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Contest Will Award a Total of $100,000 in Cash Prizes to Innovators!



  Contest Will Award a Total of $100,000 in Cash Prizes to Innovators!

Business Wire

STATE COLLEGE, Pa. -- January 10, 2014

The Ben Franklin Shale Gas Innovation and Commercialization Center
www.sgicc.org is seeking innovators developing the next breakthrough
technology for the shale energy play. The 2014 Shale Gas Innovation Contest
will award a total of $100,000 to the  four best shale energy-oriented
innovations, new product ideas, or service concepts. The contest is open to
researchers, entrepreneurs, or small companies located in Pennsylvania or West
Virginia - or those willing to locate to those states.

To download an application, visit www.sgicc.org and click on the $100,000
Shale Gas Innovation Contest tab. The deadline for applications is February 1,
2014.

“As the shale energy play matures, it is even more important to focus on every
aspect of the process,” remarked Bill Hall, Director of the SGICC. “We’ve
lined up many of the leading industry players as sponsors and judges to assist
us in identifying the best new ideas. This is the third year of the contest,
and in the past, we’ve seen applications related to virtually all aspects of
the process, including the exploration, extraction, and utilization areas.”

Finalists will be chosen by a panel of industry experts at an Awards Event in
May 2014.

In addition to the cash prizes, successful applicants will gain exposure to
investors, potential partners, and industry sponsors. Traditionally a
Pennsylvania-focused event this year’s contest has been expanded to include
West Virginia through a grant from the Benedum Foundation. The competition is
co-sponsored by Ben Franklin Technology Partners (http://www.benfranklin.org),
ANGA (www.anga.us), Acorn Energy (http://acornenergy.com), AquaTech
(www.aquatech.com), Baker Hughes (www.bakerhughes.com), Cabot Oil & Gas
Corporation (www.cabotog.com), Chevron Technology Ventures
(http://www.chevron.com/ctv/ctvi/), CONSOL Energy (www.consolenergy.com),
Chesapeake Energy (www.chk.com), EQT (www.eqt.com), First National Bank
(www.fnb-online.com ), GE Oil & Gas (http://www.ge-energy.com), Little Pine
Resources (http://littlepineresources.com), the Marcellus Shale Coalition
(http://marcelluscoalition.org), Praxair (www.praxair.com), Range Resources
http://www.rangeresources.com/), Seneca Resources Corporation
(http://natfuel.com/seneca/), and Williams (www.williamsinthenortheast.com).

About SGICC: The Ben Franklin Shale Gas Innovation and Commercialization
Center (www.sgicc.org) is an initiative of the Pennsylvania Department of
Community and Economic Development and funded by the Ben Franklin Technology
Development Authority. The Center’s goal is to increase sustainable employment
while supporting the commercialization of technologies that enhance
responsible stewardship of the environment.

Contact:

Shale Gas Innovation & Commercialization Center
Bill Hall/Director, 814-933-8203
billhall@psu.edu
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