Ericsson Canada recognized as a leading corporate R&D investor in Canada
- Ericsson Canada is the #1 communications/telecom equipment company on this year’s ranking
- Ericsson spent more on R&D this year in Canada, and has placed in the top 15 for 23 years in a row, placing 7th overall in spending on R&D amongst companies in the past 20 years according to the report
- Canada’s Top 100 corporate R&D spenders annual report ranking recognizes companies for their commitments to research, development, and innovation in Canada
Ericsson Canada ranks 13th in the country when it comes to research and development spending, according to Research Infosource Inc.’s, Canada’s Top 100 Corporate R&D Spenders annual ranking issued today, moving up one spot in the rankings from last year. The report, penned by Canada’s source for research and development (R&D) intelligence, breaks down corporate research and development spending in Canada, recognizing companies’ substantial investments for fiscal 2022.
“Ericsson's dedication to research and development is a cornerstone of our global strategy, and our investment in this area is a testament to our commitment to Canada and to our Canadian employees,” said Erik Ekudden, CTO at Ericsson. “The technology breakthroughs and innovations developed in Canada are not just pivotal for Ericsson but also play a significant role in advancing the global telecommunications industry. This consistent investment in R&D underscores our dedication to fostering innovation and technological leadership on a global scale."
“It’s fitting that as Ericsson Canada celebrates 70 years of innovation here in Canada, we continue to be recognized as a proven leader on this country’s R&D scene,” said Jeanette Irekvist, President of Ericsson Canada. “As a global frontrunner in 5G and the largest 5G network equipment provider to Canada’s carriers, we support our Canadian service providers with many of the made-in-Canada technologies that were patented, fine-tuned, tested, or produced at one of our R&D centres here.”
“That made-in-Canada talent and our global expertise, coupled with our collaborative relationships with Canadian universities, industry experts and government, allow us to consistently look for new ways to innovate for our customers and for Canadian society. I’m excited to see what comes next,” added Irekvist.
“Ericsson Canada continues to be a stalwart on the Canadian R&D scene with their consistent investment into Canadian innovation and talent. Time and again, this company is among the country’s corporate R&D leaders. Research Infosource commends Ericsson’s considerable contributions again this year,” said Ron Freedman, CEO of Research Infosource Inc.
The annual ranking for R&D spending in fiscal 2022 saw Ericsson at 13th place. Ericsson increased spending this year from $390M to $446M in Canada.
Ericsson Canada has been connecting Canadians for 70 years. We partner with leading telecommunication companies and more than 20 of the country’s top universities and colleges to accelerate R&D and build 5G infrastructure, bringing connectivity to all Canadians. Ericsson Canada is committed to enabling this country’s industries to lead on the world stage, supporting major service providers on their path to nationwide 5G rollout and collaborating with leading players from both academia and wider industry, consisting of partnerships with more than twenty of the country’s top universities and colleges.
Ericsson Canada has invested more than $7 billion in R&D in Canada and continues to employ more than 3,100 people across the country, contributing more than 2,000 patents to the company’s 57,000 global patent portfolio. Ericsson Canada provides 5G infrastructure products and services for Bell, EastLink, Rogers, TELUS, Videotron and Xplore and live 5G commercial networks across the country. We enable private network solutions as well as transport and critical infrastructure to remote mines and utilities across the country through client partnerships with Ambra, Hydro BC, Hydro One, Hydro Quebec and more.
To read the full announcement, click here for the media release and to view the rankings. Research Infosource recently released its annual report on corporate research and development spending in Canada, recognizing companies’ substantial gain in spending.
NOTES TO EDITORS:
Ericsson enables communications service providers and enterprises to capture the full value of connectivity. The company’s portfolio spans the following business areas: Networks, Cloud Software and Services, Enterprise Wireless Solutions, Global Communications Platform, and Technologies and New Businesses. It is designed to help our customers go digital, increase efficiency and find new revenue streams. Ericsson’s innovation investments have delivered the benefits of mobility and mobile broadband to billions of people globally. Ericsson stock is listed on Nasdaq Stockholm and on Nasdaq New York. www.ericsson.com