- Tekcapital has acquired the exclusive license to an additional energy harvesting technology from the University of Michigan.

The patent application, entitled "Energy Harvesting from Constrained Buckling of Piezoelectric Beams" U.S. Serial No. 62/204,695, covers additional scientific developments that have been made subsequent to Tekcapital's initial energy harvesting technology license from the University of Michigan announced on 29 June 2015.

The patent application will seek to protect a novel design for a subliminal, in-shoe energy-harvesting device which may be used to generate power from walking, running and jumping for recharging mobile devices.

According to a recent research industry analyst report the total addressable market for wearable computing devices is forecast to reach up to $34.6 billion by 2020, with a CAGR ~ 20%.

The directors of Tekcapital believe that most of the devices in this segment could potentially benefit from portable energy harvesting technology that generates power from human movement.

Additionally, there are currently approximately 2 billion smartphone users worldwide who they believe could also potentially benefit from energy harvesting technology.

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