(MENAFN- ProactiveInvestors)Intellectual property group Tekcapital (LON:TEK) has snapped up rights to technology that allows smartphones and smart watches to use energy from human movement. Tekcapital has acquired the exclusive worldwide rights to a piezoelectric electro-mechanical device from the University of Michigan with patents pending. The device can be inserted into shoes clothing sporting goods or recreational equipment to generate energy from vibrations created by movement. It is based on technology originally designed to capture the energy generated by the vibrations of a beating heart to charge the battery of a pacemaker implant. Tekcapital has also acquired the rights to battery charging technology that can be used with the piezoelectric device. The company is hoping to cash in on a market for wearable technology expected to be worth nearly $35bn by 2020. Assistant director of the Office of Technology Transfer at the University of Michigan Brian Copple said: "We're very excited about the potential for this technology to provide wearable power generation and battery recharging for a wide variety of consumer products." Executive chairman of Tekcapital Clifford Gross said: "We're seeking to position ourselves to be at the forefront of the technology revolution which seeks to enable people to charge their mobile devices from simply moving." Tekcapital shares were flat at 37p in mid-morning trading in London.
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