Compugen Inc.

Compugen Inc.

September 09, 2009 16:00 ET

Compugen Begins Construction of New National Headquarters in Richmond Hill With Ground-Breaking Ceremony

Major New $20M Facility Slated to Open in Summer of 2010

RICHMOND HILL, ONTARIO--(Marketwire - Sept. 9, 2009) - Compugen today announced its new 120,000 square-foot facility in Richmond Hill at a ground-breaking ceremony to mark the beginning of construction. Dignitaries in attendance included the Hon. Bryon Wilfert, Member of Parliament for Richmond Hill, Richmond Hill's Mayor David Barrow, local councillors and a number of leaders from the IT sector in Canada including representatives from Cisco, HP, IBM, Lenovo and Microsoft.

The new facility will feature state-of-the-art office, warehouse, national call centre and technology lab space. It is situated on Via Renzo Drive, a few blocks north of Compugen's current Richmond Hill location. The new facility, designed and to be built by Urbacon Ltd., is part of the new Barker business park.

Compugen's investment in the new facility is a response to the significant growth that the company has generated during the past few years, almost doubling its staff complement, widening its national network of branch sales and service locations, and expanding key areas of its business.

"Our growth and new business initiatives required expanded and upgraded office, laboratories, and operations facilities," said Harry Zarek, President and CEO of Compugen Inc. "We have been a proud part of the Richmond Hill business community for many years and are pleased to continue this partnership with the Town and with York Region."

Completion of the new facility is scheduled for the summer of 2010.

About Compugen

Compugen, the largest privately owned Canadian IT solution and service provider, has been delivering practical, real-world IT infrastructure solutions since it was founded in 1981 by current President and CEO Harry Zarek. Today, Compugen's experienced team of IT professionals helps medium-size and large corporations and government agencies across Canada with enterprise-level solutions that optimize IT infrastructure and leverage technology for better business results. Focusing on IT infrastructure and lifecycle services, networking and telephony, software sales and state-of-the-art maintenance services across the country, Compugen offers a complete design-build-run-maintain lifecycle suite of professional IT services and is a top-level partner in Canada for Cisco, Citrix, Hewlett-Packard, IBM, Lenovo, Microsoft, VMware and other technology leaders. Compugen was three times chosen by Microsoft as its Worldwide Partner of the Year, in 2007, 2008 and 2009 and has received numerous distinctions within the industry.

Complete information on Compugen and its lifecycle suite of IT services can be found at www.compugen.com.

Cisco, HP, IBM, Lenovo, Microsoft and Urbacon are registered trademarks of their respective owners in Canada and/or other countries.

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