Spider9 to License Intellectual Property to SAMSUNG ELECTRONICS
Northville, Mich. (PRWEB) January 08, 2015 -- Spider9, an advanced energy storage and controls company, announced today a technology licensing agreement with Korean industrial conglomerate Samsung Electronics (“Samsung”) for use of the company’s proprietary Energy Operating System (OSE) technology. The agreement opens the door for the first application of OSE technology outside of the stationary energy storage market.
Spider9’s patented OSE technology was developed to improve the reliability, useful life, and commercial value of battery systems used for stationary energy storage applications. To date, the company has developed full-system energy storage solutions to be deployed for renewable energy integration, electricity cost reduction, power quality enhancement, and other applications at residential, commercial and utility scales.
“OSE allows us to reduce the lifetime costs of battery-based storage by up to 40%,” said Spider9 CEO, Glynne Townsend. “We see this agreement with Samsung as validation that our technology has real and far-reaching value to the battery market, both inside and outside of the stationary energy markets.”
The foundational technology behind OSE was originally developed at the University of Michigan’s Real-Time Computing Laboratory. Since it’s founding in 2011, Spider9 has maintained exclusive rights to this technology and has independently led its development and commercialization. The new license agreement provides Samsung with access to the foundational technology and rights to its use in selective markets.
About Spider9, Inc.
Spider9, Inc. is a Northville, MI-based company that provides energy storage with industry-leading reliability and performance through their advanced energy storage system controllers. Led by a team of former Fortune 500 executives, Spider9 was founded with the goal of decreasing the cost and increasing the viability of energy storage. For more information on Spider9, please visit http://www.spider9.com.
Ashley Carley, 248.880.6695, [email protected]
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