Canadian government recognizes INO's key role - The Economic Development Agency of Canada for the Regions of Quebec grants $12 million in funding

    QUEBEC CITY, June 3 /CNW Telbec/ - Jean-Yves Roy, CEO of INO (National
Optics Institute), is thrilled with the $12 million in funding his
organization just received from the Economic Development Agency of Canada for
the Regions of Quebec (EDACRQ). This substantial contribution, announced this
morning by the prime minister of Canada, the Right Honorable Stephen Harper,
in the presence of Denis Lebel, Minister of State for the Economic Development
Agency of Canada for the Regions of Quebec and Josée Varner, Minister of
Intergovernmental Affairs, President of the Queen's Privy Council for Canada,
Minister for La Francophonie, and Minister responsible for the Quebec City
region, will enable INO to continue growing, consolidate its leadership in the
field of optics/photonics, and do an even more effective job of helping
Canadian businesses boost their competitiveness.
    "Canadian government funding is tangible support that recognizes not only
INO's excellence, but also its essential role in the economic vitality and
dynamism of Canadian businesses. In the current economic situation, research
and innovation are particularly key if Canadian companies are to distinguish
themselves and prosper. This financial support will put INO into an excellent
position to create value added using the properties of light, enabling
Canadian companies of all sizes and in all industrial sectors to boost their
productivity and competitive position internationally," indicated INO's CEO.
    Note that last year the Canadian government recognized INO as one of most
effective of the seven Canadian centers for the commercialization of research.
    "The $12 million in funding from the EDACRQ will enable us to raise INO's
profile and pursue our mission of commercializing scientific research with
even greater enthusiasm and determination, to the greater benefit of Canadian
businesses," concluded INO's CEO.

    About INO

    A leading technology designer and developer, INO is the largest R&D
center for optics and photonics in Canada. To date it has completed over 4,000
custom R&D contracts for SMEs and leading Canadian corporations in a wide
range of sectors. INO has 25 new high-tech startups and 39 technology
transfers to its credit.

For further information:

For further information: Stéphane Dion, NATIONAL Public Relations, (418)
648-1233, ext. 235; Source: INO (National Optics Institute)

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INO (National Optics Institute)

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