MicroPower Plans for Future Production – New Agreement with Texas State University

MicroPower Global has announced a new agreement with Texas State University that will facilitate the company's transition to early manufacturing through the use of a production tool ideally suited to its needs.

Online PR News – 10-July-2013 – San Marcos, Texas – MicroPower Global today announced a new agreement with Texas State University granting the company exclusive use of a Molecular Beam Epitaxy (MBE) system. In due course, this will enable the company to commence production of its advanced semiconductor chips which convert heat directly to electricity three times more efficiently than ever before.

The MBE tool, a V100 system which has two operating chambers, will continue to be owned by the University with MicroPower paying a monthly fee once operational. Total production capacity using both chambers would be approximately 1.3 million cm² worth of MicroPower Chips annually, double the initial capacity that the company had projected.

With assistance from University professors Dr Tom Myers and Dr Ravi Droopad, it is expected that the MBE tool will be moved by the end of the summer, from its present location on campus to the company’s premises at Texas State’s new Science, Technology and Advanced Research (STAR) Park.

In addition, MicroPower has also agreed terms with the University for the operation of a new research chamber which is due to be installed this month on the development MBE system in the Roy F. Mitte science building on campus, which is currently used for the growth of ”barriers” on MicroPower Chips. This will significantly accelerate development capabilities.

“These agreements provide us with a great opportunity to accelerate our development, and in the near future to move seamlessly into production with much less capital expenditure than is typically associated with the transition to manufacturing,” commented Max Lewinsohn, MicroPower’s Chairman.

“There is significant demand for our energy conversion technology,” he added. “Our key challenge at this stage is to secure the necessary funding to enable us to ramp up our operations and be able to cater for the high level of interest we are experiencing.”

“We are pleased to continue our relationship with MicroPower as the company enters an exciting new phase,” added Dr Bill Covington, Chief Research Officer for Texas State University. “The level of commercial experience on offer to students is important to us, and several of our graduates have already become full-time MicroPower employees – as the company grows we very much hope this trend continues.”

As well as pursuing traditional forms of financing, MicroPower is also planning a Crowdfunding campaign, to give members of the public, who are interested in energy savings and reducing emissions, the opportunity to support the venture. The company plans to launch this campaign on Kickstarter (www.kickstarter.com) on July 15th.

About MicroPower

MicroPower Global is a private company which is developing the next generation of thermoelectric devices for use in the areas of energy conservation, energy harvesting and refrigeration. The new MicroPower semiconductors (“chips”) can efficiently and cost-effectively convert heat, including waste heat, directly into electricity, leading to significant energy savings in a number of industrial and consumer applications.

A MicroPower chip builds on standard thermoelectric principles in a novel way to deliver breakthrough levels of efficiency. The original discovery was made in 2000 and good progress on developing the technology was made over a number of years before MicroPower acquired the IP in 2008 and the prospect of commercial products became a reality, with recent work enabling significantly greater efficiency, a broader temperature range and a low cost manufacturing process.

The ability to harvest heat at temperatures ranging from 200°C to 600°C will make MicroPower chips the new thermoelectric standard for waste heat recovery. The current thermoelectric market is relatively small at approximately $300 million annually but MicroPower will be able to open up already identified new global markets worth many billions annually. Its cutting-edge technology has been patented internationally and independently verified.

MicroPower first formed a working partnership with Texas State University in 2009 to develop prototype chips at the university’s Multifunctional Materials Laboratory building in San Marcos.

For further information, visit our website at www.micropower-global.com at, find us on Facebook at www.facebook.com/MicroPowerGlobal or follow us on Twitter @MicroPower_News.

About Texas State University’s STAR Park

The Science, Technology and Advanced Research (STAR) Park is a 38 acre site which hosts Texas State’s first building, STAR One, dedicated to the University’s research and commercialization efforts. STAR One, a 20,000 square feet facility, serves as a technology accelerator for start-up and early-stage businesses, and provides tenants access to secure wet labs, clean space, conference room, and office space.

The Incubator Program is designed to foster the development of new commercial ventures related to Texas State technologies in applied research. This building houses 'spin-offs' from research conducted and intellectual property generated by University faculty, and 'spin-ins' from companies that want to strategically work with the University.

The overall goal of the Incubator Program is to provide space and infrastructure to expedite research and commercial development of promising technologies in the context of viable, well managed, start-up companies.

By bringing together a critical mass of university and private sector specialists, the Incubator Program becomes a magnet for scientific expertise, novel problem solving, and successful commercial ventures. The Incubator Program is particularly interested in supporting companies which have established research relationships with Texas State, or which have an interest in, and potential for, initiating such relationships.

For further information, see www.txstate.edu/starpark

ENDS

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Contact Information
Tristan Lewinsohn
MicroPower Global
Star One 3055 Hunter Road
San Marcos Texas, 78666

512 245 3647