Wireless Power Firm Inks Joint Venture

Wednesday, September 14, 2011 @ 03:09 PM gHale


Procter & Gamble Co.’s Duracell battery unit is partnering with Powermat Ltd. to make small charging mats and receivers that wirelessly charge cell phones and other small electronics.

The joint venture, called Duracell Powermat, will allow Powermat, a maker of wireless charging equipment, to reach a much larger audience and give Duracell a leg up in a market in which it has not been that successful.

RELATED STORIES
SCAP Update Brings More Security
New Tool to Assess Chemical Risks
Improved Technology Aids Radiation Detection
Math Brings More Chemical Safety

Their goal is to turn wireless charging devices — currently a tiny market — into a familiar accessory.

“What comes out of this partnership eventually, if we’re successful, is people who buy a smartphone or tablet five, six years from now will expect wireless power built into it,” said Powermat Chief Executive Ran Poliakine.

P&G will own 55 percent of the joint venture, and Powermat 45 percent. The companies wouldn’t give financial details of the deal, but did say Powermat will receive an equity investment from P&G. They expect operations to be running in early 2012.

Since late 2009, Powermat has been selling its mats and receivers at airport shops and major retailers such as Target. Powermat offers several different mat sizes, as well as an array of receiver-equipped cases and docking stations for devices such as iPhones, iPods and BlackBerrys.

The company uses electromagnetic induction to charge electronics. Basically, when you drop a Powermat-enabled device onto a charging mat, the two exchange a “handshake” using RFID, or radio-frequency identification technology. The mat identifies the device, determines how much power it needs, then starts transferring energy to it. Once a device is fully charged, Powermat will stop the electricity from flowing.

Duracell has also been selling its own take on wireless charging mats and receivers since 2009, using technology it licensed from a company called WildCharge Inc. That product, called myGrid, hasn’t done as well, though.

The joint venture will use Powermat’s technology initially, though Duracell president Stassi Anastassov said the technology will evolve over time. He thinks Powermat’s technology combined with Cincinnati, OH-based P&G’s ability to reach more consumers will give the duo “a very strong position” in wireless power, a category that is still small, but one that he expects to be “very sizable” over time.



Leave a Reply

You must be logged in to post a comment.