Toyota Licenses WiTricity Patent Portfolio for Wireless Power
WATERTOWN, MASS.--(Business Wire / Korea Newswire) December 05, 2013 -- WiTricity, the industry pioneer in highly resonant wireless power transfer over distance, today announced an intellectual property license agreement with the world’s top-selling carmaker, Toyota Motor Corporation.
Having made an equity investment in WiTricity in 2011 to accelerate the development of automotive wireless charging systems and acceptance by carmakers, Toyota has cooperated technically with the company for the past several years. Under this intellectual property license agreement, Toyota will offer wireless charging power capture devices on their future rechargeable hybrid electric and battery electric vehicles. Compatible wireless charging sources will be manufactured by third party charging system suppliers, under license from WiTricity.
WiTricity’s technology delivers electric power safely over distance and eliminates the need for the charging cable that is required for EVs and PHVs that are currently on the market. Toyota has identified this technology as a key differentiator in the marketplace because of its seamless operation and the convenience factor it offers the vehicle owners.
“WiTricity’s mission is to make wireless charging available as widely as possible, and this announcement is a significant step toward accomplishing that mission,” said WiTricity CEO Eric Giler. “We envision a world in which wireless charging accelerates the adoption of clean, green electrified vehicles. To have Toyota, the world’s leading carmaker, licensing our intellectual property, underscores the importance of the technology.”
WiTricity is the industry leader in wireless electricity delivered over distance, and holds the foundational patents for highly resonant wireless power transfer. 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.
This is a news release distributed by Korea Newswire on behalf of this company. Learn more