Molex Invests in Ossia's Breakthrough Cota™ Real Wireless Power Platform

Strategic Investment Will Expand Market Access to Ossia's Game-Changing Remote Wireless Power Technology

Jan 06, 2016, 09:00 ET from Ossia

BELLEVUE, Wash. and LISLE, Ill., Jan. 6, 2016 /PRNewswire/ -- Ossia, maker of the revolutionary Cota™ wireless power technology, today announced a strategic investment by Molex, LLC, a leading global manufacturer of electronic solutions. The investment will help expand market access to the groundbreaking Cota technology by facilitating development of new products for consumers and businesses.

Cota's game-changing wireless power technology, currently on display at the Consumer Electronics Show (CES) 2016, provides a consumer-ready way to charge devices without plugging them in or placing devices on a charging pad. Cota's Real Wireless Power Platform includes a compact tabletop transmitter/charger, mobile phone and IoT receivers as well as the world's first battery that can be wirelessly charged from a distance — this allows for an AA-size battery that never runs out of power.

A forward-thinking company that is committed to helping customers develop next-generation products and technologies, Molex brings extensive engineering expertise to the new relationship. The company maintains a global footprint comprising manufacturing capabilities worldwide as well as broad sales reach, enabling Molex to assist customers as they bring innovative new products from concept to market launch and making it an ideal fit for Ossia. 

"We are very excited about the direct investment from Molex as well as the opportunity for a valuable strategic relationship," said Rasha Qamheyeh, Director of Business Development for Ossia. 

This investment demonstrates Molex continued commitment to support the development of innovative, high-performance solutions that directly address global industry demand.  "Ossia's Cota wireless power technology is the first true game changer in the field of long distance wireless power," said Lily Yeung, director of corporate development, Molex. "Molex is very excited to work together with Ossia on this next generation technology.  Our global design, engineering, manufacturing and services as well as deep expertise in power solutions will help Ossia achieve long-term success."

With a focus on a truly wireless future where all device users can receive power unencumbered by cords, much as they currently receive data wirelessly, Ossia is proud to work closely with pioneers and industry leaders like Molex. By working with strategic investors, Ossia will bring the benefits of wireless power transmission to a broader audience of consumers and industries.

"Attracting an industry powerhouse like Molex is a testament to the strength of Cota technology and its potential to reshape how we interface with the technology around us," added Hatem Zeine, CEO of Ossia.

To learn more about Ossia and its leading-edge Cota technology, please visit www.ossia.com. Find out more about Molex at www.molex.com

About Molex, LLC

Providing more than connectors, Molex delivers complete interconnect solutions for a number of markets including: data communications, telecommunications, consumer electronics, industrial, automotive, commercial vehicle, aerospace and defense, medical, and lighting.  Established in 1938, Molex is a global company with a presence in more than 40 countries.  The Molex website is www.molex.com. Follow us at www.twitter.com/molexconnectors, watch our videos at www.youtube.com/molexconnectors, connect with us at www.facebook.com/molexconnectors and read our blog at www.connector.com.

Molex is a registered trademark of Molex, LLC in the United States of America and may be registered in other jurisdictions.

About Ossia

Ossia is challenging people's core assumptions about what is possible with wireless power. Ossia's flagship product, Cota, redefines wireless power by safely delivering remote, targeted energy to devices as far away as 30 feet depending on the charger model.  Built on Ossia's patented smart antenna technology, Cota automatically keeps multiple devices charged without any user intervention, enabling an efficient and truly wire-free, powered-up world, that is always on and always connected. Ossia is Headquartered in Bellevue, Washington.  Visit our website at www.ossia.com.

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