ELIX Signs Global Licensing Agreement with the University of British Columbia

VANCOUVER, British Columbia, Oct. 7, 2013 /PRNewswire/ -- ELIX Wireless Charging Systems is pleased to announce that it has signed a global exclusive licensing agreement with the University of British Columbia. The agreement gives ELIX the exclusive right to develop wireless chargers based on UBC's Magneto-Dynamic Coupling technology.

(Logo: http://photos.prnewswire.com/prnh/20131007/SF93106LOGO)

There is currently no safe, convenient way to transmit electrical power wirelessly. Consumers and corporations are investing more money in batteries and solid-state hard drives for notebooks that enable users to move around for a longer period of time. With sales of electric vehicles increasing, buyers are paying extra for faster charging to reduce the time the vehicle spends connected to their garage outlets. Similarly, smartphones require regular charging which is inconvenient for users. Ideally, notebooks, smartphones and vehicles would have the ability to re-charge without being physically connected to an outlet via a wire. Charging should be wireless and effortless.

Existing wireless charging techniques all depend on Electro-Magnetic Induction ("EMI") whereby strong inductive fields are generated. This creates radiation, fire hazards and interference with communication devices. ELIX's Magneto-Dynamic Coupling ("MDC") offers safe wireless charging with 50x less radiation in a package that is 40% smaller.

MDC technology was initially developed at UBC for Professor Dr Lorne Whitehead, who was also responsible for successful UBC spin-offs such as TIR (sold to Philips) and Brightside (sold to Dolby). Development at ELIX is continuing under Dr Ng Boon Chong, with Dr Whitehead acting as Chief Technical Officer.

"We are happy for the strong support we have received from the University of British Columbia, and the University's Industry Liaison Office, in spinning off the ELIX technology from UBC into a private company," said Frank Christiaens, Executive Chairman for ELIX.

"ELIX has made tremendous strides in rapidly prototyping and testing the technology. We look forward to continued advancements and witnessing the success of ELIX," remarked Dr J.P. Heale, Associate Director of the University Liaison Office at UBC.

About the Company

Elix was founded in 2011-2012 based on UBC research started in 2007, and is headquartered in Vancouver, Canada, with offices opening in California in 2014. The Company has 6 team members, including PhDs from Stanford and the University of British Columbia, and has filed patents in the area of Magneto-Dynamic Coupling.

SOURCE ELIX



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http://www.elixwireless.com

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