PowerbyProxi Announces Licensing Agreement with Texas Instruments for Wireless Power Solutions

PLEASANTON, Calif., January 6, 2014 – PowerbyProxi, (www.powerbyproxi. com) developer of the world’s most advanced and safest wireless power system, today announced it has signed a technology licensing agreement with Texas Instruments (TI) the global semiconductor company that designs and manufactures analog integrated circuits and embedded processors. TI will leverage PowerbyProxi’s resonant and closely coupled wireless power expertise and patents to add new products to its broad range of wireless power and charging solutions.

“TI is recognized as the leading supplier of wired and wireless power solutions and respected across consumer electronics devices, industrial systems, and battery management,”

said Greg Cross, Executive Chairman and CEO of PowerbyProxi.

“It’s widely understood that the market has been waiting for resonant wireless power technologies for rapid growth and expansion.”

This agreement further validates PowerbyProxi’s leadership and shows that the industry is reaching an important tipping point for wireless power that delivers the best user experience and addresses mission critical applications. The initial focus of the TI and PowerbyProxi relationship will be to deliver a resonant solution compatible with the Wireless Power Consortium’s (WPC) Qi standard.

“Consumers have a deep desire to charge portable electronics anywhere and anytime – and designers of end equipment want wireless power interoperability,”

said Steve Lambouses, vice president and general manager of battery management at TI.

“PowerbyProxi’s wireless power technologies can work across any standard being used and developed globally. We believe this is an excellent opportunity to use their expertise and IP to provide new and exciting capabilities to the market.”

TI Driving Wireless Power Forward
TI’s wireless power management products and support fuels design engineers’ imaginations to develop innovative, efficient wireless charging capabilities for smartphones, tablets and other portable electronics devices. It also helps fuel the design of wireless power charging transmitters ranging from stand-alone charging pads to those embedded in automobiles and furniture. The company is the leading developer of power integrated circuits that support the WPC’s Qi standard. TI also is a member of the Alliance for Wireless Power (A4WP) and Power Matters Alliance (PMA).

PowerbyProxi will be participating in the Pepcom Digital Experience! media event at CES 2014 at the Mirage Hotel on January 6, 2014. Find out about TI’s activities at CES here.

About PowerbyProxi
PowerbyProxi is a leader in advanced, safe, wireless power solutions for consumer electronics (CE) and industrial markets. Our resonant technologies deliver a better consumer experience with full spatial freedom and multi-device charging, and solve mission-critical problems in demanding, hostile industrial environments. We license technologies and deliver modules to battery and semiconductor suppliers, OEMs/ODMs and system integrators, with proven highly resonant implementations ranging from less than one watt to multiple kilowatts. PowerbyProxi is a venture-backed company spun out of the University of Auckland—an internationally recognized leader in wireless power innovation—and holds a comprehensive portfolio of 126 patents worldwide. For more information visit: www.powerbyproxi.com

Merry Christmas

Oh no he didn’t!  Wishing you all a very Merry Christmas, a restful break and a prosperous 2014.  The MOVAC team will be back on deck from mid-Jan 2014.

Online Independent Film Marketplace IndieReign Partners with Indiegogo, the World’s Largest Global Crowdfunding Platform

IndieReign_IndieGogo PartnershipIndieReign has today announced a partnership with Indiegogo, the world’s largest global crowdfunding platform.

IndieReign is an online film marketplace which enables filmmakers to self-distribute and sell their content directly to fans online, while crowdfunding platform, Indiegogo, empowers people around the world to crowdfund what matters to them. Filmmakers that opt in to the partnership gain leverage for their projects with the guarantee of extra support and coverage during their shot at raising funds.

“We are excited about our partnership with IndieReign,”

says Danae Ringelmann, Co-founder and Chief Customer Officer of Indiegogo,

“IndieReign are one of the leaders in the movement towards a more sustainable independent film industry. With literally thousands of film projects around the globe raising funds each month on Indiegogo, both our organizations are naturally aligned to helping filmmakers succeed.”

Already this year IndieReign has supported over 100 crowdfunding projects from all around the world, helping indie artists achieve their fundraising goals and gain worldwide exposure.

One of the many projects that benefited from the partnership was American/Korean film collaboration, Amiss. Raoul Dyssell, co-director/co-producer of Amiss, says

“Without IndieReign, Amiss would never have reached the international audience it did, thereby not only reaching our campaign goal, but surpassing it with extra donations, after the campaign had ended, from global supporters who found out about the film on their website”.

Dyssell’s Indiegogo campaign, Believe in Amiss, was featured on IndieReign’s blog, promoted over the IndieReign community, won both IndieReign’s Project of the Week and Project of the Month competitions, and will go on to be distributed on the platform when released.

