MALVERN, Pa.--(BUSINESS WIRE)--Momentum™ Dynamics, the leader in fast, high-power, automatic wireless charging for electric vehicles and other equipment, announced today that its Board of Directors has named former General Motors executive Tony Posawatz, a leading expert on vehicle electrification, to the position of Chairperson of the Technology Advisory Board.
Said Momentum Dynamics' CEO Andy Daga, “We are delighted Tony will be joining Momentum Dynamics. His experience and reputation in product innovation, planning and strategy, program management, corporate finance, and extensive knowledge of the automotive industry will provide MD a unique perspective and advantage as we commercialize our technology with our strategic partners.”
Posawatz has over 30 years of automotive industry experience, 20 years of which has been as an executive, where he is best known for his leadership role as GM’s Vehicle Line Director for the Chevy Volt. Recognized as a technology and product champion, Posawatz lead his product development teams to numerous awards for automotive excellence including both the MotorTrend “Truck of the Year” and “Car of the Year” honors (only auto leader to achieve both). The Chevy Volt is the only vehicle produced in the U.S. ever to receive both the North American and European “Car of the Year” awards in the same year.
With this announcement, Posawatz said, “I am impressed with the atmosphere of this company, from the leadership, to the engineering team, and the commitment of investors, and other advisors. With the continued growth of vehicle electrification in both the personal and commercial sectors, Momentum Dynamics uniquely fills a very important and unfulfilled need that allows electric drive customers to conveniently AND quickly refuel using low cost, domestically produced energy. MD's advanced high power wireless technology can reduce conventional charging times by over 75% in many cases, and provide hassle-free sustainable mobility solutions to our partners. With fast and high-power wireless charging, you may never have to plug-in your electric drive vehicle again.”
Previously, Posawatz has served as the Chairman of the Board of the Electric Drive Transportation Association (EDTA), the leading association for the electric vehicle industry, and is viewed as one of the industry’s leading experts in electric drive technology and related eco-system (including innovative business models).
Posawatz is the former CEO of Fisker Automotive, and currently serves as President and CEO of Invictus iCAR, LLC, an automotive innovation consulting and advisory firm.
About Momentum™ Dynamics Corporation:
Momentum Dynamics is an advanced electronics company and a leader in the development of high-power wireless charging for the electromobility and transportation markets. The company has innovated resonant magnetic induction systems to transfer tens of thousands of watts of power with very high efficiency. Momentum Dynamics is composed of experienced business and automotive industry executives, former government officials and U.S. defense and space technology engineers. www.MomentumDynamics.com