iGo® and Texas Instruments to Collaborate on an iGo Green® Chip
finance.yahoo.com
Press Release Source: iGo, Inc. On Thursday November 4, 2010, 4:01 pm EDT
SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- iGo, Inc. (Nasdaq:IGOI - News), a leading provider of eco-friendly power management solutions and mobile electronic device accessories, today announced that it is collaborating with Texas Instruments on the development of an integrated circuit to help implement iGo’s patented iGo Green Technology.
iGo Green Technology is an innovative new power-saving technology that virtually eliminates wasteful and expensive standby power, or “vampire power,” which results from chargers continuing to draw electricity when a mobile electronic device no longer requires charging or is disconnected from the charger.
iGo intends to utilize the integrated circuit for use in its own products once the development is completed, which is expected to take approximately one year. In addition, iGo intends to make the new chip available to OEMs that want to reduce the consumption of vampire power in the power supplies shipped with their products.
“Working with a premier semiconductor company like Texas Instruments is a significant step in further commercializing our iGo Green Technology,” said Michael D. Heil, President and Chief Executive Officer of iGo, Inc. “We believe that putting iGo Green Technology on a chip will enhance our ability to partner with laptop and mobile electronic device OEMs on the adoption of this unique eco-friendly technology for their own power solutions. In addition, utilizing an integrated chip will also reduce the manufacturing cost of our own iGo Green products, which we expect to have a positive impact on our gross margin.” |
