THE RESEARCH AND DEVELOPMENT COUNCIL OF NEW JERSEY HONORS SENIOR MANAGEMENT AND SCIENTISTS OF STATE CORPORATIONS

Denville, N.J., November 23, 1998 — On November 12, 1998, the Research and Development (R&D) Council of New Jersey honored 15 recipients and 4 companies at its 1998 Science/Technology Medal Dinner at Liberty Science Center in Jersey City, N.J. The annual event presents the R&D Council's Science/Technology Medal to senior management and the Thomas Alva Edison Patent Awards to scientists and their respective companies.

For the first time in the history of the Council's Science/Technology Medal, two individuals were honored. Melvin R. Goodes, Chairman and CEO of Warner-Lambert Company in Morris Plains and Dan C. Stanzione, President of Bell Labs, Lucent Technologies in Murray Hill were this year's honorees. The award recognizes extraordinary management achievement in bringing innovation to the marketplace.

Also presented were the Thomas Alva Edison Patent Awards which are given to scientists and their companies for great innovations. The Patent Awards celebrate recent inventions that exhibit promising improvements to our quality of life. Honored this year was Exxon Research & Engineering Company of Florham Park in the Industrial/Defense category for its chemical dispersant for oil spills; Osteotech, Inc. of Eatontown won in the Medical/Health category for flowable demineralized bone powder composition and its use in bone repair; Princeton University of Princeton was honored in the Council's newest category — Emerging — for its multicolor organic light emitting devices; and Revlon Consumer Products Corporation, headquartered in New York City with R&D Facilities in Edison, N.J., won in the Consumer category for a glass decorating method using Bis-Phenol-A Epoxy resins.

The evening's event brought together senior-level management from nearly 30 companies and academic institutions within the state. The R&D Council's decision to hold the ceremony at Liberty Science Center in Jersey City is rooted in its initial involvement in Liberty State Park, in which the R&D Council and its member companies raised $500,000 for the planning and feasibility study done in 1978. The Council then formed a separate organization, the iberty Science Center Board of Trustees (partially comprised of Council members), to oversee the creation of what is now the Liberty Science Center — an extraordinary place to spark children's interest in the sciences and ensure the continued technological and economic growth within New Jersey.

The Research & Development Council is a nonprofit organization that works to cultivate an environment that supports the advancement of research and development activity throughout New Jersey.

The R&D Council has over 100 member companies.