C-Mac Industries Inc. acquires 51 % of La Société de microélectronique industrielle de Sherbrooke, an R&D organization of the Université de Sherbrooke
Sherbrooke, le 5 mai 1999 – To further develop its design capabilities and better support its customers' needs in various high-growth markets, C-MAC Industries Inc. acquires 51% of La Societé de microelectronique industrielle de Sherbrooke (SMIS) to form an R&D center with the Université de Sherbrooke.
"SMIS is a strategic acquisition for C-MAC. SMIS brings design expertise, particularly in product development to C-MAC" said Dennis Wood, C-MAC's Chairman and Chief Executive Officer. "Through this partnership, we will realize synergies especially in micro-electronics and energy management Systems".
Pierre Reid, Rector of the Université de Sherbrooke, believes that this partnership with C-MAC shows once more how the Université desires to contribute to the scientific and economic development of our modern society. "At the Université de Sherbrooke, we are famed for our practical teaching approach. This partnership with C-MAC offers our teachers and students great opportunities to enhance their renowned skills in microelectronic research, as well as global exposure to the electronic market place." said Pierre Reid.
SMIS, created by the Université de Sherbrooke in 1982 as the first Microelectronic Center of Excellence in Canada, will continue selling R&D services to its external clients and will support the R&D requirements of C-MAC and its customers. SMIS will also serve as a training ground for engineers and technical personnel and will be C-MAC's main link with the University of Sherbrooke research community. For the Université de Sherbrooke, this partnership with C-MAC will help develop the newly created and unique Partnership Program for Masters and Doctoral Studies in the Work Place in this new R&D center.
C-MAC is a leading internationally diversified designer and manufacturer of advanced electronic components, sub-systems and systems, and also provides contract assembly services for the telecommunication, automotive, instrumentation, defense and aerospace industries. The Corporation, headquartered in Montréal, operates 26 manufacturing operations, employs approximately 4,000 individuals in its operations located in Canada, United States, United Kingdom, France, Belgium, India and China. C-MAC stock is traded on both the Montreal and Toronto Stock Exchanges.
With its 20,000 students, the Université de Sherbrooke prides itself on being a pioneer in the areas of engineering, sciences, computer sciences and medical sciences. Its digital Vocoder called ACELP is the basis of most of today's digital communication wireless systems (like TDMA IS-136, CDMA IS95, Enhanced GSM and PCS-1900) and of many communication computer programs such as Microsoft NetMeeting and Internet Explorer. With its exceptional teaching environment, close contacts between students and faculty, its involvement in research and its relationship with the industry through Co-operative Education, the Université de Sherbrooke is truly a leader in the academic community in Canada.
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Gilles Pelloille, Communication Manager,
Université de Sherbrooke
(819) 821-8000, ext. 3395
e-mail : email@example.com
Hichem Yaiche, Business Development Manager, C-MAC Industries Inc.
Denis Marchand, vice-president, C-MAC Industries Inc.
Roger Goulet, Dean, Faculté de génie, Université de Sherbrooke