Dalsa, RIM to Develop Land in Waterloo

Dalsa Corp., a developer of semiconductor and imaging technology, announced today it has signed an agreement with wireless company Research In Motion (RIM) to jointly develop lands in Waterloo, Ontario, where both companies are based. As part of the agreement, which is expected to close within the next several months, RIM will purchase about 37 acres of land from Dalsa at the intersection of University Avenue East and Northfield Drive East in Waterloo. Dalsa also owns 19 adjacent acres. Dalsa said the companies will use the land for future expansion. Savvas Chamberlain, CEO and founder of Dalsa, said the agreement reflects "the collective confidence we both have in our future growth and our commitment to the City of Waterloo and the Waterloo region, which I believe benefit in many ways from the success of growing high-tech companies."