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Connectivity / HaloIPT acquisition good news for the environment
The fact that a major global player with the scale and reach of Qualcomm is now promoting the innovative induction charging technology developed by the University of Auckland and Arup through HaloIPT is a tremendous boost for the potential of low carbon transport around the globe.
The deal is significant for more than that though.
The acquisition represents a clear financial success story for those who put their faith in the concept at an early stage and, quite rightly, Uniservices (Auckland University’s commercialisation vehicle), Arup, the Trans Tasman Commercialisation Fund, the New Zealand Venture Investment Fund and HaloIPT’s advisors, Innovator Capital and Covington & Burling, will all benefit from the transaction.
But the deal’s success should be measured in more than pounds and pennies. Not only does it stand as a testament to the ingenuity and commitment of Dr Anthony Thomson’s tremendous team in Auckland, and the Arup Advanced Technology & Research contingent within HaloIPT, but it also highlights the key role that Arup can play in working with global partners to get good ideas firmly into mainstream markets.
Far too often, good ideas founder on the rocky road from drawing board to real world application. It takes vision, commitment and a lot of sheer hard work to make the leap from neat idea to polished, market-ready product.
In this case, Arup helped forge a great team to clear the many hurdles new technology faces in that process.
At the same time, we have successfully married our commitment to building toward a low carbon society with the commercial success of promoting the HaloIPT technology.
In this way, the group really has lived up to its promise to ‘shape a better world’.
A question that often gets asked within Arup is “how do we translate thought leadership and technological expertise into practical solutions?”
HaloIPT provides an answer to that question. The really good news is that it is just one answer.
Today, Arup is fully committed to harnessing new ideas from our knowledge networks and remains committed to investing significant sums in our strategic development in 2011/2012, even in the face of global economic uncertainty.
This is a bold and confident commitment in the future.