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San Antonio research think tank, SwRI reports revenue increase for 2015
February 22, 2016

Milton B. Lee, chairman of the board of directors for Southwest Research Institute. City Public Service

By Kristen Mosbrucker, San Antonio Business Journal

San Antonio-based think tank, the Southwest Research Institute, reported revenue of $592 million in 2015 this week, up from $548 million during 2014 across 4,000 projects.

Net income for the non-profit institute was $23 million, compared to $7.8 million the year prior. The organization conducts research for private industry, government entities and internal research.

During 2015, nearly 90 new research projects that cost $7.2 million were initiated for the Internal development of technology. One of those was a Computational Optimization Focused Internal Research program - an effort that develops algorithms to increase the speed for modeling otherwise complex physical processes. Possible industries impacted are oil and gas but also biomedical applications.

Dozens of advisory trustees and the board of directors gathered to glean insight during a slew of presentations by the engineers and scientists at the SwRI campus today during the 68th annual meeting. Topics explored ranged from engine lubricant research to create more efficient vehicles to the building of large automated robots to paint aircraft carriers.

"The breadth of the science and technology that the engineers and scientists at SwRI conduct is quite remarkable," said Milton B. Lee, chairman of the board in a news release.

Former astronaut Col. Eileen Collins, retired from the U.S. Air Force, and Mark Mays, owner of Mays Family Enterprises, were elected to the board of advisory trustees

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