Wednesday, 17 February 2016 12:48

Redback, UQ collaboration sets platform for commercialisation

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Energy storage provider Redback Technologies is collaborating with the University of Queensland (UQ) in a move aimed at accelerating the global commercialisation of Redback’s existing technology.

Redback today announced it had signed a Memorandum of Understanding (MOU) with the university’s commercialisation company UniQuest, which has taken an equity position with Redback in return for exclusive licences to UQ technologies developed under a research partnership agreement.

The partnership agreement will see joint projects expanded and the rapid commercialisation of UQ’s energy storage research insights from various disciplines across the university, including engineering, science, computer science and economics.

Redback’s founder and Managing Director, Philip Livingston said the UQ/ Redback partnership further cements UQ’s position as a leader in innovative renewable energy research.

Under the agreement, Redback will be able to access UQ’s solar energy assets for testing and demonstration purposes.

Livingston, said the company’s decision to locate itself in Queensland had proved highly successful.

“Establishing ourselves at ilab has really helped us maintain an innovative start-up culture while accessing the research excellence with UQ. ilab is a fantastic initiative the Queensland State Government and UQ and has been proven successful in fostering and attracting start-up innovation to Queensland.”

UniQuest CEO Dr Dean Moss said the partnership highlighted UQ’s flexibility and readiness to engage with industry.   “This is a real partnership demonstrating UQ’s commitment to support the entrepreneurial SME's that are shaping the world's future."

“With the support of UniQuest/ilab, Redback established itself in Queensland and began its impressive path to growth. By drawing on UQ’s research excellence and expertise, we’ll continue to collaborate with the view to converting research discoveries into exciting, innovative new products that create change.”

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Peter Dinham

Peter Dinham is a co-founder of iTWire and a 35-year veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

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