Amway parent Alticor seeks buyers for intellectual property from eCoupled wireless power business
Oct 1, 2012
ADA, Mich., Oct. 1, 2012 /PRNewswire/ -- Alticor, parent company of Amway, is seeking buyers for its eCoupled™ wireless power intellectual property (IP) developed by its subsidiary, Fulton Innovation.
For the past several years, Fulton Innovation has invested in the research, development and commercialization of intelligent wireless power for consumer electronics and automotive applications. The company entered this business after developing wireless power for eSpring®, an innovative water filtration device sold by Amway distributors.
Fulton Innovation developed eCoupled and more than 240 patents worldwide with another 480 patents pending. Fulton Innovation also has played a leading role in establishing the global standard in wireless power (Qi) and the international Wireless Power Consortium that networks more than 100 industry players.
"While the wireless power market is gaining momentum," said Jim Weaver, vice president, Alticor, "Alticor's primary focus is offering business opportunity in the health, wellness and beauty industries. We are seeking a buyer that is well-positioned to accelerate adoption of wireless power and to maximize the potential of eCoupled intellectual property."
Alticor intends to work with the eventual buyer to honor and support existing licensing agreements. Amway plans to retain licensing to intellectual property used in eSpring products sold by Amway distributors.
Alticor Inc. connects entrepreneurs around the globe with unparalleled opportunity and consumers with premier products. It is the parent company of four distinct and dynamic businesses: Amway, Access Business Group LLC, Alticor Corporate Enterprises and Fulton Innovation. Alticor employs more than 20,000 people worldwide, including more than 800 scientists, engineers, and technicians. Alticor reported 2011 sales of more than $10.9 billion and has operations in more than 100 countries and territories worldwide. www.alticor.com
SOURCE Alticor Inc.
For further information: Clare Wade, +1-616-676-6879 mobile, firstname.lastname@example.org, globalnews.amway.com