3/15/2013 11:20:59 AM
Rochester Business Journal: Q4: Paul Tolley, executive director, STC
Rochester Business Journal
Q: This week it was announced that Dynamax Imaging LLC will relocate its operation from Homer, Cortland County, to the College of Nanoscale Science and Engineering's Smart System Technology and Commercialization Center of Excellence in Canandaigua. How did the agreement come about?
A: The critical starting point is the high-tech blueprint and strategic investments of Gov. Cuomo, which have made New York a global leader in nanotechnology and served to establish CNSE's STC as a recognized hub for innovation. Based on that reputation, Jim Tan, president and CEO of Dynamax Imaging, approached STC in January as a possible source to provide microelectronic packaging services and wafer processing. He had recently purchased the CMOS image sensor business from Panavision and was evaluating their existing business relationships. Jim was looking at opportunities to move the company to the San Francisco Bay area, where some other Dynamax operations are located. We shared with him Gov. Cuomo's vision for supporting nanotechnology and semiconductor development, including how it provided Dynamax significant opportunities to both leverage the assets at STC and tie into CNSE's Albany infrastructure. As we spoke further, he decided it made more sense, both from a cost perspective and a strategic approach, to keep the company in New York, expand here and relocate other operations here. We are also looking at further partnerships for new business opportunities, as well as R&D programs.
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