Sharechat Logo

PowerbyProxi agrees to license technology to Texas Instruments for development of new products

Tuesday 7th January 2014

Text too small?

PowerbyProxi, the wireless power developer spun out of Auckland University, has agreed to license its technology to Texas Instruments, allowing the world's largest analogue chipmaker to add new wireless power and charging products.

"Texas Instruments is recognised as the leading supplier of wired and wireless power solutions and respected across consumer electronics devices, industrial systems and battery management," PowerbyProxi chief executive and chairman Greg Cross said in a statement. "The market has been waiting for resonant wireless power technologies for rapid growth and expansion."

Dallas-based Texas Instruments makes chips that are used in almost every digital device, from parts for space hardware to home electronics components. The company is shifting its focus to analogue and embedded-processing markets and moving away from modems in mobile phones.

"Consumers have a deep desire to charge portable electronics anywhere and anytime and designers of end equipment want wireless power interoperability," Steve Lambouses, Texas Instruments vice president and general manager of battery management said in the statement.

"PowerbyProxi's wireless power technologies can work across any standard being used and developed globally," Lombouses said. "We believe this is an excellent opportunity to use their expertise and intellectual property to provide new and exciting capabilities to the market."

Auckland-based PowerbyProxi has a portfolio of 126 worldwide patents. The company didn't disclose the value of the licensing agreement.

BusinessDesk.co.nz



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

MARKET CLOSE: Blue-chip stocks Meridian, A2 lead market lower
NZ dollar rises on Brexit hopes, rate cut reassessment
Three not failing, just needs a new owner - MediaWorks CEO
Major investors back new CBL class action targeting directors
Rip Curl purchase a done deal on Kathmandu proxies alone
Comvita chair Neil Craig eyes the exit once he finds a new CEO
Mercury raises guidance on increased storage, high spot prices
Eroad reports strong 3Q sales growth, eyes ASX listing
MediaWorks puts TV business on the block
NZ dollar benefits as preliminary Brexit deal improves risk appetite

IRG See IRG research reports