Stanley Black & Decker Partners with Humavox, a Wireless Charging Startup Based in Israel
June 12 2018 - 8:29AM
Business Wire
Stanley Black & Decker
(http://www.stanleyblackanddecker.com/) (NYSE: SWK), a
world-leading provider of tools and storage, commercial electronic
security, and engineered fastening systems today announced its
investment in Humavox (http://www.humavox.com/), a leader in
wireless charging technology. The partnership will enable Humavox
to bring wireless charging to a broad array of products and
technologies, while enabling efficient and uninterrupted usage of
battery power. As part of this strategic partnership, Stanley Black
& Decker is the lead investor in Humavox’s current funding
round.
This cooperation signals a significant step in Humavox’s
progression into the commercial and industrial space. This
partnership will help Humavox make wireless charging more feasible
and more readily available.
The strategic partnership is led by Stanley Ventures, a division
of Stanley Black & Decker. Humavox is paving the way for
widespread 3D wireless charging. With Humavox technology, everyday
objects can turn into "hidden chargers," including anything from
car cup holders and gym bags, and more. The company's technology
uses near-field radio frequency (RF) charging to transform any of
such "storage instrument/device/object" into a charger, so that
users can keep using their portable electronics fully powered.
ETERNAⓇ, Humavox’s wireless charging technology, is a flexible
platform comprising proprietary semiconductor devices (chipsets),
state of the art algorithms and high compatibility with off the
shelf components that features a receiving chip that is small
enough to fit into the tiniest device.
“This investment further solidifies Stanley’s partnership with
Humavox to bring wireless charging capabilities to both commercial
and industrial applications,” says Larry Harper, VP, Stanley
Ventures, the corporate venture arm of Stanley Black &
Decker.
“Humavox provides seamless wireless charging experiences,
without changing user’s usability habits, and the advanced
integration required for wireless charging across various apps and
products, which were unaddressed by wireless charging before,” says
Omri Lachman, CEO of Humavox. “Of all the advanced technologies
currently being developed in Israel, we are proud to be Stanley’s
first investment in the region.”
About Stanley Black & Decker:
Stanley Black & Decker, an S&P 500 and FORTUNE 500
company, is the world's largest provider of tools and storage, the
world's second-largest commercial electronic security company, and
a leading engineered fastening systems provider, with unique growth
platforms in the Oil & Gas and Infrastructure industries.
Well-known brands include: STANLEY, BLACK+DECKER, DEWALT,
Craftsman, Porter-Cable, Bostitch, Facom, Mac Tools, Proto, Vidmar,
Lista, and more. Learn more at
http://www.stanleyblackanddecker.com.
About Humavox
Humavox is an innovative developer of groundbreaking technology
in the field of wireless power. With its ETERNA platform, Humavox
uses near-field radio frequency (RF) technology, and provides users
with a simple and intuitive charging experience (“drop &
charge”). The technology can be implemented in the smallest of
devices, such as hearables, wearables and IoT devices. Humavox was
founded in 2010 by Omri Lachman (CEO) and Asaf Elssibony (VP
Innovation), and is based in Israel. For more information, visit
http://www.humavox.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20180612005821/en/
Company Media Contact:Alona Stein, +972-507782344 (cell)Blonde
2.0 for Humavoxalona@blonde20.com
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