Qualcomm, Ricardo sign electric vehicle charging license agreement

Qualcomm Inc. (NASDAQ: QCOM) and Ricardo have entered into a Wireless Electric Vehicle Charging (WEVC) technology license agreement, the companies said.

Ricardo has licensed Qualcomm Halo technology to commercialize WEVC systems for Plug-In Hybrid (PHEVs) and Electric Vehicles (EVs).

Under the terms of the agreement, Qualcomm has granted to Ricardo a royalty-bearing technology license to develop, make and supply WEVC systems for automobile manufacturers. Qualcomm subsidiaries will provide technical expertise and engineering support.

Qualcomm provides 3G, 4G and next-generation wireless technologies.

Ricardo provides multi-industry consultancy for engineering, technology, project innovation and strategy.