SuperPower, Inc. and UH sign High Temperature Superconducting Wire license agreements

News Release
UNIVERSITY OF HOUSTON
Office of External Communications Houston, TX 77204-5017 
___

FOR IMMEDIATE RELEASE

March 30, 2010
 
Contact: Melissa Carroll 
Office 713/743-8153
Cell 832/489-5844
Fax: 713/743-8199
mcarroll@uh.edu

SUPERPOWER, INC. AND UH SIGN HIGH TEMPERATURE SUPERCONDUCTING WIRE LICENSE AGREEMENTS

HOUSTON, March 30, 2010 – The University of Houston executed two license agreements with SuperPower, a wholly-owned subsidiary of Royal Philips Electronics. One agreement covers the intellectual property on second-generation (2G) high temperature superconductor (HTS) wire that is developed under the Sponsored Research Agreement (SRA) previously executed between the two parties. This sponsored research program is led by Dr. Venkat Selvamanickam, M.D. Anderson chair professor of mechanical engineering and the director of the Applied Research Hub of the Texas Center for Superconductivity at the University of Houston (TCSUH). The second agreement covers the fundamental composition of matter patent of high temperature superconductor that was discovered by Paul Chu in 1987 at the University of Houston.

“For the past several years we have partnered closely with the Texas Center for Superconductivity and the University of Houston on our wire development efforts. The execution of both the Sponsored Research Portfolio License Agreement and the Chu Patent License Agreement with the university enables SuperPower to continue to advance in the development of world-class 2G HTS wire for a broad range of applications by providing rights to the basis intellectual property in the field,” said Arthur P. Kazanjian, general manager of SuperPower. “The SRA in particular further binds the already strong relationship between SuperPower and the university that began when Dr. Selvamanickam joined the university in 2008 and moved from being SuperPower vice president and chief technology officer to the role of chief technology advisor.”

Gérard van Spaendonck, senior vice president and chief financial officer, Imaging Systems, Philips Healthcare, added, “the protection afforded SuperPower through these agreements will cover the ongoing SRA development work of SuperPower scientists and university students and staff that is being led by Dr. Selvamanickam. In our drive to get the product into a state of commercial readiness, this work, which fully complements the strong base of intellectual property built by SuperPower over the past ten years, is essential to meeting the demanding customer requirements.”

“The licensing agreements demonstrate the high value placed by industry on the cutting-edge research at the University of Houston, especially in the energy and medical fields, and is another indication of tier-one quality research that is being conducted by our faculty,” said University of Houston President Renu Khator. “We are excited about the opportunity of industry commercializing high temperature superconductor materials and technology that are products of University of Houston research.”

The University of Houston and SuperPower are partners in the recently announced $3.5 M Emerging Technology Fund award from the state of Texas to create the Applied Research Hub of TCSUH, as well as in the recently awarded $10.6M Smart Grid Fault Current Limiting Superconducting Transformer Demonstration program funded by the U.S. Department of Energy.

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About the University of Houston
The University of Houston, Texas’ premier metropolitan research and teaching institution, is home to more than 40 research centers and institutes and sponsors more than 300 partnerships with corporate, civic and governmental entities. UH, the most diverse research university in the country, stands at the forefront of education, research and service with more than 37,000 students.

For more information about UH, visit the university’s Newsroom at http://www.uh.edu/news-events/.

Furukawa Electric Co., Ltd.
SuperPower Inc. is subsidiary
of Furukawa Electric Co., Ltd.
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