University transforms car travel worldwide
Associate Professor Grant Covic (left) with Professor John Boys. In by far the most significant technology transfer deal ever achieved by a New Zealand university, car travel worldwide is set to be transformed by revolutionary technology developed by The University of Auckland. In a multi-million dollar deal, Qualcomm, a major US research and development company specialising in wireless communications, has acquired exclusive rights in and to certain wireless electric vehicle charging technology developed by The University of Auckland. Electric vehicles are predicted to begin an accelerated penetration into the automotive market traditionally dominated by internal combustion engines, by 2015. Inductive Power Technology (IPT) was pioneered by Professor John Boys and Associate Professors Grant Covic and Udaya Madawala from the University’s Power Electronics Group. They have led the world in developing systems to transmit electric power efficiently across air gaps without using wires. Qualcomm also acquired the assets and technology of spinout company HaloIPT. The company was set up in a partnership with international engineering firm Arup, the TransTasman Commercialisation Fund and the New Zealand venture Investment FundÕs SCIF program to develop IPT technology commercially for cars by building prototypes, establishing standards and making the technology reliable. HaloIPT’s staff has joined Qualcomm. The University of Auckland and Auckland UniServices Ltd, the University’s commercial arm, will use the funds generated from the transaction to invest in further research and commercialisation, as well as sharing a portion with the inventors in line with the University’s intellectual property policy. Qualcomm was impressed by the quality of research at the University and through UniServices will provide ongoing support for IPT research at the University. University Vice-Chancellor and Chair of the UniServices Board, Professor Stuart McCutcheon, said IPT technology, now set to reduce the cost and environmental impact of motoring on a massive scale, had started […]