Energous Celebrates a Year of Exceptional Growth and Innovation
Energous (NASDAQ: WATT), a pioneer in scalable, over-the-air wireless power networks (WPNs), has announced significant achievements and growth in 2024. The company secured multiple prestigious awards, including IoT Breakthrough Award for Connected Retail Innovation and Mobile Breakthrough Award for IoT Innovation.
Key business developments include a scalable contract with a Fortune 10 retailer, multiple orders from a multinational retailer for grocery distribution, and engagement to develop battery-free smart tags. The company received full FCC certification for its 2W PowerBridge transmitter and shipped initial orders to a multinational technology company.
Financially, Energous completed growth funding of approximately $11.4 million through its at-the-market offering program, supporting 2025 growth initiatives. The company is also conducting a non-traded convertible preferred offering to the crowd community. Under CEO Mallorie Burak's leadership, Energous focuses on three key initiatives: gaining commercial accounts traction, demonstrating WPN solution value, and optimizing operations.
Energous (NASDAQ: WATT), pioniere nelle reti di alimentazione wireless scalabili e tramite etere (WPN), ha annunciato risultati significativi e crescita nel 2024. L'azienda ha ottenuto numerosi premi prestigiosi, tra cui l'IoT Breakthrough Award per l'Innovazione nel Retail Connesso e il Mobile Breakthrough Award per l'Innovazione nell'IoT.
Sviluppi aziendali chiave includono un contratto scalabile con un rivenditore Fortune 10, diversi ordini da un rivenditore multinazionale per la distribuzione di generi alimentari, e un impegno per sviluppare etichette smart senza batteria. L'azienda ha ricevuto la certificazione FCC completa per il suo trasmettitore PowerBridge da 2W e ha spedito ordini iniziali a una multinazionale tecnologica.
Dal punto di vista finanziario, Energous ha completato un finanziamento per la crescita di circa 11,4 milioni di dollari attraverso il suo programma di offerta sul mercato, sostenendo le iniziative di crescita per il 2025. L'azienda sta anche conducendo un'offerta preferenziale convertibile non quotata per la comunità. Sotto la guida dell'Amministratore Delegato Mallorie Burak, Energous si concentra su tre iniziative chiave: ottenere trazione nei conti commerciali, dimostrare il valore della soluzione WPN e ottimizzare le operazioni.
Energous (NASDAQ: WATT), pionero en redes de energía inalámbrica escalables y a través del aire (WPN), ha anunciado logros significativos y crecimiento en 2024. La compañía ha obtenido múltiples premios prestigiosos, incluyendo el IoT Breakthrough Award por Innovación en Retail Conectado y el Mobile Breakthrough Award por Innovación en IoT.
Los desarrollos comerciales clave incluyen un contrato escalable con un minorista Fortune 10, múltiples pedidos de un minorista multinacional para distribución de alimentos, y un compromiso para desarrollar etiquetas inteligentes sin batería. La empresa ha recibido la certificación completa de la FCC para su transmisor PowerBridge de 2W y ha enviado pedidos iniciales a una multinacional tecnológica.
Desde el punto de vista financiero, Energous completó un financiamiento de crecimiento de aproximadamente 11.4 millones de dólares a través de su programa de oferta en el mercado, apoyando las iniciativas de crecimiento para 2025. La compañía también está llevando a cabo una oferta preferente convertible no negociada para la comunidad. Bajo el liderazgo de la CEO Mallorie Burak, Energous se enfoca en tres iniciativas clave: ganar tracción en cuentas comerciales, demostrar el valor de la solución WPN y optimizar las operaciones.
에너구스 (NASDAQ: WATT), 확장 가능한 공중 무선 전력 네트워크(WPN)의 선구자로서 2024년에 중요한 성과와 성장을 발표했습니다. 이 회사는 연결 소매 혁신을 위한 IoT 돌파구 상과 IoT 혁신을 위한 모바일 돌파구 상 등 여러 권위 있는 상을 수상했습니다.
주요 비즈니스 개발 사항에는 포춘 10대 소매업체와의 확장 가능한 계약, 식료품 분배를 위한 다국적 소매업체의 여러 주문, 배터리 없는 스마트 태그 개발을 위한 참여가 포함됩니다. 이 회사는 2W 파워브릿지 송신기에 대한 FCC 완전 인증을 받았으며 다국적 기술 회사에 초기 주문을 배송했습니다.
