CEO of Chicago-based Littelfuse, a NASDAQ listed manufacturer of circuit protection products, visiting to make remarks about new Champaign facility along with UI Leaders
University of Illinois Research Park:
New Littelfuse Building in the Research Park at 2110 S. Oak Street, Champaign, IL (Photo: Business Wire)
WHAT: On January 25, 2011, Littelfuse Inc. (NASDAQ:LFUS) is hosting a grand opening event for their new engineering facility in the Research Park at the University of Illinois. This event will include leadership from Littelfuse dedicating the new building, including their CEO, Mr. Gordon Hunter. The University of Illinois will also welcome Littelfuse to the Research Park with remarks by Interim Chancellor Robert Easter and UI Vice President of Technology and Economic Development Avijit Ghosh. Littelfuse opened a new facility on the University of Illinois campus for the POWR-GARD division. The facility will house more than 20 full-time employees and student interns. Tours of the facility will be given including demonstrations in the new high power testing facility enclosed with bullet proof glass, which sends high voltage electricity through fuses to test their durability.
WHO: The event will include Littelfuse executive leadership including CEO Gordon Hunter, CFO Philip Franklin, and leadership of the Electronics Business Unit. The University of Illinois community and the press are invited to attend. Formal remarks from the University of Illinois will be made by Interim Chancellor Robert Easter and UI Vice President of Technology and Economic Development Avijit Ghosh.
WHEN: The event will take place on Tuesday, January 25, 2011 from 3:00-6:00 pm, with the formal ribbon cutting and ceremony commencing at 3:30 pm, followed by a reception, building tour, and technology demonstrations from 4:30-6:00 pm.
WHERE: The event will take place at the Littelfuse Building located at 2110 S. Oak Street in the Research Park on the University of Illinois campus. The Research Park is immediately south of Assembly Hall, the Littelfuse building is between Hazelwood and Gerty on Oak Street. The building was constructed by Fox/Atkins Development LLC, the developer of the Research Park.
WHY: The Research Park at the University of Illinois provides an environment where technology-based businesses can work with the research faculty and students. Littelfuse is the newest publically traded firm to open an R&D facility within the Research Park. The new location adds jobs to the Champaign-Urbana community, internships for students to get real world experience during the academic year, and increased engagement with the University.
About Littelfuse: Littelfuse is a NASDAQ traded company with 5,500 employees and headquarters in Chicago. The company is the industry leader in circuit protection products with annual sales of $593 million. Littelfuse designs, manufactures, and sells circuit protection devices for use worldwide. Littelfuse products are vital components in virtually every product that uses electrical energy, including portable and consumer electronics, automobiles, industrial equipment and telecom/datacom circuits. The company was founded in 1927. The Littelfuse operation in the Research Park houses a high-power lab and engineering staff for the POWR-GARD™ Division. Littelfuse POWR-GARD provides products and services for power systems electrical safety, reliability and efficiency.
About the University of Illinois: The University of Illinois at Urbana-Champaign is a world leader in research and discovery, with 41,918 students, 3,078 faculty members and $501,279,000 Spending on research and development in science and engineering annually. The University has a long history of innovations and technology invented by students and faculty that have changed the world including: sound on film; the theory of superconductivity; the first digital computer built and owned entirely by an educational institution; Mosaic, the first graphical browser for the World Wide Web; Plato, the first computer based education system; nuclear magnetic resonance (NMR) which led to the development of magnetic resonance imaging (MRI); You Tube developed by former Computer Science students Steve Chen and Jawed Karim; and PayPal founded by Max Levchin.
Aboutthe University of Illinois Research Park: The University of Illinois Research Park provides an environment where technology-based businesses can work with faculty and students on collaborative research and development. Located on campus, the Research Park is home to more than 80+ companies, employing over 1,300 people in high-technology careers. More than 300 student interns are working in these companies, gaining valuable work experience while making real contributions to internal corporate R&D and product development programs. Publicly traded firms in the Research Park include: ADM, Abbott Laboratories, Caterpillar, Deere & Company, Pearson, Raytheon, Littelfuse, Riverbed, SAIC, Sony, State Farm, and Yahoo. The Research Park is a public-private partnership with the University of Illinois and developer Fox/Atkins Development, LLC. www.researchpark.illinois.edu
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6581988&lang=en
Contacts:
Media Contacts:
Laura Frerichs
Associate Director of
Research Park and Incubation Facilities
University of Illinois
Research Park
217-333-8324
lfrerich@illinois.edu
or
Dan
Stanek
Littelfuse, Inc.
Director of Business Development
773-628-0701
dstanek@littelfuse.com