Dow Opens Innovation Center at the University of Illinois Research Park to Advance Computing and Informatics Applications

Mon Jan 14, 2013 12:14pm EST

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CHAMPAIGN, Ill.--(Business Wire)--
As part of its mission to solve challenging problems through innovation, The Dow
Chemical Company (NYSE:DOW) announced a partnership with the University of
Illinois to open the Dow Innovation Center, a research facility located at the
University of Illinois Urbana-Champaign. The new Innovation Center will develop
data management solutions to drive value and accelerate discovery in the
Research & Development (R&D) organizations throughout Dow. 

"The opening of the Dow Innovation Center continues the strong relationship
between the University of Illinois and Dow," said Chancellor Phyllis Wise. "We
are pushing the edges of science and technology to explore new ideas in critical
areas such as water, energy, coatings and agriculture. Solutions to increasingly
complex societal challenges brought about by an expanding global population will
be found in this kind of innovative partnership. The new center will draw upon
the strengths in High Performance Computing (HPC), Informatics, and Computer
Science at the University of Illinois to enhance technology and research within
Dow." 

At the same time, Dow has entered into an industry partnership with the National
Center for Supercomputing Applications (NCSA), providing access to expertise and
equipment which will accelerate Dow`s discovery processes. This partnership will
enable Dow to leverage the center`s expertise and knowledge of best practices in
high-performance modeling and simulation to gain a competitive edge. "We are
very pleased to announce the opening of an IT development office that will build
upon the University of Illinois` tradition of groundbreaking computer science
research and education," said Roy Ladd, Director of Global Information Research
at Dow. "With access to a highly passionate student body and NCSA`s valuable
resources, we are confident that we can develop innovative IT solutions that
will help solve some of the most pressing challenges facing our customers and
society today." 

A team of sixteen students in computer science and related fields will work
part-time at the new Dow Innovation Center, which opens in the spring 2013
semester. The operation is in the Research Park, which is located on campus to
better connect industry with researchers and students. "This environment will
provide students the opportunity to enhance their University of Illinois
education with real-life experiences that impact industry and address major
global product solutions," said Lawrence Schook, University of Illinois Vice
President for Research. 

The University of Illinois at Urbana-Champaign is also part of the Strategic
University Partnership launched by Dow in 2011 to focus research capabilities
with 11 of the leading chemistry, materials science and chemical engineering
departments in the country. Learn more at Dow.com/Innovation. 

About Dow

Dow (NYSE: DOW) combines the power of science and technology to passionately
innovate what is essential to human progress. The Company connects chemistry and
innovation with the principles of sustainability to help address many of the
world's most challenging problems such as the need for clean water, renewable
energy generation and conservation, and increasing agricultural productivity.
Dow's diversified industry-leading portfolio of specialty chemical, advanced
materials, agrosciences and plastics businesses delivers a broad range of
technology-based products and solutions to customers in approximately 160
countries and in high growth sectors such as electronics, water, energy,
coatings and agriculture. In 2011, Dow had annual sales of $60 billion and
employed approximately 52,000 people worldwide. The Company's more than 5,000
products are manufactured at 197 sites in 36 countries across the globe.
References to "Dow" or the "Company" mean The Dow Chemical Company and its
consolidated subsidiaries unless otherwise expressly noted. More information can
be found at www.dow.com. 

About the University of Illinois

The University of Illinois is a world leader in research, teaching and
discovery. Distinguished by the breadth of its programs, broad academic
excellence, and internationally renowned faculty, the University of Illinois has
a commitment of excellence in teaching, research, public service and economic
development. The University of Illinois at Urbana-Champaign serves the state,
the nation, and the world by creating knowledge, preparing students for lives of
impact, and addressing critical societal needs through the transfer and
application of knowledge. 

About the Research Park at the University of Illinois

The Research Park at the University of Illinois at Urbana-Champaign provides an
environment where technology-based businesses can work with faculty and students
at Illinois to take advantage of opportunities for collaborative research and
easy access to University labs, equipment, and services. The Research Park is
home to more than 90 companies and growing, employing over 1,400 people in
high-technology careers. At any given time, over 400 student interns are gaining
valuable work experience while making real contributions to internal corporate
R&D and product development programs. Publicly-traded firms in the Research Park
include: ADM, Abbott Laboratories, Caterpillar, Deere & Company, Neustar,
Pearson, Raytheon, Riverbed, Sony, State Farm, and Yahoo. It was named 2011
Outstanding Research Park of the Year by the Association of University Research
Parks (AURP). The Research Park has been developed through a public-private
partnership between the University of Illinois and Fox/Atkins Development, LLC.
More information at researchpark.illinois.edu. 

About the National Center for Supercomputing Applications

NCSA, located at the University of Illinois at Urbana-Champaign, provides
powerful computers and expert support that help thousands of scientists and
engineers across the country improve our world. For 25 years, NCSA has been a
leader in deploying robust high-performance computing resources and in working
with research communities to develop new computing and software technologies.
Building on this history of leadership, NCSA and its partners are at work on the
Blue Waters project, which will provide the national research community with a
sustained-petaflop supercomputer. For more information, see ncsa.illinois.edu.

University of Illinois
Laura Frerichs, Research Park Director
(217) 333-8323
lfrerich@illinois.edu
or
The Dow Chemical Company
Fernão Silveira, Global Media Relations
FSilveira@dow.com

Copyright Business Wire 2013

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