Epoch Wires Wins a Smart Award to Manufacture Low-Cost Superconducting Wire for Mass Use
CAMBRIDGE, England, Jan. 16, 2014 /PRNewswire-iReach/ -- Epoch Wires Wins a Smart Award to Manufacture Low-Cost Superconducting Wire for Mass Use.
Epoch Wires, an early-stage company specialising in designing and manufacturing superconducting wires, announced today that it has won a Smart programme award from the Technology Strategy Board, the UK's innovation agency, for the amount of £250,000.
Under the Project, Epoch Wires will conduct research and development efforts to expand its wire design capabilities for the MRI market in conjunction with building new prototypes. Previously, the company successfully completed manufacturing experiments to produce an infinitely-long Magnesium Diboride (MgB2) wire with excellent physical properties. The new wire is produced at the lowest market price at high production capacities enabling medical, and large-scale energy applications to meet mass market demand. The company plans to start commercial production in early 2014.
Dr. Serdar Atamert, founder and CEO of Epoch Wires, said "We are very excited to have won this prestigious award which will allow further research and refinement of our infinitely-long wire production." He added "Such research efforts are at the core of producing versatile products that can be used in a number of energy applications."
With a core research team anchored by Prof. Bartek A, Glowacki, director of Epoch Wires and Professor at the University of Cambridge, and Dr. Michael Cheadle, an expert in cryo-cooling systems, Epoch Wires is well positioned to design and manufacture magnesium diboride wires along with its own proprietary cryo-cooling systems to offer the market a more complete package of solutions.
Dr. Riza Berkan, Chairman of the Board of Directors, said "Receiving the Smart award is an independent validation point that tells us we are on the right track." He concluded "In the world of superconductivity, there is no going back from the most affordable option enabled by the magnesium diboride wire."
About Technology Strategy Board
The Technology Strategy Board is the UK's innovation agency. Its goal is to accelerate economic growth by stimulating and supporting business-led innovation. Sponsored by the Department for Business, Innovation and Skills (BIS), the Technology Strategy Board brings together business, research and the public sector, supporting and accelerating the development of innovative products and services to meet market needs, tackle major societal challenges and help build the future economy. For more information please visitwww.innovateuk.org. The Smart programme is managed by the Technology Strategy Board, It offers funding to small and medium-sized enterprises (SMEs), with potential and ambition for growth, to engage in R&D projects in the strategically important areas of science, engineering and technology, from which successful new products, processes and services could emerge. http://www.innovateuk.org/deliveringinnovation/smart.ashx
About Epoch Wires, Inc. Epoch Wires, Inc., is an early-stage company specializing in manufacturing superconducting wires using environmentally friendly, abundant, and cheap materials, namely Magnesium Diboride (MgB2). The company's patent pending technology offers high capacity production of infinitely long wire at the lowest market price of all superconducting wires. The company's vision is to bring superconductivity to the masses with countless benefits in energy transmission, energy storage, power generation, fusion reactors, accelerators, magnetic resonance imaging (MRI), magnetic levitation, and space applications. More information can be found at EPOCHWIRES.com.