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November 21, 2011
LONDON, 21 November, 2011 — Qualcomm Incorporated (NASDAQ: QCOM) has acquired substantially all of the technology and other assets of HaloIPT, a leading provider of wireless charging technology for electric road vehicles. Covington & Burling LLP advised HaloIPT on the transaction. HaloIPT's financial adviser was Innovator Capital, the London based cleantech specialist investment bank. “We are immensely proud of what has been achieved by our team at HaloIPT over the past 18 months,” said John Miles, executive chairman of HaloIPT and a director at Arup. “In that short space of time, we have brought world-class university research to the attention of the global automotive industry and, through really innovative design, demonstrated the potential for wireless charging in front of several of the world’s leading OEMs. That has been a terrific achievement.” The Covington corporate team was led by London-based partners Peter Laveran and Louise Nash, who were assisted by associate Emilie Jones. Also advising on the deal were Washington-based partners Laurie Self and Lee Tiedrich, and associate Sarah Spurgeon (IP); London-based special counsel Chris Bracebridge and associate Robin Wolfenden (employment); New York-based partner Robert Heller (tax) and London-based of counsel Guy Dingley (also tax). Covington’s clean energy and climate industry group, which includes more than 80 lawyers worldwide, focuses on innovators and industry leaders in renewable and clean energy sources, efficient uses of energy, water and other materials, advanced vehicle technologies and the generation and use of emission allowances.