{"id":750585,"date":"2023-04-24T17:11:31","date_gmt":"2023-04-24T21:11:31","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/xerox-announces-donation-of-palo-alto-research-center-parc-to-sri-international\/"},"modified":"2023-04-24T17:11:31","modified_gmt":"2023-04-24T21:11:31","slug":"xerox-announces-donation-of-palo-alto-research-center-parc-to-sri-international","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/xerox-announces-donation-of-palo-alto-research-center-parc-to-sri-international\/","title":{"rendered":"Xerox Announces Donation of Palo Alto Research Center (PARC) to SRI International"},"content":{"rendered":"

<\/p>\n

Xerox Announces Donation of Palo Alto Research Center (PARC) to SRI International<\/b><\/p>\n

PARC researchers to continue developing pioneering technologies while Xerox focuses on core print, digital and IT services to support clients\u2019 hybrid workplace needs.<\/i><\/p>\n

NORWALK, Conn., & PALO ALTO, Calif.–(BUSINESS WIRE<\/a>)–Xerox Holdings Corporation<\/a> (NASDAQ: XRX) announced today the donation of the Palo Alto Research Center (PARC) to SRI International<\/a>, a nonprofit research institute behind some of the world\u2019s most impactful deep tech advancements. The move enables Xerox to focus entirely on delivering new innovations around its own print, digital and IT service offerings, while allowing the PARC team to join a leading research institution to usher in its next evolution of growth.<\/p>\n

\nXerox PARC was founded in 1970 and established as an independent company in 2002. The organization has pioneered numerous technological advancements, including Ethernet, laser printing, the graphical user interface and ubiquitous computing. Xerox’s donation of PARC to SRI will open new doors of opportunity for both organizations. With its rich history rooted in scientific excellence, SRI is the optimal partner to usher in the next evolution of growth for PARC.<\/p>\n

\n\u201cOur clients are at the heart of everything we do,\u201d said Steve Bandrowczak, chief executive officer at Xerox. \u201cThis decision allows both Xerox and PARC to focus on delivering innovations and solutions that align with their own strengths and capabilities. With this arrangement, PARC\u2019s deep tech innovations will be sustained by SRI while allowing Xerox to simplify and optimize its operations and focus solutions on the continued evolution of hybrid work.\u201d<\/p>\n

\n\u201cSRI International and PARC can be credited with developing many of the world’s most defining innovations through the last decades,\u201d said David Parekh, CEO of SRI International. \u201cWe are thrilled to welcome PARC\u2019s world-class talent to our team and launch a new chapter together delivering breakthrough technology to the world, and to continue collaborating with Xerox in the future.\u201d<\/p>\n

\n\u201cFor more than half a century, PARC and its employees have been at the forefront of some of the world\u2019s most important technological developments,\u201d added Bandrowczak. \u201cXerox will forever be proud of PARC’s role in our history and its continued innovation that solves the world\u2019s most pressing challenges.\u201d<\/p>\n

\nAs part of the donation, Xerox will enter into a preferred research agreement, called the Technology Exploration and Innovation Program, in which SRI will provide contracted research and development services to Xerox and its clients. Through the collaborative program, Xerox and SRI will identify topic areas relevant to Xerox\u2019s core print, digital and IT Services business, with the final goal of creating proofs-of-concept and roadmaps to implementation. Xerox will also retain a branded Innovation Hub at PARC to host meetings, demonstrations and annual conferences for its clients.<\/p>\n

\nThe donation of PARC does not change Xerox\u2019s guidance for the year.<\/p>\n

About Xerox Holdings Corporation (NASDAQ: XRX)<\/b><\/p>\n

\nFor more than 100 years, Xerox has continually redefined the workplace experience. Harnessing our leadership position in office and production print technology, we\u2019ve expanded into software and services to sustainably power the hybrid workplace of today and tomorrow. Today, Xerox is continuing its legacy of innovation to deliver client-centric and digitally-driven technology solutions and meet the needs of today\u2019s global, distributed workforce. From the office to industrial environments, our differentiated business and technology offerings and financial services are essential workplace technology solutions that drive success for our clients. At Xerox, we make work, work. Learn more at www.xerox.com<\/a> and explore our commitment to diversity and inclusion.<\/p>\n

About PARC<\/b><\/p>\n

\nPalo Alto Research Center Incorporated is in the Business of Breakthroughs\u00ae. Practicing open innovation, it provides custom R&D services, technology, expertise, best practices and intellectual property to Fortune 500 and Global 1000 companies, startups, and government agencies and partners. Since its inception, PARC has pioneered many technology platforms \u2013 from the Ethernet and laser printing to the GUI and ubiquitous computing \u2013 and has enabled the creation of many industries.<\/p>\n

Note:<\/b> To receive RSS news feeds, visit https:\/\/www.news.xerox.com<\/a>. For open commentary, industry perspectives and views, visit http:\/\/www.linkedin.com\/company\/xerox<\/a>, http:\/\/twitter.com\/xerox<\/a>, http:\/\/www.facebook.com\/XeroxCorp<\/a>, https:\/\/www.instagram.com\/xerox\/<\/a>, http:\/\/www.youtube.com\/XeroxCorp<\/a>.<\/p>\n

\nXerox\u00ae <\/sup>is a trademark of Xerox in the United States and\/or other countries.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230424005888\/en\/<\/a><\/span><\/p>\n

Media:
\n<\/b>
Justin Capella, Xerox, +1-203-258-6535, Justin.Capella@xerox.com<\/a><\/p>\n

KEYWORDS:<\/b> California Connecticut United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Philanthropy Technology Other Technology Other Philanthropy Foundation Research Science<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
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Xerox Announces Donation of Palo Alto Research Center (PARC) to SRI International PARC researchers to continue developing pioneering technologies while Xerox focuses on core print, digital and IT services to support clients\u2019 hybrid workplace needs. NORWALK, Conn., & PALO ALTO, Calif.–(BUSINESS WIRE)–Xerox Holdings Corporation (NASDAQ: XRX) announced today the donation of the Palo Alto Research Center (PARC) to SRI International, a nonprofit research institute behind some of the world\u2019s most impactful deep tech advancements. The move enables Xerox to focus entirely on delivering new innovations around its own print, digital and IT service offerings, while allowing the PARC team to join a leading research institution to usher in its next evolution of growth. Xerox PARC was founded in 1970 and … <\/p>\n

Continue reading “Xerox Announces Donation of Palo Alto Research Center (PARC) to SRI International”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-750585","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nXerox Announces Donation of Palo Alto Research Center (PARC) to SRI International - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/xerox-announces-donation-of-palo-alto-research-center-parc-to-sri-international\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Xerox Announces Donation of Palo Alto Research Center (PARC) to SRI International - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Xerox Announces Donation of Palo Alto Research Center (PARC) to SRI International PARC researchers to continue developing pioneering technologies while Xerox focuses on core print, digital and IT services to support clients\u2019 hybrid workplace needs. NORWALK, Conn., & PALO ALTO, Calif.–(BUSINESS WIRE)–Xerox Holdings Corporation (NASDAQ: XRX) announced today the donation of the Palo Alto Research Center (PARC) to SRI International, a nonprofit research institute behind some of the world\u2019s most impactful deep tech advancements. The move enables Xerox to focus entirely on delivering new innovations around its own print, digital and IT service offerings, while allowing the PARC team to join a leading research institution to usher in its next evolution of growth. 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