Emerging Tech Expo 2005 - October 31, 2005
For Immediate Release
October 31, 2005
SENATOR CLINTON KEYNOTES EMERGING TECH EXPO 2005
HELPING NEW YORK COMPANIES HARNESS OPPORTUNITIES IN NANOTECHNOLOGY, BIOTECHNOLOGY, AND WIRELESS
At Expo, co-hosted by Northrop Grumman and New Jobs for New York, five federal defense prime contractors announce plans to co-host, in partnership with New Jobs for New York, a New York State Defense and Aerospace Suppliers Conference in 2006
Pfizer also announces plans to host conference for New York’s emerging biotechnology companies
Garden City, NY – At the Cradle of Aviation Museum in Garden City today, Senator Hillary Rodham Clinton joined with New Jobs for New York and Northrop Grumman to host “Emerging Tech Expo 2005,” a conference bringing together investors and innovators in nanotechnology, biotechnology, and wireless and showcasing innovations, trends and opportunities for New York companies in these three high-growth areas.
During the Expo, five exhibitors, all of which are federal defense prime contractors, announced that they would participate in a 2006 New York State Defense and Aerospace Suppliers Conference that will be hosted by New Jobs for New York next year. These companies, which include Northrop Grumman, Lockheed Martin, EDO, BAE, and L-3 Com, received nearly $116 billion dollars in federal defense contracts in 2004.
At the Expo, Pfizer also announced that it would host, in partnership with New Jobs for New York, New York State’s emerging biotechnology companies at its Groton, Connecticut facility, which is the largest private biomedical research and development facility in the world.
“Emerging Tech Expo 2005” presented an opportunity for emerging companies with high growth potential to network with investors, research institutions, and government officials; for established companies to discover partnership opportunities with start-up businesses that are commercializing cutting-edge research; and for investors to explore new technologies and new companies.
Over the next decade, the development of breakthrough technologies in three critical areas — wireless technology, nanotechnology and biological sciences will have a significant impact on the companies, entrepreneurs and academic researchers who are defining next generation products and services for their customers. Individually, these technologies have been driving innovation over the last ten years, but it is their overlap and the synergies between them that will define the next phase of scientific discovery.
“There is tremendous economic growth potential in the convergence of these technologies,” said Roger C. Altman, Chairman of the Board of Directors. “In order to harness this potential, we need to strengthen intra-state partnerships between private industry and academic institutions and between Downstate and Upstate companies and universities.”
The conference featured a keynote address by Senator Clinton and included a trade show highlighting twenty-eight exhibits of New York State’s leading nanotechnology, wireless technology, and biotechnology companies and top research institutions. Senator Clinton hosted a panel discussion featuring leaders from private industry and investment in these technology sectors.
“Everyday, communities and families across Upstate New York work to replace the manufacturing jobs that have been lost in recent years,” said Senator Hillary Rodham Clinton. “Events such as this Expo, the Defense and Aerospace Suppliers Conference and the Pfizer biotechnology event will enable our State’s largest companies, many of which are leaders in the defense, aerospace, and biotechnology industries, to strengthen their existing partnerships, or create new ones, with the world-class emerging companies across New York State.”
The first panel, “Trends and Opportunities in Biotechnology, Nanotechnology, and Wireless Technology” included Dr. Peter Corr, Senior Vice President for Science and Technology, Pfizer, Duke Dufresne, Sector Vice President, Airborne Early Warning and Electronic Warfare Systems, Northrop Grumman, Michael Fancher, Director, Economic Outreach, Albany Nanotech, Associate Professor of Nanoeconomics, Dr. Shirley Strum Kenny, President, Stony Brook University, SUNY, and Scott Livingston, Managing Director, Axiom Capital Management and President, The Livingston Group.
PARTICIPATING COMPANIES
Northrop Grumman
Lockheed Martin
IBM
Telephonics
OSI
L-3 Communications
EDO
Corning
Pfizer
BAE
AFCO Systems
BASCOM
BioDefense Corporation
EpiServe
Future Tech
Globecomm Systems
Impact Technologies
inGenious Targeting Laboratory
KLD Labs
Logical Images
NanoDynamics
On2
VAI/Vormittag
MTI MicroFuel Cells
Albany Nanotech
Brooklyn Polytechnic CATT
Cold Springs Harbor Laboratory
Cornell Nanoscale Science & Technology Facility
Stony Brook University - Center of Excellence in Wireless Technology