* Qualcomm acquires Halo IPT technology underlining confidence in the future of electric vehicles.
* Following Arup’s work to develop Halo IPT, this world class induction charging technology is set to transform the growing electric vehicle sector.
(London) Halo IPT’s leading wireless charging technology for electric vehicles, developed by Arup and Auckland Uniservices, has been acquired by Qualcomm Incorporated (NASDAQ: QCOM).
The UK-based technology development company was founded by Auckland University’s technology development vehicle, UniServices, in conjunction with Arup and the support of the Trans Tasman Commercialisation Fund and the New Zealand Venture Investment Fund.
Since its inception in May 2010, Halo IPT has pioneered the development and production of wireless charging technology for the transportation sector. The company’s objective is to bring its wireless charging technology to market for road vehicle applications on a global scale.
John Miles, Executive Chairman of HaloIPT and a Director at Arup, commented “In only 18 months, we have brought world-class university research to the attention of the global automotive industry. Through really innovative design, we have demonstrated the huge potential for wireless charging to the world’s leading vehicle manufacturers.”
John continues, “Electric vehicles hold great promise and the success of HaloIPT demonstrates the value of Arup’s investment of time and resources in activities we feel can make a real difference to the world around us – like developing skills and knowledge needed for a global shift to low carbon economy.”
According to Andrew Gilbert, Qualcomm’s Executive Vice President, European Innovation Development, “Qualcomm has been investing in wireless power for a number of years and the HaloIPT acquisition will further strengthen our technology and patent portfolio. Building off 20 years of development and innovation in wireless power at the University of Auckland and the global expertise and market knowledge at Arup, the HaloIPT team has established itself in a relatively short period of time as a leading developer in wireless electric road vehicle charging – with HaloIPT winning industry acclamation and awards.”
Arup has a longstanding interest and expertise in low carbon mobility. The group is currently leading several major projects in this area, including the UK’s CABLED Consortium (Coventry and Birmingham Low Emission Demonstrators) programme – the UK’s largest trial of electric vehicles. CABLED tackles questions such as the impact the vehicles on driving habits and behaviours and the optimum placing of charging points to suit the average urban journey.
Arup is also leading a consortium contributing to a £11m research programme – led by the Energy Technologies Institute. The initiative aims to support the future roll-out of electric vehicles. Working with the University of Leeds and E.ON, Arup is developing a model to analyse the economics of UK-wide electric and hybrid electric vehicle usage to support potential carbon reduction.
HaloIPT was advised in the transaction by Innovator Capital and Covington & Burling.
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NOTES TO EDITORS
1. Qualcomm has acquired the technology and assets of HaloIPT, a leading provider of wireless charging technology for electric road vehicles.
2. All members of the HaloIPT team have joined Qualcomm’s European Innovation Development group based in the UK. This is six people in total.
Arup is the creative force at the heart of many of the world’s most prominent projects in the built environment and across industry. From 90 offices in 35 countries our 10,000 planners, designers, engineers and consultants deliver innovative projects across the world with creativity and passion.
HaloIPT is a start-up technology development company specialising in the development of wireless charging systems for public and private transportation. The company was founded in 2010 by the New Zealand-based research and development commercialization company, UniServices, the Trans Tasman Commercialisation Fund (TTCF), the New Zealand Venture Investment Fund and by the global design consultancy, Arup.
HaloIPT owns the right to the intellectual property behind its Induction Power Transfer (IPT) Wireless Charging technology, providing stationary and dynamic in-motion charging for electric vehicles, lowering costs and improving usability. HaloIPT’s CEO, Dr Anthony Thomson, brought together a team of world experts in IPT technology to develop the commercial application of wireless charging.
Qualcomm Incorporated (NASDAQ: QCOM) is the world leader in 3G and next-generation mobile technologies. For more than 25 years, Qualcomm ideas and inventions have driven the evolution of digital communications, linking people everywhere more closely to information, entertainment and each other.
Except for the historical information contained herein, this news release contains forward-looking statements that are subject to risks and uncertainties, including the Company’s ability to successfully design and have manufactured significant quantities of CDMA components on a timely and profitable basis, the extent and speed to which CDMA is deployed, change in economic conditions of the various markets the Company serves, as well as the other risks detailed from time to time in the Company’s SEC reports, including the report on Form 10-K for the year ended September 26, 2010, and most recent Form 10-Q.
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