Prysmian signs important agreement with the FBK organization for research in the fields optical fibres and new materials
Date: Tue, 05/12/2009 - 14:18
Prysmian Group and FBK - Fondazione Bruno Kessler signed an innovative collaboration agreement for the development of R&D activities in three strategic areas: nanotechnologies, optical fibres and new materials for the production of power and TLC cables
The agreement, between the worldwide leader in the energy and telecommunication cables industry, and the research organization based in Trento (Italy), will involve more than 350 researchers at one of the most active research organizations in Italy and worldwide. This agreement distinguishes itself from previous ones by its innovative relationship between a private company and a public research institute. It is a long-term partnership that will enable the development and growth over time of know-how and work methodologies, reducing both start up periods and project costs. The agreement is innovative due to the sharing of the entrepreneurial risk. FBK will finance the researchers, whilst Prysmian will donate a percentage of the sales of the products developed by the research activity to the institute. The payment of these fees will give an economic advantage to the Foundation, as well as covering research costs. Currently, this agreement has a term of one year, but an extension of the project has already been proposed. This is one of the first relationships of its kind between a public institute and a private organization.
"According to an entrepreneurial logic, the agreement allows us to share start-up costs and risks, as well as the know-how available", explains Fabio Romeo, Head of Prysmian Energy Cables business. "Prysmian has already been making significant investments in innovation, with over €45 million invested in 2008 and 400 people employed in its seven Research & Development Centres based in USA, South America and Europe. Thanks to this agreement, Prysmian will be able to assert itself as a leading company, increasing its competitive advantage in the strategic sector of energy and telecommunications cables. In this way we want to offer our clients - utilities, net managers and other TLC operators - the most innovative technologies, products and solutions to improve and make more efficient the power transmission and distribution networks, as well as from renewable energy, and to speed up the development of TLC broadband networks", concluded Mr. Romeo.
Prysmian and FBK will develop the project outline together, as well as organising a mixed team of researchers. If necessary, FBK will invest both for the realization of ad hoc laboratories and for the employment of researchers with specific competencies at an international level, thanks to the partnerships that the Institute has with important players such as MIT - Massachusetts Institute of Technology.