Samsung Electro-Mechanics has formed a partnership with PowerbyProxi to further research and develop of wireless charging and wireless power solutions for consumer electronics and home appliances. PowerbyProxi has also received $4 million in funding from Samsung Ventures Investment Corporation. This partnership and investment seems to be Samsungs move to get ahead of their competitors in the wireless power market. Nothing has been reported or confirmed, but one can speculate Samsung could introduce some form of wireless power/charger feature in future models of its Galaxy series phones.
“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.”
“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,” said Mishriki.
There are a variety of wireless charging solutions on the market, what is Samsung’s ultimate goal? Samsung could not only be looking to advance their own consumer electronics and home appliance lines, they could be working on creating a standard for wireless charging and power. Doing so puts them in a good situation for licensing the technology to other companies. What do you think of this partnership?