Molex Invests in Breakthrough Wireless Power Platform
Molex has invested in Ossia’s breakthrough Cota Real Wireless Power Platform, which will expand market access to Ossia’s game-changing remote wireless power technology.
Ossia announced a strategic investment by Molex that will help expand market access to the groundbreaking Cota wireless power technology by facilitating the development of new consumer and B2B products.
Cota’s game-changing wireless power technology, recently on display at the 2016 Consumer Electronics Show (CES), provides a consumer-ready way to charge devices without plugging them in or placing devices on a charging pad. Cota’s Real Wireless Power Platform technology comprises a compact tabletop transmitter/charger, a mobile phone-sleeve receiver, IoT receivers, and the world’s first battery that can be wirelessly charged from a distance, enabling an AA-size battery that never runs out of power.
With a focus on a truly wireless future in which all device users can receive power unencumbered by cords, much as they currently receive wireless data, Ossia is proud to work closely with pioneers and industry leaders like Molex. By working with strategic investors, Ossia will bring the benefits of wireless power transmission to a broader audience of both consumers and industries.
“We are very excited about the direct investment from Molex, as well as the opportunity for a valuable strategic relationship,” says Rasha Qamheyeh, director of business development for Ossia.
“Attracting an industry powerhouse like Molex is a testament to the strength of Cota technology and its potential to reshape how we interface with the technology around us,” says Hatem Zeine, CEO of Ossia.
Molex brings extensive engineering expertise to the new relationship; maintains a global footprint with worldwide manufacturing capabilities and a broad sales reach; and is committed to supporting the development of innovative, high-performance solutions that directly address global industry demand, making the company an ideal fit for Ossia.
“Ossia’s Cota wireless power technology is the first true game changer in the field of long-distance wireless power,” says Lily Yeung, director of corporate development, Molex. “Molex is very excited to work together with Ossia on this next-generation technology. Our global design, engineering, and manufacturing services, as well as our deep expertise in power solutions, will help Ossia achieve long-term success.”