MOUNT
PEARL, NL, Jan. 17, 2024 /CNW/ - Solace Power, a
world leader in high performance wireless power technology is
delighted to announce a strategic partnership with Gentex
Corporation (NASDAQ: GNTX) ("Gentex"), a leading supplier in
electro-optical products for the global automotive, aerospace and
fire protection industries.
Solace Power's wireless power technology will enable Gentex to
deliver integrated design solutions into next generation of vision,
sensing, connectivity and dimmable glass automotive applications
and a wide variety of other industry solutions. The partnership
with Gentex, together with Gentex's strategic investment in Solace
Power, will enable Solace Power to scale up its team, research and
development efforts, manufacturing, and commercialization of its
products.
Clariti Strategic Advisors Inc. ("Clariti"), a Toronto-based strategic and financial advisory
firm, acted as Solace Power's long term exclusive strategic and
financial advisor, including in connection with Solace Power's
partnership agreement with Gentex.
Neil Chaulk, Chief Executive
Officer of Solace Power said: "Clariti's strategic and financial
advisory expertise has significantly contributed to our progress,
particularly in establishing important partnerships like our
collaboration with Gentex. We are grateful for their unwavering
support."
Rahul Suri, Founder and Managing
Partner of Clariti said: "We are huge believers in Neil Chaulk and the entire team at Solace Power
and the company's technology. Solace Power's expertise in wireless
power and data transfer technology has been recognized to have
unique and flexible design features that customers of both Gentex
and Solace Power will benefit from. It has been and continues to be
an honour to support Solace Power with its corporate strategy and
capital options, and we are pleased to see this exciting
partnership come together with Gentex."
About Solace Power
Established in 2007, Solace Power based in Mount Pearl, NL specializes in crafting
cutting-edge wireless power-based solutions featuring proximity
sensing and data, redefining industry standards. Their patented
technology provides industrial-grade, decoupled power for a world
of previosly unachievable applications in a broad spectrum of
industries. To learn more about Solace's wireless power solutions,
please visit www.solace.ca.
About Clariti
Clariti Strategic Advisors™ is an investment banking and
strategic advisory firm that provides unsurpassed insight,
creativity, integrity and value to its clients. For further
information, please visit www.claritiadvisors.com.
SOURCE Solace Power