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June 12, 2018

Stanley invests in Israeli tech company

Photo | HBJ File Stanley Black & Decker CEO Jim Loree.

New Britain manufacturer Stanley Black & Decker said it’s invested in an Israeli producer of wireless charging technology.

Stanley said Tuesday that its corporate venture arm is the lead investor in Humavox’s ongoing funding round. Stanley didn’t reveal the amount of its investment, but Humavox disclosed in a January filing with the U.S. Securities and Exchange Commission that it’s aiming to raise $9 million.

Humavox is developing a technology platform called ETERNA, which uses near-field radio frequency charging. The technology can be installed in various devices.

The companies said the collaboration will accelerate the Israeli company’s development in the commercial and industrial sectors.

“Humavox provides seamless wireless charging experiences, without changing user’s usability habits, and the advanced integration required for wireless charging across various apps and products, which were unaddressed by wireless charging before,” Humavox CEO Omri Lachman said in a statement.

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