MOUNT PEARL, NL, Canada, September 2024 — Solace Power Inc. (“Solace”), renowned for its cutting-edge wireless power technology, proudly announces the appointment of Neil Desai, ICD.D, as the Chair of its Board of Directors, effective immediately. Neil Desai is a distinguished executive known for his strategic prowess in global technology commercialization. He has played a pivotal role at Magnet Forensics, guiding the company from its inception through to a public offering and its eventual sale to Thoma Bravo for $1.8 billion in 2023.
Neil Chaulk, CEO of Solace Power, expressed enthusiasm about the new appointment, stating, “It’s a pleasure to welcome Neil as our Board Chair. His profound insights and vast experience in steering tech companies through substantial growth phases will be crucial as Solace Power continues to broaden the reach of our innovative wireless power solutions across multiple industries.”
Neil Desai’s remarkable career includes significant contributions to the technology sector, particularly in areas like sales expansion in over 100 countries and leading public offerings. Beyond his new role at Solace, Desai serves on several other boards including ClearRisk Inc., the Alcohol and Gaming Commission of Ontario, and the Innovation Asset Collective. He is also a senior fellow with the Centre for International Governance Innovation and a regular contributor to the Globe and Mail’s Report on Business.
Reflecting on his new role, Neil Desai remarked, “I am honored to join Solace Power as Chair at such a transformative period in the company’s history. With our robust intellectual property, a skilled team, and substantial R&D investments, Solace is well-positioned to spearhead the wireless power revolution in various sectors globally.”
This strategic appointment follows Solace Power’s recent advancements, including the introduction of their power-through-window technology tailored for the telecom sector and a significant partnership with Gentex Corporation in the automotive industry. The company continues to enhance its technology and IP portfolio, collaborating closely with the aerospace sector in its ongoing R&D initiatives.
Established in Mount Pearl, Newfoundland and Labrador, Solace Power is a leader in developing advanced wireless power solutions with integrated proximity sensing and data capabilities. The company’s patented technologies enable robust, decoupled power delivery suitable for a range of groundbreaking applications in automotive, defense, industrial automation, and telecommunications. Solace Power has been recognized with multiple accolades, including the Boeing Silver Level Performance Excellence Award, Deloitte’s Technology Fast 50™, and the Best Places to Work in Atlantic Canada in 2024.
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