UVU signs licensing agreement with California-based technology company
Tiffany Frandsen | Deputy managing editor | @tiffany_mf
Brooks Benson, UVU student and son of the chairman and CEO of a California technology company approached his father to ask him for permission to talk to UVU President Matthew S. Holland about a new technology the company, eSurface, had developed. That conversation led to a licensing agreement between eSurface and UVU.
The agreement is valued at $400,000 and will give UVU’s College of Technology & Computing department access to eSurface’s patented technology for developmental and educational purposes. In addition, UVU will be allowed to publish white papers and reserve commercial rights on intellectual property on any work generated from the technology.
The technology makes it possible for circuits and electronic components to be added to materials like plastic, ceramics, cloth, glass, foam, and others. The process metalizes the surface being worked with (regardless of size, material or shape); which then gives it the flexibility for exploring new product designs.
eSurface is based in Carlsbad, Calif., but as part of the agreement, will work with UVU to open an office in Utah. Michael J. Savoie, PhD., Dean of the UVU College of Technology & Computing, worked with Benson at eSurface on the deal.
“What I learned from this process that I think is significant is that Dean Savoie is building a powerhouse of innovation and invention that’s being powered by the young and unencumbered minds of students, which is the most powerful resource, probably, in the United States,” said Dave Benson, chairman and CEO of eSurface.
The signing took place at UVU on Dec. 11, with representatives, including both Bensons, from eSurface. The agreement went into effect immediately. Benson both hinted at “plans beyond just the agreement,” without going into detail. Holland echoed the probability of a continuing relationship.
“We’re thrilled with this, and where it can go. It seems to be like the beginning, not the end of the process here. We couldn’t be more complimentary of our new partners, and look forward to years of great success and things that can come of this that will be good for business, good for Utah, good for students and faculty, and the well-being of this institution. We look forward to this partnership,” said Holland.
Tiffany is the Deputy Managing Editor for Spring 2015. Follow her on twitter @tiffany_mf