September 30, 2014 2:47 PM ET

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Company Overview of Massachusetts Institute of Technology

Company Overview

Massachusetts Institute of Technology is an academic research and educational institution. The university has five schools that offer degree courses in architecture and planning, engineering, humanities, arts, and social sciences, management, and science. These include twenty-seven degree-granting departments, programs, and divisions. Massachusetts Institute of Technology was founded in 1861 and is based in Cambridge, Massachusetts.

77 Massachusetts Avenue

Cambridge, MA 02139-4307

United States

Founded in 1861





Key Executives for Massachusetts Institute of Technology

Age: 63
Executive Vice President
Age: 70
First Vice President and General Counsel
Age: 60
Professor of David H. Koch Institute
Age: 65
Compensation as of Fiscal Year 2014.

Massachusetts Institute of Technology Key Developments

Massachusetts Institute of Technology Researchers Develop New Wireless System to Reduce Traffic Congestion

Massachusetts Institute of Technology researchers Li-Shiuan Peh and Jason Gao have developed a new wireless system called the RoadRunner, which uses GPS-style directions to reduce traffic congestion. The researchers showcased the system at the recent Intelligent Transportation Systems World Congress in Detroit, U.S. To form the simulations, the researchers used the data supplied by Singapore's Land Transit Authority and then compared the RoadRunner with the same kind of system currently in use in Singapore. The system in Singapore charges drivers a fee through dashboard-mounted transponders for entering congested roadways and measures the driver's location through radio transmitters installed around the city. In comparison, the RoadRunner only uses handheld devices attached in cars' dashboards and assigns a certain number of cars in a region through a token. If tokens are not free, RoadRunner routes the car around the region through voice messages. The RoadRunner simulations found an 8% increase in average speed of car during peak periods. The system uses a 802.11p wireless standard, which is a Wi-Fi variation that uses a part of electromagnetic spectrum. This wireless standard was controlled through a mobile app.

Hitachi, Ltd. Begins Joint Research with The Massachusetts Institute of Technology, The University of Michigan, and The University of California, Berkeley Targeting Resource-Renewable Boiling Water Reactors

Hitachi Ltd. announced that they have begun joint research with three American universities - the Massachusetts Institute of Technology (MIT), the University of Michigan (U-M), and the University of California, Berkeley (UCB) - aimed at using Transuranium Elements as fuel, and the development of Resource-renewable Boiling Water Reactors (RBWRs) that enable the effective use of uranium resources. Through this joint research, Hitachi plans to evaluate the performance and safety of RBWRs, which is being developed by Hitachi and Hitachi GE Nuclear Energy Ltd., and to study plans for testing with a view toward practical applications with each university. As one solution to this challenge, Hitachi has undertaken the development of RBWRs based on Boiling Water Reactor technologies, which already have an extensive track record of applications in commercial nuclear reactors. RBWRs could potentially use TRUs separated and refined from spent fuel as fuel along with uranium. Although RBWRs use new core fuel concepts to burn TRUs, they use the same non-core components as current Boiling Water Reactors (BWRs), including safety systems and turbines. As such, RBWRs are unique in that extensive experience accumulated through the application of BWRs can be leveraged to achieve efficient nuclear fission in TRUs. In this next stage of joint research, utilizing the knowledge and insights acquired through the previous stage, and applying the more accurate analysis methods developed by MIT, U-M, and UCB, Hitachi will continue to evaluate the safety and performance of the new reactors, and will study plans for tests with a view toward practical applications.

Massachusetts Institute of Technology Develops an Audio Reading Device

Scientists at the Massachusetts Institute of Technology are developing an audio reading device to be worn on the index finger of people whose vision is impaired, giving them affordable and immediate access to printed words. The so-called FingerReader, a prototype produced by a 3-D printer, fits like a ring on the user's finger, equipped with a small camera that scans text. A synthesized voice reads words aloud, quickly translating books, restaurant menus and other needed materials for daily living, especially away from home or office. Reading is as easy as pointing the finger at text. Special software tracks the finger movement, identifies words and processes the information. The device has vibration motors that alert readers when they stray from the script. The FingerReader would not replace Braille - the system of raised dots that form words, interpreted by touch. Instead, the new device would enable users to access a vast number of books and other materials that are not currently available in Braille. Developers had to overcome unusual challenges to help people with visual impairments move their reading fingers along a straight line of printed text that they could not see. Users also had to be alerted at the beginning and end of the reading material. The FingerReader can read papers, books, magazines, newspapers, computer screens and other devices, but it has problems with text on a touch screen. That's because touching the screen with the tip of the finger would move text around, producing unintended results. Disabling the touch-screen function eliminates the problem. Affordable pricing could make the FingerReader a key tool to help people with vision impairment integrate into the modern information economy.

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