Midwest Research Institute and Rotem Industries Ltd, Reach Agreement to Establish a Renewable Energy Technology Center in Southern Israel

KANSAS CITY, Mo., and BEER SHEVA, Israel, Dec. 17 /PRNewswire-USNewswire/ — Midwest Research Institute (MRI), a United States based not-for-profit organization with more than 60 years of experience in scientific research and development and 30 years of experience in renewable energy research, and Rotem Industries Ltd, a 25- year old Israeli based diversified technology-oriented company that specializes in commercializing new technologies, announced today that they have reached an agreement to jointly establish a Renewable Energy Technological Center (RETC) in the Rotem Industrial Park located in Dimona, Israel.

After two years of evaluating the potential for new technology development in the fast-growing renewable energy sector in Israel, MRI and Rotem will leverage their collective scientific and technological expertise and utilize RETC as a center to identify, evaluate, and support the development and commercialization of promising new technologies for the global marketplace.

“In Israel, MRI has found innovative technologies with commercialization potential that will advance new renewable energy applications in the marketplace,” said Roger Starnes, MRI Group Vice President of Strategic and Emerging Program Development. “MRI’s and Rotem’s capabilities complement each other and by working together through the Center we will be able to accelerate the advancement of these technologies.”

Also included in the agreement, MRI and Rotem will collaborate with TASC Capital, a leading Israeli venture capital firm, to invest in promising renewable energy technologies.

MRI and Rotem are responsible for organizing and managing the Center, with Rotem providing the facilities and MRI providing expertise in the technical screening and evaluation of potential projects. It is anticipated the Center will be ready for operation in January 2009.

About Midwest Research Institute

MRI, a not-for-profit scientific research organization with 1,800 employees nationwide, performs contract research and laboratory consulting services for clients in government, industry, and academia. Established in 1944, MRI is one of the nation’s leading independent research institutes conducting research in the areas of national security and defense, energy and environment, life sciences, food and agriculture, and transportation safety. With headquarters in Kansas City, MRI also has facilities in Palm Bay, Fla., Frederick, Md., and Rockville, Md. MRI is one of the two entities in the Alliance for Sustainable Energy, LLC, that manages and operates the National Renewable Energy Laboratory (NREL) in Golden, Colo., for the U.S. Department of Energy. For more information, visit http://www.mriresearch.org

About Rotem Industries Ltd

Rotem is a diversified technology-oriented company with headquarters in the south of Israel. Rotem specializes in evaluating seed technologies, bringing them to market readiness and commercializing the resulting products. The company specializes in the commercialization of advanced and innovative technologies and science. Founded in early 1980’s, the company has been mandated to implement and commercialize state-of-the-art marketable innovations, reaping the technical harvest of scientific research for the benefit of research, industrial and commercial communities worldwide. For more information, visit http://www.rotemi.co.il

[Via http://www.prnewswire.com]

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