Sept 27.2017

Technical Alliance with WiTricity Corporation of U.S.
in Wireless Power Transfer Technology for EVs

Tokyo-based Shindengen Electric Manufacturing Co., Ltd. (hereafter, Shindengen) has signed a license
agreement on Wireless Power Transfer (hereafter, WPT) Technology with U.S.-based WPT technology
developer WiTricity Corporation (of Watertown, Massachusetts, hereafter, WiTricity) in the field of electricvehicles (EVs).

By installing WPT system to an EV, the utility power can be transferred to a vehicle-mounted receiver coilcordlessly via a ground-based transmitter coil to charge vehicle- mounted batteries. WiTricity's WPTtechnology is referred to as a magnetic resonance coupling method, with features that include the ability totransmit electric power with high efficiency even when there is long distance between the transmitter coiland receiver coil. The fact that this method is highly robust against misalignment between the transmittercoil and receiver coil makes it suitable for EV charging application. Commercial development of thissystem can greatly improve convenience when charging EV batteries, only by bringing a car over to thetransmitter coil installed at home or parking lot.

Shindengen is active in the vehicle-mounted products sector, which includes motorcycle electrical
products where Shindengen boasts the top global share, as well as automotive semiconductor devices,
on-board chargers (OBCs), converters, and electronic control units (ECUs), and in the industrial
equipment sector with a wide range of power supply equipment such as ac chargers and dc quick chargers
for the charging infrastructure. In the wake of this technology license agreement with WiTricity,
Shindengen will utilize long-cultivated miniaturization and lightweight technologies of highly reliableautomotive components, as well as highly efficient, compact and environment-resistant design
technologies and communication/control technologies for infrastructure equipment, to promote earlycommercialization of WPT systems for EVs.

About WiTricity
WiTricity (established in Massachusetts, USA in 2007) develops solutions to enable wireless powertransfer over distance using its patented magnetic resonance technology. WiTricity works with top global
carmakers and Tier 1 suppliers to deploy magnetic resonance solutions, helping realize a future oftransportation that is electrified, shared and autonomous. WiTricity supports consumer electronics,
industrial and medical wireless solutions through licensee partners. See how WiTricity makes EV charging
easy. Visit www.witricity.com, or follow on Facebook, Twitter and LinkedIn.
About Shindengen
Shindengen (established in Tokyo in 1949) is one of the few power electronics companies in the world thatcombines power semiconductor process technology, high-efficiency power conversion technology, andhigh-density packaging technology. Among the products being developed and manufactured at
Shindengen are various power semiconductors, electrical devices for motorcycles and cars, telecom
rectifier equipment, and various power conditioners for solar power and electric storage. By combining anddeveloping its core technologies, Shindengen is creating products that will help realize a low-carbon
society.