EuroWire September 2016

News Corporate

Miltec UV’s partnership with the University of Maryland for the QUEST Capstone Consulting Project is now complete. The honour students were tasked with developing a strategy to help Miltec UV choose a method of commercialisation for their ceramic coating technology, a technique that is less expensive, safer and more effective than the current process used to manufacture lithium ion batteries. The team chosen to provide Miltec UV with a real-time innovative solution, to maximise profit with minimal risk, consisted of electrical engineer Katelyn Walter, mechanical engineer Austin Kendall, accounting and finance honour student Jessica Lewis, and finance honour student Tim Odukale. The diverse knowledge, skills and perspectives of these students allowed them to evaluate the financial implications and risks associated with multiple commercialisation options. The recommendation was a dual-sided approach that allows Miltec to maximise profits while providing the flexibility to customise the strategy based on the customer’s needs. The strategies were to partner with a coater who would coat the separator while Miltec UV maintains the customer relationship, or licensing the coating technology to the customer, and providing the equipment to coat the separators. Project praise fromMiltec

Miltec CEO Marilyn Blandford stated: “This type of research and business modelling would have taken Miltec a year to complete in-house. We were impressed with how quickly the students were able to create viable solutions for Miltec and produce deliverables that we will be able to use in the future. This initiative was a huge success and we will continue to utilise the Quest Program to help us solve business, engineering and technology challenges.” Miltec UV – USA Website : www.miltec.com ▲ ▲ Pictured are, from left, Austin Kendall, Jessica Lewis, Katelyn Walter and Tim Odukale

Miltec UV executives are extremely impressed by the financial and risk modules presented by the team.

16

www.read-eurowire.com

September 2016