Qualcomm becomes technology partner of FIA Formula E Championship

Qualcomm (NASDAQ: QCOM) has announced a multiyear agreement to become a Technology Partner of the FIA Formula E Championship, the new international electric racing series. Qualcomm’s Halo Wireless Electric Vehicle Charging (WEVC) technology will be used by the Formula E safety cars in the 2014 inaugural season, and will be made available to the race cars from season two.

Halo uses resonant magnetic induction to transfer energy between a ground-based pad and a charging pad on an EV – drivers simply park over the base pad and charging commences automatically.

Qualcomm will also get a chance to tout its other mobile products, as it will evaluate the connectivity of each of the ten venue cities around the world and provide solutions to help enhance the spectator experience, such as live streaming.

“Our collaboration with the FIA Formula E Championship is not just a great opportunity to showcase Qualcomm technologies such as our Halo WEVC system, but to evaluate and improve wireless connectivity and EV technology across the globe, especially in the host cities,” said Qualcomm CEO Paul Jacobs. “We hope this arrangement will leverage mobile technology to enhance the fan experience and impact the global movement towards more sustainable living.”

“The FIA Formula E Championship is going to become a showcase for electric vehicle technology,” said Formula E chief Alejandro Agag. “As the global leader in mobile technology, Qualcomm’s involvement will not only help us develop new advances in EV technology but also to provide our fans and the world’s EV community with the best race viewing experience possible.”                            


Source: Formula E