Contract manufacturing giant Foxconn has signed a deal to make a fast charging graphene-based battery technology.
Foxconn, which makes Apple’s iPhones and is aiming to be a major electric car maker, will scale up the battery technology developed by Appear Inc in San Francisco. The deal covers Appear's IP, technology, performance and networks in the energy industry. Foxconn will provide product development capabilities and smart manufacturing.
"We are very excited to partner with Foxconn," said Prashant Rurs, Founder and CEO at Appear Inc. "Our elite, innovative, futuristic technology together with Foxconn's unmatched manufacturing and quality control practices will take the industry by storm." Appear makes a range of smartphones and licenses its technology to a range of consumer companies.
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In May, Appear bought Dutch levitation technology specialist Crealev, which licenses its technology to industries such as consumer electronics, sports apparel and home automation. The Foxconn deal opens up the automotive market for magnetic levitation shuttles.
"Crealev has been a true pioneer in the industry and has created revolutionary products, solutions and a vibrant experience for brands,” said Rurs. “We're looking forward to working with the incredible talent at Crealev, and bringing together the best hardware, design and engineering to develop Maglev shuttle for transportation in the near future to help more people around the world. With Crealev in our group, specializing in the best consumer electronics, modern battery applications and advanced material science, we are talking about taking things that don't usually float in the air, making them cool and giving them more than a functional purpose."
"More than 15 years ago, we set an audacious company vision, 'We make it float,' said Ger Jensen, Founder of Crealev. "Now, under the umbrella of Appear, its resources and global platform, Crealev can accelerate innovation in consumer electronics, home automation and automotive industry."
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