Bobcat, NDSU ink $600,000 R&D pact
WEST FARGO -- Bobcat Co. is pledging to continue its support of research and development with North Dakota State University via NDSU's Technology Incubator, where Bobcat is an anchor tenant.
As part of a new research and development agreement with NDSU, Bobcat will match $2 for every $1 in grant funds North Dakota's Centers of Excellence program provides to NDSU.
The Centers of Excellence program is an initiative that pairs higher education research hubs across the state with private companies to boost economic growth.
Bobcat is contributing more than $400,000 toward the program, which will result in more than $200,000 in additional grant funds for NDSU.
As a result of the ongoing collaboration, Bobcat engineers will continue working with NDSU engineering students and researchers at NDSU's Center for Nanoscale Science and Engineering.
The work includes product development, component testing and material characterization, and developing ways to improve manufacturing practices at Bobcat facilities worldwide.
"We're pleased to expand our partnership with North Dakota State University," said Rich Goldsbury, Bobcat's president. He added that the collaboration will help Bobcat develop cutting-edge technologies for its products.
Philip Boudjouk, NDSU's vice president for research, said the extended research and development arrangement builds upon the many projects that Bobcat and various units and departments within NDSU have completed over the years.
"We appreciate the opportunity to collaborate through this unique and productive state of North Dakota program and Bobcat Company's generous support of it," Boudjouk added.