ON Semiconductor And PowerSphyr Announce Agreement To Accelerate Development Of Universally Compatible Wireless Power Solution

FOR IMMEDIATE RELEASE

DANVILLE, CA – June 29, 2017 – ON Semiconductor (NASDAQ:ON) and PowerSphyr Inc. today announced an agreement to develop and market one of the industry’s most promising wireless power solutions for consumer electronic devices and the fast-growing IoT space.The agreement calls for ON Semiconductor to integrate its efficient power management components with PowerSphyr’s wireless power transfer (WPT) technology, which combines near-field and far-field wireless charging, to create a new class of chipsets targeted at Original Equipment Manufacturers (OEMs).The companies expect to develop the world’s first universally compatible wireless charging solutions that support interoperability with the major wireless power standards to allow device charging without cables or connectors. Inside each device enabled by PowerSphyr, there will be a system based on the new application specific integrated circuits (ASICs) with support through ON Semiconductor’s global sales and technical support teams. Over the long term, PowerSphyr will continue to share future technology with ON Semiconductor to create new opportunities for further semiconductor integration.“ON Semiconductor is pleased to work with PowerSphyr to develop a new class of ASICs that combine both companies’ proprietary technologies and provide OEMs with an opportunity to improve the consumer experience in wireless charging,” said Bob Klosterboer, executive vice president and general manager of the ON Semiconductor’s Analog Products Group.PowerSphyr CEO Neil Ganz adds, “Support from ON Semiconductor’s foundry and global distribution network will accelerate the production of the world’s first universally compatible chipset that drives near-field and far-field seamlessly into a comprehensive solution.”ON Semiconductor ranks among the world’s largest, non-memory semiconductor companies. The chip-maker is a leading supplier of integrated circuit solutions to various markets, including mobile communications, computing and IoT. The company operates state-of-the-art fabrication facilities with more than 30,000 employees supporting custom design, engineering and manufacturing around the globe.Based in the San Francisco-Bay Area, PowerSphyr has developed a first-to-market, multi-technology wireless power architecture that supports RF-to-DC, Magnetic Resonance, as well as backwards compatibility for legacy inductive charging (e.g. Qi, PMA).“ON Semiconductor’s chip-making expertise, combined with PowerSphyr’s unique IP, creates the perfect synergy to drive adoption of next-generation wireless charging,” said David Meng, founder, chief marketing and chief technology officer. “The level of compatibility that our solutions offer is unprecedented and eliminates the difficult choices today facing OEM device-makers when selecting one standard over another.”

About PowerSphyr

PowerSphyr Inc. is revolutionizing wireless power transfer with its first-to-market, multi-mode technology. 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. The PowerSphyr advantage is based on its unique ability to manufacturer and market its branded consumer products and turnkey solutions to OEM device-manufacturers to satisfy regulatory compliance and safety requirements. PowerSphyr's solutions are universally compatible with the major wireless standards. For more information, visit www.powersphyr.com.

About ON Semiconductor

ON Semiconductor (Nasdaq: ON) is driving energy efficient innovations, empowering customers to reduce global energy use. The company is a leading supplier of semiconductor-based solutions, offering a comprehensive portfolio of energy efficient power management, analog, sensors, logic, timing, connectivity, discrete, SoC and custom devices. The company’s products help engineers solve their unique design challenges in automotive, communications, computing, consumer, industrial, medical, aerospace and defense applications. ON Semiconductor operates a responsive, reliable, world-class supply chain and quality program, a robust compliance and ethics program, and a network of manufacturing facilities, sales offices and design centers in key markets throughout North America, Europe and the Asia Pacific regions. For more information, visit http://www.onsemi.com.

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ON Semiconductor Media Contact

Beth Johnston beth.johnston@onsemi.com, 208.234.6738

Media Contact

Greg Berardi, Blue Marlin Partnersgreg@bluemarlinpartners.com, 415.239.7826