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

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

Business Wire

CHAMPAIGN, Ill. -- January 14, 2013

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.

Contact:

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
 
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