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Octillion Corp., a next-generation alternative and renewable energy technology incubator, today announced immediate expansion of the Company's product development pipeline to include the development of safe, economically-viable technologies capable of producing clean electricity from the kinetic energy of moving vehicles, including cars, buses, trucks, trains, and rapid transit.
Last month, Octillion joined lead sponsors Ford Motor Company, Royal Dutch Shell, and the National Science Foundation to co-sponsor "New Mobility: The Emerging Transportation Economy," an international conference at the University of Michigan (http://um-smart.org/resources/conference/overview.html). This event was hosted by the university's "Sustainable Mobility and Accessibility Research and Transformation" (SMART) initiative. Octillion President and CEO, Mr. Nicholas S. Cucinelli, assisted in the founding of SMART and formerly assisted Ford Motor Company executives in contributing to the Sustainable Mobility Project of the World Business Council for Sustainable Development.
Octillion has formed a new wholly-owned subsidiary, Kinetic Power Corp., specifically focused on harnessing the kinetic energy of vehicles in motion and more broadly working to enhance the sustainability and energy efficiency of transportation infrastructures and systems.
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