications
Tel: (519) 886-6001 Ext. 2177
Some of the statements in this press release, including those relating to the company’s strategies and other statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates”, or similar expressions, are forward-looking statements within the meaning of securities law. Actual results may differ materially from those currently anticipated. Investors are cautioned that such forward-looking statements involve risks and uncertainties. Important factors that could cause actual results to differ materially from those expressed or implied by such forward looking statements are detailed from time to time in DALSA’s periodic reports filed with the Ontario Securities Commission and other regulatory authorities. Investors should read review the Business Risks and Prospects sections of the DALSA 2009 annual Management’s Discussion and Analysis (“MD&A”) to understand the assumptions, risks and uncertainties inherent in forward looking information or statements. DALSA has no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.