InvestorsHub Logo
Followers 0
Posts 2113
Boards Moderated 0
Alias Born 04/17/2001

Re: iOwnSomeNVEI post# 2191

Thursday, 02/21/2002 3:24:18 PM

Thursday, February 21, 2002 3:24:18 PM

Post# of 78729
email to John Howell

Does this look something we may be into ?
Thanks,
AL



BT ESTABLISHES NEW RESEARCH LABORATORY AT MASSACHUSETTS INSTITUTE OF
TECHNOLOGY

BT is joining forces with some of the world's best brains to identify and
develop new 'disruptive' technologies which will change the way businesses
operate and how people organise their everyday lives.

A new laboratory, specialising in the creation of ideas that offer
alternatives to existing business models and generate new commercial
opportunities is to be opened today at the world-famous Massachusetts
Institute of Technology (MIT). Operating within the MIT Media Lab, the "BT
Disruptive Lab" represents a commitment by BT of several million pounds
running over five years.

On the same day, BT is to sign an agreement with the Cambridge-MIT Institute
Ltd (CMI), a DTI-backed alliance between the University of Cambridge in
England and MIT in Cambridge, Massachusetts, to create a 'technology
triangle' involving BT's globally- renowned research and development
facilities at Adastral Park, the University of Cambridge and MIT.

The agreement, worth £2.5 million over five years, kicks off a major
initiative which seeks to create a bridge of minds across the Atlantic. The
BT alliance with CMI will enable the two universities to undertake joint
research and teaching projects in new IT and telecommunications
technologies.

Chris Earnshaw, BT's group engineering director and chief technology
officer,
said: "The two events are part of BT's strategy of building a global
innovation footprint which includes its own R&D sites such as Adastral Park
in the UK, targeted academic investments worldwide and equity stakes in high
technology companies.

"The establishment of the new laboratory in an environment which attracts
the
cream of scientific and technological talent from around the world will
stimulate interaction between researchers, students and all branches of our
business."

Research at the laboratory will focus on looking for new technologies and
novel uses of existing technologies that have the power to disrupt or
transform existing ways of doing business or effect rapid or radical changes
within business and society.

The signing of BT's membership of the CMI will take place at Boston Harbour
today aboard a virtual BT Global Challenge yacht. The virtual environment
will enable dignitaries from both Cambridge, England, and Cambridge,
Massachusetts, to 'come-together' on-board to sign the agreement.

Al,

We are very familiar with what BT is doing with MIT and with Cambridge
University through their BT Exact Technologies. This initiative involves a
list of the most visible within the telecommunications industry.

John




If you don't have the time to do something right, where are you going to find the time to fix it?

-Stephen King

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.