Oxford based Tekcapital has acquired two energy harvesting technologies to power mobile devices, such as smartphones, by human movement.  Cheap Smart Watch

The Aim listed company acquired the exclusive worldwide rights to an electro mechanical device, piezoelectric, from the University of Michigan.

The device, which uses systems originally designed to capture the energy of a beating heart to charge a pacemaker implant, can be incorporated into footwear, clothing, sports and recreational equipment to provide wearable power generation and battery recharging.

Tekcapital also acquired the licence to a patented battery charger circuit from the Georgia Institute of Technology, which charges batteries incorporated in portable devices, such as smartphones and tablet computers, and wearable devices, including smart watches and health monitors.

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Dr Clifford Gross, chief executive, said the company believes the could help form an eco system for the generation of continuously available power for portable and wearable electronics

Research conducted in the field suggests the industry is both innovative and lucrative. According to a recent industry analyst report, the total market for wearable computing devices is expected to reach about $35bn by 2020.

With a record $96bn worth of smartphones sold globally in the first quarter of the year, there is an ever increasing need for innovative battery boosting technology.

In May, the provider of technology and intellectual property services raised 2.15m by issuing 11m shares to expand the company sales force and fund acquisitions of intellectual property rights.

During this placing, Saracens Rugby Club owner Nigel Wray snapped up the majority of the shares, buying 6m at 20p a piece, making him the second largest shareholder with a 17.3pc stake in the business. Chairman Dr Gross remains the largest shareholder, holding a stake of just under 25pc.

Last year, the group posted a loss   just shy of $1m as management advised the company, at three years young, is still in its early stages of development.