Splashpower Signs Licensing Agreement with Alba

 

Alba-Designed Products to be Based on Splashpower's Inductive Charging Technology

CAMBRIDGE, U.K. -- February 5, 2008 -- Splashpower® Ltd., a Cambridge, U.K.- based developer of wireless power technology, announced today that it has signed a licensing agreement with Alba plc, a major U.K. brand manufacturer, to distribute wireless power products to the consumer market.

Under terms of the agreement, Alba will design and manufacture products based on Splashpower's purchased through retail stores and online. The universal charger will support a range of mobile phones and MP3 players.

In a second phase of market development scheduled for Q4 2008, Alba and Splashpower will support the integration of wireless power receivers into a range of handheld consumer devices with technology and manufacturing expertise.

Commenting on the agreement, Bill Campbell, Splashpower's chief executive officer (CEO), remarks: "We are pleased to have this agreement in place with Alba. The combination of Splashpower's technology and intellectual property with Alba's proven manufacturing and distribution experience is a unique combination that will deliver wireless products in volume to consumers for the first time."

"We believe the wireless power market has exceptional growth potential and Splashpower leads this area with its unique technology," says Daniel Harris, CEO of Alba. "By utilizing the strengths of both companies, we believe we will provide products with significant consumer appeal as well as providing users with the ultimate in charging convenience."

About Alba

Alba plc is a leading distributor in the U.K. and Europe of consumer electrical goods. Alba Group's strategy is powered by organic development combined with targeted strategic acquisitions. This strategy is matched by comprehensive resource facilities throughout the Group.

More details can be found at: www.albaplc.com.

About Splashpower

Privately held Splashpower Ltd., based in Cambridge, U.K., is the world leader in wireless power technology development. Its inductive charging technology enables power to be transferred without wires to a range of mobile devices. In addition to the convenience this offers users, the technology supports charging on a single platform rather than the current charger-per-device model.

Its street address is: The Jeffreys Building, Cowley Road, Cambridge, CB4 0WS, U.K. Telephone: +44 (0)1223 422340. Facsimile: +44 (0)1223 422339. Email: info@splashpower.com. Its website is located at: www.splashpower.com.

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Splashpower is a registered trademark of Splashpower Ltd. Alba and Splashpower acknowledge trademarks or registered trademarks of other organizations for their respective products and services.