Molex partners with NuCurrent

12th December 2014

Siobhan O'Gorman

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Molex has announced that it has signed a definitive agreement as a strategic partner and investor in Chicago-based NuCurrent, a developer of wireless power antenna technology. Initially, NuCurrent created structures for low resistance antennas for the medical device market. The company now offers custom design and fabrication of high-efficiency inductors geared toward specific functions, with a focus on wireless power applications in the consumer sector.

NuCurrent was one of the portfolio of companies presented during the Illinois Science and Technology Coalition’s Corporate Start-up Challenge in 2013. The programme was designed to bring together Fortune 1000 companies and start-up businesses with a goal to foster innovation and advance a strong Illinois economy.

“NuCurrent’s wireless power antenna capabilities dovetail with our business strategy of helping customers bring pioneering products to market,” said Lily Yeung, Director, Business Development, Molex. “Wireless device charging has the potential to drastically change how the world powers its phones and other portable devices and Molex is thrilled to be involved in the early stages of this emerging technology.”

“Being able to tap into the engineering expertise at Molex, as well as the global reach of its manufacturing capabilities and sales force, will be an enormous benefit for NuCurrent,” said Jacob Babcock, Founder and Chief Executive Officer, NuCurrent. “The evolution of our company has been incredibly exciting and we look forward to the future as we partner with Molex to expand the reach of our innovative solutions.”