Volvo Group announces academic partnership with Pennsylvania State University

Volvo Group announces academic partnership with Pennsylvania State University

Washington, DC - At the Renewable Energy Technology Conference & Exhibition
(RETECH 2010) the Volvo Group today announced its first academic partnership in
North America.  Penn State was chosen as part of Volvo's Academic Partner
Program, which was launched globally in 2009 for research cooperation with
selected universities.  

“We are very pleased to add Penn State to our Academic Partner Program, which
now covers Sweden, France, and the U.S.,” said Jan-Eric Sundgren, head of public
affairs and environmental issues for the Volvo Group. “This program shows our
commitment to form a long-term strategic partnership that will strengthen the
competitiveness of both the Volvo Group and our academic partners. Penn State
already had ongoing activities in several areas such as student co-operative
assignments, advanced engineering studies, biofuel research and vehicle system
testing, so this partnership was very natural."

Cooperation in Volvo's Academic Partner Program encompasses research in areas
such as production technology, engine development, and automotive safety.
Specifically, the partnership with Penn State will target the areas of diesel
combustion and efficiency, alternative fuels, intelligent transportation systems
and vehicle and driver safety systems. 

"This is a wonderful development for the faculty and students at Penn State,"
said Andre Boehman, professor of fuel science and material science and
engineering, Penn State. "This first of its kind agreement between the Volvo
Group and a U.S. university will provide extensive opportunities for
collaboration in research and development and valuable educational experiences
for our students."

The Volvo Group aims to establish long-term partnerships with the best
universities worldwide in the field of automotive research.  


Read more about the Volvo Group Academic Program and our partners:
http://www.volvogroup.com/group/global/en-gb/productsandservices/researchandtech
nology/programs_partners/Pages/Key_collaborations.aspx 

February 5, 2010

For more information, please contact:

Marjorie A. Meyers, Director, Corporate Communications, Volvo Group North
America
212-418-7434

The Volvo Group is one of the world's leading manufacturers of trucks, buses and
construction equipment, drive systems for marine and industrial applications,
aerospace components and services. The Group also provides complete solutions
for financing and service. The Volvo Group, which employs about 100,000 people,
has production facilities in 19 countries and sells their products in more than
180 markets. In 2008 annual sales of the Volvo Group amounted to about SEK 300
billion. The Volvo Group is a publicly-held company headquartered in Göteborg,
Sweden. Volvo shares are listed on OMX Nordic Exchange Stockholm. For more
information, please visit www.volvogroup.com or www.volvogroup.mobi if you are
using your mobile phone.