Qualcomm (QCOM), Lumen Australia Enter Wireless EV Charging Licensing Agreement
- Record-setting rally pushes on as S&P ends week up 3 percent
- Trump's Cohn Pick Most Bullish Sign Yet for Banks - Cowen
- Unusual 11 Mid-Day Movers: (IDXG) (INVN) (EBS) Higher; (SCON) (DTEA) (DLTH) Lower (more...)
- 21st Century Fox (FOXA) offers to acquire Sky for GBP10.75/share
- Coca Cola (KO) Announces James Quincey to Succeed Muhtar Kent as CEO; Kent to Continue as Chairman
News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here.
Qualcomm Incorporated (Nasdaq: QCOM) and Lumen Australia announced they have entered into a Wireless Electric Vehicle Charging (WEVC) license agreement. Lumen will include Qualcomm Halo WEVC technology in its product portfolio and will commercialize WEVC systems for Plug in Hybrid (PHEV) and Electric Vehicles (EV) manufacturers, as well as wireless charging infrastructure companies. The agreement enables Lumen to develop, make, and supply WEVC systems based on Qualcomm Halo WEVC technology.
Lumen is based in Asia-Pacific but represented globally through, Manufacturing, Technical and Sales divisions and supported by the Global Centre of Excellence, situated in Melbourne, Australia. A leading developer of original equipment and genuine accessory electrical and electronic systems to the automotive sector, Lumen is working on multiple WEVC production programs across several industry segments.
"Lumen's integration expertise ideally positions us to develop and deliver a widely varied portfolio of WEVC systems, including multi-coil systems to meet our customer's requirements," states Mr Jon Evans, chief executive officer, Lumen. "Working with Qualcomm provides us access to industry leading WEVC technology and extensive engineering knowledge and support."
"Qualcomm is providing Lumen with a comprehensive technology transfer tailored to accelerate and enhance their ability to develop commercially and technically viable WEVC systems and to support the future design of improved WEVC designs," said Steve Pazol, vice president, and general manager, wireless charging, Qualcomm Incorporated. "We are excited to be working closely with Lumen as they commercialize Qualcomm Halo technology, and bring WEVC charging into production and expand our network of high-quality automotive component suppliers into Asia-Pacific."
For more information on Qualcomm Halo, please visit www.qualcommhalo.com.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Whirlpool (WHR) Announces U.S. Confirms Samsung and LG Dumped Washers
- Qualcomm (QCOM), Microsoft (MSFT) Enter Collaboration for Windows 10 on Snapdragon-Powered Mobile Devices
- Axovant Sciences (AXON) Announces New Data Analysis from Phase 2b Trial
Create E-mail Alert Related CategoriesCorporate News, Management Comments
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!