Nov 2, 2005

New York, Nov 2, 2005

Thurgood Marshall Scholarship Fund (TMSF), an organization comprised of 47 public historically black colleges and universities dedicated to preparing a new generation of leaders, has nominated Benjamin Wells, Siemens national director of strategic technology solutions to colleges & universities, for the "2005 Founder's Award" in recognition of his commitments to advancing education and community service.

The annual award ceremony gives TMSF the opportunity to recognize individuals who display a commitment to TMSF's mission, community service, and their respective professions. The Founder's Reception Awards Ceremony will take place on Sunday, November 6, 2005 at 6:00 p.m. at New York City's American Folk Art Museum.

"It is critical for the public and private sectors to work together to give young people greater access to higher education and better prepare students for leadership and successful careers;" said Dwayne Ashley, president & CEO, Thurgood Marshall Scholarship Fund, Inc. "TMSF's ability to fulfill its mission can be attributed to the collaborative effort and commitment of corporations, organizations and individuals such as our 2005 honorees who work on foot to make a difference in the lives of so many young people."

In 2005, Siemens announced a joint scholarship program with TMSF and the United Negro College Fund (UNCF) aimed at encouraging minority students to pursue teaching careers in math and science. The Siemens Teacher Scholarships consist of a $1 million donation from the Siemens Foundation over five years, for undergraduate and graduate students aspiring to become teachers of math, science and technology.

TMSF and the UNCF will administer the funds, each receiving $500,000 to provide scholarships for undergraduate students majoring in education at any one of the nation's 85 Historically Black Colleges and Universities (HBCU's) that are members of the two organizations.

"I am honored to have received this nomination from this important institution that I have actively supported for many years," said Wells. "I am involved with TMSF personally and professionally in my role at Siemens, and see first-hand what can be achieved with coordination, creativity and commitment. I look forward to continuing my involvement in the TMSF and helping them expand their reach into more communities."

As national director of strategic technology solutions to colleges & universities, Wells develops tailored business solutions to help universities and colleges operate more efficiently and provide better learning environments for students. Prior to joining Siemens, Wells was a sales manager at Bell Atlantic (now Verizon Communications). He began his career at the Westinghouse Defense Center (now Northrop Grumman Defense Systems) in Microelectronics Systems Engineering.

About Siemens

Siemens AG (NYSE:SI) is one of the largest global electronics and engineering companies with reported worldwide sales of $91.5 billion in fiscal 2004. Founded more than 150 years ago, the company is a leader in the areas of Medical, Power, Automation and Control, Transportation, Information and Communications, Lighting, Building Technologies, Water Technologies and Services and Home Appliances. With its U.S. corporate headquarters in New York City, Siemens in the USA has sales of $16.6 billion and employs 70,000 people throughout all 50 states and Puerto Rico. Thirteen of Siemens' worldwide businesses are based in the United States. With its global headquarters in Munich, Siemens AG and its subsidiaries employ 440,000 people in 192 countries. For more information on Siemens in the United States visit www.usa.siemens.com.

About the Thurgood Marshall Scholarship Fund

The Thurgood Marshall Scholarship Fund, Inc., named for the late U.S. Supreme Court Associate Justice, is the only national organization of its type that provides merit-based scholarships and programmatic support to students attending the nation's public historically black colleges and universities. The organization also provides capacity building support to its 47 member schools. Since its inception in 1987, the Fund has awarded more than $50 million in scholarships and programmatic and capacity support, enabling more than 5,000 students to attend public Historically Black Colleges and Universities. TMSF also provides internship programs and joins corporate and foundation partners in providing leadership training and support to students preparing for undergraduate and professional schools. TMSF is a 501(c)3, tax-exempt organization. Visit TMSF at www.thurgoodmarshallfund.org.

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Paula S. Davis
Director, Public Relations
Tel.: (212) 258-4260
paula.davis@siemens.com
Public Relations Manager
Siemens Corporation