Medigus: Charging Robotics Announces Positive Results in Transferring High Voltage Wireless Electricity Needed for EV Charging
December 27 2023 - 8:10AM
Medigus Ltd. (Nasdaq: MDGS), a technology company engaged in
advanced medical solutions, innovative internet technologies, and
electric vehicle and charging solutions, today announced that
Charging Robotics Ltd. ("Charging Robotics"), a subsidiary of Fuel
Doctor Holdings, Inc., (“FDOC”) a Delaware corporation listed on
the OTC Market (67.15% owned by Medigus), announced today it has
successfully completed an important milestone towards the
installation of its wireless charging system in automatic car parks
as part of its pilot program with an automatic car park provider in
Israel.
This milestone included a successful experiment
for transferring high voltage (up to 450 V) electricity in a
wireless manner needed for electric vehicle (“EV”) charging. The
experiment was conducted in order to verify that the proprietary
voltage and current control algorithms developed by Charging
Robotics are capable of controlling the voltage and current within
the required limits.
The experimental system included two resonance
coils designed and manufactured by Charging Robotics. These coils
were held at an air gap distance of 40mm. The electricity was
transferred from one coil to the other by means of electromagnetic
induction.
The source for the electricity was a direct
current electricity (“DC”) power supply fed from 3 phase grid power
sources. The DC power was converted to alternating current (“AC”)
at resonance frequency using a power circuit designed by Charging
Robotics that fed the transmitting coil. From the receiving coil,
the induced power was converted from AC to DC using a similar power
circuit. All algorithms needed for the control of the system were
developed by Charging Robotics.
This successful experiment will enable the pilot
program to progress to the next step, which is the full charging of
an EV using the wireless charging system developed by Charging
Robotics at a higher voltage. If the next trial is successful it
will be followed by the installation of the system at the automatic
car park to be used for wirelessly charging EVs.
According to Market.us1, the global Automated
Parking System market was valued at USD 1.8 billion in 2022 and is
expected to grow to USD 5.2 billion by 2032. Between 2023 and 2032,
this market is estimated to register a CAGR of 11.4%. Alongside the
expected growth in the EV market, the combination of EVs and
automated parking creates potential for a more sustainable and
efficient future for transportation.
About Charging Robotics
Charging Robotics is developing various
automatic wireless charging solutions such as robotic and
stationary charging systems for electric vehicles. Robotic
solutions are intended to offer the driver the ability to initiate
charging by use of a simple smartphone app so that an autonomous
robot will navigate under the vehicle and charge it. Stationary
systems offer various solutions for example in automatic car parks
allowing to charge EVs in places where drivers can’t connect plugs
to sockets. For further information,
visit: https://www.chargingrobotics.com/
About Medigus
Based in Israel, Medigus Ltd. (Nasdaq: MDGS) is
a technology company focused on innovative growth partnerships,
mainly in advanced medical solutions, digital commerce and electric
vehicle markets. Medigus' affiliations in the medical solutions
arena include ownership in Polyrizon Ltd. and ownership in industry
4.0 company, ScoutCam Inc. The Company’s affiliates in digital
commerce include Gix Internet Ltd., Jeffs' Brands Ltd. and Eventer
Technologies Ltd. In the electric vehicle market, Charging Robotics
Ltd. and Revoltz Ltd. are also part of the Company’s portfolio of
technology solution providers. To learn more about Medigus’
advanced technologies, please
visit http://www.medigus.com/.
Forward-Looking Statements
This press release contains forward-looking
statements within the meaning of the “safe harbor” provisions of
the Private Securities Litigation Reform Act of 1995 and other
Federal securities laws. Words such as “expects,” “anticipates,”
“intends,” “plans,” “believes,” “seeks,” “estimates” and similar
expressions or variations of such words are intended to identify
forward-looking statements. Because such statements deal with
future events and are based on Medigus’ current expectations, they
are subject to various risks and uncertainties, and actual results,
performance or achievements could differ materially from those
described in or implied by the statements in this press release.
For example, Medigus uses forward looking statement when describing
the potential of the automated parking market and the wireless
charging system’s ability to satisfy market needs.
The forward-looking statements contained or
implied in this press release are subject to other risks and
uncertainties, including those discussed in any filings with the
SEC. Except as otherwise required by law, Medigus undertakes no
obligation to publicly release any revisions to these
forward-looking statements to reflect events or circumstances after
the date hereof or to reflect the occurrence of unanticipated
events. References and links to websites have been provided as a
convenience, and the information contained on such websites is not
incorporated by reference into this press release. Medigus is not
responsible for the contents of third-party websites.
Company Contact:Tali DinarChief Financial
Officer+972-8-6466-880ir@medigus.com
Investor Relations Contact:Michal
EfratyInvestor Relations,
Israel+972-(0)52-3044404michal@efraty.com
_______________________
1 https://www.globenewswire.com/en/news-release/2023/04/11/2644888/0/en/Automated-Parking-System-Market-projected-to-achieve-a-valuation-of-US-5-2-billion-by-2032-with-Europe-leading-the-market-share-at-42.html
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