The number of applications for MAFC power is almost limitless— any device that consumes power is a potential target. The initial range of applications including marine, disaster response, automotive, military and toys cover key areas within which the technology’s will be most evident.
MagPower’s technology development strategy is to build partnerships with research organizations and OEMs for product and technology development. Development partners we seek will have significant market distribution and offer a unique opportunity for the deployment of the MagPower MAFC technology.
Coupled with company focus on technological development and distribution through key market partners, the Company has the capacity to develop and manufacture its own devices that will demonstrate consumer take-up and spur OEM activity. Our own sales team is reaching out concurrently, targeting industry segments that we believe are well suited to our power source.
MAFC technology’s inherent environmental strengths, storage life, characteristic power profile and safety of the MAFC system point at potential market applications.