Mr. Speaker, last Monday, Hewlett-Packard (Canada) Ltd. announced that it had purchased a 12-acre site in Waterloo. Construction will begin immediately on the new plant that will be occupied by the Panacom automation division. The 75,000 square foot facility will be ready by September 1996. Panacom designs, develops, markets and manufactures network terminal devices for the worldwide market.
Since Panacom began in 1984 it has been a leader in its field. Panacom is the number one supplier worldwide of X-stations, which are network display devices that allow users to access simultaneously multiple applications running on work stations. Panacom is a genuine Canadian success story.
The people of my riding are delighted that Hewlett-Packard has decided to invest in Waterloo. The new plant adds to the growing, vibrant information technology sector in Waterloo riding. The new plant will mean more research and development in my riding and more jobs for the people of Waterloo.
To Hewlett-Packard and to the Panacom automation division we send our congratulations and best wishes for continued success.