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MOU Signing Between CUT And CARIE For The Creation Of A Technology Park In “Vereggaria”

by THEFUTURE.TEAM

November 28, 2024

The establishment and development of a Technology Park near the facilities of the Cyprus University of Technology (CUT) in the “Vereggaria” area is among the key initiatives outlined in the Cooperation Protocol signed today, Thursday, November 28, by the Cyprus University of Technology (CUT) and the Cyprus Association of Research and Innovation Enterprises (CARIE).

The protocol was signed by the Rector of CUT, Professor Panagiotis Zaphiris, and the President of the Association, Dr. Tasos Kounoudes, during a special ceremony held at the Rectorate building. The President of the University’s Council, Mr. Costas Galatariotis, also attended the event.

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The collaboration between CUT and CARIE aims to create a favorable environment for linking the university with Cyprus’ high-tech industry. The focus is on producing innovative Cypriot products with an export orientation. As part of this effort, the development of a Technology Park is expected to act as a catalyst for enhancing research and innovation while creating an ecosystem that offers significant benefits for the university, innovative Cypriot businesses, and the local and broader community.

The partnership also includes participation in cutting-edge research programs, such as artificial intelligence, biotechnology, and microelectronics. It provides opportunities for student internships and the potential employment of university graduates by association members. Moreover, it ensures access to advanced research and development infrastructure, while promoting the creation of a conducive environment for developing start-ups and spin-offs connected to the university. These initiatives aim to strengthen innovation and link academia with the job market.

The collaboration is expected to contribute to the creation of new jobs, attract investment to the area, and boost business activity, establishing the region as a center of excellence in high technology. It will also enhance the quality of life by fostering a dynamic innovation ecosystem and promoting lifelong learning through education and cooperation initiatives. To effectively achieve the protocol’s objectives, the formation of joint working groups and committees is planned.

Speaking at the event, the Rector of CUT, Professor Panagiotis Zaphiris, stated, “Today is an important day for CUT, as our longstanding collaboration with CARIE and its member companies is being elevated through this MOU signing.”

While the protocol primarily focuses on the creation of the Technology Park in “Vereggaria,” he added, it also includes many other initiatives, “forming a comprehensive framework that will bring us even closer. The creation of a Technology Park, which has been in the works for some time, will boost the research sector, creating a space where academic entities, start-ups, laboratories, and companies can coexist, offering opportunities for synergies and innovation,” he concluded.

On his part, the President of CARIE, Dr. Tasos Kounoudes, highlighted the long-standing and excellent cooperation between the Association and CUT. He emphasized the importance of enhancing this partnership through the signing of the MOU for the establishment of the Technology Park.

“Our Association, comprising 40 companies employing over 1,000 researchers and contributing €1.5 billion to the Cypriot economy, possesses a unique applied research infrastructure already collaborating with the University. With this new collaboration, students will gain more opportunities for internships and employment, while the benefits for innovation and the industrialization of research results are expected to increase significantly,” he noted.

In his address, the President of CUT’s Council, Mr. Costas Galatariotis, mentioned that “the collaboration with CARIE aims to maximize synergies between the academic community, the real economy, and industry—a model proven highly effective in advanced countries.”

He noted that the Technology Park would combine research, technology, and education, forming a comprehensive academic ecosystem. “We hope the Council of Ministers will officially approve the site allocation before Christmas,” he said, expressing CUT’s gratitude to the Municipality of Polemidia for its cooperation and support.

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Discovery of a New Dwarf Planet: Is Our Solar System Expanding?

by News Editor

June 16, 2025

A New Celestial Revelation: Meet 2017 OF201

In a groundbreaking astronomical discovery, researchers have identified a celestial body likely to be a dwarf planet far beyond Pluto. This thrilling discovery was made by astronomers from the Institute for Advanced Study in Princeton, New Jersey. Dubbed 2017 OF201, this object is located over twice the distance of Pluto from the Sun, marking it as one of the farthest known bodies in our solar system observable through optical telescopes.

Key Insights

The object is approximately 700 kilometers in diameter, smaller than Pluto’s 2377 kilometers, yet it stands to be the largest found in the outer solar system in over a decade if verified by radio telescopes.
Classified as an extreme trans-Neptunian object, 2017 OF201 joins the ranks of other icy bodies circling the Sun beyond Neptune’s orbit. This region is now known to host other giants such as Eris, Haumea, Makemake, and Gonggong.
Identified in a series of 19 observations over seven years, involving instruments like the Dark Energy Camera in Chile and the Canada-France-Hawaii Telescope, this discovery sheds light on the unexplored corners of the solar system.

Why 2017 OF201 Stands Out

2017 OF201 boasts a unique orbit, with its aphelion over 1600 times the Earth’s distance from the Sun. Meanwhile, its perihelion is 44.5 times the Earth-Sun distance, parallel to Pluto’s path. Such an extensive orbit is evidence of a chaotic past, likely involving gravitational interactions with a giant planet.

Unveiling the Kuiper Belt: A New Frontier

Nestled within the Kuiper Belt, this object hints at the possibility of numerous similar celestial bodies lingering in this icy expanse, largely hidden due to immense distances. As telescope technology advances, the possibility of unveiling more about our solar system’s outermost fringes grows ever more achievable.