PARC, a Xerox Corporation company (NYSE: XRX), collaborates with sponsors and clients to discover breakthrough business and technology concepts that solve real needs, and transform how enterprises deliver value to customers. PARC takes an agile, multidisciplinary approach to open innovation, by bringing together physical, computer, biological, and social scientists who have the vision, expertise and instinct to convert groundbreaking scientific findings into industrial-strength prototypes. Founded in 1970 as part of Xerox Research, then incorporated in 2002 as an independent research business, PARC is celebrated for innovations such as laser printing, distributed computing and Ethernet, the graphical user interface (GUI), object-oriented programming, and ubiquitous computing.