Energous Partners with Fortune 10 Retailer to Scale Wireless Power Deployment Across 4,700 U.S. Locations

Rhea-AI Summary

Energous (NASDAQ: WATT) has accelerated its deployment timeline with a Fortune 10 multinational retailer to implement wireless power networks across 4,700 U.S. retail locations. The company has already shipped over 4,000 PowerBridge Pro transmitters in 2024, with installation beginning in early 2025.

The deployment aims to equip over 500 stores and multiple grocery distribution centers by the end of fiscal year 2025. The PowerBridge Pro technology offers four times the power output of competitors and enables up to 99% visibility of tracked assets and inventory, supporting both perishable and dry goods distribution.

This infrastructure modernization initiative will enable real-time asset tracking and full-scale automation with 24/7/365 data processing, providing continuous insights into inventory health, operational efficiencies, and potential risks.

Positive

• Secured large-scale deployment with Fortune 10 retailer across 4,700 U.S. locations
• Shipped over 4,000 PowerBridge Pro units in 2024
• Technology achieves 4x power output compared to competition
• Enables up to 99% visibility of tracked assets vs lower competitive values
• Expanded partnership from perishable to include dry goods distribution

Negative

• Extended deployment timeline with completion beyond 2025
• Only 500 stores targeted for installation by end of fiscal 2025, roughly 10.6% of total locations

Insights

Wireless Technology Analyst

Energous' major deployment agreement with a Fortune 10 retailer represents a significant commercial breakthrough for this small-cap wireless power company. With 4,000+ PowerBridge Pro transmitters already shipped and installations underway across an eventual 4,700 U.S. retail locations, this represents the largest known commercial deployment of wireless power network technology.

The scale is particularly notable for a company with only an $8.3 million market cap. This deployment validates Energous' technology and positions them as a leader in the emerging wireless power network space. The progression from a 2023 proof-of-concept to nationwide rollout demonstrates the retailer's confidence in the solution's performance.

What's most impressive is the expansion from just perishable goods tracking to include dry goods distribution, indicating the technology has exceeded performance expectations. The claimed 99% visibility rate for tracked assets and 4x power output versus competitors represents meaningful technical advantages.

This deployment addresses critical retail pain points around inventory management and supply chain visibility through continuous monitoring that traditional battery-dependent or manual systems can't match. For Energous, securing a Fortune 10 client provides not just revenue but a high-profile reference customer that could accelerate adoption across retail and adjacent industries.

Supply Chain Technology Specialist

This deployment represents a transformative implementation of wireless power networks in retail supply chain management. The integration across 4,700 locations plus distribution centers creates an end-to-end visibility system that addresses fundamental challenges in retail inventory management.

The 24/7/365 continuous data processing capability is a game-changer for perishable goods tracking, where real-time monitoring can significantly reduce spoilage and waste—a multi-billion dollar problem in grocery retail. Traditional tracking systems rely on battery-powered sensors or manual checks, both introducing significant limitations in coverage and data freshness.

The reported 99% visibility rate is particularly impressive in complex retail environments where RF interference and physical obstacles typically reduce tracking effectiveness. This suggests Energous has solved critical power delivery and signal reliability issues that have historically wireless power adoption in commercial settings.

What's most technically significant is the expansion from the initial perishable goods application to dry goods distribution. This indicates the system's flexibility and scalability across different product categories and environmental conditions. The nationwide implementation pace—with 500+ stores planned for completion by year-end—suggests a well-designed system that can be rapidly deployed without major infrastructure modifications.

PowerBridge Pro Transmitter Drives Nationwide Rollout of Wireless Power Networks

SAN JOSE, Calif.--(BUSINESS WIRE)-- Energous Corporation d/b/a Energous Wireless Power Solutions (NASDAQ: WATT), a leader in scalable, over-the-air (OTA) wireless power networks (WPNs), today announced the acceleration of its deployment timeline with a Fortune 10 multinational retailer. This implementation is part of an infrastructure modernization initiative aimed at upgrading approximately 4,700 retail locations across the United States.

The rollout features the Energous PowerBridge Pro transmitter, a cornerstone of the retailer’s new WPN program. Since commencing the deployment phase in 2024, Energous has shipped over 4,000 PowerBridge Pro units for this project. Installation began in early 2025, with plans to equip over 500 stores and multiple grocery distribution centers by the end of fiscal year 2025. This deployment is designed to improve supply chain visibility and streamline inventory management for perishable and dry goods assets by enabling real-time asset tracking and full-scale automation across the customer’s entire operation, with 24/7/365 data processing, providing continuous insights into inventory health, operational efficiencies, and potential risks.

“We’re thrilled to achieve this pivotal milestone in the commercial adoption of our PowerBridge Pro transmitter technology,” said Mallorie Burak, CEO and CFO of Energous Wireless Power Solutions. “Since launching our initial Proof of Concept with this customer in 2023, we’ve worked hand-in-hand to deliver a comprehensive track and trace solution that exceeds expectations. Our WPN technology not only achieves four times the power output of our competition it also enables up to 99 percent visibility of tracked assets and inventory, compared to much lower values achieved with competitive products. From warehouse to store, we are meeting this retailer’s rigorous performance standards and KPIs.”

Burak added, “The compelling results from our pilot program fueled the expansion of our partnership, growing from perishable goods to now include dry goods distribution. This success was a driving factor in the retailer’s decision to roll out our WPN technology nationwide. Our PowerBridge Pro transmitters are set to transform grocery distribution by providing always-on access to critical data, improving visibility and control, and reducing reliance on batteries for smarter, more sustainable operations. As a core component of this retailer’s modernization strategy, our advanced technology positions us to play a key role in every phase of this groundbreaking program across more than 4,700 U.S. locations. This flagship deployment is expected to serve as a shining example for other large enterprises to follow.”

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250416585796/en/

Media Contacts:

Energous PR

pr@energous.com

Energous IR

ir@energous.com

Source: Energous Corporation

FAQ

How many PowerBridge Pro units has Energous (WATT) shipped for the Fortune 10 retailer deployment?

Energous has shipped over 4,000 PowerBridge Pro units in 2024 for this deployment.

What is the total number of retail locations planned for Energous (WATT) wireless power network deployment?

The deployment plans cover approximately 4,700 retail locations across the United States.

How many stores will Energous (WATT) equip with PowerBridge Pro by the end of fiscal 2025?

Energous plans to equip over 500 stores and multiple grocery distribution centers by the end of fiscal year 2025.

What performance advantages does Energous (WATT) PowerBridge Pro offer compared to competitors?

PowerBridge Pro delivers 4x power output compared to competition and enables up to 99% visibility of tracked assets.

When did Energous (WATT) begin the initial Proof of Concept with the Fortune 10 retailer?

The initial Proof of Concept with the retailer began in 2023.