UW Research + Tech Park announces two new buildings

    Google moves into TechTown

    WATERLOO, ON, Sept. 19 /CNW/ - Two new buildings announced today at the
University of Waterloo Research + Technology Park will spark the continued
growth of high-tech firms in Waterloo Region, resulting in the creation of new
products and services.
    The two new buildings, the $8.4-million first phase of the UW Research
Accelerator Centre and the $20-million InnoTECH building, will strengthen the
research park's role in advancing efforts to commercialize innovative work
performed in universities and colleges, hospitals and laboratories, as well as
private sector facilities.
    The UW Research Accelerator Centre will provide office and lab space for
promising research projects. The centre will be constructed in two phases,
each an estimated 70,000 square feet, for a total of 140,000 sq. ft. The first
phase will be built by Cooper Construction of Oakville, Ont.
    Also today, Google Inc. announced, with an unveiling of their highly
recognized logo sign, that it will move its Waterloo Engineering office into
space at TechTown, a professional services building also located at the
research park.
    "It's very important for us to develop a strong relationship with the
University of Waterloo and with its talented students and researchers," says
Stuart Feldman, vice-president of engineering at Google. "We are actively
recruiting top engineering talent to join our current team in Waterloo to work
on innovative and challenging projects."
    "With these new developments, the excitement continues to build at the
Research and Technology Park," says UW president David Johnston. "The research
park plays a leading role in encouraging entrepreneurship in our area. It
offers key services to the best and brightest minds in the region, helping
them bring new ideas to market."
    The multi-tenant InnoTECH building will be developed by The CORA Group.
The CORA Group is increasing its research in, and its commitment to,
sustainable environmental design with the InnoTECH building. The
'smart-construction' features will allow InnoTECH to be developed into a
certified Leadership in Energy and Environmental Design (LEED) building, which
will offer an environmentally friendly design.
    "InnoTECH is an innovative, exciting step forward in building design and
management," says Adrian Conrad, vice-president and chief financial officer of
The CORA Group. "These state-of-the-art LEED features not only make InnoTECH
an environmentally 'smart' building, but they are part of CORA's investment in
the future of our community."

    The UW Research + Technology Park is one of Canada's newest research
parks. Reflecting the enterprising spirit of Waterloo Region, it ensures
continued support for pure and applied research and innovation throughout
Canada. Tenants of the research park have access to Waterloo's talented co-op
students, alumni and professors as they seek to create breakthrough research

For further information:

For further information: Carol A. Stewart, business development manager,
UW Research + Technology Park, (519) 888-4567 ext. 36339, (519) 498-1664 or
castewar@uwaterloo.ca; Adrian Conrad, vice-president and chief financial
officer, The CORA Group, (519) 745-8005 or aconrad@coragroup.com; Wendy
Rozeluk, global communications manager - Toronto, Google Canada, (416)
572-2561 or wrozeluk@google.com; John Morris, UW media relations, (519)
888-4435 or jmorris@uwaterloo.ca

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