Ossia Joins Intel Capital Portfolio to Help Advance Wearable Technologies
Intel Capital's portfolio of innovative companies to help accelerate consumer adoption of Wearables and IoT-related devices
REDMOND, Wash., Nov. 4, 2014 /PRNewswire/ -- Ossia, Inc. (www.ossiainc.com), the company behind the Cota® remote wire-free charging technology, announced today that it has joined Intel Capital's portfolio of innovative companies that will help advance the state of wearables technology and other IoT-related devices.
"Since the public unveiling of Cota one year ago, Ossia has grown and evolved rapidly," said Hatem Zeine, founder and CEO of Ossia. "This latest support from Intel Capital will allow Ossia to further our development efforts with corporate partners as they integrate Cota into a wide range of consumer electronics products. Recent forecasts predict hundreds of millions of newly introduced battery-powered devices entering the market every year; which are excellent uses for the Cota technology. The time has come for Cota; and as a result of our development projects with several companies, Ossia will soon be ready to redefine 'power' across many industry sectors all around the world."
The Cota technology is designed to charge many devices simultaneously, regardless of whether a device is stationary or moving. At an effective charging radius of up to 30 feet, a single Cota charging station can charge the battery-operated devices in every room of an average home or office suite.
"With the rise in wearables, IoT-related devices and a host of other gadgets being adopted across the globe, the time is now for a real remote power solution that is truly wire free, safe and efficient," said Robert Rueckert, Managing Director for the New Devices and Wearable Group, Intel Capital, Asia Pacific and Japan. "Our stewardship with companies like Ossia demonstrates our continuing efforts to foster innovation and technical achievements in real wireless charging for the ever increasing wearables and consumer devices that make up the Internet of Things."
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 up to 30 feet. Built on Ossia's patented smart antenna technology, Cota automatically keeps multiple moving devices charged without any user intervention, enabling an efficient and truly wire-free, powered-up world that is always on and always connected. Headquartered in Redmond, Wash., Ossia operated in stealth since its founding in 2008, and publicly launched at Disrupt San Francisco 2013. Visit our website at www.ossiainc.com.
About Intel Capital
Intel Capital, Intel's global investment organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software, and services targeting enterprise, mobility, consumer Internet, digital media and semiconductor manufacturing. Since 1991, Intel Capital has invested more than US$11 billion in over 1,390 companies in 57 countries. In that timeframe, 209 portfolio companies have gone public on various exchanges around the world and 359 were acquired or participated in a merger. In 2013, Intel Capital invested US$333 million in 146 investments with approximately 49 percent of funds invested outside North America. For more information on Intel Capital and its differentiated advantages, visit www.intelcapital.com or follow @Intelcapital.
Company PR contact:
Media Contact
Ellie O'Rourke
Mobility Public Relations for Ossia
Mobile: +1-425-233-2092
Email: [email protected]
Ossia Press Kit: http://ossia.mobilitypr.com
Follow Ossia on:
Twitter: http://twitter.com/ossiainc
LinkedIn: http://www.linkedin.com/company/ossia-inc-
Facebook: http://www.facebook.com/OssiaInc
Cota is a registered trademark of Ossia Inc.
SOURCE Ossia, Inc.
Share this article