On Thursday, in the course of current trade, Shares of QUALCOMM, Inc. (NASDAQ:QCOM), climbed 2.18%, and is now trading at $64.55.
Qualcomm Incorporated and BRUSA Elektronik AG, declared that they have reached a Wireless Electric Vehicle Charging (WEVC) patent license agreement. BRUSA, an automotive Tier 1 power electronics supplier, has licensed Qualcomm HaloTM patented inventions to commercialize WEVC systems for Plug-In Hybrid and Electric Vehicles (EVs). Under the terms of the agreement, Qualcomm granted to BRUSA a royalty-bearing patent license to develop, make and supply WEVC systems for certain automobile manufacturers.
Automobile manufacturers around the world have spotted the huge potential of wireless charging as it is user friendly. BRUSA Elektronik AG has been pioneering technology in this area with its “ICS” wireless charging system which can transfer power to vehicles safely and at high efficiency, eliminating the need for charging cables presently required by EVs. “We are excited about our license agreement with BRUSA; it expands and diversifies the Qualcomm Halo™ supplier network, giving automobile manufacturers another trusted source of our advanced inventions,” said Steve Pazol, vice-president & general manager wireless charging, Qualcomm Incorporated. “Qualcomm Halo licensees can bring to market highly efficient, fit-for-purpose, WEVC systems, which allow convenient charging and improve the EV driver’s user experience. We believe access to Qualcomm Halo technology is important to building WEVC systems that meet the needs of automotive OEMs and their end-customers, counting WEVC systems incorporating magnetics based on a circular coil structure.”
QUALCOMM Incorporated designs, develops, manufactures, and markets digital communications products and services in China, South Korea, Taiwan, and the United States. The company operates through three segments: Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL), and Qualcomm Planned Initiatives (QSI).
During an Afternoon trade, Shares of Hertz Global Holdings Inc (NYSE:HTZ), climbed 0.30%, and is now trading at $16.49.
Hertz Global Holdings, declared the introduction of the Porsche Macan Turbo to its Dream Cars collection, a line of ultra-high-end performance vehicles. This all-new luxury crossover SUV from Porsche joins other Porsche models accessible from Hertz, counting the 911, Panamera, Cayenne, Boxster and Cayman. Hertz’s exclusive Dream Cars collection also comprises luxury models from Mercedes-Benz, BMW, Land Rover, Jaguar and more.
“With the expansion of Hertz Dream Cars to comprise the turbo variant of this extremely popular, bold crossover SUV, we are bringing customers the best options accessible in luxury cars,” said Tom Frese, Senior Vice President, Fleet and Procurement. “Hertz is ongoing to redefine the premium car rental experience, offering a truly unique selection of the finest vehicles on the planet.”
Hertz Global Holdings, Inc., through its auxiliaries, rents and leases cars and trucks in the United States and internationally. It operates in four segments: U.S. Car Rental, International Car Rental, Worldwide Equipment Rental, and All Other Operations.
Finally, Olin Corporation (NYSE:OLN), lost -0.65% on Thursday.
Olin Corporation’s, senior administration will be attending the following conferences in August and September:
August 4th: UBS SMID Cap Conference (Boston, MA)
September 3rd: KeyBanc Basic Materials & Packaging Conference (Boston, MA)
September 16th: Credit Suisse Basic Materials Conference (New York, NY)
Olin Corporation manufactures and sells chlor alkali products in the United States and internationally. The company operates through three segments: Chlor Alkali Products, Chemical Distribution, and Winchester.
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