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Duraswitch, UTEK Form Strategic Alliance Agreement for Technology Transfer
January 27, 2003 |Estimated reading time: 1 minute
Phoenix and Plant City, Fla. -- Duraswitch Industries Inc. and UTEK Corp. have signed a Strategic Alliance Agreement.
The goal of the alliance is to have UTEK identify unique technology acquisition opportunities for Duraswitch and when appropriate, use its U2B model to enable Duraswitch to acquire licenses to these technologies in exchange for stock. Duraswitch's licensee network spans the globe, including the United States, Canada, Europe and Southeast Asia, offering a diverse range of manufacturing capabilities and broad base of customer relationships.
UTEK creates value for universities and laboratory research centers by finding, acquiring and transferring university intellectual capital to commercial partners. Technology firms benefit from having the opportunity to commercialize new technologies developed outside their organizations by universities and government laboratories.
Duraswitch is an innovator in the design and development of electronic switch technologies. Licensing its intellectual property to established switch manufacturers and OEMs, Duraswitch brings together its expertise in switch design with their marketing and manufacturing capabilities to commercialize the technology for a wide range of commercial and industrial controls. For more information, visit www.duraswitch.com.
UTEK Corp. is an innovative technology-transfer company dedicated to building bridges between university-developed technologies and commercial organizations. For more information, visit www.utekcorp.com.