General > General Technical Chat
The uBeam FAQ
PaulReynolds:
Yep, it's a down round, raising $7.5m on a pre money valuation of $20m
https://liesandstartuppr.blogspot.com/2019/11/ubeam-is-now-sonic-energy-and-raising.html
EEVblog:
--- Quote from: PaulReynolds on November 03, 2019, 06:04:54 pm ---Yep, it's a down round, raising $7.5m on a pre money valuation of $20m
https://liesandstartuppr.blogspot.com/2019/11/ubeam-is-now-sonic-energy-and-raising.html
--- End quote ---
--- Quote ---While the wireless charging market is growing at a CAGR of over 40% and expected to reach ~$21B by 2023, it remains largely untapped due to current technological limitations with induction-based charging methods and many power-at-a-distance technologies being limited by the Federal Communication Commission (FCC). uBeam claims that it has a patent-protected ultrasound technology that is FCC approved and safely transmits wireless power at a distance. IHS Markit also forecasts that by 2030 there will be 125 billion electronic devices that will need safe and always-on power. The largest vertical in this growth market is in IoT (smart home, aerospace, automotive, healthcare, commercial, etc.). uBeam is focused on this space, having already secured POCs with three global tier-1 Original Equipment Manufacturers in the aerospace and electronic device verticals, while also working to provide software and support, enabling potential partners and clients to monitor and run large networks of wireless energy.
--- End quote ---
What's a POC?
Proof Of Concept?
coppice:
--- Quote from: EEVblog on November 04, 2019, 01:35:16 am ---What's a POC?
Proof Of Concept?
--- End quote ---
It usually means proof of concept, but it could be pile of cash in a fund raising context. :)
StillTrying:
The might think they're POCs but they're POSs really.
enabling potential partners and clients to monitor and run large networks of wireless energy.
:-DD
Cerebus:
--- Quote from: EEVblog on November 04, 2019, 01:35:16 am ---
--- Quote ---... uBeam claims that it has a patent-protected ultrasound technology that is FCC approved and safely transmits wireless power at a distance. ...
--- End quote ---
--- End quote ---
An interesting use of weasel words lurking in there I think.
When the people pushing your investment say that you 'claim to have' something instead of simply saying that you 'have' it you know that you're wandering into the wrong territory. Patent ownership and FCC approval are pretty black and white, you either have them or you don't, and a related party feeling the need to qualify that with 'claims' ought really to ring alarm bells.
Perhaps it's just terrible writing and they meant to say instead,
--- Quote ---... uBeam has patent-protected ultrasound technology that is FCC approved and claims that it safely transmits wireless power at a distance. ...
--- End quote ---
but somehow I suspect it's deliberate.
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