- Associated Press - Monday, August 25, 2014

WEST LAFAYETTE, Ind. (AP) - The Crane Naval Surface Warfare Center, Purdue Research Foundation and Purdue’s Discovery Park have signed a partnership agreement aimed at showcasing their intellectual property and moving their innovations to the public.

Crane and Purdue will remain independent in ownership of their intellectual property, but Crane’s intellectual property will be marketed alongside Purdue University’s innovations through the Purdue Office of Technology Commercialization.

Purdue Research Foundation President Dan Hasler says because much of Crane’s and Purdue’s research is focused on similar disciplines and industries, the partnership could lead to bundling Crane’s and Purdue’s licensing deals.

Brooke Pyne from Crane’s Technology Transfer Office says partnering with academia provides Crane a credible avenue to move even more innovative technology through the commercialization pipeline. The Crane base is about 25 miles southwest of Bloomington.

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