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Silicon Valley Tackles Solutions to U.S. Dependence on Foreign Oil at Novellus-Initiated CEO Summit.

ENERGY RESOURCE-10 October 2006-Silicon Valley Tackles Solutions to U.S. Dependence on Foreign Oil at Novellus-Initiated CEO Summit(C)2006 JeraOne - http://www.jeraone.com

More than 200 CEOs, academics, policymakers, community and business leaders will convene at Novellus Systems in San Jose, Calif., Oct. 16 to discuss ways to reduce U.S. dependence on foreign oil by turning ideas into action.

Hosted by Novellus and in partnership with the Silicon Valley Leadership Group (SVLG), the CEO summit is a result of the "overwhelming positive response" to an Open Letter authored by Novellus President Sass Somekh.

The letter highlights the threats to the stability of the business environment, as well as national security, and calls on Congress to immediately begin efforts to reduce the nation's dependence on imported oil by adopting new policies, including researching and supporting various forms of alternative energy.

More than 30 of Silicon Valley's top CEOs signed the Open Letter, which is available for viewing and endorsement at www.svoilfree.org.

Sen. Dianne Feinstein, a member of the Senate Appropriations and the Energy and Natural Resources committees, will be the keynote speaker at the inaugural session of the initiative.

"In the 1970s America was faced with a less-threatening oil situation than what we are now experiencing," Somekh said. "As one of the most powerful regions in the world, both economically and technologically, Silicon Valley must participate and help find solutions to a problem that carries economic ramifications as well as national security issues."

"As individuals, corporations and as a community -- in addition to what we can accomplish through public policy -- Silicon Valley can offer innovative ways to enhance alternative energy," added SVLG CEO Carl Guardino. "In Silicon Valley, we know that green is gold, and through clean- and green-tech, we can lead our nation and world on the road to energy independence."

The CEO Summit on Alternative Energy will be held at Novellus Systems' campus in San Jose. The lunch event sponsored by Novellus Systems and in partnership with the Silicon Valley Leadership Group is by invitation only.

Scheduled panelists who will speak on the issue include Congresswoman Zoe Lofgren, California Undersecretary for Energy Affairs Joe Desmond, former National Security Advisor Robert "Bud" McFarlane, Chairperson of Set America Free Coalition Anne Korin, Palm President and CEO Ed Colligan and Novellus President Somekh.

Also scheduled to speak are Congressman Mike Honda, Silicon Valley Leadership Group CEO Guardino and Novellus CEO Rick Hill.

The event will conclude with the signing of a pledge by several business and government leaders committing to take both short- and long-term actions in their organizations to reduce oil consumption and encourage development of alternative fuels.

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Date:Oct 10, 2006
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