Deere & Company to Fund Technology Innovation Center at University of Illinois



    MOLINE, Ill., June 17 /CNW/ -- Deere & Company said today that it is
investing $1 million to create a John Deere Technology Innovation Center with
the University of Illinois to leverage the skills and knowledge of faculty and
students in the areas of agriculture, business, engineering, and information
technology.
    The new facility, which is expected to be ready by July, is located in
the University Research Park in Champaign, Illinois and will create an
accelerated innovation environment to assist Deere in utilizing advanced
electronics, mechatronics, advanced sensors and control systems technology.
    "This important effort will extend our industry leading investment in
research and development on behalf of our customers," said Robert W. Lane,
chairman and chief executive officer of Deere & Company.  "Our efforts to
apply innovation in our products and services result in increased productivity
for those who use John Deere equipment."
    "This investment dovetails perfectly at the University of Illinois with
our 140-year history of addressing the most critical needs of society.
Furthermore, it will enhance the knowledge and skills of faculty and students
as we continue to prepare our graduates to compete and succeed in the global
marketplace," said Chancellor Richard Herman of the University of Illinois.
    Deere said the new technology innovation center in Champaign will expand
its capabilities to respond to the rapidly changing environment for John
Deere's customers and businesses through leveraging the capabilities of the
University.
    The center in Champaign will remain a satellite organization to John
Deere's Moline Technology Innovation Center, which is located on the campus of
the company's World Headquarters in Moline, Illinois.  The new Champaign
location will intensify Deere's efforts to track key technology developments
impacting the company.




For further information:

For further information: Ken Golden, Director, Strategic Public
Relations  of Deere & Company, +1-309-765-5678 Web Site: http://www.deere.com


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