Parker Hannifin Announces $2.5 Million Gift to the Agricultural & Biological Engineering Program at Purdue University
February 11 2020 - 09:00AM
GlobeNewswire Inc.
Parker Hannifin Corporation (NYSE:PH), the global leader in motion
and control technologies, today announced a gift valued at
$2.5 million to Purdue University to establish the Parker Wing
within the university’s new Agricultural & Biological
Engineering facility. The gift will also provide financial support
for the installation of upgraded equipment at a new
state-of-the-art Parker Motion and Control Lab.
“Parker is excited to support Purdue
University and the remarkable students of the Agricultural &
Biological Engineering program,” said Jennifer Parmentier,
President - Motion Systems Group for Parker. “For the hundreds of
students who use the lab each day, this investment will
create exciting research opportunities and provide exposure to
modern motion and control technologies, which will be invaluable as
they graduate and begin their careers.”
The gift comes in the form of a $1.5 million
donation from The Parker Hannifin Foundation and $1 million in new
equipment for the motion and control lab from Parker’s Motion
Systems and Fluid Connectors Groups. These are being contributed
across a five-year period aligned with the Agricultural &
Biological Engineering program’s ongoing expansion and facilities
renovation plans.
“This contribution to establish the new Parker
Motion and Control Lab aligns well with our purpose,” said Andy
Ross, President - Fluid Connectors Group for Parker. “Improved
access to innovative products and systems will better position
Purdue graduates to deliver engineering breakthroughs that help
make the world a better place.”
Launched in 1993, Parker’s Motion and Control Lab
Schools program aims to enhance engineering education and introduce
the company’s technologies to students. The labs represent a way
for Parker to take an active role in the education of young
professionals and signify the important partnership between Parker
and partner universities. To date Parker has committed to a lasting
partnership with 11 universities across the United States, each of
which provide excellent engineering programs in a variety of
disciplines to prepare future professionals for success.
“We highly value our long-term relationship with
Parker, and greatly appreciate their investment in our students and
in our mission to educate the next generation of engineers,” said
Nate Mosier, Head of the Department of Agricultural &
Biological Engineering at Purdue. “These new teaching laboratories
will enable us to provide hands-on experiences with
state-of-the-art technologies to better equip our students for
making significant impacts in industry.”
About Parker HannifinParker
Hannifin is a Fortune 250 global leader in motion and control
technologies. For more than a century the company has been enabling
engineering breakthroughs that lead to a better tomorrow. Learn
more at www.parker.com or @parkerhannifin.
###
Media –
Aidan Gormley, Director, Global Corporate Communications and Branding
216/896-3258
aidan.gormley@parker.com
Parker Hannifin (NYSE:PH)
Historical Stock Chart
From Dec 2020 to Jan 2021
Parker Hannifin (NYSE:PH)
Historical Stock Chart
From Jan 2020 to Jan 2021