Medigus: Charging Robotics Announces Successful Installment of its Wireless Charging System for Automatic Car Parks
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Insights
The introduction of a wireless charging system for automated parking systems by Charging Robotics, a subsidiary of Medigus, represents an innovative leap in the electric vehicle (EV) infrastructure space. This development is particularly noteworthy as urban areas become more congested and the demand for efficient space utilization increases. The ability to charge EVs in automated car parks without the need for manual cable connections addresses a significant logistical challenge, potentially enhancing the appeal of EVs to consumers who lack easy access to charging at home or work.
From an industry perspective, the system's managed charging capabilities are a strategic response to the limitations of electrical supply in dense urban environments. This feature, along with the user-friendly smartphone interface, aligns with the broader trend towards smart, connected and user-centric EV solutions. These innovations could offer Charging Robotics a competitive edge in the market, especially if they can demonstrate reliability and cost-effectiveness in real-world conditions.
However, the success of such a system depends on its integration with existing and future EV models, the scalability of the technology and the adoption rate by parking facilities. While this installation is a pilot project, its outcomes could significantly influence investor sentiment towards Medigus and its subsidiaries if the technology proves commercially viable.
The pilot installation of Charging Robotics' wireless charging system in Tel Aviv is a strategic move to test the market's receptiveness to new EV charging solutions. The technology's ability to operate without special features from the EV suggests a broad potential market. Moreover, the collaboration with Make My Day Ltd. for the development of the user interface could provide valuable insights into user behavior and preferences, which are important for product refinement and market penetration strategies.
Market research indicates a growing interest in EVs and smart city solutions and this innovation taps into both trends. If the system proves successful, it could catalyze further investments in the sector and encourage partnerships between technology providers, parking infrastructure companies and municipalities. The potential for data collection through the user interface could also open up ancillary revenue streams from value-added services and analytics.
Investors should monitor the performance of this pilot closely, as it could serve as a bellwether for the adoption of similar technologies in other markets. The ability of Charging Robotics to scale this solution and secure additional installations will be pivotal in assessing the long-term business impact of this innovation.
The technical aspects of the wireless charging system, such as the use of resonance coils and power electronics circuits based on electromagnetic induction, are key differentiators in the EV charging market. This technology eliminates the need for physical connectors, potentially reducing maintenance costs and improving the user experience. The system's managed charging capability, which prioritizes charging processes based on electricity supply limitations, is reflective of the growing need for smart energy management in EV infrastructure.
Despite the potential benefits, the deployment of such systems faces challenges, including the need for standardization across different EVs and parking facilities and the long-term reliability of the technology. The efficiency of power transfer and the system's ability to adapt to various vehicle models will be critical factors in its adoption. Moreover, the environmental impact of widespread deployment, such as the sourcing of materials for the resonance coils and the life cycle assessment of the system, should be considered.
Investors and stakeholders should look for follow-up reports on the system's performance metrics, energy efficiency and user satisfaction to gauge the viability of broader implementation. The interplay between this technology and existing charging standards will also be an important consideration for the future of EV charging infrastructure.
Tel Aviv, Israel, March 19, 2024 (GLOBE NEWSWIRE) -- Medigus Ltd. (Nasdaq: MDGS), a technology-based company engaged in advanced medical solutions, innovative internet technologies, and electric vehicle and charging solutions, announced today that Charging Robotics Ltd. (“Charging Robotics”), a subsidiary of Fuel Doctor Holdings, Inc., (“FDOC”) a Delaware corporation listed on the OTC Market (
This system was installed by Charging Robotics in an automatic car park facility in Tel Aviv, Israel together with the provider of this facility under a pilot project intended to verify the performance of the system. The system reaches a charging power of 10kW and includes managed charging capabilities to meet a limited supply of electricity and prioritize the charging process. The system includes a user interface installed on the driver’s smart phone, which is used to operate the system, receive updates on the charging process, generate billing reports and other useful information.
Charging Robotics’ wireless charging system is intended to solve a growing problem for electric vehicles (EVs) that are parked in automatic car parks. EVs parked in automatic car parks are in constant movement which prevents the use of charging cables. Charging Robotics believes that this challenge may be solved by its wireless charging system. The system does not require any special features or capabilities from the EV. Automatic car parks are gaining popularity in urban areas since they allow the storage of a significantly larger number of vehicles in the same location compared to regular parking facilities. Vehicles are stored and retrieved in an automatic manner by using elevators and conveyors to automatically move plates on which the vehicle is parked.
The vehicles and plates are stored in places with no access to the drivers, so manually connecting a charging cable is impossible at the final parking position. Using Charging Robotics’ solution, the driver connects the charging cable to a socket on the plate when they admit the vehicle to the automatic car park. As the vehicle reaches the final parking position, electricity is transferred to the plate on which the vehicle is parked wirelessly from the building electricity grid. From the plate to the vehicle, electricity is transferred using regular cables, thus enabling the charging of EVs with no wireless charging capability.
The system was fully designed, built and installed by Charging Robotics and incorporates two resonance coils and power electronics circuits to transfer electricity wirelessly based on electromagnetic induction. The user interface for the system, was developed through Charging Robotics’ cooperation with Make My Day Ltd., a market leader in the field of EV fleet management for minimizing EV battery consumption.
About Charging Robotics
Charging Robotics is developing various automatic wireless charging solutions such as robotic and stationary charging systems for electric vehicles. Robotic solutions are intended to offer the driver the ability to initiate charging by use of a simple smartphone app so that an autonomous robot will navigate under the vehicle and charge it. Stationary systems offer various solutions for example in automatic car parks allowing to charge EVs in places where drivers can’t connect plugs to sockets. For further information, visit: https://www.chargingrobotics.com/
About Medigus
Based in Israel, Medigus Ltd. (Nasdaq: MDGS) is a technology company focused on innovative growth partnerships, mainly in advanced medical solutions, digital commerce and electric vehicle markets. Medigus' affiliations in the medical solutions arena include ownership in Polyrizon Ltd. The Company’s affiliates in digital commerce include Gix Internet Ltd., Jeffs' Brands Ltd. and Eventer Technologies Ltd. In the electric vehicle market, Charging Robotics Ltd. and Revoltz Ltd., by way of Fuel Doctor Holdings, Inc. are also part of the Company’s portfolio of technology solution providers. Medigus is traded on Nasdaq Capital Market. To learn more about Medigus’ advanced technologies, please visit http://www.medigus.com/.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. Because such statements deal with future events and are based on Medigus’ current expectations, they are subject to various risks and uncertainties, and actual results, performance or achievements could differ materially from those described in or implied by the statements in this press release. For example, Medigus uses forward-looking statements when describing Charging Robotics’ systems’ ability to satisfy market needs.
The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed in any filings with the SEC. Except as otherwise required by law, Medigus undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Medigus is not responsible for the contents of third-party websites.
Company Contact:
Tali Dinar
Chief Financial Officer
+972-8-6466-880
ir@medigus.com
Investor Relations Contact:
Michal Efraty
Investor Relations, Israel
+972-(0)52-3044404
michal@efraty.com
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