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Daniel Schreiber Named President of Powermat, Inc.

BARCELONA, Spain Feb. 14, 2011 Daniel Schreiber

The appointment of Mr. Schreiber coincides with several recent high-profile announcements from Powermat including a commercial agreement with General Motors to eliminate the need for charging cords in future GM products by embedding Powermat technology into automobiles. Other settings that will be wirelessly enabled include airports and offices as well as home environments.

Prior to joining Powermat, Mr. Schreiber served in a variety of executive roles at SanDisk, the global leader in flash memory cards (Nasdaq: SNDK), including Senior Vice President of Corporate Marketing and Senior Vice President and General Manager of the Mobile Network Operator (MNO) Division.

Sansa

"The breadth and depth of experience and understanding that Daniel brings to Powermat will be of great help as we embark on our next chapter in the life of company; the expansion of wireless technology into new settings and the creation of a truly wireless world. We are delighted to have him on board," said Ran Poliakine, CEO.

Kings College London

Prior to his tenure at SanDisk, he co-founded and served as chief executive officer of Alchemedia Inc., a security-software company.

About Powermat

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Contacts:

Scott Eisenstein

212 810-6544

[email protected]

Heather Forty

+ 44 (0) 7841415840

[email protected]

Joe Gallo

212-445-8427

[email protected]

SOURCE Powermat

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