MENLO PARK, Calif. - September 19, 2002 - SRI International, a leading independent research institute based in Silicon Valley, announced today that Joe Raguso has joined its Ventures and Strategic Business Development team as vice president of strategic partnerships.

In this newly created position, Raguso will help develop partnerships that bring SRI's significant multidisciplinary research and development expertise to those organizations looking to solve critical problems facing the public and private sectors. These partnerships will result in innovative solutions to important problems, new products and processes, and the creation of spin-off companies.

Raguso will help develop new partnerships to grow and fund SRI's major initiatives in information technology, biotechnology, and wireless communications. This will include fostering relationships with industry leaders, the venture capital community, congressional and agency policy makers, as well as private foundations.

With a background as both a technology policymaker and scientist, Raguso brings a unique background to the position. Prior to joining SRI, Raguso was deputy secretary of the California Technology, Trade & Commerce Agency's Division of Science, Technology and Innovation, where he established the division's agenda, oversaw management of its programs and projects, and served as advisor to the Governor and the California Legislature on technology policy.

Before accepting that appointment, Raguso served as president and CEO of the San Diego Regional Technology Alliance (SDRTA), and also worked in the Office of Science and Technology Policy and Projects at the University of California, San Diego. He worked previously with the Defense Advanced Research Projects Agency (DARPA), where he developed strategic partnerships with private industry to advance research goals.

Before coming to California, Raguso served in the Clinton Administration as a deputy assistant secretary to the Office of Technology Policy. His responsibilities included directing "Partnerships for a Competitive Economy", a program that works to promote the role technology plays in economic growth and job creation, implementing the Administration's competitiveness policies, and developing federal mechanisms to leverage state efforts to advance national science and technology goals.

Raguso has worked as a researcher for IBM and Galileo Electro-Optics corporations. He has a master's degree in Technology and Policy from the Massachusetts Institute of Technology and graduate and undergraduate degrees in engineering.

About SRI International
Silicon Valley-based SRI International (www.sri.com) is one of the world's leading independent research and technology development organizations. Founded as Stanford Research Institute in 1946, SRI has been meeting the strategic needs of clients for more than 55 years. The nonprofit research institute performs contract research and development for government agencies, commercial businesses and private foundations. SRI is well known for its innovations in information technology, telecommunications, engineering, pharmaceuticals, chemistry, physics, and the public policy areas of education, health, and economic development. In addition to conducting contract R&D, SRI licenses its technologies, forms strategic partnerships and creates spin-off companies.