CTEK Licenses WiTricity Technology for Wireless Power

Leading Battery Charger Manufacturer Looks to WiTricity Technology to Help Revolutionize the Battery Charging Industry

WATERTOWN, Mass.--()--WiTricity, the industry pioneer in wireless power transfer over distance, today announced a technology and patent license agreement with CTEK Corporation, a leading global supplier of battery charging systems. This licensing agreement enables CTEK to commercialize WiTricity’s patented technology to create high performance, efficient wireless charging systems for a wide range of battery charging and battery conditioning applications in the transportation and industrial markets.

“CTEK is adopting WiTricity’s technology to revolutionize battery charging by removing the need for cables in a wide range of automotive, industrial, and recreational vehicle battery systems, eliminating the need for our customers to plug in,” said CTEK CEO, Jon Lind. “We are excited to be on the forefront of the next generation of battery charging products for consumers and industry, and look forward to leveraging WiTricity’s ground-breaking technology to bring a new level of convenience and ease of use to market.”

Since its founding, CTEK has sold more than 6.2 million battery chargers in 70 countries around the world. CTEK is a trusted supplier to many of the world's most respected car and motorcycle manufacturers, and has won more than 15 different independent battery charger awards since 2005.

“WiTricity is excited to partner with CTEK, a company that is respected for both its technical prowess and worldwide distribution network,” said WiTricity CEO Alex Gruzen. “CTEK is a world leader in designing charging systems for a wide range of applications, and has a number of technologies to complement WiTricity’s cutting-edge wireless power transfer technology. In addition to its worldwide reach in consumer markets, CTEK is well positioned within Europe to work with WiTricity in providing a variety of customized battery charging solutions for industrial and transportation applications.”

The adoption of WiTricity’s technology to deliver electric power safely over distance will allow CTEK to revolutionize the act of battery charging by removing the need for cables. Under the terms of this licensing agreement, CTEK will create wireless charging solutions based on WiTricity technology for a wide range of automotive, industrial, and recreational vehicle battery systems. By providing a flexible and efficient method of wireless power transfer over distance, WiTricity technology will enable CTEK to develop a line of products that brings a new level of convenience and ease to battery charging.

About WiTricity

WiTricity Corporation provides the foundational technology to enable wireless power transfer over distance using magnetic resonance. Through deep domain expertise, a strong IP portfolio and an extensive reference design library, WiTricity works with innovative companies to incorporate WiTricity technology in their products and solutions. With a growing list of global licensees in the consumer electronics, automotive, medical devices and defense industries, the company has emerged as the leader in wireless power transfer over distance. For more information, visit www.witricity.com, or follow WiTricity on FacebookTwitterLinkedInGoogle+ and YouTube.

About CTEK

CTEK SWEDEN AB develops and manufactures battery chargers for all types of lead-acid and lithium batteries for both private and professional use. CTEK's unparalleled innovation has enabled it to develop cutting-edge technology with several patented functions and properties that make CTEK battery chargers and accessories unique. For more information, please visit www.ctek.com.

Contacts

Media Contacts:
Version 2.0 Communications
Jean Serra/Katie Kennedy, 617-426-2222
kkennedy@v2comms.com
or
WiTricity Contact
David Schatz, 617-926-2700
david.schatz@witricity.com
or
CTEK Contacts
Jon Lind, CEO
Mobile: +46 70 397 2371
Email: jon.lind@ctek.com
or
Nichlas Sjöselius
Mobile: +46 70 341 08 42
Email: nichlas.sjoselius@ctek.com

Release Summary

WiTricity today announced a technology and patent license agreement with CTEK Corporation, a leading global supplier of battery charging systems.

Contacts

Media Contacts:
Version 2.0 Communications
Jean Serra/Katie Kennedy, 617-426-2222
kkennedy@v2comms.com
or
WiTricity Contact
David Schatz, 617-926-2700
david.schatz@witricity.com
or
CTEK Contacts
Jon Lind, CEO
Mobile: +46 70 397 2371
Email: jon.lind@ctek.com
or
Nichlas Sjöselius
Mobile: +46 70 341 08 42
Email: nichlas.sjoselius@ctek.com