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Former Remy CEO to Lead New Flagship Energy Systems Center Initiative

Posted on: Thursday, 9 February 2006, 12:00 CST

ANDERSON, Ind., Feb. 9 /PRNewswire/ -- The Flagship Enterprise Center Board of Directors announces the launch of a new alternative energy initiative entitled, Flagship Energy Systems Center, enlisting former President and CEO of Remy International, Inc., Thomas J. Snyder to serve as interim Chairman.

(Photo: http://www.newscom.com/cgi-bin/prnh/20060209/DETH012 )

The new initiative will be organized under the Flagship Enterprise Center charter and will function in concert with the recently formed Purdue Energy Center at Discovery Park. The Energy Systems Center will promote the development and commercialization of new energy technologies associated with generation, conversion and storage of energy for both transportation and distributed generation markets.

In his new role as chairman, Snyder will lead the State's first energy- focused development center of excellence charged with the mission to establish Central Indiana as the "Bio-Crossroads of Energy.""We have a multi- generational wealth of available engineering expertise associated with Anderson's legacy in the automotive industry," stated Snyder. "We are responding to the President's call for energy independence by enlisting the best talent available anywhere to help us commercialize new and emerging energy technologies," noted Snyder.

Charles Staley, president and chief executive officer of the Flagship Enterprise Center commented, "We are pleased and very fortunate to have Mr. Snyder's talent and dedication to this effort which will benefit both our community and the course of future energy enterprises around the world. On behalf of the Board of Directors, we welcome his leadership and look forward to a new world of opportunities in the vital field of alternative energy."

The non-profit Flagship Enterprise Center (http://www.flagshipenterprise.org/ ), located at I-69, Exit 22, in the Flagship Business Park, provides client facilities where new businesses can be nurtured by experienced business owners, Anderson University's Falls School of Business faculty, venture capitalists, local business organizations (i.e. SCORE and C.E.D.), government entities, technology personnel, and others.

Serving as a small business incubator and early business accelerator, the center emphasizes development of emerging manufacturing and electronic technologies. Among the services the center provides are access to university researchers and scientists, ongoing contact with management consulting, student mentoring opportunities for research and development support and access to state-of-the-art telecommunications. To date the Flagship has played a key role in the progress of many clients, including Ipower Energy Systems (http://www.ipowertechnologies.com/ ), XADS (http://www.xtremeads.com/ ) and Altairnano Technologies (http://www.altairnano.com/ ).

First Call Analyst: FCMN Contact:

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20060209/DETH012PRN Photo Desk, photodesk@prnewswire.com

Flagship Enterprise Center

CONTACT: Chris Williams of Flagship Enterprise Center, +1-765-641-4235,cjwilliams@anderson.edu

Web site: http://www.flagshipenterprise.org/

Source: PRNewswire

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