Molex invests in Ossia’s Cota real wireless power platform
Molex has announced a strategic investment in Ossia, maker of the revolutionary Cota wireless power technology. The investment will help expand market access to the groundbreaking Cota technology by facilitating development of new products for consumers and businesses.
Cota’s game-changing wireless power technology provides a consumer-ready way to charge devices without plugging them in or placing devices on a charging pad. Cota’s Real Wireless Power Platform includes a compact tabletop transmitter/charger, mobile phone and IoT receivers as well as the world’s first battery that can be wirelessly charged from a distance
This investment demonstrates Molex continued commitment to support the development of innovative, high-performance solutions that directly address global industry demand. “Ossia’s Cota wireless power technology is the first true game changer in the field of long distance wireless power,” said Lily Yeung, Director of Corporate Development, Molex. “Molex is very excited to work together with Ossia on this next generation technology. Our global design, engineering, manufacturing and services as well as deep expertise in power solutions will help Ossia achieve long-term success.”
Molex brings extensive engineering expertise to the new relationship. The company maintains a global footprint comprising manufacturing capabilities worldwide as well as broad sales reach, enabling Molex to assist customers as they bring innovative new products from concept to market launch and making it a suitable fit for Ossia.
“We are very excited about the direct investment from Molex as well as the opportunity for a valuable strategic relationship,” said Rasha Qamheyeh, Director of Business Development for Ossia.
As pioneers, Molex recognises that industry focus in the future will be on wireless technologies; where all device users can receive power unencumbered by cords, much as they receive data wirelessly today. This forward-thinking and commitment to help customers develop next gen products & technologies is why Molex is a proud investor in Ossia’s ground breaking Cota wireless power technology. Ossia will bring the benefits of wireless power transmission to a broader audience of consumers and industries.
“Attracting an industry powerhouse like Molex is a testament to the strength of Cota technology and its potential to reshape how we interface with the technology around us, ” added Hatem Zeine, CEO of Ossia.