WATERLOO, ONTARIO--(Marketwire ) -- DALSA Corp. (TSX:DSA), an international 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 $24.3 million to support DALSA's new research and development (R&D) 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."
DALSA Corp. is an international leader in high performance digital imaging and semiconductors with approximately 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.