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Strategic Elements gains Federal support for Electric Drive Systems and Driverless Vehicles project

The company’s subsidiary Stealth Technologies has secured approximately $500,000 for its joint project with the University of Western Australia.

Strategic Elements Ltd - Strategic Elements gains Federal support for Electric Drive Systems and Driverless Vehicles project
Shares have been as much as 17% higher in early trade to 5.5 cents

Strategic Elements Ltd’s (ASX:SOR) subsidiary Stealth Technologies has secured approximately $500,000 in Federal Government funding to support the Electric Drive Systems and Driverless Vehicles project.

This joint project with the University of Western Australia (UWA) is developing a proprietary autonomous robotics platform and Strategic Elements is supporting this work.

It is being carried out by a team of international award-winning PhD and Masters engineers with deep experience in AI, computer vision, autonomous vehicles and robotics for both software and hardware.

“Growing interest” in Stealth Technologies

Strategic Elements managing director Charles Murphy said: “The AxV Platform under development incorporates autonomous vehicles, robotics and computer vision and we are receiving increased demand as a response to the current global environment.

“Our existing agreement with Honeywell on autonomous robotic security vehicles is a priority, however, Stealth is experiencing growing interest across research sector and commercial parties.”

The objective of the Automotive Engineering Graduate program is to help automotive businesses grow, improve productivity and be globally competitive by increasing the pipeline of high-quality graduate engineers into Australia’s automotive engineering sector.

UWA team working with Stealth

A team of four UWA researchers will collaborate with experts from Stealth Technologies on the commercial development of the company’s technology.

Stealth Technologies has the right to commercialise the Project IP while all rights, title and interest in any Background IP will remain with the party that provided that Background IP.

Each party grants to the other a royalty-free, non-exclusive licence to use its Background IP solely for the purpose of performing the project or supporting the exploitation and commercialisation of the Project IP by the company.

UWA retains the right to use IP in further research.

Expanding relationship

Murphy added: “We were particularly attracted to this project as an opportunity to expand our current relationship with UWA Professor Thomas Bräunl, who has previous experience with Driver-Assistance Systems with Daimler and on Electric Vehicle Charging Systems with BMW.”

Project lead Thomas Bräunl is Professor at The University of Western Australia, Perth, where he directs the Renewable Energy Vehicle Project (REV), having converted several road-licensed cars to battery-electric drive.

He was technical director of the West Australian Electric Vehicle Trial and the principal investigator of the ARC Electric Vehicle Fast-Recharging Project.

Bräunl, who holds a Diploma from Univ. Kaiserslautern, Germany, an MS from USC, Los Angeles, and a PhD and Habilitation from Univ. Stuttgart, has worked on Driver-Assistance Systems with Daimler and on Electric Vehicle Charging Systems with BMW.

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