Waterloo ON, May 28, 2007 - DALSA Corporation (TSX: DSA) today announced they have signed a definitive agreement with Research In Motion (RIM) to jointly develop lands in Waterloo Ontario.
As part of the agreement, which is expected to close within the next several months, RIM will purchase approximately 37 acres of land from DALSA at the intersection of University Avenue East and Northfield Drive East in Waterloo, and plans to use it for future expansion. DALSA, which owns approximately 19 adjacent acres, has similar plans in the future. The two parcels of land will be jointly developed by the two companies.
"It is fantastic that DALSA and RIM are working together to develop the lands in Waterloo," commented Savvas Chamberlain, CEO of DALSA Corporation. "The agreement reflects the collective confidence we both have in our future growth and our commitment to the City of Waterloo and the Waterloo Region, which I believe benefit in many ways from the success of growing high tech companies."
Jim Balsillie, Co-CEO of Research In Motion added, "We are extremely pleased to share this news following Waterloo's recognition as the world's Top Intelligent Community. RIM is excited at the prospects of its business and the opportunities for growth in Waterloo, and we look forward to working with DALSA to develop this property."
About DALSA Corporation
DALSA is an international leader in high performance digital imaging and semiconductors with more than 1000 employees world-wide. Established in 1980, the Company designs, develops, manufactures, and markets digital imaging products and solutions, in addition to providing semiconductor products and services. DALSA's core competencies are in specialized integrated circuit and electronics technology, software, and highly engineered semiconductor wafer processing. Products and services include image sensor components (CCD and CMOS); electronic digital cameras; vision processors; image processing software; and semiconductor wafer foundry services for use in MEMS, high-voltage semiconductors, image sensors and mixed-signal CMOS chips. DALSA is listed on the Toronto Stock Exchange under the symbol "DSA" and has its corporate offices in Waterloo, Ontario, Canada.
For more information, please contact:
Director, Corporate Communications
Tel: (519) 886-6001 Ext. 2177
E-mail: [email protected]