UK-based Advanced Power Components (APC) may have hit the jackpot by signing a licensing deal with KVAR Energy Savings Corporation. KVAR holds a patent for the method and apparatus used to optimise the performance of electrical motors, thereby minimising the electricity required for operation. The efficiencies achieved result in a significant reduction in energy consumption and substantial cost savings.
Under the terms of the licensing agreement, APC will be responsible for the manufacture and distribution of KVAR’s product range in all markets outside North and South America
. APC has redesigned the products to comply with CE requirements and the business strategy for the deployment of the technology, into both commercial and domestic markets, is in the final stages of development. The initial roll-out is to be focused on Europe, the Middle East and Australasia. APC has set up a new division, APC KVAR, to manage this operation.The rapid adoption of such technologies is driven by legislation being introduced around the world regarding the reduction of carbon emissions. The Kyoto Protocol has been ratified by the G8 and more than 180 nations, which are working to reduce emissions to 5.2% below the 1990 baseline by 2012.
Mark Robinson, CEO of Advanced Power Components, commented: "At a time when companies and individuals are increasingly looking to reduce their energy costs and carbon emissions, this deal with KVAR will give APC access to a rapidly growing market. APC is delighted to be working with KVAR and looks forward to applying the technology to markets across the globe.
Added Steve Fish, CEO of KVAR Energy Savings Corporation, "We are delighted to have formalised this agreement with APC. Over the past year, KVAR's sales in north American have grown by close to 600 per cent and we expect this growth to accelerate as APC makes our technology available to the rest of the world."
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