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June 22, 2000

UMBC RESEARCH AND TECH PARK ANNOUNCES FIRST BUILDING PLANS

Baltimore, MD - The University of Maryland, Baltimore County (UMBC) today announced initial building and site plans for its on-campus research and technology park, and introduced a new name for the development: bwtech@UMBC.

The first stage of the five-building project includes the 42,000 square-foot Applied Technology Laboratory (ATL) of RWD Technologies' new Latitude 360 division, and a 71,000 square-foot multi-tenant building.

The new name emphasizes the 350,000 square-foot, 41-acre park's location in the heart of the Baltimore-Washington Corridor, close proximity to BWI Airport and I-95, and UMBC's strength in research and technology. UMBC is teaming with real estate developer Grosvenor International of Washington, DC and Baltimore real estate firm Colliers Pinkard to introduce the park to the real estate community this month.

"While our name has changed to better communicate our strengths, nothing else about the project has changed," said Ellen Wiggins, director of the UMBC Research Park Corporation. " The new bwtech@UMBC remains focused on attracting firms such high-tech fields as engineering, information technology and the life sciences."

"bwtech@UMBC tenants will be selected based on their ability to foster research and development and other collaborations among UMBC faculty, students and industry while creating jobs for the Baltimore region," Wiggins said. As an example of this synergy, David Yager, former UMBC visual arts professor and Imaging Research Center director, will lead the Latitude 360 ATL.

"We see the RWD building as a stamp of approval for the park," said Andrew Smith, Vice President/Principal at Colliers Pinkard. The ATL will remain at the UMBC Technology Center until construction of the new building is complete.

The UMBC team unveiled a new logo for the park along with the slogan "bwtech@UMBC: the intelligent place to do business." A groundbreaking for the park is scheduled for October 24.

Posted by dwinds1 at June 22, 2000 12:00 AM