LONDON (Alliance News) - Technology and intellectual property services company Tekcapital PLC Friday said it has acquired, via a share issue, the exclusive worldwide licensing rights to a portfolio of nine patents for the improvement of air conditioning efficiency from the University of Central Florida.
The licensed patents include a range of nine high efficiency air conditioner condenser fan and twisted fan blade products.
The system, which incorporates a condenser fan design that is based on aircraft propeller design elements, is aimed at improving the efficiency of central air conditioning systems and is designed to achieve up to a 25% efficiency improvement in condenser fan operations, compared with existing air conditioning units.
The technology portfolio, developed and tested by the University of Central Florida research department, has the potential to be incorporated into both new and existing air conditioning systems, said the company.
Tekcapital said it will issue 69,800 new shares to the University of Central Florida for the acquisition of the exclusive license to the portfolio of nine patents. Shares in Tekcapital trade 9.3% up at 47.00p Friday on the news, making the issuance worth GBP27,920.
"We are pleased to have licensed this excellent portfolio of energy efficient air conditioning patents to Tekcapital, an international provider of technology and intellectual property services," said University of Central Florida Office of Technology Transfer Director Svetlana Shtrom.
"We are excited to have agreed to acquire the exclusive license to this important portfolio of patents from the University of Central Florida. We look forward to working towards commercializing this technology with leading, forward thinking technology companies that can benefit from improving their products with these advanced energy efficient, air conditioning technologies," said Tekcapital Executive Chairman Clifford Gross.
By Preten Patel; pretenpatel@alliancenews.com
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