Thursday, September 15, 2011

drag2share: Powermat and Duracell forming joint venture to 'globalize wireless charging'

Source: http://www.engadget.com/2011/09/15/powermat-and-duracell-forming-joint-venture-to-globalize-wirele/

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.

Continue reading Powermat and Duracell forming joint venture to 'globalize wireless charging'

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.

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