PowerSphyr Announces Product Rollout In 2017

Company To Offer First-of-its-Kind Wireless Power Solutions

FOR IMMEDIATE RELEASE

DANVILLE, CA – January 18, 2017PowerSphyr, one of the world’s most innovative providers of wireless power technology, today announced plans to offer its first wireless power solution to the market in the third quarter 2017.

PowerSphyr’s solution, SkyCurrent™, is the only to combine near-field and far-field technology in single system. SkyCurrent is targeted for commercial and consumer markets. In early 2018, the company will offer OEMs and device makers a small-scale chip package that incorporates PowerSphyr’s proprietary technology.

“PowerSphyr’s mission is to revolutionize the wireless power industry by combing near-field and far-field into a single solution,” said CEO Neil Ganz. “We have engineered a breakthrough solution that addresses a very large market and is valuable to many industry segments. As of 2017, we are officially out of stealth mode and focused on bringing to market a blockbuster product that the market clearly wants.”

skycurrent™

FOR IMMEDIATE RELEASE

DANVILLE, CA – January 18, 2017 – PowerSphyr, one of the world’s most innovative providers of wireless power technology, today announced plans to offer its first wireless power solution to the market in the third quarter 2017.

skycurrent™

PowerSphyr’s solution, SkyCurrent™, is the only to combine near-field and far-field technology in single system. SkyCurrent is targeted for commercial and consumer markets. In early 2018, the company will offer OEMs and device makers a small-scale chip package that incorporates PowerSphyr’s proprietary technology.

“PowerSphyr’s mission is to revolutionize the wireless power industry by combing near-field and far-field into a single solution,” said CEO Neil Ganz. “We have engineered a breakthrough solution that addresses a very large market and is valuable to many industry segments. As of 2017, we are officially out of stealth mode and focused on bringing to market a blockbuster product that the market clearly wants.”

How The Technology Works

PowerSphyr’s flagship product, SkyCurrent™, consists of a sleek, ergonomic power receiver affixed to an electronic device and a hub that delivers energy on demand. The SkyCurrrent™ Power Transfer Hub (PTH) transfers energy via near-field or far-field power from either channel to meet the power requirements of the electronic device.

Unlike other commercially available wireless charging products, PowerSphyr’s solutions employ the most advanced wireless power transfer technology and can selectively induce one of two modes based on range and power required. PowerSphyr’s intelligent technology knows when devices need to draw power and when power is no longer needed. By combining the higher power throughput (>33W) from magnetic resonance along with a lower power (<1W) radiative RF-DC trickle, PowerSphyr’s technology elegantly solves a technical problem that has thwarted the industry for years.

Visionary Management Team

The PowerSphyr team is lead by four business executives with extensive experience in technology, manufacturing, engineering and finance. The PowerSphyr senior team is comprised of:

David Meng, CTO and CMO. Meng has over 17 years of global business, technology and manufacturing experience with the world’s largest contract electronics manufacturers. Prior to PowerSphyr, Meng was founder and CEO of Spectra Optronics International.

Neil Ganz, CEO. Ganz is an experienced entrepreneur and executive who has successfully built and sold companies. Prior to PowerSphyr, Ganz was founder of Galaxy Tire and Wheel Inc. Ganz transformed Galaxy from a family-owned wholesale business into a leading tire manufacturer that sold products to global suppliers.

Bernie Notas, COO and CFO. Notas has helped raised more than $200 million for companies. Before PowerSphyr, he was CFO of Montgomery Securities, OffRoad Capital and Sanctuary Wealth Services. He has served on the Board and committees of Ellie Mae, Inc. and JB Oxford.

Will Wright, EVP, Product Development. Wright is an accomplished industrial designer with a proven track record of solving complex design challenges and developing new technologies. Prior to PowerSphyr, Wright founded Skyline Aeronautics and Vector Sky US, and worked for Spectra Optronics International.

About PowerSphyr

PowerSphyr Inc. is revolutionizing the way power is being delivered to electronic devices. Through proprietary and patent-pending technologies, PowerSphyr delivers wireless power to mobile phones, wearables, medical devices, and industrial sensors without physical cords, cables or a dock. PowerSphyr is the only solution that seamlessly optimizes near-field and far-field energy transfer. For more information, visit www.powersphyr.com.

Media Contact

Greg Berardi, Blue Marlin Partners
greg@bluemarlinpartners.com, 415.239.7826

LEARN MORE ABOUT
OUR WIRELESS SOLUTIONS