"Kris Singh has supported his alma mater in many important ways throughout the years," Penn President Amy Gutmann said. "This far-reaching gift reflects his lifetime commitment to learning and leading as well as Penn's commitment to be at the forefront in advancing nanotechnology research. We are very grateful for Kris's extraordinarily generous support."
Singh is the founder, president and chief executive officer of Holtec International in Marlton, N.J., an energy-technology company he established in 1986. Holtec customers include more than 150 U.S. power-generation stations and more than 80 commercial nuclear-power plants. More than 80 percent of all spent nuclear fuel produced in the United States, South Korea, Mexico, Brazil, Taiwan and the United Kingdom is stored with Holtec equipment.
"Nanotechnology will influence education and scientific research throughout the world," Engineering Dean Eduardo Glandt said. "We are pleased that Kris has so generously contributed to making Penn a leader in this field. Those who know him understand that this is a gift from the heart. His wise counsel and investment in the future of Penn Engineering will leave an indelible mark."