This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

WiTricity Joins Power Matters Alliance

WATERTOWN, Mass., May 8, 2013 /PRNewswire/ -- WiTricity, the industry pioneer in highly resonant wireless power transfer over distance, announced today that it has joined the Power Matters Alliance. WiTricity, the exclusive licensee of MIT's patents for wireless energy transfer, will help define a highly resonant implementation for the PMA's 'Power 2.0' set of specifications.

"WiTricity has done some of the most foundational work in wireless power in the modern era," said Ron Resnick, president, Power Matters Alliance. "We are thrilled that WiTricity will be making their experience and knowhow available, is committed to offer licenses to WiTricity IP to all PMA members and will be helping to lead the PMA's Resonance Working Group."

PMA recently formed a technical working group to add a resonant implementation to the 'Power 2.0' group of specifications. WiTricity has been appointed to Vice-Chair this working group, whose first task is to create a specification for smartphone-ready highly resonant wireless power. This specification, the first draft of which is expected to be available to PMA members later this year, will be fully compatible with the PMA's existing inductive wireless power specification and products.

"We have been watching the competing standards for wireless power for some years, and have been evaluating which showed the most promise," said WiTricity CEO Eric Giler. "Our decision to join the PMA reflects our conclusion that the PMA is the group most ready and able to unite the industry around a common standard for wireless charging over distance, which will accelerate the adoption of this technology in the electronic devices consumers rely on every day. Our active role will help enable the development of ubiquitous wireless charging infrastructure in coffee shops, retail stores, homes, offices, airports, cars—so that wireless charging will be available to consumers wherever and whenever they need it."

About WiTricity WiTricity is the industry leader in wireless electricity delivered over distance. The company was founded in 2007 to commercialize an exciting new technology for wireless electricity invented by world renowned physicists from the Massachusetts Institute of Technology ( MIT). With a growing list of global clients in industries including consumer electronics, automotive, medical devices and defense, WiTricity has emerged as the leader for IP and expertise in highly resonant wireless power transfer. For more information, visit www.witricity.com. Follow WiTricity on Facebook, Twitter, LinkedIn and YouTube.

About the Power Matters AlliancePMA was founded by Powermat Technologies and Procter & Gamble in 2012. Google's Vint Cerf – one of the fathers of the Internet – is its Honorary Chairman, and its board includes AT&T, Duracell, Starbucks and the US Government's Energy Star and Federal Communications Commission (both non-voting). A wide array of PMA-compliant products are available at leading retailers, and compatible 'wireless charging spots' have been installed at leading airports, stadiums, restaurants, gyms and hair salons. Membership of the PMA is open to all, and its technical specifications are available to all members at  www.powermatters.org.

SOURCE Power Matters Alliance

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,055.87 -116.81 -0.68%
S&P 500 1,982.77 -11.52 -0.58%
NASDAQ 4,508.6880 -19.0010 -0.42%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs