Concurrent Technologies Corporation to Facilitate Technology Transfer Between the Federal Government and the Shale Gas Industry

WASHINGTON, Feb. 16, 2012 — (PRNewswire) — The U.S. Department of Energy's National Energy Technology Laboratory (NETL) and Concurrent Technologies Corporation (CTC) have entered into a Memorandum of Understanding (MOU) under which CTC will assist NETL in the area of technology transfer.  As part of this agreement, CTC's main focus will be shale gas; however, CTC has ten other focus areas that may be useful to NETL.

CTC will operate as a partnership intermediary between industry and NETL. This includes identifying industry issues and needs, presenting industry with NETL technology and research capabilities, and assisting to develop partnerships between NETL and industry. 

"NETL has high ambitions for technology commercialization success through our new partnership with CTC," said Jessica Sosenko, NETL's Technology Transfer Program Manager.  "Our goal is to see NETL technology solving industry problems, and we believe increasing our communication with industry is an essential part of our achieving this goal.  CTC is an important asset in creating partnerships that fully utilize the facilities, capabilities, and intellectual property NETL has to offer."

"This Memorandum of Understanding establishes a mechanism through which CTC is able to assist in the transfer of Department of Energy technology to the shale gas industry," said Mr. Jerry R. Hudson, CTC's Senior Vice President, Strategy & Organizational Development.  "We will leverage our deep technical capability in areas such as environmental engineering, advanced materials, logistics, and geospatial information systems to develop integrated solutions that improve performance and solve problems."

An emerging industry in Pennsylvania, shale gas presents environmental, regulatory and business concerns.  The potential for job creation, resources, and economic development is essential for the Commonwealth and is a step toward energy security for the country. 

Concurrent Technologies Corporation (CTC) is an independent, nonprofit, applied scientific research and development professional services organization providing innovative management and technology-based solutions to government and industry.  As a nonprofit 501(c)(3) organization, CTC's primary purpose and programs are to undertake applied scientific research and development activities that serve the public interest. For more information, visit www.ctc.com.

SOURCE Concurrent Technologies Corporation

Contact:

Concurrent Technologies Corporation U.S. Department of Energy's National Energy Technology Laboratory (NETL) Mary Bevan Phone: +1-814-269-2490 Email Contact Web: http://www.ctc.com