Amway parent Alticor markets wireless-power patents
Alticor Inc., parent company of Amway, has selected Ocean Tomo as an advisor for the sale of its eCoupled wireless power patent assets developed by Alticor subsidiary Fulton Innovation in Ada.
Ocean Tomo, based in Chicago, provides a variety of services related to intellectual property, including valuation of corporate intellectual property, research, ratings, capital investments, risk management and transactions. The firm’s clients include corporations, law firms, government and institutional investors.
Amway announced in October it is seeking buyers for the intellectual property developed by its eCoupled wireless power business. For several years, Alticor and Fulton Innovation have been developing intelligent wireless power for consumer electronics and automotive applications. The company entered the field after developing wireless power for eSpring, a water filtration device sold by Amway distributors.
In August, Fulton Innovation announced that its eCoupled product is being rolled out in Kitchen 67 Brann’s Café in Grand Rapids, which will allow customers to wirelessly charge their Qi compatible mobile phones, simply by placing the phone on their table.
Amway said Fulton Innovation has “played a leading role in establishing the Qi global standard in wireless power and is a founding member of the Wireless Power Consortium that now numbers more than 130 industry players.”