/cloudfront-us-east-1.images.arcpublishing.com/gray/MDJRH52YDS5GBSIQHNB7X7QKEE.jpg)
DUBLIN, Oct. 1, 2021 /PRNewswire/ — Navitas Semiconductor at this time introduced that Xiaomi has formally launched its new smartphone, the Xiaomi Civi, outfitted with a 55W gallium nitride (GaN) charger utilizing Navitas’ GaNFast™ energy IC. In Xiaomi assessments, the charger powers the Civi’s 4500mAh battery from 0 to 100% in simply 50 minutes. The light-weight, high-performance, full-power 55W GaN charger mirrors the skinny and lightweight options of the Civi, bringing customers an excellent cell expertise.
“The 55W GaN charger collectively developed by Xiaomi and Navitas is a flagship for Mi Followers.” Xiang WANG, president of Xiaomi
The Civi is a crucial, modern mannequin for Xiaomi, concentrating on the younger, feminine client market. It combines style with modern imaging expertise and goals to channel an individual’s pure self-confidence. The Civi makes use of the Qualcomm Snapdragon 778G cell platform, with a 6.55-inch curved OLED versatile display screen with 120Hz refresh price and Dolby Imaginative and prescient to ship an correct, dynamic visible expertise. Xiaomi has created an all-glass, anti-glare again floor for a silky-smooth texture with no fingerprints. The Civi’s fundamental characteristic package deal consists of a 32-megapixel entrance HD digital camera, two entrance soft-lights, help for auto focus and Xiaomi’s picture-enhancement expertise for optimum ‘selfies’.
Even with such highly effective, superior expertise and with a big 4500mAh battery, the Civi is a slimline 6.98mm skinny, and a featherweight 166g. For such a large-capacity battery, Xiaomi selected the Navitas-enabled small and transportable 55W charger, for fast charging anytime, wherever.
The Xiaomi Civi advances the model’s proposition of “innately handsome” and invited Tokyo Olympics capturing champion Qian YANG to be the spokesperson. Xiaomi have delivered a high-quality cell expertise and implements traits of light-weight, compact and environment friendly expertise. On the Civi’s launch convention, Xiaomi Civi product supervisor and model spokesperson Siqi WEI mentioned “A robust 55W signifies that each client can expertise the fast-charging enjoyable of gallium nitride chargers.”
Xiang WANG, associate and president of Xiaomi Group, mentioned, “The Xiaomi Civi demonstrates Xiaomi’s emphasis on technological exploration and consumer expertise. We’ve absolutely thought of the vast majority of Mi Followers’ aspirations for a cell phone expertise. The 55W gallium nitride charger collectively developed by Xiaomi and Navitas is small and light-weight, which vastly relieves the stress of customers to hold the charger when going out, and supplies a flagship for Mi Followers, with a high-class life expertise.”
Gallium nitride (GaN) units are the modern of energy semiconductor expertise, working 20x sooner than conventional silicon chips, and might obtain as much as 3x extra energy or 3x sooner charging in half the dimensions and weight. Navitas’ GaNFast energy ICs integrates GaN energy, GaN drive, safety and management. Xiaomi’s 55W charger makes use of an NV6115 GaN energy IC in a high-frequency quasi-resonant (HQFR) flyback converter, and through the use of a high-frequency planar transformer, it additional reduces the dimensions and weight of the charger.
“We’re very completely satisfied to associate with Xiaomi once more with our 4th main Xiaomi smartphone platform to be powered by our GaNFast chargers,” mentioned Gene SHERIDAN, Navitas’ co-founder and CEO. “Light-weight and compact GaN quick chargers goal customers who like skinny and lightweight cellphones, with a sooner, safer and dependable charging expertise.”
About Xiaomi
Xiaomi Company was based in April 2010 and listed on the Important Board of the Hong Kong Inventory Change on July 9, 2018 (1810.HK). Xiaomi is a client electronics and sensible manufacturing firm with smartphones and sensible {hardware} linked by an IoT platform at its core.
Embracing our imaginative and prescient of “Make mates with customers and be the good firm within the customers’ hearts”, Xiaomi constantly pursues improvements, high-quality consumer expertise and operational effectivity. The corporate relentlessly builds superb merchandise with sincere costs to let everybody on this planet get pleasure from a greater life by means of modern expertise.
