Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Newbridge Networks -- Ignore unavailable to you. Want to Upgrade?

To: thebeach who wrote (3950)	3/31/1998 3:15:00 PM
From: pat mudge	Read Replies (1) \| Respond to of 18016

That last link impressed me so much I think it deserves to be posted in its entirety. NN's affiliate, Cambrian Systems, develops DWDM technology and based on this news, they have the Canadian government's support. <<< News Release Technology Partnerships Canada Investment Helps Develop Next-Generation Communications KANATA, Ontario, March 3, 1998 -- Ian Murray, Member of Parliament for Lanark-Carleton, announced today, on behalf of Industry Minister John Manley, a $2,287,500 Technology Partnerships Canada (TPC) investment in a Cambrian Systems Corporation project. The project is expected to create up to 220 direct jobs in the Ottawa region and approximately 71 indirect jobs across Canada by 2001. Through this repayable TPC investment, the Government of Canada is partnering with Cambrian in the design, manufacturing and marketing of fibre-optic communications transport equipment. It is a project that will revolutionize Information Highway connectivity. "With this initiative, Canadians will become more connected to the information highway and consequently better able to take full advantage of the video and voice capabilities of new communications media like the Internet," said Mr. Murray. "This TPC investment will ensure that Canada can compete effectively in the knowledge economy of the 21st century." As a result of the growth in new broadband telecommunications services, such as the Internet, there is an ever-increasing need for networks to carry more information. Dense wavelength division multiplexing (DWDM), a process where multiple wavelengths of light, each carrying a separate signal, are sent down a single optical fibre, has proven effective for long distance transport of communications signals. With this project, Cambrian will develop a cost-effective transport system for metropolitan area networks (MANs), in which the distances are in the tens of kilometres rather than hundreds of kilometres. This project will also give a boost to Canada's photonics industry, with Cambrian acting as catalyst in the development of a new system. Photonics is the use of individual colours of light to transmit information over fibre optics at higher capacity and with greater flexibility. DWDM-based photonics networking is expected to become an important means of communicating in the next millennium. Photonics applications range from energy generation and detection to communications and information processing. Cambrian Systems Corporation, of Kanata, Ontario, is a Newbridge Networks affiliate and was formed as an independent company in 1996. Cambrian delivers innovative solutions to service providers through next-generation fibre-optic technology. Technology Partnerships Canada is a key element in the government's strategy to promote economic growth and job creation through innovation, positioning Canada to be a leader in the global knowledge economy of the 21st century. The program represents an investment approach to technological development with real risk and reward-sharing with the private sector. Investments are fully repayable and are intended to help ensure that products with high potential reach the marketplace. For more information, please contact: Jennifer Sloan Office of the Minister of Industry (613) 995-9001 Maureen Lofthouse Industry Canada (613) 954-2937 lofthouse.maureen@ic.gc.ca This press release and other documents produced by Industry Canada are available on the department's corporate Web site at: info.ic.gc.ca;