NewswireTODAY - /newswire/ - London, United Kingdom, 2013/03/25 - AltEnergis has teamed up with Swansea Innovations, to take forward a novel piezoelectric energy device - AltEnergis.com.

AltEnergis, a UK-based Cleantech development and commercialisation company has teamed up with Swansea Innovations, who are responsible for the management and exploitation of intellectual property owned by Swansea University, to take forward an innovative technology invented at the University. Dr Lijie Li from the University has invented a novel device for the harvesting or capture of piezoelectric energy, which constitutes the energy generated by the application of mechanical stress to solid materials.

AltEnergis is taking over the management of the invention to continue development further and take the technology into the commercial marketplace. James Dimitriou, CEO of AltEnergis is very pleased to add Dr Li's technology to the company's portfolio and added,"We believe this technology will have a significant impact in its marketplace and hope that this is the first of many arrangements between AltEnergis and Swansea Innovations that will lead to further development of innovative technologies invented at Swansea University."

Dr Gerry Ronan, Manager of Swansea Innovations, is delighted to be working with AltEnergis and notes that this arrangement overcomes a common barrier to the commercialisation of technologies invented at the University. "At Swansea University we have a number of creative and innovative inventions that although proven in the laboratory, need significant development work before they are in a state of technological readiness that is required for investment. We have every confidence that AltEnergis will be able to take this invention forward to the benefit of all."

Agency / Source: AltEnergis

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