Glad to see more news. I was a little disappointed with finnancials.
Tim
(Applies to: RIMM)
RESEARCH IN MOTION OPENS R&D CENTER IN KANATA
KANATA, ON, Dec 22, 1999 /CNW-PRN via COMTEX/ -- Research In Motion
(Nasdaq: RIMM, TSE:RIM) today announced the opening of a research and
development facility in Kanata, Ontario, a high-technology hotbed in
the Ottawa region. The new R&D center will complement the growing
engineering teams at RIM's headquarters in Waterloo, Ontario and
contribute to the fulfilment of RIM's expansive business plans. RIM
will continue to focus on wireless data technology and the development
of revolutionary information appliances that improve the way people
communicate and interact with digital information. RIM is currently
recruiting for a wide range of positions at both the Kanata and
Waterloo locations.
"Research In Motion is a great example of Canadian companies that
compete and win on a global scale. RIM is at the forefront of the
technology race to connect people with information and each other by
converging wireless, computing and e-commerce technologies," said
Canada's Industry Minister, John Manley. "RIM's expansion will help
create new jobs in the region and further strengthen Canada's
leadership in the wireless sector." "Kanata, and the Ottawa region,
offer a world-class high-tech community with access to quality
educational and national research institutions, as well as a great
standard of living," said Mike Lazaridis, President & Co-CEO of
Research In Motion. "We look forward to growing our team in the Ottawa
region, integrating with the community and continuing to push the
boundaries of wireless data technology."
RIM's announcement of this new facility culminates a successful year of
growth at RIM and sets the stage for continued growth next year.
Highlights of RIM's accomplishments during 1999 include:
- Achieved recognition as one of Canada's fastest growing companies
- Received various awards recognizing RIM's technology and corporate
success including the 1999 Canadian-American Business Achievement award
(for collaboration between RIM and Intel), an Academy Award (for RIM's
DigiSync(TM) technology) and the MVP award from PC Computing Magazine
- Introduced the BlackBerry Wireless Email Solution
- Introduced the RIM 850 Wireless Handheld
- Introduced the RIM 802D and 902M radio modems for Original Equipment
Manufacturers
- Announced support for Sun Microsystems' Java technology to further
enable the development of business applications and wireless e-commerce
solutions
- Established new distribution relationships with a wide range of leading
organizations including Dell Computer, RCN, espernet.com, PageNet,
Skytel and a large number of OEMs, VARs and system integrators
- Completed a public offering of 5,595,000 common shares raising
approximately CDN $241,180,000 (approximately US $162,800,000)
About Research In Motion Research In Motion Limited is a leading
designer, manufacturer and marketer of innovative wireless solutions
for the mobile communications market. Through development and
integration of hardware, software and services, RIM provides solutions
for seamless access to time-sensitive information including email,
messaging, Internet and intranet-based applications. RIM technology
also enables a broad array of third party developers and manufacturers
in North America and around the world to enhance their products and
services with wireless connectivity. RIM's portfolio of award-winning
products includes the RIM Inter@ctive(TM) Pager product line, the
BlackBerry(TM) wireless email solution, wireless personal computer card
adapters, embedded radio-modems and software development tools. Founded
in 1984 and based in Waterloo, Ontario, RIM is listed on the Nasdaq
Stock Market (Nasdaq: RIMM) and the Toronto Stock Exchange (TSE: RIM).
Investors may contact investor_relations@rim.net. Customers may contact
info@rim.net. Web site: www.rim.net.
Research In Motion, RIM, the RIM logo, Inter@ctive, Inter@ctive Pager,
BlackBerry the BlackBerry logo and DigiSync are trademarks of Research
In Motion Limited. Research In Motion and RIM are registered with the
U.S. Patent and Trademark Office. All other brands, products and
company names mentioned herein may be trademarks or registered
trademarks of their respective holders. Forward-looking statements in
this news release are made pursuant to the "safe harbor" provisions of
the United States Private Securities Litigation Reform Act of 1995.
Investors are cautioned that such forward-looking statements involve
risks and uncertainties, including, without limitation, risks relating
to possible product defects and product liability, risks related to
international sales and potential foreign currency exchange
fluctuations, risks related to the year 2000 issue, continued
acceptance of RIM's products, increased levels of competition,
technological changes, dependence on intellectual property rights and
other risks detailed from time to time in RIM's periodic reports filed
with the United States Securities and Exchange Commission and other
regulatory authorities.
SOURCE Research In Motion Limited
(C) 1999 PR Newswire. All rights reserved.
prnewswire.com
-0-
CONTACT: Amanda Frank, Research In Motion, 519-888-7465, x2620,
afrank@rim.net; Mark Guibert, Research In Motion, 519-888-7465,
mguibert@rim.net
(RIM.)
GEOGRAPHY: Ontario
INDUSTRY CODE: TLS
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