Powermat and PowerKiss to Unite Two Rivals of Wireless Power Become One Powerhouse

NEW YORK and HELSINKI, May 21, 2013 /PRNewswire/ -- Powermat and PowerKiss – two of the pioneers and leaders of the wireless power industry - today announced that they have entered into a definitive agreement to combine their companies under the Powermat Technologies umbrella.

Today's news offers the promise of settling the issue of conflicting standards within the wireless power industry. In the past, Powermat and PowerKiss had backed incompatible standards, and today both are committed to the same PMA standard, which also enjoys the backing of AT&T, Procter & Gamble, Starbucks and many others.

Powermat has deployed over 1,500 charging spots in the US in places such as leading airports, coffee shops, malls and arenas. In Europe, PowerKiss has overseen the installation of over 1,000 charging spots in airports, hotels and cafes, and recently announced wireless charging at select McDonalds Europe locations. By combining forces, the companies aim to enable a consistent wireless charging experience for mobile people across the globe.

"With our on-the-go lifestyles, keeping our devices powered and ready at all times has become the biggest unmet consumer need. Uniting forces behind a common standard ensures that consumers will be able to avail themselves of the widest possible ecosystem of public places where they can recharge," said Ran Poliakine, CEO of Powermat. "Very soon consumers will be able to access wireless power seamlessly as they move between home, office, coffee shop, car and airport. PowerKiss shares our dream of a wireless world, and has the creativity and exceptional capabilities needed to help transform this dream into reality."

"PowerKiss recently became members of the PMA – enticed by its unique digital-layer, remote management capability and remarkable industry momentum. Today we are going 'all-in' and are very excited to combine forces with Powermat," said Mats Wolontis, CEO of PowerKiss. "Powermat has excellent knowhow in this industry and the drive to make things happen. Our two companies have a remarkably similar vision for wireless power, and have labored in parallel to make it a reality. Along the way we made different and incompatible technological choices, and this is exactly the right time to resolve these. From now on we will operate as one company, one powerhouse deploying a common technology and supporting one single standard. We can't wait to show the world what we can do together."

About PowerKiss
PowerKiss Ltd provides integrated wireless charging solutions, which aim to release people from the inconvenience of charging cables, power sockets and empty batteries. PowerKiss is found in cafes, restaurants, hotels and airports around the world and has become a forefront player in the rapidly growing wireless charging industry. The company is headquartered in Helsinki, Finland. Please find out more at www.powerkiss.com.

About Powermat Technologies
Powermat is the pioneer and leader of the wireless power industry. Enjoyed by millions of consumers worldwide, Powermat's technology was formally adopted by the PMA, and is the platform of choice for such global leaders as Duracell, General Motors, AT&T and Starbucks. Please find out more at www.powermat.com.

SOURCE Powermat Technologies



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