Tekcapital plc Acquisition of Energy Harvesting Technology (1033K)

TIDMTEK

RNS Number : 1033K

Tekcapital plc

24 December 2015

Tekcapital plc

("Tekcapital" or the "Company")

Acquisition of Exclusive License to an Additional Energy Harvesting Patent Application

Tekcapital plc (AIM: TEK), an international provider of technology and intellectual property services, announces that it has acquired the exclusive license to an additional energy harvesting technology from the University of Michigan.

The patent application, entitled "Energy Harvesting from Constrained Buckling of Piezoelectric Beams" U.S. Serial No. 62/204,695, covers additional scientific developments that have been made subsequent to Tekcapital's initial energy harvesting technology license from the University of Michigan announced on 29 June 2015.

The patent application will seek to protect a novel design for a subliminal, in-shoe energy-harvesting device which may be used to generate power from walking, running and jumping for recharging mobile devices.

According to a recent research industry analyst report (reference 1, below) the total addressable market for wearable computing devices is forecast to reach up to $34.6 billion by 2020, with a CAGR 20%. The directors of Tekcapital believe that most of the devices in this segment could potentially benefit from portable energy harvesting technology that generates power from human movement. Additionally, there are currently approximately 2 billion smartphone users worldwide (reference 2, below) who they believe could also potentially benefit from energy harvesting technology.

Commenting on the announcement, Dr. Clifford M. Gross, Executive Chairman of Tekcapital plc, said:

"We believe the acquisition of the exclusive license to this additional energy harvesting patent application further strengthens our intellectual property position in the energy harvesting space. Our goal is to prepare the technology for sublicensing to a major footwear manufacturer. We are actively engaged in testing a prototype utilising this technology and will update the market in due course."

Cited References:

   1.     http://www.marketsandmarkets.com/Market-Reports/wearable-computing-market-125877882.html 
   2.     http://dazeinfo.com/2015/05/27/internet-mobile-phone-users-worldwide-2000-2015-report/

For further information, please contact:

 
 Tekcapital Plc                                 +1 305 200 3450 Ext 305 
  Clifford M. Gross                             info@tekcapital.com 
 
 Allenby Capital Limited (Nominated Adviser 
  & Joint Broker)                               +44 (0)20 3328 5656 
 Jeremy Porter / Alex Brearley 
 
 Optiva Securities Limited (Joint Broker)       +44 (0) 20 3137 1904 
 Jeremy King / Vishal Balasingham               jeremy.king@optivasecurities.com 
 
 Walbrook PR Ltd                                +44 (0) 20 7933 8780 
 Paul Cornelius / Paul McManus                  tekcapital@walbrookpr.com

Tekcapital plc - The World's Largest University Network for Open Innovation

Tekcapital helps clients profit from new, university-developed intellectual properties. With our proprietary discovery search engine, linked to 4,000+ universities in 160 countries, coupled with expert scientific review, we provide a turn-key service to make it easy for clients to find and acquire the IP they need to create a competitive advantage. Tekcapital plc is listed on the AIM market of the London Stock Exchange (AIM: symbol TEK) and is headquartered in Oxford, in the UK. For more information, please visit www.tekcapital.com

This information is provided by RNS

The company news service from the London Stock Exchange

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