Ontario invests in DALSA to develop new technology

DALSA (Waterloo, ON, Canada), a leader in high performance digital imaging and semiconductors, announced an agreement with the Province of Ontario to invest in product innovations and related job creation at DALSA's Waterloo facility.

Under the agreement, the Ontario government will contribute a maximum grant of up to US$23 million to support DALSA's new research and development efforts in digital imaging technology. The grant is to be paid over a period of five years, and is subject to customary conditions.

"We're pleased to announce this investment in a long-term growth strategy to advance our R&D activities here in Waterloo," said Brian Doody, DALSA CEO. "The provincial government has demonstrated its commitment to technology leadership and long term prosperity."

Posted by Vision Systems Design