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Epoch Wires Wins a Capital Grant from Low Carbon KEEP Small Business Funding

April 29, 2014

CAMBRIDGE, UK, April 29, 2014 /PRNewswire-iReach/ — Epoch Wires Wins a capital grant from Low Carbon KEEP Small Business Funding to pursue R&D activities in manufacturing Low-Cost Superconducting Wire for Mass Use.

Photo – http://photos.prnewswire.com/prnh/20140429/81632

Epoch Wires, an early-stage company specialising in designing and manufacturing superconducting wires, announced today that it has won a capital grant from Low Carbon KEEP Small Business Funding as the SME partner of The Applied Superconductivity Research Group in the Materials Science and Metallurgy Department at University of Cambridge. The capital grant covers 40% of eligible project costs as well as funds up to 40% of the costs of purchasing capital items.

Under the Project, Epoch Wires will conduct research and development efforts to design and manufacture superconductive cables carrying a very high DC power to replace the conventional electrical distribution bus in high power density applications, such as data centres. 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 2014.

Dr. Serdar Atamert, founder and CEO of Epoch Wires, said “We are very pleased to have won this grant which will facilitate development of our infinitely-long wire production.” He added ” This project aims to design and manufacture low cost MgB2 based superconductive DC cables, which simplify the installation electrical network and eliminate a number of AC/DC conversions and power losses due to ohmic resistance in data centres as well as in other high energy demanding applications.” The project will investigate the feasibility of the wire in application to the new data centre under construction in University of Cambridge.

About Low Carbon KEEP

The Low Carbon KEEP (Knowledge-East of England-Partners) programme aims to support East of England businesses to innovate and grow through University partnerships and knowledge transfer. Funded by the European Regional Development Fund (ERDF), the Low Carbon KEEP grant covers 40% of eligible project costs as well as funds up to 40% of the costs of purchasing capital items, such as essential equipment or software, and revenue funding which are fundamental to the success of a Low Carbon KEEP project.

RELATED LINKS

http://www.anglia.ac.uk/ruskin/en/home/microsites/low_carbon_keep.html

About Epoch Wires

Epoch Wires is an early-stage company specializing in manufacturing superconducting wires using environmentally friendly, abundant, and cheap materials, namely Magnesium Diboride (MgB(2)). 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, data centres, fusion reactors, accelerators, magnetic resonance imaging (MRI), magnetic levitation, and space applications. More information can be found at EPOCHWIRES.com.

Media Contact: Riza Berkan, Epoch Wires Inc, 917-374-6608, riza.berkan@epochwires.com

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SOURCE Epoch Wires, Inc.

RELATED LINKS

http://www.epochwires.com

Media Contact: riza berkan, Epoch Wires Ltd., 917-374-6608, riza.berkan@epochwires.com

News distributed by PR Newswire iReach: https://ireach.prnewswire.com

SOURCE Epoch Wires, Inc.


Source: PR Newswire



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