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University of Iowa News Release

Sept. 6, 2005

York Named Executive Director Of UI Research Foundation

Pamela Kay York has been named executive director of the University of Iowa Research Foundation (UIRF) and will oversee the university's intellectual property licensing activities as well as advancing new business formation resulting from technology and inventions created at the UI.

York will begin as UIRF director on Wednesday, Sept. 14. She comes to the UI with extensive background in technology development, startup company formation and venture capital financing. Previously York was a consultant and an investor in Burlington, Iowa, working with individual startup companies and helping to lay the groundwork for an Iowa venture capital market.

"We are very excited to have someone of Pam's reputation and caliber joining our team", says Meredith Hay, UI vice president for research. "Pam will be a key leader of the University of Iowa's economic development team -- working to bring together university and private sector entrepreneurs."

Before coming to Iowa, she was instrumental in the development of two venture-capital financed companies, Orchid Biosciences and Princeton Lightwave. Her experience at Orchid Biosciences (NASDAQ: ORCH), a genomics company, included managing a large team responsible for technology invention, development and manufacturing, and the extensive intellectual property portfolio. At Princeton Lightwave, she was part of the team that built the company from the ground up, defining the company's business strategy, raising financing from private investors and acting as spokesperson to international media sources.

York earned a bachelor's degree, master's degree and doctorate in electrical engineering from the University of Illinois and has authored more than 40 publications and presentations. She holds more than a dozen patents in detection systems, microfluidic chip fabrication and lasers, and as part of her Ph.D. dissertation, helped to pioneer a new class of semiconductor lasers enabling present-day long haul fiber optic networks.

Bill Decker, senior associate vice president for research at the UI, said York's connections to the scientific, business and investor communities will be vital in the university's efforts to further commercialize its intellectual property.

"We are establishing a more comprehensive and unified economic development program at the University of Iowa. These efforts will support not only technology transfer and intellectual property licensing but will also enhance new business development by faculty, staff and students," said Decker. The new economic development emphasis will focus on expanding existing business services to UI personnel, community support and workforce development, he said.

"I am thrilled to be a part of a dynamic new program that will place the University of Iowa in the forefront of technology transfer and make it recognizable as a potent force for economic growth in Iowa," said York.

York succeeds Bruce Wheaton, who served as UIRF director since May 1991. Her salary will be $125,000.

STORY SOURCE: University of Iowa News Services, 300 Plaza Centre One, Suite 371, Iowa City, Iowa 52242-2500.

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