Market Overview

PowerSphyr Names David Meng Chief Executive Officer

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PowerSphyr,
one of the world's most innovative providers of wireless power
technology, today announced that David Meng, the company's co-founder
and an innovator in the wireless power industry, has been named Chief
Executive Officer.

This Smart News Release features multimedia. View the full release here:
http://www.businesswire.com/news/home/20170815005396/en/

David Meng, PowerSphyr CEO (Photo: Business Wire)

David Meng, PowerSphyr CEO (Photo: Business Wire)

Meng has 17 years of leadership and technology experience in the U.S.
and abroad. Prior to PowerSphyr, he founded and served as CEO of Spectra
Optronics International, an advanced clean technology company
specializing in LED products for general illumination.

Meng succeeds Neil Ganz, who will remain on PowerSphyr's Board of
Directors and will continue to be actively engaged with the company at
the board level.

"PowerSphyr has developed industry-defining wireless power technology
that has applications in virtually every market segment, and I'm very
excited about the future of our company," Meng said. "I look forward to
building on Neil's valuable contribution in launching PowerSphyr and
working closely with the rest of our team to realize the full potential
of our technology and solutions."

Ganz said: "David is uniquely qualified to lead PowerSphyr in the next
phase of the company's growth. He has the rare combination of strategic
vision and technical expertise necessary to make a disruptive technology
like wireless power an enormous success."

Meng has a wide range of experience in technology hardware development,
manufacturing and marketing in the U.S. and Asia. From 2005 and 2010, he
led regional marketing and operations for Multi-FineLine Electronix
(NASDAQ:MFLX), where he managed corporate relationships with the
world's largest contract electronics manufacturers, including HTC,
Foxconn, Flextronics, Asus/Pegatron and Acer/Wistron. Earlier in his
career, he held positions with leading global electronics corporations,
including Wearnes Global headquartered in Singapore and Delta
Electronics, the world's largest power supply manufacturer headquartered
in Taipei.

About PowerSphyr

PowerSphyr Inc. is revolutionizing wireless power transfer with
its first-to-market, multi-mode technology. PowerSphyr offers consumer
products, as well as turnkey solutions to OEM device manufacturers.
PowerSphyr's technology is optimized for seamless delivery of varying
levels of wireless power to consumer electronics ranging from mobile
devices and IoT to medical and industrial applications. PowerSphyr's
solutions are universally compatible with the major wireless standards
and satisfy regulatory compliance and safety requirements. For more
information, visit www.powersphyr.com.

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