Press Release:
Motorola Networks Announces US$5Million Investment for Jaguariuna, Brazil
Press Release
News Article March 2005
SAO PAULO, Brazil, March 2 /PRNewswire-FirstCall/ -- The Networks business of Motorola, Inc.'s (NYSE:MOT) Brazilian subsidiary, Motorola Industrial Ltda., has announced an investment of approximately US$5million over the next three years for two new research initiatives in Brazil. These efforts will be focused on developing new applications for mobile and fixed telephony carriers and the continued development of Motorola's leading edge SoftSwitch technology. Research on these two new initiatives is scheduled to begin this month using simulated real world commercial network environments in Motorola laboratories at its Jaguariuna Industrial and Technological Campus in the state of Sao Paulo. Products and research developed locally through these efforts will be used by Motorola worldwide.
These new research initiatives are part of Motorola's ongoing investment of its Technology Development Program in Brazil. Motorola has invested more than US$175million in that program since it was established in 1997.
"This is an important announcement for Motorola and our customers in Brazil," said Mauricio Gomes, director of Motorola Networks in Brazil. "With these new research efforts, we intend to stay at the forefront of the telecommunications networks evolution, supporting carriers by supplying value added services and continuing development of innovative solutions."
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