Alticor Inc. announced that one of its subsidiaries has acquired the business and assets of Splashpower Ltd., a developer of wireless power technology. Terms of the deal were not disclosed. Alticor owns Fulton Innovation, the exclusive licensor of eCoupled™ Intelligent Wireless Power technology.
Fulton states that the acquisition reinforces its position in the rapidly growing wireless power industry by expanding both the breadth and depth of Fulton’s patent portfolio, comprised of over 250 patents granted or pending worldwide.
"Today’s acquisition reaffirms Fulton’s commitment to the continued development and commercialization of wireless power," said Dave Baarman, Director of Advanced Technologies for Fulton Innovation. "By combining our own robust patent portfolio with Splashpower’s, we continue to strengthen and expand our capabilities in the development of wireless power as well as our global presence. We are extremely fortunate to have the backing and support of our parent company, Alticor."
The assets of Splashpower were acquired out of the Administration process. The accountancy and business advisory firm Baker Tilly was appointed Joint Administrators for Splashpower on March 26, 2008.
Splashpower has been developing technology for wireless charging of portable devices such as mobile phones, personal digital assistants, mp3 players and cameras. The system works through electromagnetic induction, adding a free positioning induction loop (at the "SplashPad") to the conventional fix induction loop at the wallplug (used to shift between ac and dc currents). According to Splashpower, rechargeable devices equipped with a small SplashModule are placed upon a mousepad-sized SplashPad and have their batteries recharged at a normal rate.
Fulton states that its eCoupled technology includes an inductively coupled power circuit that dynamically seeks resonance, allowing the primary supply circuit to adapt its operation to match the needs of the devices it supplies. It does so by communicating with each device individually in real time, which allows the technology to determine not only power needs, but also factors such as the age of a battery or device and its charging lifecycles, in order to supply the optimal amount of power to keep a device at peak efficiency.