Samsung Electro-Mechanics and PowerbyProxi Announce Strategic Partnership for Development of Wireless Power Solutions

Marks first wireless power partnership for Samsung Electro-Mechanics

Samsung Electro- Mechanics, a world-leading producer of high-tech integrated components of electronics and mechanical devices for all electrical devices, and PowerbyProxi, developer of the world’s most advanced and safest wireless power system, today announced they have entered into a strategic partnership licensing PowerbyProxi’s consumer electronics (CE) and home appliance wireless power IP and technology.  PowerbyProxi also announced it has received $4 million in strategic funding from Samsung Ventures Investment Corporation.

Since 2000, Samsung Electro-Mechanics has focused on the digital parts industry based on high frequency, software and design/production technology and has become recognized as a leading global electronic components manufacturer. The company’s vision is to create the future of the digital world through cutting-edge technologies and components.

“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.”

The announcement signals Samsung Electro-Mechanics’ commitment to wireless power and wireless charging as a key technology for the future of CE and home appliances. Through its partnership with PowerbyProxi the company will be able to produce reliable and advanced wireless power solutions that will provide a new generation of functionality for electronic parts’ manufacturers to offer to their customers.

“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,”

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