UTRF, Peroxygen Systems execute license
Knoxville 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 teknovation.biz article on the company.
