University of Delaware
Office of Public Relations
UpDate - Vol. 16, No. 32, May 22
                                   
                Quantum Development establishes awards
     
     Quantum Development Corp. of Wilmington, founded by UD
alumni, has established two new student awards at UD that
were presented for the first time May 9 at Honors Day.
     One award, honoring the outstanding senior computer
science student, was presented to Christopher M. Sherwin of
Churchville, Pa.. The second honors outstanding graduate
student work in artificial intelligence and was presented to
John R. Chen of Clifton, N.J.
     "UD has given us a lot, and now it's time to start
giving back," Joseph B. Elad, Delaware '82 and founder and
CEO of Quantum, said. "As our technology is maturing and
gaining credibility through our success with Fortune
companies like Ford, DuPont and Texas Instruments, we need
an even closer relationship with UD. We need to attract top
graduating students and work in growing cooperation with UD
faculty."
     Quantum was founded to apply academic research in the
areas of artificial intelligence and operations management
to business problems. In its initial years, the company
created custom software applications for large corporations.
During that time, Quantum's principals invented the concept
of a best-in-world problem solving technology now called
Quantum Leap.
     The core of this powerful innovation is the Quantum
Leap Problem Solving Engine and Problem Representation
Facility-patented software that is currently revolutionizing
problem solving in the business world.
     Today, the company employs a team of modeling experts
who apply the technology and create solutions with clients
that meet their exact needs. These tailored solutions help
large corporations effectively understand and efficiently
solve their complex problems-significantly improving the
quality of their critical decisions.
     The company focuses efforts on product development, but
the core of the technology is generic and also is being
applied to areas such as global cash flow, competitive
gaming, corporate planning and manufacturing planning.