Innovation at Ciena Creating Good Jobs

TORONTO--(EON: Enhanced Online News)--Ontario, Canada is supporting Ciena Canada Inc., a telecommunications equipment company, to develop new technology, creating 353 new, good jobs and supporting 967 existing jobs.

“This partnership with Ontario is a great contribution to our technology investment in Canada, which is an important innovation centre for Ciena as we execute on our vision of bringing optical and Ethernet together to realize the full potential of communications networks worldwide”

The province is providing a grant of $25-million as part of Ciena's investment of $900-million over 5 years to expand research and development in Ontario. Ciena has also committed to partner with universities in R&D and hire 125 university graduates.

The company's goal is to bring solutions that increase the speed and capacity of fibre optic networks. This will help meet the growing demand for high bandwidth services, such as high-definition video, mobile broadband, and support education and healthcare technology projects.

This investment supports the province's five-year Open Ontario plan to create new job opportunities and help promote economic growth.

"Ontario is a leader in innovation and new technology. We need to continue to turn our research excellence into products and services that can be sold worldwide. Today's announcement gives Ciena and Ontario's ICT Sector a boost as they compete in the rapidly growing telecommunications networking field," said Sandra Pupatello, Minister of Economic Development and Trade.

"Our government is partnering with companies that are aiming for growth and success, here in Ottawa. Committed and innovative businesses such as Ciena Canada Inc. contribute to the regional economy and help build Ontario's future," said Bob Chiarelli, MPP for Ottawa West-Nepean.

"This partnership with Ontario is a great contribution to our technology investment in Canada, which is an important innovation centre for Ciena as we execute on our vision of bringing optical and Ethernet together to realize the full potential of communications networks worldwide," said James Frodsham, Senior Vice President and Chief Strategy Officer, Ciena Corporation.

QUICK FACTS

Ciena is a market leader in technology that increases the capacity of communications networks tenfold.
Ciena Canada Inc. is a subsidiary of Ciena Corporation.
As a result of the province's tax changes, taxes on new business investment were cut in half, making Ontario more competitive and encouraging new business investments.

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