UTRF, Peroxygen Systems execute license

UTRF NewKnoxville start-up Peroxygen Systems Inc., winner of the 2016 “Tennessee Venture Challenge,”  has entered into a licensing agreement with the University of Tennessee Research Foundation (UTRF) to commercialize the onsite hydrogen peroxide production process.

Since winning the April competition, the start-up has pilot-tested a medium-size prototype that produced a 50 percent savings over the traditional option currently available and secured a U.S. Department of Energy ARPA-E grant for $500,000 in seed funding that will advance its efforts to bring a solid prototype to market.

For more information, you can read the announcement from UTRF (utrf-peroxyhen-systems-license) and also click here to read our April article on the company.

Tom Ballard

By Tom Ballard, Chief Alliance Officer,
Pershing Yoakley & Associates. P.C.

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