Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


UC sells stake in green market car technology company

UC sells stake in green market car technology company Arcactive

December 6, 2012

The University of Canterbury (UC) has sold its equity stake in high-tech company Arcactive Ltd to a group of existing shareholders for an undisclosed sum.

Arcactive is a UC spin-out company which has developed a lead carbon battery for micro hybrid cars.

Bill Lee, the commercial director of Research and Innovation at UC, said the equity sale allowed Arcative to take control and drive the company forward, which was consistent with UC’s philosophy of transferring ideas to the commercial world at an early opportunity.

UC technology enabled Arcactive to develop a continuous system for the production of carbon nanotubes and activated carbon. The result is a highly transformed carbon fabric that can be used in a number of products.

Arcactive is focusing on negative electrodes for lead acid batteries for use in start/stop vehicles. The batteries enable automakers to be competitive and significantly improve fuel economy compared to the absorbed glass mat batteries.

The company recently won the international award for excellence in the field of environmental technology research at this year’s international CleanEquity conference in Monaco.

ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Budget Building Battle: Bill English Blames Council On Housing

The Nation: Finance Minister blames Auckland Council for housing shortage, saying it is responsible for land, housing and infrastructure supply in the city, while government provides rental subsidies... More>>

ALSO:

Megiaglommeration: NZME And Fairfax Apply For Authorisation To Merge

The Commerce Commission has received an application from Wilson and Horton Limited (trading as NZME) and Fairfax NZ Limited seeking authorisation to merge their media operations in New Zealand. More>>

ALSO:

Brewing: Lion To Buy Cult Upper Hutt Brewer Panhead

Lion - Beer, Spirits and Wine (NZ), New Zealand's biggest beer maker, has agreed to buy Panhead Custom Ales from the family of founder Mike Neilson, its second such purchase of a popular craft brewer after the acquisition of Dunedin-based Emerson's Brewing Co in 2012. More>>

ALSO:

Half Empty: Fonterra's 2017 Opening Forecast Below Expectations

Fonterra Cooperative Group raised its forecast farmgate milk payout for next season by less than expected as the world's largest dairy exporter predicts lower prices will crimp production and supply will pick up. The New Zealand dollar fell. More>>

ALSO:

Pest Control: Mouse Blitz Team Leaves For Antipodes

The Million Dollar Mouse project to rid Antipodes Island of mice is underway with the departure of a rodent eradication team to the remote nature reserve and World Heritage Area. More>>

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news