Powermat and Duracell forming joint venture to 'globalize wireless charging' originally appeared on Engadget on Thu, 15 Sep 2011 13:18:00 EDT. Please see our terms for use of feeds.Permalink | | Email this | Comments
Thursday, September 15, 2011
Duracell has been in the wireless charging business for quite a while now with its myGrid devices, but it's about to make a fairly drastic change of course. Its parent company, Proctor & Gamble, announced today with Powermat that the two companies intend to form a new joint venture in an effort to "advance and globalize wireless charging." That new venture will be called Duracell Powermat, and it's expected to begin operation early next year. As a result of the new arrangement, P&G also intends to make an equity investment in Powermat, although there's no word yet on how the deal will affect everyone's favorite pun-based superhero, Power Matt. The official press release is after the break.