Menu
Apple buys Kiwi wireless charging developer PowerbyProxi

Apple buys Kiwi wireless charging developer PowerbyProxi

Apple snaps up developer which owns multiple patents in wireless charging

Doing an Apple: PowerbyProxi reappointed founder Fady Mishriki as CEO in 2013

Doing an Apple: PowerbyProxi reappointed founder Fady Mishriki as CEO in 2013

Apple has bought wireless charging technology developer PowerbyProxi, a company spun out of Auckland University research in 2007, for an undisclosed sum.

PowerbyProxi has has attracted previous international investment from the likes of Samsung after developing around the Wireless Power Consortium's future Qi wireless charging standard.

The company is owned by a who's who of local and international investors led by VC fund Movac with 20 per cent and founder Fady Mishriki with 18 per cent.

In 2013, Apple's arch rival in mobile phones, Samsung, invested $4 million in the company. It is currently listed as owning nearly 10 per cent of PowerbyProxi's shares.

PowerbyProxi designs and develops high efficiency and high density wireless power transfer technology for mobile phones, rechargeable batteries and industrial uses.

It takes its technology to market through licensing partnerships in consumer electronics markets and direct end product sales in non-consumer electronics markets. 

"We solve mission-critical problems in demanding, hostile industrial environments where the delivery of consistent power is imperative," the company's website says.

Stuff reported that Apple announced the acquisition on Wednesday, quoting senior vice president of hardware engineer Dan Riccio saying: "We want to bring truly effortless charging to more places and more customers around the world."

Mishriki said there was "tremendous alignment" between Apple's and PowerbyProxi's values, however, he was not allowed to comment further.


Follow Us

Join the newsletter!

Error: Please check your email address.

Tags mobileApplesamsungwireless powerPowerbyProxiwireless charging

Featured

Slideshows

Looking back at the top 15 M&A deals in NZ during 2017

Looking back at the top 15 M&A deals in NZ during 2017

In 2017, merger and acquisitions fever reached new heights in New Zealand, with a host of big name deals dominating the headlines. Reseller News recaps the most important transactions of the Kiwi channel during the past 12 months.

Looking back at the top 15 M&A deals in NZ during 2017
Kiwi channel closes 2017 with After Hours

Kiwi channel closes 2017 with After Hours

The channel in New Zealand came together to celebrate the close of 2017, as the final After Hours played out in front of a bumper Auckland crowd.

Kiwi channel closes 2017 with After Hours
Meet the top performing HP partners in NZ

Meet the top performing HP partners in NZ

HP honoured leading partners across the channel at the Partner Awards 2017 in New Zealand, recognising excellence across the entire print and personal systems portfolio.

Meet the top performing HP partners in NZ
Show Comments