Dr. Theodore H. Stanley and H. Raymond Bingham to Be

Honored at October 24 Event

SALT LAKE CITY–(EMWNews)–The Utah Technology Council (UTC) is pleased to announce its 2008

Hall Of Fame awards dinner. The black-tie event will honor inductees

Dr. Theodore H. Stanley and H. Raymond Bingham, and will take place at 6:00

p.m. on October 24, 2008, at the Grand America Hotel.

“We are honored to recognize these two

distinguished gentlemen for their outstanding achievements and the

impact they’ve made to improving not only our

way of life in Utah but to improving it throughout the world,”

said Richard Nelson, UTC CEO. “Over the years

we’ve had some remarkable individuals elected

to the Utah Hall of Fame and both Dr. Stanley and Mr. Bingham should

feel right at home with the other inductees.“

The Hall

of Fame event honors individuals with Utah ties that have made key

contributions to the information technology and life science industries

through new technology, innovation and leadership. These contributions

have resulted in job growth, commercialization of technology and

increased growth and development of the nation’s

technology sector and economy. The UTC invites members of Utah’s

technology industries, as well as business and community leaders, to

join in honoring this year’s inductees.

Dr. Theodore H. Stanley

Ted Stanley is recognized as an international expert in

intravenous anesthesia, opioid analgesics, drug delivery systems, human

and wildlife immobilization techniques, and has been a visiting

professor of anesthesiology to almost every academic department

throughout the United States, most of North and South America, Europe,

and the Orient.

A “serial entrepreneur,” he has founded or co-founded eight life science

companies, including Zars and Anesta, and three research and educational

foundations. Associated with the University of Utah’s Department of

Anesthesiology since 1967, he has been a professor in that department

and Research Professor of Surgery from 1978 until the present time.

During that interval, he and his associates have received over $10

million in government (State and NIH) and pharmaceutical company funding.

One of Dr. Stanley’s companies, Anesta, became a public company in 1994

and raised approximately $180 million during its public existence.

Anesta was sold to a larger pharmaceutical company, Cephalon, in 2000,

for approximately $450 million. Anesta’s (Cephalon’s) most successful

product, Actiq, invented by Dr. Stanley in 1983, produced worldwide

sales of approximately $625 million in 2006. Over the last eight years,

sales of Actiq (approximately $2.5 billion to date) have resulted in

royalties of approximately $60 million being sent to the University of

Utah. In 2006 Dr. Ted Stanley was awarded the honor: “Mountainwest

Entrepreneur of the Year.”

Stanley has also visited, lectured and consulted at numerous veterinary

schools, zoos and wildlife parks in the United States, Canada, and

Western Europe. He has been a frequent consultant to the United States

FBI Hostage Rescue Team and Central Intelligence Agency.

Dr. Stanley completed an A.B. from Columbia College and an M.D. from

Columbia University Medical School. He completed a residency in

Anesthesiology at the Columbia-Presbyterian Medical Center. (Bio)

H. Raymond Bingham

Ray Bingham is Managing Director with General Atlantic, a global

growth equity firm. Having joined the firm in 2006, Mr. Bingham is

co-head of General Atlantic’s Palo Alto

office. He also serves as co-head of the firm’s Communications and

Electronics sector.

Mr. Bingham’s distinguished career of more

than 30 years has spanned businesses in high-tech, chemical engineering,

and private equity investments with accomplishments in mergers and

acquisitions, global trade and venture capital. From 1993 to 2005, he

served in executive management roles at Cadence Design Systems, the world’s

leading electronics design automation (EDA) company. He was named

executive chairman in May 2004, after serving as president and chief

executive officer since May 1999. He joined Cadence in 1993 as executive

vice president and chief financial officer. Under Mr. Bingham’s

leadership, Cadence developed from a $360 million company to a $1.3

billion global industry leader. During his tenure as CEO, the company’s

technology leadership grew through a series of strategic acquisitions,

internal research and development and venture investments. Mr. Bingham

also directed Cadence’s global expansion into

India, China and Russia, a decade ahead of today’s

focus in those emerging markets.

Bingham is a director of three public companies: Oracle Corporation,

Flextronics International Ltd. and STMicroelectronics NV. Mr. Bingham

has also served as a member of The Business Round Table, Chairman of the

Board of the Electronic Design Automation Consortium (EDAC), and a

member of the Board of Directors of the Silicon Valley Leadership Group.

Mr. Bingham earned a Bachelor of Science degree with Honors from Weber

State University and a Master’s Degree in

Business Administration from the Harvard Business School. Additionally,

he was awarded an Honorary Doctorate of Humanities from Weber State

University. (Bio)

For more information about the 2008 Hall of Fame event or to register

for the event, please visit the UTC

Web site or call (801) 568-3500. Tickets for the event are $250 for

UTC members and $400 for non-UTC members. Sponsorships are available

by contacting [email protected].

The event will be held at the Grand America Hotel in downtown Salt Lake

City beginning with a networking reception at 6:00 p.m. followed by

dinner and the awards ceremony at 7:00 p.m.

About Utah Technology Council

UTC exists to foster the growth of Utah’s

5,200 science and technology companies, attract a broader array of

funding resources, and ensure Utah has the highest-quality skilled

workforce. Members can connect and share insights with industry peers,

government and academic leaders, professional service providers and

venture capital firms. Visit www.utahtechcouncil.org

or call 801.568-3500.

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