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Arris Group, Inc. to undertake a strategic research and development investment in Cork
September 3, 2008
SUWANEE, Ga. -- The Minister for Labour Affairs, Billy Kelleher TD today (3 September 2008) announced that ARRIS Group, Inc. of the U.S., which develops and manufactures voice, video, and high-speed data products for the global cable TV industry, is to undertake a strategic Research and Development investment for high value video products for the cable industry at its Irish operations in Cork. The €4.5 million investment, supported by IDA Ireland, will strengthen the R&D effort in Cork by adding new skills and technologies that will significantly advance the potential for technical innovation within the Company’s Irish operations.
Minister Kelleher said 'This is excellent news as the investment is leading-edge R&D and will further secure the existing ARRIS operations and employment at the Cork site. It again demonstrates the ability of Irish based R&D operations to contribute cutting-edge and highly complex solutions as part of a parent company’s strategic future development plans. This project will represent a major shift for ARRIS into higher value video products for the cable industry, which is viewed as a key area for growth in the coming years. The decision to locate such a strategic investment at the Cork site was influenced by its success to date, for which the Cork management and workforce are to be congratulated.'
Arris Group Inc. (Nasdaq: ARRS)
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