재무적으로 에너구스는 약 1140만 달러의 성장 자금을 직접 시장 제공 프로그램을 통해 완료하여 2025년 성장 계획을 지원했습니다. 이 회사는 또한 커뮤니티를 위한 비상장 전환 가능 우선주 제공을 진행하고 있습니다. CEO 말로리 부락의 리더십 아래 에너구스는 상업 계좌 확보, WPN 솔루션 가치 입증, 운영 최적화의 세 가지 주요 과제에 집중하고 있습니다.
Energous (NASDAQ: WATT), pionnier dans les réseaux d'alimentation sans fil évolutifs par air (WPN), a annoncé des réalisations importantes et une croissance en 2024. L'entreprise a remporté plusieurs prix prestigieux, dont le IoT Breakthrough Award pour l'innovation dans le commerce de détail connecté et le Mobile Breakthrough Award pour l'innovation IoT.
Les développements commerciaux clés comprennent un contrat évolutif avec un détaillant Fortune 10, plusieurs commandes d'un détaillant multinational pour la distribution de produits alimentaires, et un engagement pour développer des étiquettes intelligentes sans batterie. L'entreprise a obtenu la certification complète de la FCC pour son émetteur PowerBridge de 2W et a expédié des commandes initiales à une entreprise technologique multinationale.
Financièrement, Energous a complété un financement de croissance d'environ 11,4 millions de dollars par le biais de son programme d'offre sur le marché, soutenant les initiatives de croissance de 2025. L'entreprise mène également une offre préférentielle convertible non cotée pour la communauté. Sous la direction de la PDG Mallorie Burak, Energous se concentre sur trois initiatives clés : gagner l'adhésion des clients commerciaux, démontrer la valeur de la solution WPN, et optimiser les opérations.
Energous (NASDAQ: WATT), ein Pionier in skalierbaren, übertragungsbasierten drahtlosen Energie-Netzwerken (WPNs), hat bedeutende Erfolge und Wachstumszahlen im Jahr 2024 bekannt gegeben. Das Unternehmen erhielt mehrere prestigeträchtige Auszeichnungen, darunter den IoT Breakthrough Award für Connected Retail Innovation und den Mobile Breakthrough Award für IoT Innovation.
Wichtige Geschäftsentwicklungen umfassen einen skalierbaren Vertrag mit einem Fortune 10 Einzelhändler, mehrere Aufträge von einem multinationalen Einzelhändler für die Lebensmittelverteilung und ein Engagement zur Entwicklung von batterielosen Smart Tags. Das Unternehmen hat die vollständige FCC-Zertifizierung für seinen 2W PowerBridge-Transmitter erhalten und erste Bestellungen an ein multinationales Technologieunternehmen versendet.
Finanziell hat Energous Wachstumsfinanzierung von etwa 11,4 Millionen US-Dollar durch sein Marktangebot-Programm abgeschlossen, um die Wachstumsinitiativen für 2025 zu unterstützen. Das Unternehmen führt auch ein nicht börsennotiertes umwandelbares Vorzugsangebot für die Gemeinschaft durch. Unter der Führung von CEO Mallorie Burak konzentriert sich Energous auf drei wesentliche Initiativen: Gewinnung von Gewerbekunden, Demonstration des Wertes der WPN-Lösung und Optimierung der Abläufe.
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Recent highlights include:
- Won an IoT Breakthrough Award for IoT Connected Retail Innovation of the Year
- Awarded a scalable, multi-phase contract with a Fortune 10 retailer
- Received multiple orders from a multinational retailer for grocery distribution
- Received full FCC certification for its Energous 2W PowerBridge transmitter
- Shipped first orders to a multinational technology company for reverse logistics
- Won a Mobile Breakthrough Award for IoT Innovation of the Year
- Engaged to develop a battery-free smart tag for global RFID leader
In addition, Energous recently completed growth funding of approximately
“2024 was a transformative year for the business, and we have already made significant strides in 2025 in connection with our financing efforts to ensure that our company is well positioned to fund its continued growth,” said Mallorie Burak, CEO and CFO, Energous Wireless Power Solutions. “As we push the boundaries of wireless power to create a world where battery-free devices are always connected and real-time data is always accessible, we remain committed to executing on three key initiatives: gaining traction with significant commercial accounts, demonstrating the value of our wireless power network solutions to businesses, and optimizing our operations.”
Energous continues to make progress on all fronts, carefully balancing continued reductions in infrastructure costs with strategic investments in scalable growth. Along with recent funding activities, the company believes sales momentum and increased interest in its WPN technology are creating the momentum needed to chart a path to profitability.
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 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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Energous IR
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Source: Energous Corporation
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