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Siemens PTI to Lease Space at 400 State Street in Downtown Schenectady
SCHENECTADY, N.Y.
(Map)
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(Logo: http://www.newscom.com/cgi-bin/prnh/20070904/SIEMENSLOGO )
Susan E. Savage, Chair of the Schenectady County Legislature said, "Retaining Siemens PTI in Schenectady County is a major win for our economic development efforts. This company is a world class leader in so many technologies, and we are thrilled that the Siemens PTI headquarters will stay in Schenectady County."
Siemens has a160 year track record and employs 400,000 people around the world. The company is a leader in electronics and electrical engineering and plays a major role in industry, energy and health care sectors of the global economy.
Siemens Power Transmission & Distribution, Inc. owns and operates Siemens Power Technologies International (PTI). Headquartered in Schenectady, Siemens PTI provides software, training and consulting services to utility companies. The company helps to train engineers to maintain and operate power plants and power transmission and distribution systems and operates the well-known and respected Siemens Power Academy.
Siemens PTI has 55 employees in Schenectady. The company brings about 1,000 students per year to Schenectady for training in the latest developments in energy technology.
Siemens also operates satellite training facilities in
Siemens PTI considered numerous locations in the Capital Region before selecting 400 State Street. The company plans to consolidate several local offices to the new location by the end of this year.
"We have deep roots in Schenectady, and we're delighted to make this positive statement about the downtown area by remaining part of the community," said Dave Pacyna, president & CEO of Siemens Power Transmission & Distribution, Inc. and an alumnus of Schenectady's Union College.
Employees and guests of Siemens PTI will utilize the Metroplex Parking Garage on Broadway.
400 State Street is owned and managed by the Galesi Group, the Capital Region's largest private developer. The building located a the corner of State and Broadway houses the popular Bowtie Cinema on the first floor with 30,000 square feet of Class A office space on the top two floors. The building opened in May of 2007.
About Siemens Power Transmission & Distribution (USA)
Siemens Power Transmission & Distribution, Inc., headquartered in
Siemens AG (NYSE: SI) is a global powerhouse in electronics and electrical
engineering, and operates in the industry, energy and healthcare sectors.
Over 160 years, Siemens has built a reputation for leading edge innovation and
the quality of its products, systems and solutions. In fiscal year 2007,
Siemens reported worldwide sales of
SOURCE Siemens Power Transmission & Distribution
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