Ossia Announces Preferred Partnership and Strategic Investment Deal with FIH Mobile

Originally posted on Bloomberg.com on 6/30/20

Business Wire

NEW TAIPEI CITY, Taiwan & BELLEVUE, Wash. -- June 30, 2020

Ossia Inc. (Ossia), the company behind Cota® Real Wireless Power™, today
announced a strategic partnership with FIH Mobile Limited (FIH). By joining
forces, FIH and Ossia will together deliver unique design and manufacturing
capabilities for the Cota technology.

FIH is a leading design, development and manufacturing services provider,
offering a comprehensive array of services for leaders in the handset and
wireless communications industries. From product design, development,
integration/testing, to manufacturing and assembly, to after-sales services
and repairs, its customer-focused, highly integrated approach ensures top
quality execution and rapid delivery of everything.

Ossia’s FCC-certified Cota technology efficiently delivers targeted energy to
devices at-a-distance without wires, cables, or charging pads. FIH brings
best-in-class capabilities to collaborate with brands and product companies
looking to design, integrate and develop Cota Real Wireless Power into their
products.

The partnership with Ossia includes a strategic investment in the company to
bring Cota Real Wireless Power to market. Utilizing FIH’s extensive breadth of
design, manufacturing and total solution capabilities, including hardware,
software, mechanical, quality validation/testing, cloud and services, FIH will
bring unique value to brands looking to integrate Cota.

“Our alliance with Ossia allows FIH to facilitate the design, integration and
manufacturing of products embedded with Cota wireless power,” said Dr. Kuo
Wen-Yi, Executive Director, FIH. “FIH has invested in Ossia as a vote of
confidence in the company as the leader in wireless power technology.”

Ossia continues to license its Cota technology to a growing ecosystem of
brands, system integrators and device makers across the world. Ossia has
received two FCC certifications for Cota wireless power systems last year,
with many more planned as Cota-enabled products continue to develop. Ossia has
a network of partners to refer licensees of the Cota technology to purchase
silicon chips, complete integration design and manufacture Cota-enabled
products. FIH joins the Cota ecosystem to accelerate bringing Real Wireless
Power products to market.

“The Cota ecosystem became significantly stronger today as Ossia is a
technology licensing company that depends on our partners for the integration
and manufacturing of Cota-enabled products,” said Doug Stovall, Chief Revenue
Officer of Ossia. “We are thrilled to add the largest contract manufacturer in
the world, FIH, to our stable of partnerships to firmly establish Cota as the
global standard for wireless power. FIH not only brings manufacturing, but
electronic optimization, design and volume pricing that will change the
dynamic for brands seeking to integrate Cota into their portfolio.”

About FIH Mobile Limited

As a subsidiary of Hon Hai Foxconn Group (https://www.foxconn.com) and a
leader in the mobile device industry worldwide, FIH offers vertically
integrated design, development, and manufacturing services that are a
comprehensive range of end-to-end engineering services and manufacturing
services to its customers in respect of handsets, mobile/wireless
communication devices and consumer electronic products. In light of moving
into the Internet era and exploring new business opportunities, FIH has also
been engaged in 5G, IoV (Internet of Vehicle) and AI for building up the
Internet and the mobile ecosystem. Visit our website at http://www.fihmb.com/.

About Ossia

Ossia Inc. is leading the world on what is possible with wireless power.
Ossia’s flagship Cota® technology redefines wireless power by safely
delivering remote, targeted energy to devices at a distance. Ossia’s Cota
technology is a patented smart antenna technology that automatically keeps
multiple devices charged without any user intervention and enables an
efficient and truly wire-free, powered-up world that is always on and always
connected. Ossia is headquartered in Bellevue, Washington. Visit our website
at www.ossia.com.

Related Links

http://www.ossia.com
http://www.fihmb.com/

View source version on businesswire.com:
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Contact:

Media Contact:
Ossia
Jennifer Grenz
jeng@ossia.com