EXFO will receive $15.9 million in funding from the Government of Canada for the development of 5G telecommunications.
The funding will enable the company to set up a 5G Center of Excellence and create 50 specialized jobs, most of them in Montreal, according to what EXFO announced in a press release.
“We We are delighted to receive this funding from the federal government, through which EXFO will leverage advanced cloud computing, artificial intelligence (AI) and machine learning technologies to accelerate the development of solutions to produce more and predict and automatically detect problems and outages in 5G networks,” said Philippe Morin, CEO of EXFO.
EXFO is a communications industry company that brings together experts in terms of testing, monitoring and analytics.
Financing t was awarded by Innovation, Science and Economic Development Canada as part of its Strategic Innovation Fund.
“Our government will continue to promote and accelerate the development of innovative solutions that generate economic growth and provide jobs for Canadians. […] We will always support technologies developed here at home and ensure that Canada remains a world leader in this field,” said the Minister of Innovation, Science and Industry, François-Philippe Champagne.
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