FINALISTS:

• Australian Innovative Systems Pty Ltd (AIS) Company, Brisbane, Australia: Ecoline -Water treatment of the future
• Erlanger Health Systems, Chattanooga, TN USA: Laurene Vamprine, Vice President and Chief Information Officer
• Improve Digital Amsterdam, The Netherlands: Improve Digital and its Chief Innovation Officer, Janneke Niessen
• Marcel Media, Chicago, IL USA: Marcel Media

Phoenix Data Corporation Celebrates 10-Year Anniversary with Technology Open House

Phoenix Data Corporation highlighted its 10th year in business with a Technology Open House on July 13, 2011. Clients, teaming partners, and state and local officials gathered as Carol Curran, CEO, cut the ribbon in celebration at the company's newly-renovated Indianapolis office.

Guests at the event included representatives from several divisions of the Naval Surface Warfare Center at Crane, including the Maritime, Electronic Warfare, Irregular Warfare and Electrical Optics divisions. Teaming partners in attendance were Northrop Grumman, Raytheon, Concurrent Technologies corporation, ProSoft, Stimulus Engineering, Affiliate Computer Systems and IBM. Several agencies from the State of Indiana were also present, including the Family and Social Services Administration (FSSA), the Indiana Department of Revenue and Department of Health, and Indiana's Vocational Rehab Division.

Terrie Daniel, Deputy Commissioner of the Minority & Women's Business Division of the City of Indianapolis voiced her support for the increasing economic impact of women-owned businesses throughout the community. Mayor Wayne Seybold of Marion, Indiana, spoke briefly about the contributions of Phoenix Data Corporation in his city. Tom Crouch of the City of Lawrence and Jessica Tower, Executive Director fo the Lawrence Chamber of Commerce, also helped with the ribbon-cutting.

Technology demonstrations throughout the afternoon featured Phoenix Data Corporation's expertise in scanning and data conversion to digital media, particle swarm optimization demos showing unparalleled speed in planning solutions for military missions and logistics, and radio frequency optimization technologies designed for naval and armed forces applications.

Mouth-watering finger foods, anniversary cake and Phoenix logo cookies were enjoyed by all. Guests received several parting gifts as a thank-you for attending the gala celebration.

Phoenix Data Corporation Lands New Contracts, Will Add 20 Employees by Year-End

NSWC Crane:

Phoenix Data Corporation received a contract with the Naval Surface Warfare Center, Crane Division (NSWC Crane) in Crane, Indiana, for scanning, indexing and electronic archival of Naval documents.

As a subcontractor on a second Crane project, Phoenix will provide technical training for electronic warfare and related areas for NSWC Crane.

Additional partnering agreements with two defense contractors will require Phoenix Data Corporation to provide engineers, systems programming, IT support and technical personnel for innovative systems support, aerospace solutions, electronics and information systems, mission systems integration and other technological services for the U.S. military.

State of Indiana:

Phoenix Data Corporation's existing contract with the Indiana Family & Social Services Administration (FSSA) provides image processing of the applications and supporting documentation for Indiana's Eligibility Modernization project. As the solution is rolled out to all counties within Indiana in 2011, Phoenix Data Corporation expects volume to increase. Five new employees have already been hired, with more expected by year-end.

Dr. Russ Eberhart Wins International Pioneering Technology Award

Phoenix Data Corporation's Chief Technology Officer, Dr. Russell C. Eberhart, this month was awarded the 2012 Evolutionary Computation Pioneer Award from the Computational Society of the Institute of Electrical and Electronics Engineers (IEEE). IEEE is the world's largest professional association (400,000 members worldwide) dedicated to advancing technological innovation and excellence for the benefit of humanity, and the award is the organization's highest honor in the field of evolutionary computation.

Dr. Eberhart's collaborative work with James Kennedy in the early 1990s developed an evolutionary computation technique called Particle Swarm Optimization (PSO) in 1995, which is now being used in more than 30 countries. Particle Swarm Optimization computes solutions for nonlinear problems in rapidly-changing environments for which traditional approaches are difficult, if not impossible, to apply. Patterned after the behavior of self-organized systems such as ant colonies and schools of fish, PSO rapidly calculates multiple optimal solutions up to thousands of times faster than previous methods.

