BROMONT, Québec – February 27, 2014 – Teledyne DALSA, a subsidiary of Teledyne Technologies Incorporated, announced today that it has received a financial commitment totaling $13 million from Investissement Québec to expand the Company’s MEMS and Infrared Imaging capabilities in the Province of Québec.
The funding consists of a $3 million grant to Teledyne DALSA Semiconductor aimed at increasing production capacity for MEMS (micro electromechanical systems) at the Company’s Bromont, Québec facility. MEMS are tiny electro-mechanical devices found in a wide variety of consumer, automotive, and telecommunications devices. Teledyne DALSA’s Semiconductor division in Bromont is one of the world’s leading “pure-play” specialty MEMS manufacturers.
In addition, Investissement Québec is providing Teledyne DALSA a $10 million contribution to develop advanced infrared imaging products at its Bromont and Montreal facilities. A world-leader in visible and x-ray digital imaging technology, Teledyne DALSA is extending its reach into infrared imaging. Unlike visible imaging cameras and sensors, infrared devices are able to see objects not visible to the human eye by detecting the heat the objects emit.
“MEMS and Infrared Imaging are two strategic areas of focus for Teledyne DALSA with good growth potential,” commented Brian Doody, CEO of Teledyne DALSA, Inc. “The development and full production of infrared devices in Québec will further strengthen our position as a leader in digital imaging and semiconductors, at a time when the infrared imaging market is experiencing strong growth. In addition, by increasing our production capacity of MEMS chips, we will be able to meet the growing demand for microsystems as they become indispensable in many areas.”
About Teledyne DALSA
Teledyne DALSA is an international leader in high performance digital imaging and semiconductors with approximately 1,000 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 specialized semiconductor products and services including MEMS. For more information, visit www.teledynedalsa.com.
About Teledyne Technologies
Teledyne Technologies is a leading provider of sophisticated instrumentation, digital imaging products and software, aerospace and defense electronics, and engineered systems. Teledyne Technologies’ operations are primarily located in the United States, Canada, the United Kingdom and Western and Northern Europe. For more information, visit Teledyne Technologies’ website at www.teledyne.com.
About Investissement Québec
Investissement Québec’s mission is to foster the growth of investment in Québec, thereby contributing to economic development and job creation in every region. The Corporation offers businesses a full range of financial solutions, including loans, loan guarantees and equity investments, to support them at all stages of their development. It is also responsible for administering tax measures and prospecting for foreign investment.
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