UTEK Corporation has sold a subsidiary - Materials Monitoring Technologies - to Material Technologies in an all-stock deal. UTEK had licensed the technology from NC A&T that was used to build a sensor array system for structural monitoring based on acoustic emissions.
Mannur Sundaresan at NC A&T developed the technology for the United States Air Force. He is a professor in the department of mechanical engineering at the university.
"We are keen about working with Material Technologies, Inc. and leveraging the strength of our intellectual property portfolio," said Doug Speight, director of Outreach & Technology Transfer at NC A&T, adds: "Our partnership enables us to leverage our sensor platform to access the civil infrastructure markets, while enabling Material Technologies to achieve a leading position in the structural monitoring space."
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