Ericsson to build New Research and Development Centre in Montreal

• Ericsson will relocate its Montreal-based Research and Development (R&D) and Services Centre to a new site in the city
• The 265,350 square feet facility will house the company's more than 1700 employees
• New facility highlights Ericsson's long-term commitment to the City of Montreal

MONTREAL, May 6, 2015 /CNW/ - Ericsson (NASDAQ:ERIC) today announced it will relocate its Montreal-based R&D and Services Centre to a new site located on Poirier St., fronting on the Trans-Canada Highway, in the City of Montreal, borough of Saint-Laurent.

The new facility will house the company's more than 1700 employees in the area and the move is expected to start at the end of 2016. The new Montreal office will provide Ericsson with an efficient and state-of-the-art work environment to effectively support business needs in Montreal well into the future.

Mark Henderson, Head of Ericsson Canada, along with company officials were joined by Saint-Laurent Mayor, Alan DeSousa, and members of his council to commemorate the occasion at a ground breaking ceremony held this afternoon.

Henderson says: "Ericsson's new location will offer our employees the opportunity to work in next-generation buildings, designed to increase employee collaboration through flexibility and efficiency. We look forward to remaining in Montreal and continuing to build a strong technology ecosystem in Canada."

"We are very pleased to welcome Ericsson to Saint-Laurent," said Saint-Laurent Mayor Alan DeSousa. "Ericsson's reputation, with its commitment to respect responsible development in relation to financial, environmental and socio-economic concerns, is in keeping with the vision and values of Saint-Laurent's Administration. With its 4600 companies and its four major industrial clusters, Saint-Laurent offers an environment that is conducive to business development, through its geographic location in the heart of the island of Montréal and its research and development vitality."

Ericsson has operated in Canada since 1953 and today has more than 3,500 employees across the country. In 2014, Ericsson invested more than $317 million in Canadian R&D, and ranks as one of the Top 10 R&D investors in the country with a total R&D investment in Canada of more than $4 billion CAD.  The Montreal site is one of Ericsson's largest R&D Centres outside Sweden. It is a leading player in the information and communications technology (ICT) ecosystem in Canada and has contributed 465 patents to Ericsson's patent portfolio since 1986.

NOTES TO EDITORS
Download high-resolution photos and broadcast-quality video at www.ericsson.com/press

Ericsson is the driving force behind the Networked Society – a world leader in communications technology and services. Our long-term relationships with every major telecom operator in the world allow people, business and society to fulfill their potential and create a more sustainable future.

Our services, software and infrastructure – especially in mobility, broadband and the cloud – are enabling the telecom industry and other sectors to do better business, increase efficiency, improve the user experience and capture new opportunities.

With approximately 115,000 professionals and customers in 180 countries, we combine global scale with technology and services leadership. We support networks that connect more than 2.5 billion subscribers. Forty percent of the world's mobile traffic is carried over Ericsson networks. And our investments in research and development ensure that our solutions – and our customers – stay in front.

Founded in 1876, Ericsson has its headquarters in Stockholm, Sweden. Net sales in 2014 were SEK 228.0 billion (USD 33.1 billion). Ericsson is listed on NASDAQ OMX stock exchange in Stockholm and the NASDAQ in New York.

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SOURCE Ericsson Canada

Ericsson Media Relations - Canada, Patricia MacLean, Phone: [phone], E-mail: [email protected]; Ericsson Investor Relations, Phone: [phone], E-mail: [email protected]