Professor earns Innovation Award

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first_imgNotre Dame engineering professor Gary Bernstein was recently awarded the first-ever Master of Innovation Award from the Indiana Economic Development Corporation and Forbes, Inc. for his development of quilt packaging technology.Bernstein, who works as the Frank Freimenn professor of electrical engineering and associate director of the Center for Nanoscience and Technology at Notre Dame, said he and his colleagues began developing quilt packaging technology in 2001 by working with integrated circuits, small computer chips that facilitate the function of cell phones, refrigerators and countless other devices that use electronics.“It would be as if you wanted one cell phone to talk to another cell phone so you had a link between them, but you knew that link was slow,” Bernstein said. “So that information would go between those two things slower than you’d like them to.”Bernstein said he noticed the paths through which integrated circuits send electrical signals was less than ideal and responded by developing quilt packaging, which he said eliminates the space between integrated circuits and thus rapidly hastens the pace at which circuits can communicate with each other.“Myself, together with my colleagues, came up with this new idea that I call ‘quilt packaging,’ because it’s like a quilt,” Bernstein said. “We want to take the chips in the packages, get rid of the packages, push them next to each other and put little tiny pieces of metal that stitch them together at their edges. Then you can form an array or quilt of multiple chips that communicate with each other much better because they don’t have to go out of the package and into another package.“That’s not done. It’s just not done. It’s a new concept. There are elements of it that are done but not in the way that I’ve described it.”According to the Notre Dame press release, Bernstein received the award at the “Forbes Reinventing America: The Innovation Summit” in Indianapolis on Nov. 13. Indiana Secretary of Commerce Victor Smith presented him with the award before Bernstein went on to make his speech.Quilt packaging technology is currently in the process of being commercialized by Innovation Park at Notre Dame, with the University owning the rights, according to the press release. Four patents have already been issued, with a fifth in the works, while the technology is being licensed and incorporated.“It [was] incorporated in 2009, so it’s actually five years old,” Bernstein said. “We’re doing quite well, getting a lot of traction and have working relationships with several major companies. We just sold our first commercial license for a product that will come out in the next couple years.“It takes a while to develop new integrated circuits, so the fact that a product is licensed and should be coming out in a couple years is really exciting.”Tags: engineering, Forbes, Gary Bernstein, Indiana Economic Development Corporation, Master of Innovation Award, quilt packaginglast_img read more


Tag: 上海QM

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York A 21-year-old woman was critically injured in a serious car crash in Merrick on Monday night.Nassau County police said the woman was riding in the backseat of a 2004 Honda that was turning off of Sunrise Highway just before 6:30 p.m. and was struck by a 2006 Hyundia driving west.The woman was ejected from the car through the rear passenger door window, police said. She was transported by ambulance to a local hospital with multiple injuries and is listed in critical condition, police said.The two drivers and another passenger in the Honda were transported to a local hospital with minor injuries, police said.Police said there is no criminality suspected at this time, but the investigation is ongoing.last_img read more


