Plymouth spin-out Pulsiv Solar secures new licence ahead of next phase of commercialisation.
Pulsiv Solar, a cleantech energy spin-out of Plymouth University, has signed a new licence with the university as it eyes up the next stage of its commercialisation.
The latest agreement covers three patent applications, which the company will incorporate into its solar panel technology. Spun out in 2013, Pulsiv is working on a prototype of a device that improves the performance of solar panels with 20% more power than traditional models.
Pulsiv also announced that it plans to raise its first round of financing in the coming months with support from commercialisation firm Frontier IP, which helped establish Pulsiv and maintains a 21% stake in the firm.
Bob Baggott, head of innovation gateway at Plymouth University, said: “The team here at Plymouth are now achieving consistent results from the technology platform, which has now been significantly enhanced with improvements in approach, enabling the filing of a further two patents relating to circuit control and dc/dc conversion. The license of the three patent families to Pulsiv Solar should significantly enhance the commercial prospects for this invention.”