Solace Power Signs Multi-Year Technology Licensing Agreement with Byrne

Collaboration Brings Wireless Charging to Byrne's Products

MOUNT PEARL, NL, Sept. 20, 2017 /PRNewswire/ - Solace Power Inc., a developer of wireless power technology has signed a multi-year licensing agreement with Byrne, a leading power and data solutions company located in Rockford, Michigan.

Byrne will be integrating Solace's Resonant Capacitive Coupling technology (RC²™) into their mobile power solutions for commercial office, education and healthcare furniture. According to BIFMA, an industry-leading trade association for business and institutional furniture manufacturers, the commercial furniture market is valued at more than $18 billion USD in North America, with a projected annual growth rate of 3.5 percent.¹

"RC² will enable us to deliver new solutions to our customers who are among the most innovative companies in the world," said Byrne CEO, Dan Byrne. "Our customers want a more collaborative and customizable office user experience. Eliminating cables and providing mobile power are key drivers to make this a reality.  We're excited about Solace's RC² technology and the enhanced product capability that we'll be able to deliver to our customers."

"We are delighted to partner with a market leader like Byrne in developing high-quality products for our RC² technology. They're a perfect fit for licensing our technology as we continue to execute on our strategies for growth and profitability," said Kris McNeil, Founder and CEO of Solace Power. "We are excited to be a part of their vision to continually improve their customers' experience."

Solace's patented RC² technology is an adaptable, lightweight wireless power system that enables freedom of movement in charging, while facilitating flexible product design. Products and applications can charge when they are adjacent to, or in the vicinity of the transmitter, giving users increased freedom of movement.  Solace's RC² technology has won numerous innovation awards, including the Sikorsky Entrepreneurial Challenge and the Innovation Leader Award from ACADA, the Atlantic Canada Aerospace and Defence Association.  

About Solace Power

Solace Power is a wireless power research and development company that licenses its RC² technology for applications in the UAV, medical device, office furniture and automotive markets. RC² uses electric fields, which enable a high degree of spatial freedom and misalignment, while allowing flexible and conformal end product design. For more information, visit www.solace.ca or twitter.com/solacepower.

About Byrne

Byrne is a leading power and data solutions company located in Rockford, Michigan that provides technology integration products for contract office, hospitality, and residential furniture manufacturers. Byrne has been awarded more than 500 patents since it was founded in 1971. Byrne operates globally and has distribution and manufacturing locations in Brazil, Mexico, and China.  For more information, visit www.byrne.com.

¹ https://www.bifma.org/?page=Industrymarketsize

SOURCE Solace Power