PowerbyProxi agrees to license technology to Texas Instruments for development of new products
Jan. 7 (BusinessDesk) – 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.