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Posted: March 30, 2009
IBM deal with UAlbany Nanocollege expected to continue another 5 years
(Nanowerk News) The Times Union reports today that IBM is expected to announce today a five-year extension of its research and development partnership with the University at Albany's College of Nanoscale Science and Engineering:
The announcement will come at the ribbon-cutting ceremony marking the official opening of the $150 million expansion to the Albany NanoTech Complex, according to a source close to the move.
IBM's extension means that it will have invested more than $1 billion into the NanoCollege by 2013.
The nearly completed NanoFab East Office and Laboratory Building and NanoFab Central Cleanroom Building are expected to generate $1 billion in new investments and 600 new jobs. They will add more than 350,000 square feet of office and laboratory space. The two new buildings also will bring the total cleanroom space at the college to 80,000 square feet, giving UAlbany the largest such state-of-the-art complex of any university in the world.