Tag: 上海QM

first_img“But, for us, it is not a choice between the two extremes. The discount rate should reflect the nature of the pension deal depending on guarantees, sponsor support, etc. The IORP is just executing this underlying deal.”He noted that, for a fully guaranteed pension deal, the risk-free rate could be applied, and for a pure (collective) DC arrangement, the rate could be based on expected returns.“However, most pension deals in Europe are somewhere in between these two models,” he said.If EIOPA forces all IORPs to use the risk-free rate, “it is ignoring the specifics and conditions of a pensions deal and valuing them as though they were fully guaranteed”, Valkenburg said.He said this happened in some countries with the first quantitative impact study (QIS), where a risk-free rate was applied.“The results exaggerated the funding deficits in some IORPs, but the truth is somewhere between national valuations and EIOPA’s approach,” Valkenburg said.He stressed the importance of getting a “true picture” of a pension arrangement’s liabilities and for plan members, as well as other stakeholders, to understand the implications of conditions attached to the deal.“Both DB and DC risks are currently often not fully understood and not communicated to members sufficiently,” he said.As an example, Valkenburg cites the UK, where pensions are guaranteed, but, in the event of insolvency of the sponsor, they are transferred to the Pension Protection Fund and cut by 10%.“Do members really know about this risk?” he asked.“We are not saying that any kind of deal is good or bad – we just need to get clarity for everyone involved so they have the basis to take action if necessary.”This “taking action” could even be in the form of lawsuits for breach of promise, like some are currently doing in the Netherlands with insurance companies over payments, Valkenburg said.But he stressed that “this is where pensions are different from insurance deals, as the first are an agreement between social partners” and can also be settled within that framework.“This is not only about this generation but also about the next ones, and we are talking about billions of euros worth in promises, most of which still have to be earned,” he said. “And if a slight increase in the retirement age can cause social unrest in France, then this could be worse.“We call for a process starting with clarity, leading to comprehension and from there to conciliation rather than going to court.”To achieve clarity on valuations, the AAE is proposing parameters be set on a national or European basis for ALM studies on liabilities by an independent committee “to prevent biased or too optimistic parameters being applied”.Valkenburg said: “An ALM allows you to make projections into the future development of members and assets of a fund. The HBS approach only shows you the situation at a certain point in time missing the wider point of how a fund can develop in the future.”In an earlier statement on EIOPA’s new IORP stress tests and quantitative assessment, the actuary said that, while HBS was “interesting”, it was “not ready to be used”.“When we take a longer view on pension deals – for example, with an ALM based on reasonable parameters – we will see that most pension deals are not sufficiently financed,” Valkenburg said. However, he pointed out that stakeholders are “not too keen on full disclosure”, adding that “the pain will not go away by just waiting”.And while he thinks the problems are “relatively easy to fix for new accruals”, once clarity has been established, “we still have to deal with promises already made”.On a more technical note, Valkenburg argued that clarity on liabilities also meant no distorting parameters such as the application of a counter-cyclical or matching premium, used under Solvency II, to pension fund valuations.“Let’s not hide reality by using these premiums but rather have the ‘right’ value, an objective value – and if there is a large underfunding, the social partners could then decide to use something like a counter-cyclical premium to define parameters for when to start taking action,” he said. Informing pension fund members about the true value of liabilities is the key to avoiding social unrest in future, according to the Actuarial Association of Europe (AAE).As part of the ongoing debate over which parameters to apply to calculate European IORPs’ solvency levels, the actuaries have compiled a discussion paper calling on regulator EIOPA to push for ‘Clarity before Solvency’.One major demand is for EIOPA to rule out the application of a single discount rate for all IORPs.Falco Valkenburg, chair of the AAE’s pensions committee, told IPE: “The discount rate is very important in EIOPA’s discussions on the holistic balance sheet (HBS), and two types of discount rates are debated – a risk-free rate or a rate based on the expected return on assets.last_img read more


Tag: 上海QM

first_imgNEW YORK — The big men were a big disappointment in Washington. Nene and Marcin Gortat quickly made up for that.Nene scored 20 points, three other Washington big men were in double figures, and the Wizards beat the Brooklyn Nets 99-90 on Saturday night to split their home-and-home series.Overpowered by Brook Lopez on Jan. 16 in their building, the Wizards bounced back behind 10 points and 16 rebounds from Gortat, and strong bench efforts from Kris Humphries (13 points) and Kevin Seraphin (12).“We knew that it’s going to be a tough game for us but end of the day, me and Nene, we believe we are one of the most dominant big men in the league and unfortunately we didn’t play that way yesterday,” Gortat said. “Today was a little bit different. We dominated the game and we helped our team to win this game.”Bradley Beal finished with 17 points, nine rebounds and eight assists for the Wizards, who shot 52 percent from the field to overcome their 14-of-27 effort from the free throw line.Jarrett Jack had 22 points and eight assists for the Nets. They had snapped a seven-game losing streak with their 102-80 victory Jan. 16, when Nene and Gortat combined for just 15 points.Lopez scored 26 points off the bench in that game and had 13 by halftime of this one. But the Wizards held him to two points after the break and turned around the game with an 18-2 run in the third quarter.“Tonight obviously they came in here a little bit more desperate knowing that we went into Washington last night and got a win. We knew we were going to get their best shot today but I thought we played great,” Nets forward Joe Johnson said. “I just think down the stretch we couldn’t get stops and we couldn’t make the shots to get us over the hump.”The Nets led 51-50 after a close first half in which neither team led by more than five. A good start to the third quarter had them ahead 63-56 five minutes into the period. But Nene and Gortat began wearing them down, scoring 10 straight to go ahead 66-63 when Nene dunked forcefully between Kevin Garnett and Lopez.Jack stopped the run with a basket, but Washington answered with eight more in a row to build a 74-65 advantage on Rasual Butler’s basket.Brooklyn tied it at 81 early in the fourth before Seraphin had two baskets and Humphries another in an 8-2 burst that made it 89-83 midway through the period, and Nene had a three-point play about 3 minutes later after the Nets had cut it to three.The backcourt of John Wall and Beal gets most of the attention, but Gortat said people shouldn’t forget how good Washington’s forwards are.“I don’t really pay attention to what people think about our team and stuff like that,” Humphries said. “For me it’s just doing what we’ve got to do. We lost last game so this was a must-win for us.”(BRIAN MAHONEY, AP Basketball Writer) TweetPinShare0 Shareslast_img read more