CAMPBELL, CA--(Marketwired - Apr 10, 2017) - Inventergy Global, Inc. (NASDAQ: INVT), an intellectual property licensing
company, announced today that Pabellon, Inc., one of the new partners of Inventergy Innovations, LLC, Inventergy's subsidiary,
has developed prototype demonstration units for an automotive parts supplier for advanced automotive applications. These
demonstration units, which were funded by the automotive parts supplier, provide cars with wireless charging, sensing, data and
security application functions and are being evaluated for future inclusion in smart vehicles.
Pabellon's prototype demonstration units incorporate its breakthrough Surface Plane Magnetic Technology™ that enables wireless
charging, sensing, and data collection, all of which are key elements in the development of future automotive applications.
Joe Beyers, CEO of Inventergy commented, "Pabellon is now heavily engaged with a large multi-national company, further proving
the significant value opportunity we create for our partners through a unique monetization model that can quickly provide
commercialization opportunities on a much larger scale. We will continue to seek opportunities with targeted investment, shorter
time for execution, lower up-front capital outlays and lower operating costs, which we believe will allow us to generate higher
returns that can expand our revenue opportunities for our stakeholders."
"We believe that Pabellon's technology can remove barriers impairing the conventional wireless power transfer industry, to
enable multi-industry solutions. Pabellon's patented technology opens up unprecedented connectivity for non-radiative power, data
and sensing applications," stated Ken Cannizzaro, President of Inventergy Innovations. "The market opportunity for this
technology is growing rapidly in a number of potential large market segments."
"We are excited about delivering these units in high value applications that validate our innovative technology," said Alex
Rubin, CEO and Founder of Pabellon. "We are also delighted with our engagement with Inventergy. They have helped us to enrich and
enhance our IP protection, and refine and focus our value proposition, leading up to this exciting new engagement."
About Inventergy Global, Inc.
Inventergy Global, Inc. is a Silicon Valley-based intellectual property company dedicated to identifying, acquiring
and licensing patented technologies of market-significant technology leaders. Led by IP industry pioneer and veteran Joe Beyers,
the Company leverages decades of corporate experience, market and technology expertise, and industry connections to assist
Fortune 500 and other technology companies in leveraging the value of their innovations to achieve greater returns. For more
information about Inventergy, visit www.inventergy.com.
About Pabellon, Inc.
Pabellon's technology enables connector-less, wireless power /data transfer and remote sensing applications for
mobile, IoT (Internet of Things) and lighting applications. Pabellon's Surface Plane Magnetic Technology™ sends an oscillating
magnetic field along the surface of objects such as desks, walls, pipes and fabrics to miniaturized receiver devices that can
extract power and data. Disturbances in the field are detectable by the receiver devices, enabling sensory applications such as
human presence detection and touch-free controls.
Pabellon's technology is aimed at the markets for wearables, intrusion detection, automotive and lighting, which each offers
multiple billion dollar addressable markets. According to research firm MarketsandMarkets, the wearable technology market is
expected to reach $31.3 billion by 2020, at a CAGR of 17.8% between 2015 and 2020. MarketsandMarkets reported that the global
intrusion detection system/intrusion prevention (IDS/IPS) security market was estimated at $2.7 billion in 2014 and is expected
to grow to $5.0 billion by 2019.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains statements, estimates, forecasts and projections with respect to future performance and
events, which constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended. Those statements include statements regarding the intent and
belief or current expectations of the Company and its affiliates and subsidiaries and their respective management teams. These
statements may be identified by the use of words like "anticipate," "believe," "estimate," "expect," "intend," "may," "plan,"
"will," "should," "seek" and similar expressions and include any projections or estimates set forth herein. Investors and
prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve
risks and uncertainties, that actual results may differ materially from those projected in the forward-looking statements.