Davis, who served in the Marine Corps and as a deck officer in the U.S. Coast Guard, worked for large corporations, including GM and Carborundum, following graduation from UB.
In 1964, he founded I Squared R, the nation's only manufacturer of silicon carbide and molybdenum disilicide heating elements. I Squared R products are used in the manufacturing of other products such as flat-panel display glass, fiber optics and solar panels.
Known for his generous employee profit-sharing plans, Davis said in addition to taking care of UB, he also is making arrangements to ensure his business and staff will continue to succeed.
"I think this company is an asset to Erie County and New York State, because we are the only manufacturer of this product. The best way to have this survive is to give it to the people who can run it best. So when I die, by trust I am giving the company to the employees," he said. "The company has been an asset to UB, too, because without this source of income that I've had over the years, I wouldn't be able to make this gift to UB Engineering."