Alcoa Signs MOU With India's Council of Scientific & Industrial Research (CSIR).Innovation Council Formed to Collaborate on Research Focusing on Areas of Energy, Environment and Material Science NEW DELHI New Delhi (dĕl`ē), city (1991 pop. 294,149), capital of India and of Delhi state, N central India, on the right bank of the Yamuna River. , India & NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Alcoa (NYSE NYSE See: New York Stock Exchange :AA) announced today that it has signed a Memorandum of Understanding A Memorandum of Understanding (MoU) is a legal document describing a bilateral or multilateral agreement between parties. It expresses a convergence of will between the parties, indicating an intended common line of action and may not imply a legal commitment. (MOU (Minutes Of Usage) A metric used to compute billing and/or statistics for telephone calls or other network use. ) with India's Council of Scientific & Industrial Research (CSIR CSIR Council for Scientific and Industrial Research (Ghana) CSIR Council of Scientific and Industrial Research (India) CSIR Centre for Scientific and Industrial Research ) to partner in collaborative research projects that address critical global issues such as energy efficiency, alternative and renewable energy Renewable energy utilizes natural resources such as sunlight, wind, tides and geothermal heat, which are naturally replenished. Renewable energy technologies range from solar power, wind power, and hydroelectricity to biomass and biofuels for transportation. sources, environmental technologies as well as multi-material engineered solutions. The MOU establishes the CSIR/Alcoa Leadership Innovation Council that will steer and support innovations that generate value for both organizations. "CSIR is happy to partner with Alcoa on challenging R&D activities that will help make tomorrow's world Tomorrow's World was a long-running BBC television series, showcasing new (and often wacky) developments in the world of science and technology. First aired in 1965, it ran for 38 years until it was axed at the beginning of 2003, ostensibly because of falling ratings. better," said Director General R.A. Mashelkar of CSIR. "We are looking forward to connecting researchers with common purposes and common goals around innovation." "We are excited to partner with the research community in India and leverage our combined capabilities to develop solutions for some of the most difficult problems that face governments and business," said Dr. Mohammad Zaidi, Executive Vice President, Market Strategy, Technology and Quality, Alcoa. "We are anxious to begin working on projects with CSIR that we have identified as areas of mutual interest." Both CSIR and Alcoa will each have four standing members on the council, which will be co-chaired by Dr. Swaminathan Sivaram, Director, National Chemistry Laboratory of CSIR, and Dr. Ashok Nayak, Director, External Innovations & Technology Strategy, Alcoa. Some of the areas of initial focus include energy innovations to ensure long-term sustainability of operations, environmental innovations that use nano-technology and biotechnology to convert waste to products, packaging innovations that provide next-generation solutions to customers, and multi-material engineered solutions for a number of markets. About CSIR Council of Scientific and Industrial Research The Council of Scientific & Industrial Research (CSIR) is the premier industrial research and development (R&D) organization in India. It was founded on 26 September, 1942, by a resolution of the then Central Legislative Assembly. is a premier R&D organization of India, with a chain of 38 research laboratories spread all over the country. CSIR covers a wide spectrum of science and technology. It carries out research of value not only to industry, but also to the other vital sectors of economy. Several national and international companies have strategic linkages with CSIR to jointly develop a new knowledgebase. About Alcoa Technology Alcoa's global technology organization is comprised of thousands of scientists, engineers and researchers around the world dedicated to discovering and developing the next-generation of Alcoa products, processes and services. Alcoa's scientific community is connected globally to research centers and universities in Russia, China, India, Europe and the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Founded on the innovative spirit of Charles Martin Hall Noun 1. Charles Martin Hall - United States chemist who developed an economical method of producing aluminum from bauxite (1863-1914) Hall and his patent that sparked the entire aluminum industry, Alcoa has more than 2,600 active patents today. The company also owns the world's largest light metals research and development center, one of only two light metals R&D centers in the world. Alcoa annually invests approximately 1% of its revenues in R&D, which is helping to build a foundation for Alcoa's future. About Alcoa Alcoa is the world's leading producer and manager of primary aluminum, fabricated aluminum and alumina facilities, and is active in all major aspects of the industry. Alcoa serves the aerospace, automotive, packaging, building and construction, commercial transportation and industrial markets, bringing design, engineering, production and other capabilities of Alcoa's businesses to customers. In addition to aluminum products and components, Alcoa also markets consumer brands including Reynolds Wrap(R) foils and plastic wraps, Alcoa(R) wheels, and Baco(R) household wraps. Among its other businesses are closures, fastening systems, precision castings, and electrical distribution systems for cars and trucks. The company has 129,000 employees in 44 countries and has been named one of the top most sustainable corporations in the world at the World Economic Forum in Davos, Switzerland. More information can be found at www.alcoa.com |
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