QPT has successfully closed a pre-seed funding round of just over £500k from angel investors as it continues to develop and patent technology that aims to help to revolutionise power electronics systems, radically improving efficiency & performance.
Helping the world save energy
The ongoing digital transformation in our society and its impact on the energy market means that power consumption levels continue to rise, and focus continues to increase on how we generate and use the worlds energy. The global pandemic in 2020 has shown companies that their own digital transformations are critical to survival, which will only further increase the demand for cloud computing and power consumption from laptops and mobile devices. Beyond these consumer devices, electrical motors consume 45% of global electricity (11,000TWh) and technology that could improve efficiency of these motors by 10% would be worth $110Bn. The mission of QPT is to develop advanced electronics that enables these devices to consume energy more efficiently. The technologies in our portfolio (a set of power semiconductors and easy to integrate modules) can increase reliability and performance of almost any electronic device. Not only targeting this electric motor market but additionally Electric Vehicles (EVs) could extend their range and there is an almost limitless list of industrial applications; from reducing energy consumption of elevators and air-conditioning units to more efficient industrial robots.
Huge potential for the drive to Net Zero
Whilst the 10% improvement in the efficiency of electric motors has enourmous financial potential, it would also reduce CO2 emissions by 250 million tonnes. That’s the equivalent of planting about 3.85 billion trees. For context that's about the total number of trees cut down globally.
Even a 1% saving in the industrial market, through better power electronics, saves 93.8 terawatt hours and eliminates 32 million tonnes of CO2
The potential environmental impact of QPT’s technologies are enourmously exciting.
Changing the way power systems are bought to market
Additionally, QPT is developing and patenting tools that could be used by companies who design and manufacture complex power solutions, in order to hugely reduce the time and cost of their development cycles. This is QPTs SyncBLOX system. Using QPTs solutions, companies could create much more efficient and robust power systems that can be integrated into almost any electronic device. But additionally, the SyncBLOX system would enable these companies to bring their own solutions to market in a fraction of the time. Speeding up the time-to-market by up to 100 times and revolutionizing the way in which OEMs develop power solutions.
The broad range of patented technologies provides QPT with a range of different growth opportunities. The focus for 2021 will be refine the design of the modules (which will enable the technologies to be integrated more easily into existing power systems), file further patents, to scale up the team (including the setup of a Polish subsidiary where much of the lab work will be done in the future), grant applications and early customer traction.
This unique business is possible thanks to the IP developed by Robert Gwynne (CEO and Founder). Rob is a systems engineer with a set of skills covering many diverse disciplines - including electronics, software, mechanics, instrumentation, optics and physics - acquired through over 30 years working at the forefront of technology in several industries – semiconductors, communications, radar, industrial and scientific sectors in multiple locations around the world.
From this huge wealth of experience in a complex area Rob realised that there were significant gains that could be made within common ASICs that could improve the efficiency and reliability of these core components. Saving huge costs as well as enabling companies to develop complex power solutions much more rapidly. And this was the basis for the formation of QPT.
For 2021 Rob will be supported with additional engineering support via the outstanding capabilities of Artur Garbiak. With strategic support frrom the experienced Board and QPT advisors which now includes Rupert Baines.