Xiaomi is without doubt one of the world’s main smartphone corporations. The corporate’s market share when it comes to smartphone shipments ranked no. 2 globally within the second quarter of 2021. The corporate has additionally established the world’s main client AIoT (AI+IoT) platform, with 374.5 million sensible units linked to its platform (excluding smartphones and laptops) as of 31 March 31, 2021, excluding smartphones and laptops. Xiaomi merchandise are current in additional than 100 international locations and areas around the globe. In August 2021, the corporate made the Fortune International 500 listing for the third time, rating 338th, up 84 locations in comparison with 2020.
Xiaomi is a constituent of the Grasp Seng Index, Grasp Seng China Enterprises Index, Grasp Seng TECH Index and Grasp Seng China 50 Index.
About Navitas
Navitas Semiconductor Restricted is the trade chief in GaN energy IC’s, based in 2014. Navitas has a powerful and rising crew of energy semiconductor trade consultants with a mixed 300 years of expertise in supplies, units, purposes, techniques and advertising and marketing, plus a confirmed report of innovation with over 200 patents amongst its founders. GaN energy ICs combine GaN energy with drive, management and safety to allow sooner charging, increased energy density and better power financial savings for cell, client, enterprise, eMobility and new power markets. Over 130 Navitas patents are issued or pending, and over 25 million GaNFast energy ICs have been shipped with zero reported GaN discipline failures. On Could seventh, 2021, Navitas introduced plans to “Go Public at an Enterprise Worth of $1.04 Billion through Reside Oak II (NYSE: LOKB) SPAC Enterprise Mixture”.
Cautionary Assertion Concerning Ahead Trying Statements
The knowledge on this press launch consists of “forward-looking statements” throughout the that means of Part 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Part 21E of the Securities Change Act of 1934, as amended. All statements, apart from statements of current or historic reality included on this press launch, relating to the proposed transaction, the power of the events to consummate the transaction, the advantages of the transaction and the mixed firm’s future monetary efficiency, in addition to the mixed firm’s technique, future operations, estimated monetary place, estimated revenues and losses, projections of market alternative and market share, projected prices, prospects, plans and targets of administration are forward-looking statements. When used on this press launch, the phrases “might,” “ought to,” “will,” “could,” “consider,” “anticipate,” “intend,” “estimate,” “plan,” “search,” “count on,” “undertaking,” “forecast,” the damaging of such phrases and different related expressions are supposed to determine forward-looking statements, though not all forward-looking statements include such figuring out phrases.
Reside Oak II and Navitas warning you that the forward-looking statements contained on this press launch are topic to quite a few dangers and uncertainties, together with the chance that the anticipated progress of Navitas’ enterprise won’t be realized, or won’t be realized throughout the anticipated time interval, as a result of, amongst different issues: (i) Navitas’ targets and methods, future enterprise improvement, monetary situation and outcomes of operations; (ii) Navitas’ buyer relationships and talent to retain and develop these buyer relationships; (iii) Navitas’ skill to precisely predict future revenues for the aim of appropriately budgeting and adjusting Navitas’ bills; (iv) Navitas’ skill to diversify its buyer base and develop relationships in new markets; (v) the extent of demand in Navitas’ prospects’ finish markets; (vi) Navitas’ skill to draw, prepare and retain key certified personnel; (vii) adjustments in commerce insurance policies, together with the imposition of tariffs; (viii) the influence of the COVID-19 pandemic on Navitas’ enterprise, outcomes of operations and monetary situation; (ix) the influence of the COVID-19 pandemic on the worldwide financial system; (x) the power of Navitas to take care of compliance with sure U.S. Authorities contracting necessities; (xi) regulatory developments in the US and overseas international locations; and (xii) Navitas’ skill to guard its mental property rights. Ahead-looking statements are additionally topic to further dangers and uncertainties, together with (i) adjustments in home and overseas enterprise, market, monetary, political and authorized circumstances; (ii) the lack of the events to efficiently or well timed consummate the proposed transaction, together with the chance that any required regulatory approvals will not be obtained, are delayed or are topic to unanticipated circumstances that would adversely have an effect on the mixed firm or the anticipated advantages of the proposed transaction or that the approval of the stockholders of Reside Oak II will not be obtained; (iii) the end result of any authorized proceedings that could be instituted towards Reside Oak II or Navitas following announcement of the proposed transaction; (iv) the chance that the proposed transaction disrupts Reside Oak II’s or Navitas’ present plans and operations on account of the announcement of the proposed transaction; (v) prices associated to the proposed transaction; (vi) failure to appreciate the anticipated advantages of the proposed transaction; (vii) dangers regarding the uncertainty of the projected monetary data with respect to Navitas; (viii) dangers associated to the rollout of Navitas’ enterprise and the timing of anticipated enterprise milestones; (ix) the consequences of competitors on Navitas’ enterprise; (x) the quantity of redemption requests made by Reside Oak II’s public stockholders; (xi) the power of Reside Oak II or the mixed firm to concern fairness or equity-linked securities in reference to the proposed transaction or sooner or later; and (xii) these components mentioned in Reside Oak II’s registration assertion on Kind S-4 (File No. 333-256880) (the “Registration Assertion”) filed with the Securities and Change Fee (the “SEC”) and Reside Oak II’s last prospectus filed with the SEC on December 4, 2020 below the heading “Threat Components” and different paperwork of Reside Oak II filed, or to be filed, with the SEC.
