ON Semiconductor And PowerSphyr Announce Agreement To Accelerate Development Of Universally Compatible Wireless Power Solution

DANVILLE, CA – June 29, 2017 – ON Semiconductor (NASDAQ:ON) and PowerSphyr Inc. today announced an agreement to develop and market one of the industry’s most promising wireless power solutions for consumer electronic devices and the fast-growing IoT space.

The agreement calls for ON Semiconductor to integrate its efficient power management components with PowerSphyr’s wireless power transfer (WPT) technology, which combines near-field and far-field wireless charging, to create a new class of chipsets targeted at Original Equipment Manufacturers (OEMs).

The companies expect to develop the world’s first universally compatible wireless charging solutions that support interoperability with the major wireless power standards to allow device charging without cables or connectors. Inside each device enabled by PowerSphyr, there will be a system based on the new application specific integrated circuits (ASICs) with support through ON Semiconductor’s global sales and technical support teams. Over the long term, PowerSphyr will continue to share future technology with ON Semiconductor to create new opportunities for further semiconductor integration.

“ON Semiconductor is pleased to work with PowerSphyr to develop a new class of ASICs that combine both companies’ proprietary technologies and provide OEMs with an opportunity to improve the consumer experience in wireless charging,” said Bob Klosterboer, executive vice president and general manager of the ON Semiconductor’s Analog Products Group.

PowerSphyr CEO Neil Ganz adds, “Support from ON Semiconductor’s foundry and global distribution network will accelerate the production of the world’s first universally compatible chipset that drives near-field and far field seamlessly into a comprehensive solution.”

ON Semiconductor ranks among the world’s largest, non-memory semiconductor companies. The chip-maker is a leading supplier of integrated circuit solutions to various markets, including mobile communications, computing and IoT. The company operates state-of-the-art fabrication facilities with more than 30,000 employees supporting custom design, engineering and manufacturing around the globe.

Based in the San Francisco-Bay Area, PowerSphyr has developed a first-to-market, multi-technology wireless power architecture that supports RF-to-DC, Magnetic Resonance, as well as backwards compatibility for legacy inductive charging (e.g. Qi, PMA).

“ON Semiconductor’s chip-making expertise, combined with PowerSphyr’s unique IP, creates the perfect synergy to drive adoption of next-generation wireless charging,” said David Meng, founder, chief marketing and chief technology officer. “The level of compatibility that our solutions offer is unprecedented and eliminates the difficult choices today facing OEM device-makers when selecting one standard over another.”

About PowerSphyr

PowerSphyr Inc. is revolutionizing the way power is being delivered to electronic devices. Through proprietary and patent-pending technologies, PowerSphyr delivers wireless power to mobile phones, wearables, medical devices, and industrial sensors without physical cords, cables or a dock. PowerSphyr is the only solution that seamlessly optimizes near-field and far-field energy transfer. For more information, visit www.powersphyr.com.

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