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News
Corporate
September 2016 16
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.
Miltec UV executives are extremely impressed by the financial
and risk modules presented by the team.
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:
Project praise fromMiltec
▲ ▲ Pictured are, from left, Austin Kendall, Jessica Lewis, Katelyn Walter and Tim
Odukale