Ossia Receives Investment from Recruit Holdings to Bring Real Remote Wireless Charging to Japan
Investment from Recruit will help deliver Ossia's groundbreaking Cota wireless power technology to burgeoning wearables market in Japan
REDMOND, Wash., Nov. 5, 2014 /PRNewswire/ -- Ossia, Inc. (www.ossiainc.com), the company behind the Cota® remote wire-free charging technology, today announced that it has received an investment from Recruit Holdings to help accelerate product development and promote the proliferation of its technology in Japan, which is currently the third largest economy in the world. This news follows on the heels of yesterday's announcement that Ossia has joined Intel Capital's portfolio of companies to advance wearables technology.
"Japan is poised for enormous growth in the wearables and IoT space," said Hatem Zeine, founder and CEO of Ossia. "This investment from Recruit Holdings will allow Ossia to scale operations even faster and support more partnership efforts as they integrate Cota into a wide range of consumer electronics products. Japan has an established history and expertise with both consumer devices and technology miniaturization, which makes this market a key one for Ossia now and into the foreseeable future. We look forward to working with Recruit to proliferate the Cota technology in public locations and power the wearables market amongst all of the devices that make up the Internet of Things with Cota remote, wire-free charging."
"The rise in wearables, IoT-related devices and a host of other gadgets being adopted across the globe, makes now the time for a real remote power solution that is truly wire-free, safe and efficient," said Akihiko Okamoto, Executive Officer, RSP Fund V. LLC. "From the moment we saw the Cota system in action, we have been impressed by its robust capabilities, the company's product roadmap, and the enormous market opportunity for Cota in the Japan market. The strategic partnership between Recruit and Ossia will make Cota the next must-have technology."
The Cota technology uses Wi-Fi like signal and is designed to charge many devices simultaneously, regardless of whether a device is stationary or moving. At an effective charging radius of 30 feet, a single Cota charging station can charge the battery-operated devices in every room of an average home or office suite.
Under license from Ossia, consumer electronics OEMs and ODMs will be able to include Cota receivers in new products and will have the opportunity to build their own branded Cota transmitters. Existing battery-powered devices will be able to be retrofitted with Cota receivers. In addition, some construction and energy businesses are already exploring non-consumer electronics applications for Cota-based wire-free power.
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. 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. 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 Recruit Holdings
Founded in 1960, Recruit Holdings is a leading information services and human resources company in Japan. Through a wide range of services, Recruit is delivering new discoveries and opportunities to users with information in such fields as employment, education, housing, marriage, travel, restaurants, beauty, cars, hobbies, and lifestyles. Recruit has more than 28,000 employees and operates in Asia and North America. Recruit Holdings' funding has been made through its investment subsidiary RSP Fund 5, LLC.
For more information visit http://www.recruit-rgf.com/
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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
Cota is a registered trademark of Ossia Inc.
SOURCE Ossia, Inc.
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