Dr. Eberhart will be traveling to Brisbane, Australia, to receive his award.

Key4Women Appoints Prominent Women Business Owners and Leaders to National Advisory Board

Business Owners Share Expertise, Viewpoints with Bank

CLEVELAND, OHIO, May 4, 2011 – Key4Women, a KeyBank program for women in business, has appointed a prominent group of successful women business owners and experts to its National Advisory Board. The board is comprised of 23 women business owners, leaders and experts from across section of industries across Key's footprint. It includes representatives from the Women President's Organization, the Center for Women's Business Research, Women Impacting Public Policy (WIPP), ForbesWoman and St. Mary's College Entrepreneurship Initiative.

Originally formed in 2006, the advisory board informs the Key4Women program to understand new challenges women business owners and leaders face in today's economy. It also offers these women an opportunity to share experiences and offer advice to one another. The insights garnered from advisory board members help drive Key4Women's strategy and program enhancements.

According to the Center for Women's Business Research, 10 million firms are majority-owned by women. As of 2008, these firms accounte for 40 percent of all privately held companies, employing more than 13 million people and generating $1.9 trillion in sales.

"Our advisory board is an important and ongoing way for Key to understand women business owners and leaders, their challenges and their needs in today's economy. As a result, we keep our program fresh, relevant and responsive to help leaders face and address opportunities in their businesses," said Maria Coyne, founder of Key4Women and head of Key's Business Banking segment.

The advisory board will meet twice each year, with the first meeting taking place in Cleveland, Ohio. The members of the 2011 Key4Women Board are:

• Moira Forbes, president and publisher, ForbesWoman and Associate Publisher, ForbesLife magazine
• Patricia Greene, board chair, Center for Women's Business Research
• Barbara Kasoff, president and CEO, and co-founder of Women Impacting Public Policy, Inc. (WIPP)
• Marsha Firestone, founder and president of the Women Presidents' Organization
• Susan Vance, senikor project director of the Saint Mary's College Women's Entrepreneurship Initiative (WEI)
• Carol Curran, president and CEO of Phoenix Data Corporation
• Danielle Gabriel, secretary/treasurer of Big G Electric & Engineering, Inc.
• Drue Sanders, owner of Drue Sanders Custom Jeweler
• Kathy Donovan, president of Bake-Rite International and managing partner of Horizon Bradco
• Tanya Bell, president of Indiana Black Expo
• Janet Lutz, president and founder of Calico Gals, Inc.
• Kitty Van Bortel, president of Van Bortel Subaru and Van Bortel Ford
• Deborah Donley, president and founder of Vocon
• Jeanette Ladina, president and owner of Flaming River Industries
• Arlene Watson, principal and creative director of Mobius Grey, LLC
• Karen Hough, founder and CEO of ImprovEdge
• Michelle Kerr Abreu, chairman, president and founder of Oxford Consulting Group, Inc.
• Cheryle Casar, executive director of Louisville Meal Center
• Susan Baracco, founder and president of Echelon Circles
• Jennifer Harding, president of East Side Athletic Club
• Andrea Heuston, CEO & creative principal of Artitudes Design
• Cindy Delaney, owner of Delaney Meeting & Event Management
• Maxine Turner, president of Cuisine Unlimited Catering & Special Events

About Key4Women
Founded in 2005, Key4Women helps women in business achieve their goals by providing access to capital, customized service, networking events, and educational opportunities. Key4Women has lent $3 billion to qualified women business owners since 2005 and committed to lending another $3 billion by 2012.

About KeyCorp
Cleveland-based KeyCorp is one of the nation's largest bank-based financial services companies, with assets of approximately $93 billion. Key companies provide investment management, retail and commercial banking, consumer finance, and investment banking products and services to individuals and companies throughout the United States and, for certain businesses, internationally. For more information, visit https://www.key.com/.