Energous Awarded Scalable Multi-Phase Contract With Fortune 10 Retailer
Energous (NASDAQ: WATT) has secured the first phase of a multi-stage project with a Fortune 10 retailer. The initial phase includes shipping over 1,500 Energous 2W PowerBridge transmitter systems by year-end, valued at approximately $0.3 million. These systems will be installed in Q1 2025 across 140 US retail locations, as part of a larger modernization program targeting 4,700 retail locations over 3-5 years. The technology demonstrated up to 99% visibility of tracked assets and inventory during the 2023 proof of concept phase, leading to expanded implementation for both dry goods and perishable goods distribution.
Energous (NASDAQ: WATT) ha ottenuto la fase iniziale di un progetto a più fasi con un rivenditore Fortune 10. La fase iniziale prevede la spedizione di oltre 1.500 sistemi trasmettitore PowerBridge da 2W di Energous entro la fine dell'anno, valutati a circa 0,3 milioni di dollari. Questi sistemi saranno installati nel primo trimestre del 2025 in 140 punti vendita negli Stati Uniti, nell'ambito di un programma di modernizzazione più ampio che mira a 4.700 punti vendita nel giro di 3-5 anni. La tecnologia ha dimostrato una visibilità del 99% degli asset tracciati e dell'inventario durante la fase di prova di concetto del 2023, portando a un'implementazione ampliata sia per la distribuzione di beni secchi che di beni deperibili.
Energous (NASDAQ: WATT) ha logrado asegurar la primera fase de un proyecto de múltiples etapas con un minorista Fortune 10. La fase inicial incluye el envío de más de 1,500 sistemas de transmisión PowerBridge de 2W de Energous para finales de año, valorados en aproximadamente 0.3 millones de dólares. Estos sistemas se instalarán en el primer trimestre de 2025 en 140 ubicaciones de venta al por menor en EE. UU., como parte de un programa de modernización más amplio que tiene como objetivo 4,700 ubicaciones de venta al por menor en un plazo de 3 a 5 años. La tecnología demostró hasta un 99% de visibilidad de los activos e inventarios rastreados durante la fase de prueba de concepto de 2023, lo que llevó a una implementación ampliada tanto para la distribución de productos secos como perecederos.
에너구스 (NASDAQ: WATT)는 포춘 10 대 리테일러와의 다단계 프로젝트의 첫 번째 단계를 확보했습니다. 초기 단계에서는 연말까지 1,500개 이상의 에너구스 2W 파워브리지 송신기 시스템을 배송할 계획이며, 이는 약 30만 달러 상당입니다. 이 시스템은 2025년 1분기부터 미국의 140개 소매 위치에 설치될 예정이며, 3~5년 동안 4,700개 소매 위치를 목표로 하는 더 큰 현대화 프로그램의 일환입니다. 이 기술은 2023년 개념 증명 단계에서 추적된 자산 및 재고의 99% 가시성을 입증하여, 비건조식품 및 신선식품 배급을 위한 확장된 실행으로 이어졌습니다.
Energous (NASDAQ: WATT) a sécurisé la première phase d'un projet en plusieurs étapes avec un retailer Fortune 10. La phase initiale comprend l'expédition de plus de 1 500 systèmes de transmission PowerBridge 2W d'Energous d'ici la fin de l'année, d'une valeur d'environ 0,3 million de dollars. Ces systèmes seront installés au premier trimestre 2025 dans 140 points de vente aux États-Unis, dans le cadre d'un programme de modernisation plus large visant 4 700 points de vente sur 3 à 5 ans. La technologie a démontré jusqu'à 99 % de visibilité des actifs et des stocks suivis lors de la phase de preuve de concept 2023, entraînant une mise en œuvre étendue pour la distribution de produits secs et périssables.
Energous (NASDAQ: WATT) hat die erste Phase eines mehrstufigen Projekts mit einem Fortune 10 Einzelhändler gesichert. Die Anfangsphase umfasst den Versand von über 1.500 Energous 2W PowerBridge Sender-Systemen bis zum Jahresende, die auf etwa 0,3 Millionen Dollar geschätzt werden. Diese Systeme werden im ersten Quartal 2025 an 140 Einzelhandelsstandorten in den USA installiert, als Teil eines größeren Modernisierungsprogramms, das 4.700 Einzelhandelsstandorte über 3-5 Jahre anstrebt. Die Technologie demonstrierte während der Konzeptnachweisphase 2023 eine Sichtbarkeit von bis zu 99% für nachverfolgte Vermögenswerte und Bestände, was zu einer erweiterten Implementierung sowohl für die Verteilung von Trockenwaren als auch von verderblichen Waren führte.
