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PR: West Virginia Funds First Open Public Grid Computing Effort

FOR IMMEDIATE RELEASE

West Virginia Funds First Open Public Grid Computing Effort

West Virginia High Technology Consortium Foundation to
Direct Leading Edge Effort

FAIRMONT, W.Va., Oct. 14, 2004 -- Taking a significant lead
in technology innovation, the State of West Virginia has
authorized funding through its Economic Development
Authority to develop the first state sponsored open public
Internet grid computing effort.

Designated as the Global Grid Exchange(TM), this economic
development initiative will deliver a cost effective
computation infrastructure to drive innovation in the
commercial, government and academic sectors across the state
and around the world. The Global Grid Exchange will utilize
the power of the Internet to aggregate the idle or unused
computer processing resources throughout the state. With
access to such resources, the Global Grid Exchange will soon
be the largest open public computing grid in the world.

"The Global Grid Exchange is an excellent example of the
type of economic development program we need to move West
Virginia forward," said West Virginia Gov. Bob Wise. "The
response to this effort from around the state has been
incredible, resulting in an amazing commitment of donated
computing resources - from PCs to mainframes - that will
help power the Global Grid Exchange."

"This is an innovation that will make our state a leader in
a very promising technology area.  Under the direction of
Jim Estep, president and CEO of the West Virginia High
Technology Consortium (WVHTC) Foundation, the Global Grid
Exchange will be a powerful tool for advancing our work in
fields ranging from biometrics to cancer research," said
Congressman Alan B. Mollohan, D-W.Va.  "It's a
forward-thinking investment and we are grateful to Governor
Wise for his support in making part of the funding
possible."

"Our partnership with the state in building the Global Grid
Exchange helps to accelerate the Foundation's vision of a
vibrant statewide and regional high-tech business
environment based upon knowledge, ideas and technological
innovation," said James L. Estep, president and CEO of the
WVHTC Foundation. "Though our initial focus will be in
supporting economic development initiatives within the State
of West Virginia, soon organizations from around the world
will have easy access to this unique resource directly from
their desktops."

Implementation of the Global Grid Exchange has already
begun. Users will be able to access the power of this grid
effort beginning in fall 2004.

About The West Virginia High Technology Consortium
Foundation

Founded as a non-profit organization in 1990 by Congressman
Alan B. Mollohan, the WVHTC Foundation was established to
create the critical mass of regional technology companies
needed to move economic diversification efforts forward. Now
more than 200 members strong, WVHTC Foundation continues to
serve as a catalyst to further integrate and cultivate the
West Virginia technology community, and to diversify and
strengthen West Virginia's economy. For additional
information about the WVHTC Foundation, visit
http://www.wvhtf.org.

All product, service, and company names are trademarks or
registered trademarks of their respective owners.

Contact:

Amy Beaudry
WVHTC Foundation 
(304) 366-2577
ambeaudry@wvhtf.org 

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