If any of the dangers described above materialize or our assumptions show incorrect, precise outcomes might differ materially from the outcomes implied by our forward-looking statements. There could also be further dangers that neither Reside Oak II nor Navitas presently know or that Reside Oak II and Navitas at the moment consider are immaterial that would additionally trigger precise outcomes to vary from these contained within the forward-looking statements. As well as, forward-looking statements replicate Reside Oak II’s and Navitas’ expectations, plans or forecasts of future occasions and views as of the date of this press launch. Reside Oak II and Navitas anticipate that subsequent occasions and developments will trigger Reside Oak II’s and Navitas’ assessments to vary. Nonetheless, whereas Reside Oak II and Navitas could elect to replace these forward-looking statements sooner or later sooner or later, Reside Oak II and Navitas particularly disclaim any obligation to take action. These forward-looking statements shouldn’t be relied upon as representing Reside Oak II’s and Navitas’ assessments as of any date subsequent to the date of this press launch. Accordingly, undue reliance shouldn’t be positioned upon the forward-looking statements.
Essential Info and The place to Discover It
In reference to the proposed transaction, Reside Oak II has filed the Registration Assertion with the SEC, which features a proxy assertion/prospectus of Reside Oak II. Reside Oak II additionally plans to file different paperwork and related supplies with the SEC relating to the proposed transaction. The Registration Assertion has been cleared by the SEC, and a definitive proxy assertion/prospectus has been mailed to the stockholders of Reside Oak II. SECURITYHOLDERS OF LIVE OAK II AND NAVITAS ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS (INCLUDING ALL AMENDMENTS AND SUPPLEMENTS THERETO) AND OTHER DOCUMENTS AND RELEVANT MATERIALS RELATING TO THE PROPOSED TRANSACTION THAT WILL BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BEFORE MAKING ANY VOTING DECISION WITH RESPECT TO THE PROPOSED TRANSACTION BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION AND THE PARTIES TO THE PROPOSED TRANSACTION. Stockholders will be capable to acquire free copies of the proxy assertion/prospectus and different paperwork containing necessary details about Reside Oak II and Navitas as soon as such paperwork are filed with the SEC by means of the web site maintained by the SEC at http://www.sec.gov.
Individuals within the Solicitation
Reside Oak II and its administrators and govt officers could also be deemed to be individuals within the solicitation of proxies from the stockholders of Reside Oak II in reference to the proposed transaction. Navitas and its officers and administrators can also be deemed individuals in such solicitation. Securityholders could acquire extra detailed data relating to the names, affiliations and pursuits of sure of Reside Oak II’s govt officers and administrators within the solicitation by studying Reside Oak II’s Annual Report on Kind 10-Ok filed with the SEC on March 25th, 2021 and the proxy assertion/prospectus and different related supplies filed with the SEC in reference to the proposed transaction after they grow to be obtainable. Info in regards to the pursuits of Reside Oak II’s individuals within the solicitation, which can, in some instances, be totally different than these of Reside Oak II’s stockholders typically, will probably be set forth within the proxy assertion/prospectus regarding the proposed transaction when it turns into obtainable.
Contact Info
Stephen Oliver, VP Company Advertising & Investor Relations
[email protected]
Navitas Semiconductor, GaNFast, and the Navitas emblem are logos or registered logos of Navitas Semiconductor Restricted. All different manufacturers, product names and marks are or could also be logos or registered logos used to determine services or products of their respective house owners.
/mma.prnewswire.com/media/1641009/Navitas_Globe.jpg)
View authentic content material to obtain multimedia:
SOURCE Navitas Semiconductor
