Tech Transfer eNews Blog

Coretec Industries licenses silicon-based technologies from North Dakota State

By David Schwartz
Published: July 6th, 2016

Coretec Industries, a global developer of energy technologies, has licensed a portfolio of silicon-based materials from North Dakota State University (NDSU).

Under the agreement signed with the NDSU Research Foundation, Coretec, which is currently completing a merger with 3DIcon Corporation, will fund a team of scientists led by Dr. Phil Boudjouk to support further development and commercialization of silicon-based technologies related to energy storage, solar power, microelectronics and printable electronics.

The agreement provides Coretec with access to 11 existing and 3 pending patents on global intellectual property, with the option to acquire exclusive licensing rights to an added 16 patents within the next 18 months.

“There is vast potential in terms of applications of the technology,” says Coretec cofounder Simon Calton. “We seek to generate immediate revenue for the company and build long term partnerships with manufacturers.”

Dale Zetocha, Executive Director of the NDSU Research Foundation, comments, “The licensing of this significant portfolio of silicon-based technologies, developed after years of research at NDSU, represents a great opportunity for these technologies to be further developed and commercialized for a number of different industry applications.

“In addition,” Zetocha continues, “licensing of these technologies to Coretec further supports technology-led research and economic development in North Dakota.”

Source: Marketwired

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