KITCHENER, Ont. – (April 28, 2011) – Christie® and the Government of Ontario today announced an agreement to invest C$20.8 million at Christie’s Kitchener location that will lead to the development of new visual display technologies and the creation of 50 new jobs. The Ontario government will contribute up to 15 percent of the total eligible costs of a project, until 2014, in support of Christie’s C$138 million investment in research and development – including laser technology, process improvement, modernization of its facility, diversification, and the advancement of engineering and manufacturing to enhance Christie’s competitiveness and growth worldwide.
In her speech, the Honourable Sandra Pupatello, Minister of Economic Development and Trade, said that partnering with local business is a key component of the 2011 Ontario Budget - Turning the Corner, to create and support 10,000 new and existing jobs for Ontario families and strengthen local economies. The grant is paid over five years, and is subject to customary conditions.
“We are pleased to announce this investment, which gives Christie the opportunity to advance its technology and contribute to the economic growth of Ontario,” said Gerry Remers, president and chief operating officer, Christie Digital Systems Canada Inc. “The provincial government is demonstrating its commitment to research and development and we look forward to expanding our knowledge base with the best and brightest minds.”
Christie’s technology includes DLP Cinema® projectors, LCD and DLP® projectors, rear screen projection modules, video walls, digital media signage, and cutting-edge projection for 3D, virtual reality and simulation. Christie’s more than 100,000 installations include Microsoft, AT&T Global Network Operations Center, Boeing, Cineplex Entertainment LP, Starbucks, and the Toronto Stock Exchange. The company has diversified into medical imaging technology with Christie Medical Holdings, Inc. and its market-leading VeinViewer®, a mobile vascular imaging system that allows healthcare providers to see accessible vasculature in real time directly on the surface of the skin.
More than 95 percent of Christie products manufactured in Kitchener are exported, with two-thirds destined for the U.S. market. Christie employs more than 650 people in Kitchener, and more than 1300 worldwide. Recently, Christie was named one of Canada’s Greenest Employers by MediaCorp for the second consecutive year.
Christie Digital Systems Canada Inc. is a global visual technologies company and is a wholly-owned subsidiary of Ushio, Inc., Japan, (JP:6925). Consistently setting the standards by being the first to market some of the world’s most advanced projectors and complete system displays, Christie is recognized as one of the most innovative visual technology companies in the world. From retail displays to Hollywood, mission critical command centers to classrooms and training simulators, Christie display solutions and projectors capture the attention of audiences around the world with dynamic and stunning images. Visit www.christiedigital.com.