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Wireless Power Companies Merge, But No Real-Life Devices Yet

Posted by timothy on from the wait-'til-you-can't-avoid-the-power-zones dept.

A hopeful anonymous reader writes "It looks like Splashpower (Or what is left of it anyway) was purchased by the company behind eCoupled. Hopefully this means that interoperable wireless power is one step closer to reality as two of the companies trying to comercialize the technology are now the same." (US readers, read "administration" as "bankruptcy.")

1 of 48 comments (clear)

  1. administration isn't chapter 7 by igb · · Score: 4, Insightful

    In UK law, administration is closer to US Chapter 11 than Chapter 7; the company is assumed to be capable of being returned to the status of a going concern, rather than a set of assets and liabilities pending liquidation. But in the US the management of the company would normally remain as debtors in possession; in the UK an administrator is more hands-on than a US trustee, has to be agreed by the court, and works for the creditors rather than the shareholders. ian