TEL AVIV, Israel, June. 4, 2023 /PRNewswire/ -- Powermat Technologies, Ltd., the global leader in advanced wireless power technology, today announced that it has resolved its pending patent litigation with Nanami and Yootech and that these companies have entered into patent licensing agreements with Powermat. Under the terms of the settlement, Nanami and Yootech agreed to pay Powermat Technologies an initial payment covering the past use of patented technologies, followed by ongoing quarterly licensing payments.