Freeplay R&D plans go like clockwork in UK

Freeplay R&D plans go like clockwork in UK
Roy Rubenstein
Wind-up radio firm Freeplay Group is moving its corporate headquarters to the UK and is setting up an R&D team here.
“The UK is a centre of excellence with a pool of talent both engineering and scientific,” said Rory Stear, joint chairman and co-founder of Freeplay Energy, explaining the decision to set up the R&D arm in the UK. The company’s headquarters will employ a dozen people by the autumn.
The R&D group – initially comprising five engineers – will focus on refining the two forms of energy storage Freeplay has licensed for use in its products: the wind-up technology from Trevor Baylis and chemical storage from General Electric. “The aim is to achieve the greatest amount of power more cheaply and in a smaller space,” said Stear. This will include developing hybrid systems using the two energy approaches.
The company achieved sales of $20m to the year ending March 31. Freeplay expects sales of its wind-up products to grow to $50m in the coming financial year.

Leave a Reply

Your email address will not be published. Required fields are marked *