Alliance For Wireless Power And Power Matters Alliance To Merge - Quick Facts

(RTTNews) - The Alliance for Wireless Power or A4WP and Power Matters Alliance or PMA announced the organizations have signed a Letter of Intent to merge and establish an organization that will accelerate the availability and deployment of wireless charging technology on a global scale.

The A4WP and PMA have agreed in principal to the terms of the merger that is expected to close by mid-2015. The merger caps a productive year between the two organizations that announced a separate collaboration agreement in February, 2014.

Under terms of the Letter of Intent, the new entity will operate under a to-be-announced new name. The A4WP and PMA Boards will combine and feature a roster of global consumer brands, supply chain and market leaders: AT&T, Broadcom, Duracell, Flextronics, Gill Electronics, Integrated Device Technologies (IDT), Intel, Powermat, Qualcomm, Samsung Electronics, Samsung Electro-Mechanics, Starbucks and WiTricity.