Monday, November 7, 2011

Qualcomm Acquires HaloIPT for Wireless Electric Vehicle Charging

Qualcomm has acquired HaloIPT, a start-up based that is developing Inductive Power Transfer (IPT) technology for the wireless charging of electric cars. The acquisition include substantially all of the technology and other assets of the company and all team members have joined Qualcomm's European Innovation Development group based in the UK. Financial terms were not disclosed.

In addition to the HaloIPT transaction, Qualcomm and Auckland UniServices, the commercialisation company of the University of Auckland, have committed to a long-term research and development arrangement to promote continued innovation in the field of wireless charging for electric road vehicles by way of inductive power transfer.

“Qualcomm has been investing in wireless power for a number of years and the HaloIPT acquisition will further strengthen our technology and patent portfolio,�? said Andrew Gilbert, executive vice president of European Innovation Development for Qualcomm. “Building on 20 years of development and innovation in wireless power at The University of Auckland and its commercialization company Auckland UniServices Ltd, the HaloIPT team, in a relatively short period of the time, had established itself as a leading developer in wireless electric road vehicle charging – with HaloIPT winning industry acclamation and awards.�?

“UniServices is proud to see the development of technology for the wireless charging of electric vehicles become an important area for Qualcomm,�? said Peter Lee, chief executive officer, UniServices. “We believe Qualcomm is well positioned to make available this technology to third parties for the wireless charging of electric road vehicles, and the relationship will provide opportunities for continued research and development of this technology.�?

See also