Toronto-based research and development organization,
Ontario Centres of Excellence company, has officially signed a 1 year deal with
OptoNet, a cluster of German business focused on optical technology. The Memorandum of Agreement between the two companies commits each organization to work together for the advancement of the photonics industry.
"This agreement has tremendous potential for the thriving Ontario photonics industry," said David Choat, OCE's Interim President and CEO. "With photonics playing an ever-increasing role in areas such as health care the future of the industry is promising."
"On behalf of Thuringia and OptoNet we are pleased to be part of this international collaboration with Ontario Centres of Excellence in this very exciting field," said Matthias Machnig, Minister of Economy, Labour and Technology, Free State of Thuringia. "There is no doubt that this collaboration will lead to new jobs and opportunities for both Thuringia and Ontario."
"Many experts believe that photonics will be to the 21st century what electronics were to the 20th," said John Milloy, Ontario's Minister of Research and Innovation. "Ontario is already recognized as a leader in the field, and our most talented researchers are ready to bring their work to the world stage. This agreement with Germany's Thuringia region will help Ontario companies tap into a global market estimated to grow to $800 million over the next two years."
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Benzinga