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The licensing and use of transparent transistors that were developed at Oregon State University and Hewlett Packard have been recognized nationally with a "Deals of Distinction" award from the Licensing Executives Society.
Following the creation of this innovative technology that may have a range of electronics applications, HP licensed its use to Xtreme Energetics, a solar energy system developer in California. That company is working to create solar energy systems that can generate electricity at twice the efficiency and half the cost of traditional solar panels.
"HP's license and technology collaboration agreement with Xtreme Energetics exemplifies how a global technology company finds a way to speed up its deployment of advanced technology through a business and technology development partnership," said Bob Payne of IP Licensing Advisors LLC, co-chair of the Deals of Distinction program.
The award was just made at the annual meeting of this organization in San Francisco.
OSU engineers and chemists have been pioneers in the development of transparent electronics, with research programs that produced both the first functioning transparent thin-film transistors and transparent integrated circuits.
As an evolution of those programs, OSU researchers in the College of Engineering and College of Science recently received a five-year, $3 million grant to help form a "Center for Inverse Design." This innovative concept uses theory and computation along with other experimental methods, and will continue to identify the advanced materials that can make solar power less costly and more efficient.
That initiative is one part of an Energy Frontier Research Center announced earlier this year by the U.S. Department of Energy and the White House - a $777 million effort to create breakthrough technology for a 21st-century energy economy.
The new award is also a reflection of growing technology transfer programs at OSU. This year technology transfer efforts resulted in more than $2.71 million in licensing receipts for the university, up from $2.57 million last year and triple what it earned annually just 10 years ago. Since 2003, OSU licenses have generated nearly $15 million in revenue.
About Oregon State University
The OSU College of Engineering is among the nationís largest and most productive engineering programs. In the past six years, the College has more than doubled its research expenditures to $27.5 million by emphasizing highly collaborative research that solves global problems, spins out new companies, and produces opportunity for students through hands-on learning.
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