A research and innovation leader in the area of electromagnetic fields - The Italian company IDS sets up operations in greater Montréal

    MONTREAL, June 11 /CNW Telbec/ - Ingegneria Dei Sistemi (IDS), an Italian
engineering firm specializing in system technology and providing research and
innovation in the electromagnetic fields, is launching its operations in
Montréal in order to penetrate the North American market. Benefiting from the
assistance of Montréal International to establish its presence in the
metropolitan area, the new entity, IDS North America, plans to hire more than
50 employees over the next three years. IDS' investment is assessed at more
than $18.5 million.
    With a presence in approximately twenty countries, IDS possesses unique
know-how in the aerospace, naval, aeronavigation and geolocation industries.
Its electromagnetics research and development (R&D) initiatives are recognized
throughout the world and its laboratories develop technological solutions for
the major players in the civil and military defence industry.
    "Our main strategy is to focus on our high end technologies in order to
rapidly acquire a significant share of the North American market in providing
innovative technology solutions for the selected niche of Defense and civil
market sectors," declared Louise Martell, IDS North America President.
    IDS designs commercial software for communications, navigation,
surveillance and air traffic management. The company also builds radar systems
for civil engineering, geology, geophysics, archeology and public security
applications, and has acquired lengthy experience in the development of
state-of-the-art electromagnetic technologies for a large number of space
programs. IDS North America intends to accelerate in Montréal the development
of avant-garde technologies related to electromagnetic fields.
    Gérald Tremblay, Mayor of Montréal and Chairman of the Communauté
métropolitaine de Montréal, (Montréal Metropolitan Community), asserted,
"Montréal has a lot to offer for businesses that choose to set up operations
here. I am particularly pleased to welcome a company like IDS, which will be
able to appreciate the creativity and innovation within our metropolis - even
more so since its arrival will strengthen our aerospace business cluster by
contributing to our dynamic economy and creating new wealth that will benefit
all Montréal residents."
    "Québec sets a standard in the areas of research and innovation. Greater
Montréal is the site of iconic successes achieved by creative, innovative
industries, and has proven a suitable testing ground and launch market for
inventive business models. IDS' decision to set up operations here is
therefore a sound one. We are very pleased to welcome this company," added
Raymond Bachand, Québec Minister of Finance and Minister of Economic
Development, Innovation and Export Trade.
    André Gamache, Montréal International President and Chief Executive
Officer, pointed out, "MI is very happy to have contributed to setting up IDS
North America in Montréal. Establishing a presence on Montréal soil for this
company, which is recognized for its high-tech R&D, will help strengthen our
region's international reputation as a centre of excellence. This good news
also highlights the many assets available within the Montréal metropolitan
region, which attract significant foreign investment - namely, a qualified and
bilingual workforce, the presence of corporate world leaders and operating
costs that are among the most competitive in North America."

    About IDS North America

    IDS North America is part of the Italian group Ingegneria Dei Sistemi, a
world leader in innovation. IDS specializes in electromagnetics applications
for the aerospace, naval, aeronavigation and geolocation industries. IDS North
America headquarters are located at 152 Notre-Dame Street East, Suite 500, in
Montréal. For more information, visit www.idscompany.it.

    About Montréal International

    Montréal International (MI) was created in 1996 as a result of a
private/public partnership. Its mission is to contribute to the economic
development of Greater Montréal and to enhance its international status. Its
mandates include attracting foreign investment, international organizations
and qualified workforce, and supporting the development of innovation and
metropolitan clusters. Montréal International is financed by the private
sector, the Governments of Canada and Québec, the Communauté métropolitaine de
Montréal and the City of Montréal.
    Since its creation, Montréal International contributed to attract more
than $7 billion of direct foreign investments, which have allowed the creation
or preservation of over 40,000 jobs. Montréal International was also
instrumental in the establishment of more than 25 international organizations
in the metropolis and the set up of over 3,000 qualified foreign workers. For
more information, visit www.montrealinternational.com.

For further information:

For further information: Benoît Lefèvre, Communications Advisor,
Montréal International, (514) 987-9323, Cell: (514) 677-2498,
benoit.lefevre@montrealinternational.com; Louise Martell, President, IDS North
America, (514) 789-0082 p. 472, lmartell@ftm-intl.com

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