Apple acquires PowerbyProxi a wireless charging company

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PowerbyProxi a wireless charging company

Apple overtook a wireless charging PowerbyProxi New Zealand based firm. It designs wireless power and power transfer products for consumers and industry.

The deal between the two companies might be above $100 million. PowerbyProxi’s includes over 50 staff and more than 300 patents are sure to keep efforts in Apple’s wireless

Apple’s interest in PowerbyProxi by the products which can support transferring up to 150 watts through any non-metallic material. Range includes Qi wireless charger, wireless charging systems for small sensors, robotics systems, drones, and industrial equipment.

Wireless Data System

Its 100W modular wireless charging system has a power transfer efficiency of 90 percent. According to the firm, and when combined with its wireless data system. Moreover, it can integrate with vehicle control systems, Ethernet networks, and other devices.

Meanwhile, Apple recently announced its own AirPower accessory which it said would simultaneously charge up to three devices. Including new versions of the Apple Watch, iPhone and Air Pod charging case. Also, Apple iPhone X stock to be available from November 3.

PowerbyProxi was founded in 2007 as a spin-out of the University of Auckland. Samsung Ventures, global investment arm of Samsung Group, invested $4 million in the company in 2013.

However, PowerbyProxi will continue its “growth in Auckland and contribute to the great innovation in wireless charging coming out of New Zealand”, its founder and CEO, Fady Mishriki, said in a statement.