September 27, 2011 (Thuwal, Saudi Arabia): King Abdullah University of Science and Technology (KAUST) and the University of Toronto (U of T) have signed a first-of-its-kind license agreement for rights to quantum dot solar cell technology coming out of the U of T.
Developed by Dr. Edward Sargent, Canada Research Chair in Nanotechnology at the U of T, Canada's premier research university, the technology uses quantum dots to convert the sun's power efficiently into electrical energy. Dr. Sargent's work has been funded by KAUST since 2008 as part of its Global Collaborative Research Program.
This technology has made great strides towards the goal of breaking the present-day constraining paradigm between high efficiency and low cost in solar cells. "Dr. Sargent has established himself as one of the world's leaders in developing innovative approaches to the provision of solar power and has the potential to have a positive impact on millions of people," said Professor Peter Lewis, Associate VP of Research at U of T. As a result of the potential of this research discovery, a technology licensing agreement has been signed by U of T and KAUST, brokered by MaRS Innovations, which will enable the global commercialization of this new technology.
To read the full, original article click on this link: King Abdullah University of Science and Technology | Media | Press Release
