Energous Ships First Orders to Multinational Technology Company for Reverse Logistics

Rhea-AI Summary

Energous (NASDAQ: WATT) has shipped its first orders of 2W PowerBridge transmitter systems to a Fortune 100 technology company. These transmitters will be used to create Wireless Power Networks (WPNs) for advanced asset tracking in reverse logistics processes at distribution centers. The Energous system provides continuous wireless power over-the-air and enables real-time data streaming for IoT devices in the supply chain.

Key features of the 2W PowerBridge transmitter include:

• Dual band, dual polarization antenna
• Up to 8W Effective Isotropic Radiated Power (EIRP)
• Up to 99% visibility of connected devices

This technology aims to improve decision-making, traceability, and sustainability in complex supply chains by providing accurate asset locations without the need for batteries or wires.

Positive

• Secured first order from a Fortune 100 technology company
• PowerBridge transmitter system enables up to 99% visibility of connected devices
• Technology improves asset tracking and supply chain efficiency
• Eliminates need for batteries and wires in IoT devices

Negative

• None.

Insights

Financial Analyst

The shipment of Energous' 2W PowerBridge transmitter system to a Fortune 100 technology company marks a significant milestone for the company. This deal could potentially open doors to more Fortune 500 clients, expanding Energous' market reach. However, the financial impact remains uncertain as the order size and monetary value are not disclosed.

The focus on reverse logistics in supply chain management is a growing trend, with the global reverse logistics market expected to reach $958 billion by 2028. Energous' technology could capture a significant portion of this market if it proves effective in real-world applications. Investors should monitor future announcements for information on contract size, revenue impact and potential follow-up orders to better assess the long-term value proposition.

Tech Expert

Energous' 2W PowerBridge transmitter system represents a breakthrough in wireless power technology. The ability to deliver up to 8W Effective Isotropic Radiated Power (EIRP) and achieve 99% visibility of connected devices is impressive. This technology could revolutionize IoT applications in supply chain management by eliminating the need for batteries and wires.

The dual band, dual polarization antenna is a key differentiator, potentially giving Energous a competitive edge in the wireless power market. However, investors should be aware that the wireless power transmission field is rapidly evolving, with competitors like WiTricity and Ossia also making strides. Energous will need to continuously innovate and secure more high-profile customers to maintain its market position.

Supply Chain Analyst

The adoption of Energous' technology by a Fortune 100 company for reverse logistics is a strong validation of its potential in supply chain management. Reverse logistics is a critical yet often overlooked aspect of supply chains, with inefficiencies costing companies billions annually. Energous' solution could significantly improve traceability and reduce waste, addressing key pain points in the industry.

The ability to provide continuous, real-time data on tracked assets could lead to substantial cost savings and operational efficiencies for adopters. However, the true impact will depend on how well the technology integrates with existing systems and its scalability across different types of distribution centers. Investors should watch for case studies or performance metrics from this implementation to gauge the technology's real-world effectiveness and potential for wider adoption.

SAN JOSE, Calif.--(BUSINESS WIRE)-- Energous Corporation d/b/a Energous Wireless Power Solutions (NASDAQ: WATT), a pioneer in scalable, over-the-air wireless power networks (WPNs), today announced it has shipped the first orders of its 2W PowerBridge transmitter system to a Fortune 100 technology company. The Energous transmitters will be the foundation of new WPNs that will deliver always-on, advanced asset tracking capabilities for certain reverse logistics processes at the company’s distribution centers.

Reverse logistics is a critical process in supply chain management that involves recovering products and materials after their use or distribution, and includes activities such as returns management, recycling, refurbishment, and disposal. Digitizing this process with Internet of Things (IoT) technology allows companies to streamline logistics, enabling them to plan efficient routes and networks, speed up operations, proactively plan activities, and anticipate and manage issues before they occur.

The Energous 2W PowerBridge transmitter system delivers continuous access to wireless power, over-the-air and at distance, while enabling a constant stream of real-time data for all IoT-enabled devices in the supply chain, such as sensors and tags. The transmitter features a dual band, dual polarization antenna which enables it to transmit higher radiated power—up to 8W Effective Isotropic Radiated Power (EIRP)—and deliver up to 99 percent visibility of all connected devices. This level of visibility enables improved decision-making and traceability of products and materials, while also helping to reduce waste and improve supply chain sustainability.

“The Energous 2W PowerBridge transmitter is a game-changer for companies with complex supply chains, that span multiple tiers of suppliers, manufacturers, distributors, and customers across diverse geographies. With its ability to deliver up to 99 percent visibility for all tracked assets and inventory—without the need for batteries, cables, or wires—our transmitters deliver unparalleled, real-time access to accurate asset locations, from origin to the last mile, reducing losses and improving operational efficiencies,” said Mallorie Burak, Interim Principal Executive Officer and CFO, Energous Wireless Power Solutions.

About Energous PowerBridge Transmitters

Energous PowerBridge transmitter systems are the backbone of WPNs that allow connected devices to continuously provide critical enterprise data to cloud networks, without wires, batteries, or cables, ensuring they are reliably charged at all times. These transmitter systems act as data links for IoT-enabled devices, enabling them to efficiently communicate valuable data and insights back to the cloud, and allowing companies to analyze, optimize, and improve every part of their supply chain operations in real time.

The Energous 2W PowerBridge transmitter system is designed for next-generation, enterprise IoT applications which require power over a distance, providing a WPN that delivers an always on, over-the-air automated energy flow that optimizes IoT device performance. The system’s proprietary antenna design enables it to transmit up to 8W EIRP and dual polarization, delivering up to 99 percent visibility of all connected devices. This makes the Energous 2W transmitter well suited for large-scale industrial applications where inventory tracking and monitoring across multiple zones is critical to operations.

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 the future of the global wireless charging industry and statements about our technology and its expected functionality. 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/20240917186756/en/

Media Relations Contact:

pr@energous.com

Investor Relations Contact:

ir@energous.com

Source: Energous Wireless Power Solutions

FAQ

What is the main product Energous (WATT) has shipped in this announcement?

Energous has shipped its 2W PowerBridge transmitter system to a Fortune 100 technology company for use in reverse logistics processes.

How does Energous (WATT) PowerBridge transmitter system benefit supply chain management?

The PowerBridge system provides continuous wireless power and enables real-time data streaming for IoT devices, offering up to 99% visibility of connected devices, which improves asset tracking, decision-making, and supply chain efficiency.

What is the maximum power output of Energous (WATT) 2W PowerBridge transmitter?

The 2W PowerBridge transmitter can deliver up to 8W Effective Isotropic Radiated Power (EIRP).

How does Energous (WATT) technology impact reverse logistics processes?

Energous' technology enables advanced asset tracking capabilities for reverse logistics, helping to digitize the process, streamline operations, and improve traceability of products and materials throughout the supply chain.