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MCC BOARD APPROVES NEW CORPORATION TO COMMERCIALIZE MCC TECHNOLOGY

 MCC BOARD APPROVES NEW CORPORATION TO COMMERCIALIZE MCC TECHNOLOGY
 AUSTIN, Texas, Sept. 3 /PRNewswire/ -- The board of directors of the Microelectronics and Computer Technology Corporation (MCC) has unanimously approved the creation of a new organization to commercialize MCC technology.
 MCC Ventures, Inc., will be an independent corporation capitalized by MCC and by other investors. The new corporation will have access to MCC technology, paying MCC licensing fees and royalties. MCC Ventures will also license technology from other sources, including National Laboratories and universities, and will assist start-up companies with management, technical, and financing assistance. MCC Ventures will commercialize the licensed technologies, typically leading to the establishment of spin-off companies.
 The MCC members who participate in developing the technology commercialized by MCC Ventures will have accelerated access to the resulting products and services, as well as a right of first refusal to invest in spin-off companies. Those spin-off companies, it is anticipated, will become a supplier infrastructure for MCC's members. This should provide substantial benefit to MCC members in pursuing their independent business activities.
 "The goal is to create business advantage for MCC's members -- the 78 companies who collectively represent the entire spectrum of the information technology industry," according to Craig Fields, MCC chairman and CEO. "This is a new approach to technology transfer -- transferring technology into
purchasing departments as well as research labs. Through this action, MCC's board has demonstrated its commitment to innovation by creating a uniquely American response to the need for linking customers and suppliers.
 "MCC's members have invested almost $500 million in a wide-range of technology, and commitments for the next two years are approaching $100 million," Fields continues. "This is a technology base matched by very few other organizations in the world, and provides a rich source for product innovation."
 "This is a unique opportunity for investors," says Fields, "since they will be able to invest in start-up companies built upon mature technology from MCC and with products largely designed by their ultimate customers, including the MCC members." Fields indicates that MCC management is currently in discussions with potential investors for MCC Ventures.
 "A key objective is to expand the supplier base available to the industry," according to Brian Kushner, MCC's vice president of corporate development, "providing MCC members quicker access to new products and new markets through the creation of new businesses."
 "We will provide management assistance and administrative support to assist spin-off companies in building successful businesses," according to Kushner. "We will also provide a variety of additional services including financing assistance, business planning and marketing, assembly of management talent, and technical expertise."
 For example, Kushner points out, "the MCC business development and membership services functions, which have well-established relationships with MCC member companies, will be available to assist ventures and its spin-offs in building strategic alliances with MCC members."
 "MCC will directly benefit from MCC Ventures in several ways," continues Fields. "Obviously, MCC Ventures will provide revenues to MCC, which will provide resources for additional research. But perhaps more importantly, MCC Ventures will provide a valuable source of market testing and feedback to the researchers at MCC and expand the career opportunities for MCC employees, who will be able to move between MCC research and MCC Ventures."
 "Furthermore, as these new companies grow, they will create new jobs and opportunities in Austin and throughout Texas and the nation."
 Fields concludes, "In a larger context, the establishment of MCC Ventures reflects trends that are underway in the industry -- distributed infrastructure, flexible partnerships, and a focus on quick time-to-market, quality, price and product variety. We are redefining the American consortium in a way that will make a real contribution to the competitiveness of our members and, ultimately, the information industry."
 The Microelectronics and Computer Technology Corporation (MCC) is a cooperative R&D enterprise whose mission is to strengthen and sustain the competitiveness of member companies who share common elements of a technical vision in information technology. MCC's membership currently includes 22 shareholders and 56 associate members. MCC research includes approximately 30 projects in the areas of information systems and high value electronics.
 -0- 9/3/92
 /CONTACT: Bill Stotesbery of MCC, 512-338-3785/ CO: Microelectronics and Computer Technology Corporation; MCC Ventures,
 Inc. ST: Texas IN: CPR SU:


PS -- NY071 -- 6470 09/03/92 13:41 EDT
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Date:Sep 3, 1992
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