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CAMPBELL, CA--(Marketwired - Sep 27, 2016) - Inventergy Global, Inc. ( NASDAQ : INVT ), ("Inventergy") an intellectual property licensing company, announced today that Pabellon, Inc. ("Pabellon"), one of the new partners of Inventergy Innovations, LLC, Inventergy's recently launched subsidiary, is currently engaged with a Fortune 100 company to create a proof of concept (POC) to demonstrate its breakthrough Surface Plane Magnetic Technology™ to continuously charge remote internet devices. The power, sent via Pabellon's surface plane magnetics will be extracted by miniaturized, patented Pabellon receivers mounted on sensory devices. Power is delivered to remote sensing devices and return path data is extracted from these devices to create "smart" sensing environments for many applications.
As part of the engagement, Pabellon plans to demonstrate power, data and sensory applications, which are enabled using Pabellon's surface plane magnetic technology. Importantly, data can be transmitted via secure modulation techniques using Pabellon's technology. Miniaturized receivers can also sense disturbances for security applications.
Joe Beyers, CEO of Inventergy, stated, "Launching this POC demonstrates the significant value opportunity we create for our partners through a unique monetization model that can quickly provide commercialization opportunities on a much larger scale. In less than 10 weeks after forming a partnership with Inventergy Innovations, Pabellon is now heavily engaged with a large multi-national company. We will continue to seek opportunities with targeted investment, shorter time for execution, lower up-front capital outlays and lower operating costs, generating higher returns that can expand our revenue opportunities for our stakeholders."
"We believe that Pabellon's technology can remove barriers impairing the conventional wireless power transfer industry, enabling last mile complete solutions. Pabellon's patented technology opens up unprecedented connectivity for non-radiative power, data and sensing applications," stated Ken Cannizzaro, President of Inventergy Innovations. "The market opportunity for this technology is growing rapidly in a number of potential multi-billion dollar market segments."
"We are confident that this POC will have a positive outcome and demonstrate the value of our innovative technology," said Alex Rubin, CEO and Founder of Pabellon, Inc. "We are also delighted with our engagement with Inventergy. They have helped us to enrich and enhance our IP protection, and refine and focus our value proposition, leading up to this exciting new engagement."
