What is it?
WiTricity is an emerging technology that will enable hardware devices to receive electricity wirelessly. The technology uses coupling between electromagnetic resonant objects, and has proven to charge a 60 watt light bulb using two 5-turn copper coils of 24 in, that were 7 ft away, at roughly 45% efficiency.
Who’s Behind It?
An MIT research team led by Professor Marin Soljačić, founded WiTricity Corp., located in Watertown, MA in late October of 2007.
See WiTricity in Action
Get excited and checkout this video:
Investment Advice
Because WiTricity uses copper coils, many are speculating that there will be a rise in demand for copper worldwide. In addition, there is also speculation that GE will align with MIT to incorporate WiTricity into new product lines.
When WiTricity makes their big IPO, the WiTricity stock symbol can be found here through Google.
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