Samsung makes first NZ investment, in world-first wireless tech

Mon, 30 Sep 2013

By Pattrick Smellie Sept 30 (BusinessDesk) – Global telecommunications giant Samsung of Korea has taken a stake in Kiwi wireless power system innovator PowerbyProxi, investing $4 million in a deal to start licencing the firm’s consumer electronics and home appliance wireless power technology. The strategic partnership is a huge win for PowerbyProxi, a spin-out company from University of Auckland’s School of Engineering, based in the city’s Freeman’s Bay. It is not only the first investment in New Zealand technology by Samsung, the global mob...

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