PACCAR Foundation gift of $1.5 million will benefit University of North Texas engineering college

Friday, December 22, 2006

PACCAR Inc. - acting through its foundation - has announced a $1.5 million donation to the University of North Texas to benefit research and teaching in the UNT College of Engineering.

The gift from the multinational transportation and technology company, which has headquarters in Belleville, Wash., and is the parent company of Denton-based Peterbilt Motors Company, will be administered by the UNT Foundation. It will create permanent endowments to establish the PACCAR Technology Institute at the UNT Research Park and the PACCAR Professorship in the UNT College of Engineering.

"This PACCAR Foundation gift is an investment in the communities of North Texas with far-reaching international potential through the many lives it will enrich and the educational research it will enhance," says Dan Sobic, PACCAR vice president and Peterbilt general manager. "PACCAR has again demonstrated its commitment to being a global technology leader by helping cultivate the engineering and technology leaders of tomorrow."

Approximately $1 million of the gift will endow multidisciplinary research at the new institute. UNT will supplement the endowment by furnishing state-of-the-art laboratories and classrooms. The remainder of the donation, approximately $500,000, will endow the PACCAR Professorship for a full-time, tenured engineering professor.

"This is a great opportunity for UNT to collaborate with a company that has a significant impact on the development of transportation solutions and technologies," says UNT President Gretchen Bataille.

PACCAR is an international leader in the design, manufacture and customer support of high-quality medium- and heavy-duty trucks under the Peterbilt, Kenworth and DAF nameplates, as well as industrial winches.

Through its Peterbilt operations in Denton, PACCAR has maintained a mutually beneficial relationship with engineering programs at UNT for a number of years.

"We are pleased that through this generous gift we can take our partnership with PACCAR to an even greater level," says Dr. Oscar Garcia, founding dean of the College of Engineering. "UNT's new College of Engineering already is renowned for its theoretical and practical multi-disciplinary achievements. Our work complements the many technological innovations of Peterbilt and PACCAR."

The College of Engineering will display PACCAR Technology Institute signage on the exterior and interior of its home in UNT's 550,000 square-foot Research Park facility. The facility is located in Denton on Highway 77/North Elm Street, 4.5 miles north of UNT's main campus.

Peterbilt representatives currently hold positions on both the College of Engineering's and its departments' advisory boards. A PACCAR representative will be a member of the institute's advisory board to help develop and enhance the program.

UNT News Service Phone Number: (940) 565-2108

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