TAMPA, FL. & SANTA BARBARA, CA /BUSINESS WIRE/ -- UTEK Corp., an open innovation company focused on technology transfer, and MachineTalker Inc., a company that develops smart security networks, are pleased to announce that MachineTalker has acquired Micro Wireless Technologies Inc., a wholly owned subsidiary of UTEK, in a stock transaction.
Micro Wireless Technologies Inc. has the worldwide exclusive license to a technology developed by researchers at the University of South Florida (USF). USF scientists have developed a technique that embeds physical and chemical property-sensing capabilities within RF transmission systems, thereby taking a direct conversion approach to micro-wireless sensing technology. This environmental sensor has the potential to combine traditional sensor and telemetry capabilities into one function.
"We are very excited about working with MachineTalker as they help to develop and commercialize our technology," said Jaideep Rajput, Licensing Manager at the University of South Florida.
Assessing the value of this new wireless sensor, MachineTalker's President Roland Bryan said, "The addition of these telemetric micro-sensors will permit the formation of wireless clusters of sensors around each MachineTalker to monitor and process patterns of change at a remote location. Each Talker can analyze its own sensor data and can make local decisions or share content with other Talkers as an intelligent node on a wireless mesh network. We believe that with this technology our customers will be able to deploy small detectors, serviced by a local processor, as part of a larger network for monitoring intrusion or environmental changes."
"UTEK is pleased to consummate this technology transfer with MachineTalker," said Joel Edelson, Vice President of Technology Licensing at UTEK Corp.
About USF
The University of South Florida is one of the nation's top public research universities and one of 39 community-engaged public universities as designated by the Carnegie Foundation for the Advancement of Teaching. USF was awarded more than $300 million in research contracts and grants last year. The university offers 219 degree programs at the undergraduate, graduate, specialist, and doctoral levels, including the doctor of medicine.
About MachineTalker
MachineTalker Inc. has developed a unique technology—smart security networks that allow governments, businesses, and individuals to rapidly deploy wireless security networks and tracking systems to protect people, places, and things. The company's proprietary technology enables the wireless networking of intelligent devices for shared processing and reporting of data in remote security and control applications.
About UTEK
UTEK Corp. is an open innovation company focused on technology transfer. UTEK's services enable companies to acquire externally developed technologies from universities and research laboratories worldwide. In addition, UTEK provides services to help companies create value from their intellectual property. UTEK is a business development company, with operations in the U.S., U.K., and Israel.