Tekcapital plc
("Tekcapital" or "Company")
New Patent Application
Tekcapital plc (AIM: TEK), an international provider of technology and intellectual property services, announces that it has filed patent applications in the US and under the Patent Cooperation Treaty (PCT) for a technology that the directors believe has the potential to be commercialised into a unique portable energy harvesting device. Tekcapital has also filed a trademark registration under the name MojeTM for this new technology.
MojeTM is intended to be a small, wearable device that will enable energy harvesting from everyday human activities such as walking, hiking, running and jumping. The portable device would incorporate a novel, dual-mode, low frequency mechanism that generates a current that could be used to potentially recharge a variety of mobile electronic devices. These new patent applications are in addition to two previously acquired intellectual properties, announced on 29 June 2015, which are being applied to capture energy from subliminal, in-shoe devices during walking or running. However, MojeTM and its underlying patent applications represent an independent intellectual property to that which was acquired in June 2015, and addresses energy harvesting in a significantly different way.
The directors believe that energy harvesting from human motion to power mobile devices is poised to become a major new product category. Should Tekcapital's new energy harvesting technology be successfully commercialised, then the directors believe that it will make a meaningful contribution to shareholder value for the Company.
This patent application will extend the Company's intellectual property estate to 28 properties, either controlled under either exclusive license or via ownership.
Commenting on the announcement, Clifford M. Gross, Ph.D., Executive Chairman of Tekcapital plc, said:
"We have seen an exponential rise in the market for smart phones in recent years and we believe wearable technology, which is at an early stage in terms of mainstream adoption, is likely to experience similar growth trends. However, one of the key barriers to widespread adoption is clearly battery life."
"Pending successful testing and commercialisation, Tekcapital's Moje™ could significantly extend battery life though harvesting energy from everyday human activities such as walking, hiking, running and jumping, giving users the power to recharge a battery whilst on the move, which would otherwise run out of power."
Enquiries:
Tekcapital Plc |
+1 305 200 3450 Ext 305 |
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Clifford M. Gross |
[email protected] |
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Allenby Capital Limited (Nominated Adviser & Joint Broker) |
+44 (0)20 3328 5656 |
Jeremy Porter / Alex Brearley |
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Optiva Securities Limited (Joint Broker) |
+44 (0) 20 3137 1904 |
Jeremy King / Vishal Balasingham |
[email protected] |
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Walbrook PR Ltd |
+44 (0) 20 7933 8780 |
Paul Cornelius / Paul McManus |
[email protected] |
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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
