Kcm Holdings Corp (fka KCMH)

[RG]

KCM Holdings Announces Wireless Power Company Deal
Date : 01/05/2010 @ 9:05AM
Source : Business Wire
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KCM Holdings Announces Wireless Power Company Deal




KCM Holdings Corp (OTC:KCMH) announces today, that a letter of intent was signed to incubate a wireless power company. The company has strategic agreements with Intel Corp (NASDAQ:INTC) for the development of its innovative energy products and with the help of KCM Holdings, aims to become a publicly traded company in 2010

They are developing a family of wireless solutions for intelligent automation, control and energy management, and using leading edge power and communication networks. Along with its partners, they will seamlessly connect mobile, wireless and electronic devices to existing global wired and wireless infrastructures. Their products will not only save users money, but will also provide technological advancements such as being able to wirelessly charge a cell phone or laptop without the need for power cables or "smart pads." A definitive agreement with KCMH is being prepared. Upon finalization, more details about the company, its management, the LOI, and the terms of the definitive agreement will be announced. The pending incubation will add substantial value for KCMH shareholders providing excellent diversification to the company’s already successful portfolio

"Many have believed wireless power to be a technological impossibility, but we are very excited to be part of turning perceived improbabilities into science fact and financial success," states Donald Klein, CEO of KCM Holdings

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