Xped Ltd granted Australian patent for unique wireless technology
Thursday, 8 September 2016 Xped Ltd (ASX:XPE) has been granted the patent for its Wireless Device Detection and Communication Apparatus and System (PING) in Australia.The invention relates to systems that allow two or more devices at a close proximity to communicate between each other using near field communication (NFC).Some of the capabilities provided for by PING includes sending carrierless signals between devices to effectively create a wireless link for high speed data transfer.Additionally, the technology enables wirelessly charging a device by positioning one device in close proximity to another device.Xped has also received confirmation that its Arrangement for Managing Wireless Communication Between Devices (ADRC) patent filed in Korea has been granted.ADRC technology allows anyone using their smartphone to connect and control all of their electronic devices.Earlier this week, Martin Despain was appointed as managing director of Xped, effective from 19 September 2016.Despain was recently General Manager, Smart Homes Division, Internet of Things (IoT) Group at Intel Corporation (NASDAQ:INTC).Xped is working on multiple IoT solutions targeted at transportation, industrial and healthcare markets.The company had a cash balance of $9.5 million as at 30 June 2016. Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.
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