“Independent filmmakers look to IndieReign for direction and advice which is why we are very careful when it comes to who we partner with” says David White, CEO and founder of IndieReign who recently spoke about digital distribution at AFM (American Film Market). “We chose Indiegogo because they’re not only the world’s largest global crowdfunding platform, but their values align with our own, and this partnership provides a new channel for independent filmmakers to easily make the transition from financing to distribution.”

If you want to learn more about the IndieReign and Indiegogo partnership visit http://www.indiereign.com/partnerships/indiegogo

RIP Startups

Brilliant, nothing more needs to be said….

Image

BIMStop closes funding round with MOVAC 3, establishes global HQ in Silicon Valley

bimstopWe’re pleased to announce that we’ve closed on a new investment with Christchurch based start-up BIMStop.  The investment is being used to fund the Company’s growth in the US market and to establish its global headquarters in San Francisco USA.

Founded by CEO Scott Barrington, the company converts building products manufacturers traditional sales and marketing materials to 3d Business Information Models (BIM) allowing architects and specifiers to produce CAD designs containing actual products.

“We solve a growing problem in a massive market helping architects and building specifiers stay up to date and manufacturers target the right people in this market and keep them informed”

says Barrington from his new global headquarters for BIMStop at Kiwi Landing Pad in San Francisco.

“Our customers lead us here based on growing demand for our solutions and the need to be closer to them in terms of market trends and physical location.” says Barrington. “We made the call to dip our toes in the US market and the response has been resoundingly positive”.

The company has moved from strength to strength in the past year acquiring major global brands and building out increasing the functionality and usability of its offerings. Customers include global manufacturers such as Miele , Thermador, Bosch, Delta, GAF, Bradley and Polyflor.

David Beard, Partner at leading venture capital firm MOVAC took an interest in the progress of the company about 18 months ago.

“We were impressed with BIMStop’s execution and market proof points achieved on tight budgets – our investment is a result of a high level of confidence in the team and what we believe to be a significant market opportunity based on our own due diligence.”

The multi million dollar investment will be used to support the establishment of the US based executive team and market expansion initiatives including accelerating product development and increasing the salesforce.

“We need experienced eyes and ears on the ground in market to understand and respond to our customer’s needs” says Barrington “but we are still committed to having development and operations teams based in Christchurch for the foreseeable future.”

BIMStop’s revenues are forecasted to triple in the current financial year and staff numbers will double in the next twelve months. BIMStop’s achievements were recently recognised publicly by winning the Start Up of the Year award at New Zealand’s prestigious annual Hi Tech Awards.

The unfortunate reality of business…and investment

Unfortunately this Doghouse Diaries image really resonates! Enjoy.Life Plans

Samsung Electro-Mechanics and PowerbyProxi Announce Strategic Partnership for Development of Wireless Power Solutions

Marks first wireless power partnership for Samsung Electro-Mechanics

Samsung Electro- Mechanics, a world-leading producer of high-tech integrated components of electronics and mechanical devices for all electrical devices, and PowerbyProxi, developer of the world’s most advanced and safest wireless power system, today announced they have entered into a strategic partnership licensing PowerbyProxi’s consumer electronics (CE) and home appliance wireless power IP and technology.  PowerbyProxi also announced it has received $4 million in strategic funding from Samsung Ventures Investment Corporation.

Since 2000, Samsung Electro-Mechanics has focused on the digital parts industry based on high frequency, software and design/production technology and has become recognized as a leading global electronic components manufacturer. The company’s vision is to create the future of the digital world through cutting-edge technologies and components.

“Our research identified PowerbyProxi as a leader in wireless power technology based on its expertise, track record and comprehensive patent portfolio,”

said Vice President, Hugh Kim, Director of Wireless Charging Development, Samsung Electro-Mechanics.

“We are excited to work together on innovative consumer products that will raise the bar for our industry.”

The announcement signals Samsung Electro-Mechanics’ commitment to wireless power and wireless charging as a key technology for the future of CE and home appliances. Through its partnership with PowerbyProxi the company will be able to produce reliable and advanced wireless power solutions that will provide a new generation of functionality for electronic parts’ manufacturers to offer to their customers.

“This is a major agreement for us in the consumer electronics market and enables us to leverage our wireless power technology and IP to deliver the best user experience to a mass audience,”

said Fady Mishriki EVP and CTO at PowerbyProxi.

“SEMCO’s extensive due diligence clearly demonstrates that the strength of our IP and engineering capabilities solve many of the technical challenges limiting current versions of wireless power. Our partnership is further evidence that wireless power and charging are fast becoming mainstream,”

For further information:

  • For PowerbyProxi: Alice Chan, Bird PR alice@birdpr.com +1 415 740 8174
  • For Samsung Electro-Mechanics: Taejin Jung, senior manager taejin9494@samsung.com
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