HaloIPT Wireless Technology Sold - technology. Last updated 05:00 10/11/2011 In what is claimed to be the biggest commercial deal by a New Zealand university or Crown research institute, Auckland University has sold its spinoff HaloIPT to a wireless technology giant. The sale to US Nasdaq-listed Qualcomm – a mobile phone computer chip company – could eventually lead to cheaper electric cars by making wireless charging technology for them more readily available. Terms of the deal are under wraps but Peter Lee, chief executive of UniServices, the university's commercial arm, said it was larger than any done before by a New Zealand university or CRI. Just before the dot-com crash, Australian telco Telstra bought Victoria University's internet service provider company, Netlink, for A$21 million. This year, Crown research institute IRL sold a controlling stake in its superconductor technology firm HTS-110 to Dunedin's Scott Technology for $4.4m. Lee said Halo emerged from 20 years of research at the university's "power electronics" lab.
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