Invest NI announce support of SAP UK and Intel joint research initiative

NEWS HIGHLIGHTS

Enterprise Minister Arlene Foster today announced £1.7 million of Invest Northern Ireland (Invest NI) assistance towards a unique joint research initiative by SAP UK and Intel Corporation.

– This comes following the establishment by the two companies in 2009 of a joint research laboratory at SAP’s premises in Titanic Quarter, Belfast, where the companies work on cutting-edge research in the field of sustainable ICT.

Enterprise Minister Arlene Foster today, January 27th, announced £1.7 million of Invest Northern Ireland (Invest NI) assistance towards a unique joint research initiative by SAP UK and Intel Corporation.

SAP and Intel are two of the world’s leading Information Communications Technology (ICT) companies. In October 2009, they established a research laboratory at SAP’s premises in Titanic Quarter, Belfast, where the companies employ a research team working on cutting-edge research in the field of sustainable ICT.

Announcing the support the Minister said: “This is a highly innovative and internationally significant initiative that promises to deliver exciting research results in the areas of ICT related energy efficiency and new computing technologies.”

“Although SAP and Intel have engaged in research together before, this is the first time that they have established a shared physical location with pooled resources. It is significant that these major ICT multinationals chose Northern Ireland as the location for this initiative. It reflects their confidence in the IT skills available here and in particular, the high value they place on the opportunity to work closely with our universities. ICT is a priority sector for Invest NI as it is a key driver for economic growth. This project will enhance Northern Ireland’s ability to attract further research and development investment in ICT.”

SAP’s Northern Ireland research location was established in January 2005 with support from Invest NI. It was the organisation’s first such research location in the UK and Ireland region. This investment will expand SAP’s research presence in Northern Ireland and create Intel Ireland’s first research footprint here. Invest NI support includes part funding from the European Regional Development Fund.

Martin Curley, Director Intel Labs Europe said: “Intel has a long standing research partnership with SAP and our collaborations have resulted in some exciting advancements in ICT, in particular enhancing the ability to manage complex, large scale IT environments. With SAP’s positive experience in Northern Ireland in terms of access to highly skilled people and a strong academic base, this collaboration was a very attractive option.”

Hervé Couturier, executive vice president business information technology & global research at SAP said: “SAP has worked closely with Invest NI since establishing a base here in 2005. Since then the local knowledge base has continued to impress us and complement our ongoing work to secure advances in cloud computing. This will be further enhanced by our research partnership with Intel in Belfast.”

DETI Jpeg SAP and Intel 27 01 2011 jpeg 2.JPGDETI jpeg SAP and Intel 27 01 2011 jpeg 1.JPG

Further Information

Further images from the event can be found here: http://www.flickr.com/photos/55550679@N03/sets/72157625792694881/

About SAP

SAP provides business software that helps accelerate business innovation to companies of all sizes in more than 120 countries (www.sap.com). SAP Research is the global technology research unit of SAP committed to shaping the IT solutions of tomorrow through industrial research.

About Intel

Intel is a world leader in computing innovation. The company designs and builds the essential technologies that serve as the foundation for the world’s computing devices. Additional information about Intel is available at: http://www.intel.com

About Intel Labs Europe

Intel Labs Europe (ILE) is a network of Research & Development, Product, and Innovation Labs spanning the European region as well as variety of Intel business units. ILE was formally established in early 2009 as a central means of coordinating activities across Intel’s diverse network of labs and to further strengthen Intel’s commitment to and alignment with European R&D. In addition to driving key technology innovations for Intel, ILE works closely with academic, industry, and government institutions to advance innovations and strengthen Europe’s technology leadership in the global community.

Invest NI

Invest NI offered assistance of £1,125,171 to SAP and £593,699 to Intel for the joint research project.

SAP Forward-looking Statement

Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “predict,” “should” and “will” and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP’s future financial results are discussed more fully in SAP’s filings with the U.S. Securities and Exchange Commission (“SEC”), including SAP’s most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.

About Intel

Intel (NASDAQ: INTC), a leader in the semiconductor industry, is shaping the data-centric future with computing and communications technology that is the foundation of the world’s innovations. The company’s engineering expertise is helping address the world’s greatest challenges as well as helping secure, power and connect billions of devices and the infrastructure of the smart, connected world – from the cloud to the network to the edge and everything in between. Find more information about Intel at newsroom.intel.com and intel.com.

Intel and the Intel logo are trademarks of Intel Corporation in the United States and other countries.

*Other names and brands may be claimed as the property of others.