Sheffield spin-out Perlemax signs licensing agreement with US-based support services group AECOM.

Perlemax, a University of Sheffield spin-out, has signed a licensing agreement with support services group AECOM for the treatment of waste water.

Under the terms of the deal, AECOM will have access to Perlemax’s energy efficient micro-bubble technology which transfers oxygen to waste water. Fusion IP, the commercialisation unit of Sheffield with a 35% stake in the spin-out, said that plants with the technology installed could expect to make energy savings of between 20% to 40%.

Financial terms of the deal were not disclosed.

David Baynes, Fusion’s chief executive, said: “Perlemax is a business at an early stage of development, but is typical of the quality of the technologies emerging from our partner universities.”