Metaboards announces Executive Chairman appointment
Oxford – 8th February 2022 Wireless charging business Metaboards has announced the appointment of Simon Harris to the newly-created role of Executive Chairman.
Harris has a track record, both as investment director and co-founder, in raising more than £40m worth of funding for early-stage technology businesses and taking them to market. He joins the company at a crucial stage as it seeks further investment to develop a market-ready prototype of its charging platform.
The Oxford University spin-out is developing an all-in-one charging solution for small devices, often referred to as wearables or hearables. These are growing in popularity but currently need to be charged individually. The platform will end this inconvenient and inefficient process by allowing owners to place several devices anywhere on its surface. These will then be located by the company’s sophisticated algorithm and charged efficiently without the need for multiple leads and chargers.
The product exploits an extension of the NFC (Near Field Communication) technology which has moved from communications-only capabilities, such as allowing phones and watches to make contactless payment, to wireless charging for small devices.
Simon Harris said it this prospect of entering a market with huge growth potential that makes it exciting to be joining the Oxford scale-up business at such a pivotal time in its development.
“This is a wonderful opportunity to work with a business that is set to revolutionise how we charge the growing number of small devices people now own through the latest adaptation in NFC technology.”
“By 2030, it’s forecast that there will be the equivalent of over a dozen wireless devices for every person on the planet and charging each of these with a dedicated wire and charger will be impossible. The future of charging has to be wireless and Metaboards is well placed to be a pioneer and world leader in the field.”
Metaboards’ biggest investor to date is Oxford Science Enterprises. Principal Nick Dixon-Clegg welcomed Simon Harris’s appointment as an important step forward in the young company’s history.
“Simon has a proven track record in raising finance for technology start-ups and leading their growth, and so this is a very exciting appointment for Metaboards. It comes at a critical period for the business as it moves towards demonstrating to the market how its unique approach to wireless charging could enrich the lives of people by replacing multiple leads with a single charging solution.”
Harris is also chair of Cambridge-based Lambda Energy Ltd and an advisor to an Oxford-based investment house specialising in the energy transition.
Oxford-based Metaboards was founded in 2016 by professors and published researchers from Oxford University’s Department of Engineering Science, with the objective of focussing on wireless charging and data transfer using metamaterials. They have patented a transmitter capable of delivering power to multiple devices simultaneously
Plugging in and charging multiple devices is clumsy and inconvenient. Wireless charging today is limited to one device per charger and requires careful alignment. This problem will get worse as the adoption of personal or IoT devices is surging at a rate of more than 20% a year
Metaboards has the solution: its wireless charging technology offers an unprecedented level of freedom. Several devices can charge at the same time anywhere on a large surface, without the need for alignment and all from a single power source.
The company is a pioneer in metamaterials – the science of creating materials in certain shapes, sizes or orientations to give it unique properties that would not be found in nature.
For further information visit www.metaboards.com
Contact Simon Harris email@example.com
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About Oxford Science Enterprises
Oxford Science Enterprises is a Science Business Builder, committed to helping solve the world’s toughest problems for more people, in more places, faster. The company does this by transforming world-leading science into world-changing businesses, partnering the best scientists from the world’s best university with the best business brains. Oxford Science Enterprises grows its companies with care and expertise, investing for real-world impact, not only financial returns, and re-investing proceeds back into the next generation of original research and world-changing businesses.
Since 2015, the company has received an automatic stake in all Oxford University science spinouts and has taken a leading role in creating and building enterprises that address problems that affect people in life-changing ways: their health, the availability of food, the survival of the planet.