Printer Friendly


 DEARBORN, Mich., Nov. 8 /PRNewswire/ -- Algor, Inc., a Pittsburg- based mechanical engineering analysis software manufacturer, announced it will donate $20 million of mechanical engineering analysis and design optimization software and training to the Society of Manufacturing Engineers (SME) Manufacturing Engineering Education Foundation.
 "Algor is pleased to provide our mechanical engineering analysis and design optimization software to teachers and their students throughout the United States and Canada," said Michael L. Bussler, PE, founder and president of Algor. "We believe this donation is a significant investment in the engineers and the engineering technology of tomorrow."
 "More than 1,000 individual teaching faculty who are SME members will receive up to four pieces of Algor software and training, with a retail value of approximately $20,000 each. We are greatly appreciative of this grant, which represents an enormous gift to the manufacturing engineering profession," said SME Foundation President Frank J. Riley, CMfgE, PE.
 "Approximately $10 million of the gift will be focused on professors active in manufacturing engineering and research in the U.S. and Canada," said Riley. "Another $10 million will be given to the SME members who are professors in colleges with strong ties to SME in over 20 countries."
 The professors selected to receive these gifts are active SME members involved with engineering research, curricula development, accreditation and student outreach activities.
 "We believe Algor's partnership with SME is an outstanding way to reach leading professors in manufacturing engineering and their students," said Bussler. "In turn, they gain the benefits of using the most accurate, easy-to-use finite element analysis software on the market today."
 According to Foundation Manager Keith Bankwitz, "Our Foundation is focused on awarding schools and faculty who provide manufacturing engineering education with the latest in manufacturing equipment and software. This gift brings the Foundation's total gifts to 307 North American colleges to over $34 million, while our support to offshore SME members now exceeds $10 million."
 Riley added, "At this time, SME continues to provide full administrative support to the Foundation so that all gifts are unencumbered of overhead charges and pass through to benefit manufacturing engineering and manufacturing engineering technology programs. Algor's gift, combined with SME's continued financial support and that of many others, has enabled the SME Foundation to give $44 million in grants and in-kind gifts, and has helped us to establish an endowment fund of over $8.6 million."
 The SME Foundation was created in 1979 by the Society of Manufacturing Engineers to reinstate applied manufacturing engineering education curricula in engineering colleges and technical institutions. Since that time, SME has provided $2.8 million in operating funds, $1 million in award grants, and $2.25 million in endowment support to the Foundation.
 Algor makes and sells mechanical engineering software with a full range of analysis capabilities and built-in design optimization features. Algor software is used by more than 10,000 engineers in more than 60 countries for mechanical engineering analysis and design optimization. According to the company, it is virtually impossible to spend a day without using a product Algor's software helped to engineer. Products as diverse as fast-food restaurant furniture and food containers, Black and Decker's "Dustbuster," Nautilus exercise equipment and B.F. Goodrich tires were all engineered with the help of Algor software.
 SME, headquartered in Dearborn, is an international professional society dedicated to advancing scientific knowledge in the field of manufacturing engineering and management. Founded in 1932, SME has more than 75,000 members in 68 countries and sponsors over 325 senior chapters and 220 student chapters worldwide.
 -0- 11/8/93
 /CONTACT: Keith Bankwitz of SME Education Foundation, 313-271-1500, Ext. 510; or Denise Belizar of Algor, 412-471-2463/

CO: Society of Manufacturing Engineers; Algor, Inc. ST: Michigan, Pennsylvania IN: CPR SU:

ML-CJ -- DE002 -- 1555 11/08/93 07:59 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Nov 8, 1993

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters