The University of Akron and the Timken Company established a model industry-university collaboration wherein a specialized corporate research team in engineered surfaces was transferred to The University of Akron with academic credentials to pursue expanded research and commercial development. The company sponsors continuing research at the University. Equipment and facilities were consolidated at the university and "stranded (non-strategic) technologies" within the Timken Company have become the basis for a new enterprise jointly owned by Timken and the University of Akron Research Foundation. The new company provides engineered surface solutions in new markets including medical devices, aerospace and selected defense applications.