Future Electronics and Powercast Sign Global Distribution Agreement
Montreal, Canada and Pittsburgh, PA — Apr 13, 2010 — Powercast Corporation, a pioneer in the field of RF energy harvesting and wireless power, and Future Electronics announced today that they have entered into a worldwide franchise distribution agreement. Under the terms of the agreement Future Electronics will distribute Powercast’s full line of Powerharvester™ receivers and Powercaster™ transmitters.
“We are excited by the addition of Powercast to the Future line card,” said Frantz Saintellemy, Corporate Vice President and Chief Technology Officer, Future Electronics. “Powercast is the first supplier in our energy harvesting portfolio, and they are working with several of our existing major suppliers on low-power applications. We see energy harvesting as a high growth sector in the near future and envision many potential applications enabled by Powercast’s technology that are in alignment with our Future Energy Solutions group”.
“Future Electronics is a world-class, global distributor with broad capabilities in field sales, engineering and system design support for electronic components,” said Harry Ostaffe, Director of Marketing and Business Development, Powercast. “We are looking forward to working with Future Electronics in enabling customers to create devices that can be powered wirelessly from radio waves with our unique and patented technology”.
Future Electronics’ initial stock will include Powercast’s new P1110 and P2110 Powerharvester receivers, which are available immediately.
About Powercast (www.www.powercastco.com)
Powercast Corporation is a leading innovator of RF energy harvesting and wireless power technology. Founded in 2003, Powercast’s proprietary core technology and related intellectual property pioneered the model for completely untethered electronic devices by transmitting and harvesting common radio waves similar to those in wireless communications. Powercast’s technologies eliminate or reduce the need for batteries, extend sensor networks into hard-to-service locations and enable greater system efficiency in applications such as building automation and energy management.
About Future Electronics (www.futureelectronics.com)
Headquartered in Montreal and operating in 42 countries around the world, Future Electronics has earned an impressive reputation for the strength of its commercial and technical competencies through all stages of the design-production cycle, and for developing efficient, comprehensive global supply chain solutions. Future Electronics is globally integrated, with one worldwide IT infrastructure providing real time inventory availability and access, while enabling full integration of operations, sales and marketing worldwide. Offering the highest level of service, the most advanced engineering/design capabilities and technical solutions, and the largest available-to-sell inventory in the world, the company’s mission is always to Delight the Customer.
Martin H. Gordon
Director, Corporate Communications
514-694-7710 x 2236
Director, Marketing & Business Development