- Tekcapital has out-licensed the exclusive worldwide rights to its portfolio of nine patents for the improvement of air conditioning efficiency, and has formed a Strategic Alliance with Wecast Technology Group.

"We are excited to have exclusively out-licensed our portfolio of AC patents developed by the University of Central Florida," said executive chair Clifford Gross in a statement.

"We are also enthusiastic to be working with the Wecast Technology Group to bring a wide variety of additional university technologies to the marketplace. We believe that this alliance has the potential to expand the market for university developed IP."

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