SRI-St. Petersburg Begins Operation of Its New Marine Technology Unit.MENLO PARK Menlo Park. 1 Residential city (1990 pop. 28,040), San Mateo co., W Calif.; inc. 1874. Electronic equipment and aerospace products are manufactured in the city. Menlo College and a Stanford Univ. research institute are there. 2 Uninc. , Calif. -- Silicon Valley-based SRI International (company) SRI International - One of the world's largest contract research firms. Founded in 1946 in conjuction with Stanford University as the Stanford Research Institute, they later became fully independent and were incorporated as a non-profit organisation under U.S. , one of the world's leading independent research and technology development organizations, has today officially started operations of its new marine technology unit in St. Petersburg, Fla. SRI's expansion in Florida was first announced on November 30 at a press conference in St. Petersburg with Mayor Rick Baker. The new operation, called SRI-St. Petersburg, is being launched with the transition of up to 40 staff members from the University of South Florida's Center for Ocean Technology. Six staff members have already joined SRI International and the new program, with several more expected soon. SRI-St. Petersburg plans to grow to 100 jobs over the next five years. "We extend to SRI a warm welcome to St. Petersburg, one of the largest marine science centers in 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. ," said Mayor Rick Baker. "From its new home base, we look forward to SRI-St. Petersburg's global contributions in the area of marine technology and oceanographic research." In addition, on December 14 the St. Petersburg City Council approved the facility lease and development agreement between the City and SRI. The City of St. Petersburg will provide a site for SRI's new 30,000- to 35,000-square foot facility, and will design and construct the facility at the Port of St. Petersburg within the Bayboro area, a designated State Enterprise Zone. Funding for the design and construction of the new facility will be provided by the State of Florida and Pinellas County, which will each provide $5 million. SRI-St. Petersburg is temporarily located at the University of South Florida • • [ . SRI-St. Petersburg will work closely with the faculty of USF's College of Marine Science to accelerate research and development of technologies. SRI-St. Petersburg aims to accelerate research and development of technologies related to ocean science, the maritime industry, and port security. SRI's expansion into Florida is a collaboration Working together on a project. See collaborative software. with the University of South Florida's College of Marine Science and its Center for Ocean Technology, and is supported by the City of St. Petersburg, Pinellas County and the State of Florida. About SRI International Silicon Valley-based SRI International (www.sri.com) is one of the world's leading independent research and technology development organizations. Founded as Stanford Research Institute Stanford Research Institute - Former name of SRI International. in 1946, SRI has been meeting the strategic needs of clients for 60 years. The nonprofit A corporation or an association that conducts business for the benefit of the general public without shareholders and without a profit motive. Nonprofits are also called not-for-profit corporations. Nonprofit corporations are created according to state law. research institute performs client-sponsored research and development for government agencies, commercial businesses, and private foundations. In addition to conducting contract R&D, SRI licenses its technologies, forms strategic partnerships, and creates spin-off The situation that arises when a parent corporation organizes a subsidiary corporation, to which it transfers a portion of its assets in exchange for all of the subsidiary's capital stock, which is subsequently transferred to the parent corporation's shareholders. companies. |
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