This is the official launch of PAFET, Partners Affiliated for Exploring Technology. It was a consortium that hoped that by exploring technology together, these companies would benefit from shared knowledge in the creation of new businesses and/or services.
“Our purpose is to maintain and strengthen our competence in collecting, packaging and marketing information, making use of the best of evolving technologies available. As a group we can invest in research on new information technology that larger companies are pursuing,” states James N. Rosse, president and chief executive officer of Freedom Communications, Inc., who will be the first chairman of the PAFET management committee