Global Technology Leaders Collaborate to Make Wireless Power as Commonplace as WiFi

Global Technology Leaders Collaborate to Make Wireless Power as Commonplace as
                                     WiFi

Flextronics and Powermat Join Forces to Embed Wireless Power in Electronics of
all Kinds

PR Newswire

SAN JOSE, Calif. and SOMERSET, N.J., Jan. 16, 2014

SAN JOSE, Calif. and SOMERSET, N.J., Jan. 16, 2014 /PRNewswire/ --Flextronics
(NASDAQ: FLEX) and Powermat Technologies today announced a strategic agreement
aimed at bringing state-of-the-art wireless power to electronics of all kinds,
and to consumers worldwide.

As a pioneer and leader of the fast-growing wireless power industry, Powermat
technologies have already been adopted by major global players including AT&T
General Motors, Procter & Gamble, and Starbucks.The Power Matters Alliance
(PMA) – the world's fastest growing wireless power standard and ecosystem –
has also incorporated Powermat's technology as a basis for its own open
standard.

Flextronics is one of the most respected global providers of end-to-end supply
chain solutions for electronics; designing and manufacturing devices used by
billions of consumers. Its power supply division, Flextronics Power,is a
leader in the mobile charging industry and will fully leverage their expertise
in research, development, manufacturing and IP to enable innovative wireless
power for smartphones, tablets, wearable electronics, notebooks and other
applications.

"We have concluded that wireless power is the next big wave in mobility.
Starting with smart phones and tablets, this new technology will eventually
transform how people charge electronics of all kinds," said Chris Cook,
president of Flextronics Power. "We plan to bring our unmatched scale and know
how to ensure PMA technology is ramped-up, costed-down, and rolled out in a
way that brings excellent value to both customers and end users."

The companies plan to rapidly leverage the synergies across their
organizations, driving miniaturization, cost-reduction, efficiency and
integration into both existing and new product platforms.

"Flextronics is the technology and market-share leader for wired mobile
chargers. Powermat enjoys a similar leadership position in the fast-growing,
but currently fragmented, wireless charging space," said Stuart Robinson,
Director of the Strategy Analytics Handset Component Technologies service.
"This alliance may be exactly what is needed to finally bring standardised
wireless power benefits to billions of products and customers."

Under the terms of the agreement, Flextronics has made a strategic investment
in Powermat, and the parties will collaborate closely on the design,
manufacturing and go-to-market of wireless charging solutions for mobile OEMs.

"Staying powered is the number one concern for mobile consumers, and the data
shows that wireless power resolves this at home, in the car and while
refreshing at popular coffee shops and restaurants," said Ran Poliakine, CEO
of Powermat Technologies. "The next stage is to deliver this technology to
OEMs and through them to consumers at scale, and this is exactly what our
partnership with Flextronics promises to do. There is no one better placed to
migrate the world's mobile chargers from wired to wireless!"

About Flextronics
Flextronics is a leading end-to-end supply chain solutions company that
delivers design, engineering, manufacturing and logistics services to a range
of industries and end-markets, including data networking, telecom, enterprise
computing and storage, industrial, capital equipment, appliances, automation,
medical, automotive, aerospace and defense, energy, mobile, computing and
other electronic product categories. Flextronics is an industry leader with
$24 billion in sales, generated from helping its customers' design, build,
ship, and service their products through an unparalleled network of facilities
in more than 30 countries and across four continents. For more information,
visit www.flextronics.com or follow us on Twitter @flextronics.

About Flextronics Power
Flextronics Power is part of Flextronics and develops innovative technologies
and transforms them into valuable solutions that power the mobile revolution
across many growing product segments including smartphone, tablet, notebook,
server, storage and networking applications. For more information, visit
www.flextronics.com or follow us on Twitter @flextronics.

About Powermat Technologies
Powermat is the pioneer and leader of the wireless power industry. Enjoyed by
millions of consumers worldwide, Powermat's technology was formally adopted by
the PMA, and is the platform of choice for such global leaders as Duracell,
General Motors, AT&T and Starbucks. Please find out more at www.powermat.com.

Contact: Flextronics             Contact: Powermat Technologies
Renee Brotherton                 Scott Eisenstein
Corporate Communications         Corporate Communications
408.576.7189                     212.810.6544
renee.brotherton@flextronics.com scott.eisenstein@powermat.com

SOURCE Powermat Technologies

Website: http://www.powermat.com
 
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