TDK Licenses WiTricity Patent For Wireless Power
TDK Corporation is the latest contender in the race for wireless charging as WiTricity announced an intellectual property license agreement with TDK.
“This licensing agreement will enable TDK to commercialize WiTricity’s patented technology to create efficient and high performance wireless charging systems for carmakers, allowing next generation electric vehicles (EVs) and plug-in hybrid electric vehicles (PHEVs) to charge effortlessly by simply parking over a TDK wireless charging pad.”
TDK argues that for a long time it has been a leader in providing electronic materials and components essential to modern wireless charging systems, so having an end product in its portfolio would be win-win.
“In particular, TDK is known as the world’s leading producer of electronic components based on advanced ferrites, a vital material for harnessing magnetic fields, and has a large and rapidly growing business as a Tier 1 and Tier 2 supplier in the automotive industry. Under this IP license agreement, TDK will be able to offer wireless charging systems to carmakers for future rechargeable hybrid electric and battery electric vehicles. In addition, TDK is licensed to offer compatible automotive wireless charging sources for home, commercial, and public use.”
WiTricity CEO Alex Gruzen stated:
“There is widespread recognition that wireless charging will be central to the growth of the electric vehicle market. We are proud to help advance the market for wireless charging with such an accomplished partner as TDK.”