- Secured contract with Fortune 10 retailer for nationwide deployment
- Initial order of $0.3 million for 1,500+ PowerBridge systems
- Potential expansion to 4,700 retail locations over 3-5 years
- Demonstrated 99% asset tracking visibility in pilot program
- Expanded scope from perishable to include dry goods distribution
- Initial phase to 140 locations out of 4,700 potential sites
- Extended deployment timeline of 3-5 years for full rollout
Insights
This contract win represents a significant milestone for Energous, marking their first major commercial deployment at scale. The initial phase, valued at
The deployment timeline starting Q1 2025 provides clear revenue visibility. The successful pilot program achieving
The implementation of wireless power networks for inventory tracking represents a significant technological leap in retail supply chain management. The system's ability to provide always-on asset visibility without battery replacement addresses two critical pain points: real-time inventory tracking and maintenance costs. For perishable goods especially, this level of monitoring can substantially reduce waste and improve freshness compliance.
The expansion from perishable to dry goods tracking indicates the solution's versatility and effectiveness. This comprehensive approach to supply chain visibility could set new industry standards, potentially leading to broader adoption across retail and logistics sectors.
Energous 2W PowerBridge Transmitter Integrated for Deployment in Over 4,700 US Locations
As part of this initial phase of the project, more than 1,500 Energous 2W PowerBridge transmitter systems are anticipated to begin shipping by the end of this year, representing an order of approximately
"We are proud to reach such a critical milestone in the commercial adoption of our 2W PowerBridge transmitter technology,” said Mallorie Burak, CEO and CFO of Energous Wireless Power Solutions. “We’ve partnered closely with this customer since the start of our initial Proof of Concept phase in 2023, where our innovative WPN solutions not only met but exceeded the stringent performance metrics required to proceed—delivering up to 99 percent visibility of all tracked assets and inventory, from the warehouse to the store.
“The strong empirical results from our pilot program allowed us to expand our initial relationship to now include dry goods distribution in addition to perishable goods, and was a key consideration in their decision to proceed with a nationwide rollout of our WPN technologies. Our 2W PowerBridge transmitters are expected to play a central role in enhancing our customer’s grocery distribution visibility and control, providing them with always-on access to critical data, and delivering operational efficiency with fewer batteries for smarter, more sustainable business operations. Our technology was specifically incorporated by the client as a core component in their modernization program, putting us in excellent position to participate in all phases of this groundbreaking modernization program across more than 4,700 US locations,” added Burak.
About Energous Wireless Power Solutions
Energous Corporation d/b/a Energous Wireless Power Solutions (NASDAQ: WATT) is pioneering scalable, over-the-air (OTA) wireless power networks that enable unprecedented levels of visibility, control, and intelligent business automation. The Company’s wireless power transmitter and receiver technologies deliver continuous access to wireless power, helping drive a new generation of battery-free devices for asset and inventory tracking and management—from retail sensors, electronic shelf labels, and asset trackers, to air quality monitors, motion detectors, and more. For more information, visit http://www.energous.com/ or follow on LinkedIn.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, and the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact included in this press release are forward-looking statements. Forward-looking statements may describe our future plans and expectations and are based on the current beliefs, expectations and assumptions of Energous. These statements generally use terms such as “believe,” “expect,” “may,” “will,” “should,” “could,” “seek,” “intend,” “plan,” “estimate,” “anticipate” or similar terms. Examples of forward-looking statements in this release include but are not limited to statements about our financial results and projections, statements about the success of our collaborations with our partners, statements about any governmental approvals we may need to operate our business, statements about our technology and its expected functionality, and statements with respect to expected company growth. Factors that could cause actual results to differ from current expectations include: uncertain timing of necessary regulatory approvals; timing of customer product development and market success of customer products; our dependence on distribution partners; and intense industry competition. We urge you to consider those factors, and the other risks and uncertainties described in our most recent annual report on Form 10-K as filed with the Securities and Exchange Commission (SEC), any subsequently filed quarterly reports on Form 10-Q as well as in other documents that may have been subsequently filed by Energous, from time to time, with the SEC, in evaluating our forward-looking statements. In addition, any forward-looking statements represent Energous’ views only as of the date of this release and should not be relied upon as representing its views as of any subsequent date. Energous does not assume any obligation to update any forward-looking statements unless required by law.
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Media Contacts:
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Source: Energous Wireless Power Solutions
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