Staples, Inc. (ticker: SPLS, exchange: NASDAQ Global Market (.O))
News Release -
13-Apr-2011
University of Cincinnati Team Wins $25,000 Grand Prize in Staples
Global EcoEasy ChallengeExpert Panel Names Team Silver Monkey's Revolutionary EcoEasy
Button As 2011's Top "Green" Office Product Concept
WASHINGTON, Apr 13, 2011 (BUSINESS WIRE) -- Staples, Inc. (Nasdaq: SPLS), the world's largest office products
company, in collaboration with the Rochester Institute of Technology's
(RIT) Golisano Institute for Sustainability, today announced the winners
of the Staples
Global EcoEasy Challenge - an international search to find the most
innovative concepts for office products that promote sustainability or
use environmentally preferable materials. A student team from the
University of Cincinnati won the EcoEasy Challenge top prize for their
EcoEasy Button concept, winning $25,000 and royalties should their
concept be brought to market. HD video from the award ceremony will be
available for download at 4 p.m. ET today at http://db.tt/q2sGbM6.
University of Cincinnati Silver Monkey team members Brandon Leedy, Alex
Pellegrino, Kyle Koch and James Matchett presented their EcoEasy Button
yesterday to the judges. The EcoEasy Button is an evolution in surge
protector design made of environmentally preferable materials, and can
be placed on the user's desk for easy access. It also alerts users when
their devices have been draining energy for extended periods of time.
"All of the students, who came from around the world and represented
their schools so well, give Staples and its partners in sustainability
great hope for the future," said Mark Buckley, vice president of
environmental affairs, Staples. "Their fresh ideas and innovative spirit
are an inspiration to us at Staples, our environmentally conscious
customers and the greater business community."
"Young, smart, ambitious students are often the creative core of
inventive ideas that spark simple solutions, such as the EcoEasy Button,
for the office or for complex problems outside of it," said Dr. Nabil
Nasr, assistant provost and director of the Golisano Institute for
Sustainability at RIT. "We learn from the students who participate in
the challenge as much as they receive an education from being a part of
it."
In addition, the panel of expert judges named team Cyrus from Nanyang
Technological University as a runner-up. University of Cincinnati Silver
Monkey's Folio concept was also selected as a runner-up in the
challenge. Each of the teams will receive the runner-up prize of $5,000
and royalties should their concept be brought to market.
The teams and product concepts named runners-up are:
-
Nanyang Technological University, team Cyrus, presented an Adjustable
Standard Binder made of recycled materials. The binder can expand to
hold 200 to 600 sheets of paper, equivalent to one- to three-inch
binders. When the binder fills up, the user simply adjusts the binder
to fit more paper instead of buying a new one.
-
University of Cincinnati, team Silver Monkeys, presented the Folio, a
portfolio-style binder that is about half the size of a three-ring
binder, and secures paper so it won't slip out as it can when in a
folder. The Folio is made of a material that not only allows it to
expand to fit both smaller and larger amounts of paper, it's also
reusable.
The Staples Global EcoEasy Challenge attracted 86 entries from 27
student teams studying at 15 universities in eight countries.
The panel of experts who judged the entries included:
- Nancy Lublin, chief executive officer, DoSomething.org
- Bill McElnea, leader of the U.S. Department of Commerce's
Sustainable Manufacturing Initiative
- Dr. Nabil Nasr, assistant provost and director, Golisano
Institute for Sustainability at RIT
- Bill Roth, a nationally followed columnist in Triple Pundit and
The Green Economy Post as well as the founder of Earth 2017
- Kate Swann, chief operating officer, Frog Design - a technology
and design firm
- Mark Buckley, vice president of environmental affairs, Staples
- Dave D'Angelo, senior vice president of Staples Brands Group
About Staples Environmental Commitment
Staples long-standing commitment to sustainable business practices is
based on key environmental cornerstones: recycling, offering a wide
assortment of eco-preferable products, investing in energy efficiency
and renewable energy and educating customers and associates about
sustainability. Through its EcoEasy
commitment, Staples makes it easy for customers to make a difference for
the environment by offering more than 3,000 eco-preferable products and
providing everyday, in-store recycling for computers, office technology,
personal electronics and ink and toner cartridges. For more on Staples
environmental initiatives, please visit www.staples.com/ecoeasy.
About Staples
Staples is the world's largest office products company and a trusted
source for office solutions. The company provides products, services and
expertise in office supplies, copy & print, technology, facilities and
breakroom, and furniture. Staples invented the office superstore concept
in 1986 and now has annual sales of $25 billion, ranking second in the
world in eCommerce sales. With 90,000 associates worldwide, Staples
operates in 26 countries throughout North and South America, Europe,
Asia and Australia, making it easy for businesses of all sizes, and
consumers. The company is headquartered outside Boston. More information
about Staples (Nasdaq: SPLS) is available at www.staples.com/media.
Follow Staples on Twitter at http://www.twitter.com/staplestweets
and on Facebook at http://www.facebook.com/staples.
About the Golisano Institute for Sustainability
The Golisano Institute for Sustainability was formed in 2007 thanks to a
$10 million gift from Paychex found and Chairman B. Thomas Golisano. The
institute currently houses one of the world's first Ph.D. programs in
sustainable production and is developing master's degrees in sustainable
systems and sustainable architecture. It also conducts cutting edge
research in nanotechnology, alternative energy development and
validation, sustainable design and pollution prevention and works with a
host of businesses and state and federal agencies including Xerox Corp.,
Eastman Kodak Company, General Motors, Staples, the New York State
Department of Environmental Conservation and the U.S. Department of
Transportation.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6682914&lang=en

SOURCE: Staples, Inc.
Staples, Inc. Nina Akerley, 508-253-1078 Nina.Akerley@staples.com or Tilson Communications Jackie Guzman, 561-998-1995 jguzman@tilsonpr.com
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