DragonWave adopts poison pill

Ottawa-based wireless backhaul network developer DragonWave Inc. has adopted a shareholder rights plan, sometimes referred to as a poison pill. The move is not aimed at preventing a takeover, but is designed to encourage the fair and equal treatment of shareholders in connection with any takeover bid for the company.

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Cell-Loc sells patent to Samsung

Cell-Loc Location Technologies Inc. has sold one of its technology patents to Samsung Electronics Co., Ltd. of Seoul, South Korea. Under the terms of the agreement, Cell-Loc received a one-time payment of US$ 650,000 from Samsung in return for the wireless location system patent – US patent #5,890,068. The Calgary company retains the right to use its patent for both its own use and to sell to customers globally. Proceeds will be used for working capital and for business development purposes.

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ICT sector gets boost in federal budget

Broadband and healthcare technology got some good news in the federal budget this week, and according to one industry association, the moves should help stimulate growth in the broader information and communications technologies (ICT) sector.

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Tina Van Dusen and others leave CAB in wake of job cuts

Tina Van Dusen, the Canadian Association of Broadcasters’ (CAB) chief operating officer is set to leave her position as a result of structural changes announced this week. The changes, approved by CAB’s board, will also see 14 positions made redundant in the marketing, regulatory, communications, legal and administrative departments.

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Tory budget fails to address venture capital gap: ITAC

While the Conservative Party‘s budget recognized the importance of the knowledge economy by investing in some information and communications technologies (ICT) sectors – such as broadband and electronic health records – it missed the boat on stimulating venture capital investment in early stage companies.

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Telecom Hall of Fame honours radiocomm system designers

Canada’s Telecommunications Hall of Fame will pay tribute to Humber College students Paul Je, Patrick Neelin, Gino Cunti, and Kevin Luong and their professor, Mark Rector for their innovative NASA-approved satellite radiocommunication system to make voice radio contact with astronauts aboard the International Space Station.

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