PowerSphyr Acquires Gill Electronics to Facilitate Development of Advanced Wireless Power Solutions

Acquisition adds engineering and manufacturing resources to
accelerate time to market

DANVILLE, Calif.–(BUSINESS WIRE)–PowerSphyr
Inc., one of the world’s most innovative providers of
wireless power technology, today announced that it has successfully
completed its acquisition of original design manufacturer, Gill
Electronics.

Based in Grand Rapids, Michigan, Gill Electronics is led by wireless
power industry veterans and is a member of the board of the AirFuel™
Alliance. Gill Electronics is one of the only manufacturers of resonant
magnetic systems to have deployed both AirFuel™ and FCC-approved
products into the commercial infrastructure market.

The combined organization will now be the world’s leading wireless
solutions provider offering advanced near field and far field solutions
in a wide range of applications and industries and has built the first
product to bridge the Qi and AirFuel™ Resonant standards.

“This acquisition is another step toward achieving our long-term
strategic vision of revolutionizing wireless power delivery,” stated David
Meng, CEO of PowerSphyr. “Wireless charging has become ubiquitous
for consumer and mobile devices, and Gill Electronics’ experience in
deploying resonant magnetic systems, combined with PowerSphyr’s
expertise with multi-mode technology, will accelerate time-to-market for
products and solutions which support AirFuel™ Resonant and backwards
compatibility with Qi inductive.”

The combined organization will also bring a rich ecosystem of
PowerSphyr-enabled products to market that will be the first to deliver
the ease of use and elegance of design that consumers expect from
wireless charging products.

Will
Wright, Executive Vice President, Product Development of PowerSphyr,
said: “In an active market where many have been trying to convert
the mobile charging market from predominantly wired to wireless, this
acquisition will allow PowerSphyr to serve a larger and more diverse
assortment of OEM customers in automotive, consumer, industrial, and
healthcare markets.

Terms of the transaction were not disclosed.

About PowerSphyr

PowerSphyr Inc. is revolutionizing wireless power transfer with its
first-to-market, multi-mode technology. PowerSphyr offers consumer
products, as well as turnkey solutions to OEM device manufacturers.
PowerSphyr’s technology is optimized for seamless delivery of varying
levels of wireless power to consumer electronics ranging from mobile
devices and IoT to medical and industrial applications. PowerSphyr’s
solutions are universally compatible with the major wireless standards
and satisfy regulatory compliance and safety requirements. For more
information, visit www.powersphyr.com.

About Gill Electronics

Gill Electronics, Inc. is an innovative leader in resonant wireless
power and charging. Gill is a founding and current board member of the
Alliance for Wireless Power (A4WP). Gill is the first company in the
world to release A4WP/Rezence based wireless power products and
continues to be the market leader in commercialization of efficient, new
and innovative products with advanced features.

Contacts

Blue
Marlin Partners
Greg Berardi
info@PowerSphyr.com