Energous to Develop Battery-Free Smart Tag for Global RFID Leader
Energous (NASDAQ: WATT) has announced a partnership with a global RFID leader to develop a battery-free smart tag for retail asset tracking applications. The new tag will utilize Energous' Wireless Power Network (WPN) technology to power ultra-low-power sensors and enable real-time data communication without batteries or grid connections.
The initiative targets the $4.2 billion global retail asset tracking market, which represents 30% of the total $14 billion RFID market in 2023. This collaboration marks a significant milestone in retail IoT adoption for asset and inventory tracking management.
Energous (NASDAQ: WATT) ha annunciato una partnership con un leader globale nel campo della RFID per sviluppare un tag intelligente senza batteria per applicazioni di monitoraggio degli asset nel retail. Il nuovo tag utilizzerà la tecnologia Wireless Power Network (WPN) di Energous per alimentare sensori a ultra-basso consumo e consentire la comunicazione dati in tempo reale senza l'uso di batterie o connessioni alla rete.
L'iniziativa punta al mercato globale del monitoraggio degli asset nel retail da 4,2 miliardi di dollari, che rappresenta il 30% del totale di 14 miliardi di dollari del mercato RFID nel 2023. Questa collaborazione segna un passo significativo nell'adozione dell'IoT nel retail per la gestione del monitoraggio degli asset e dell'inventario.
Energous (NASDAQ: WATT) ha anunciado una asociación con un líder global en RFID para desarrollar una para aplicaciones de seguimiento de activos en retail. La nueva etiqueta utilizará la tecnología Wireless Power Network (WPN) de Energous para alimentar sensores de ultra-bajo consumo y permitir la comunicación de datos en tiempo real sin baterías ni conexiones a la red.
La iniciativa tiene como objetivo el mercado global de seguimiento de activos en retail de 4.2 mil millones de dólares, que representa el 30% del total de 14 mil millones de dólares del mercado RFID en 2023. Esta colaboración marca un hito significativo en la adopción del IoT en retail para la gestión de seguimiento de activos e inventario.
Energous (NASDAQ: WATT)는 글로벌 RFID 리더와 파트너십을 맺고 소매 자산 추적 애플리케이션을 위한 배터리 없는 스마트 태그를 개발한다고 발표했습니다. 새로운 태그는 Energous의 Wireless Power Network (WPN) 기술을 활용하여 초저전력 센서를 전원 공급하고 배터리나 전력망 연결 없이 실시간 데이터 통신을 가능하게 합니다.
이 이니셔티브는 42억 달러 규모의 글로벌 소매 자산 추적 시장을 목표로 하며, 이는 2023년 전체 140억 달러 RFID 시장의 30%를 차지합니다. 이번 협력은 자산 및 재고 관리에서 소매 IoT 채택의 중요한 이정표를 세우는 것입니다.
Energous (NASDAQ: WATT) a annoncé un partenariat avec un leader mondial de la RFID pour développer une étiquette intelligente sans batterie pour des applications de suivi des actifs de détail. La nouvelle étiquette utilisera la technologie Wireless Power Network (WPN) d'Energous pour alimenter des capteurs ultra-basse consommation et permettre la communication des données en temps réel sans batteries ni connexions au réseau.
L'initiative vise le marché mondial du suivi des actifs de détail de 4,2 milliards de dollars, qui représente 30 % du marché RFID total de 14 milliards de dollars en 2023. Cette collaboration marque une étape importante dans l'adoption de l'IoT dans le secteur de la vente au détail pour la gestion du suivi des actifs et des stocks.
Energous (NASDAQ: WATT) hat eine Partnerschaft mit einem globalen RFID-Leader angekündigt, um ein batterieloses Smart Tag für Anwendungen zur Verfolgung von Einzelhandelsaktiva zu entwickeln. Das neue Tag wird die Wireless Power Network (WPN) Technologie von Energous nutzen, um ultrasparsamen Sensoren Energie zuzuführen und eine Echtzeitdatenkommunikation ohne Batterien oder Netzanschlüsse zu ermöglichen.
Die Initiative zielt auf den globalen Markt für die Verfolgung von Einzelhandelsaktiva im Wert von 4,2 Milliarden Dollar, der 30 % des gesamten RFID-Marktes von 14 Milliarden Dollar im Jahr 2023 ausmacht. Diese Zusammenarbeit stellt einen bedeutenden Meilenstein für die IoT-Adoption im Einzelhandel zur Verwaltung von Aktiva und Beständen dar.
- Entering the $4.2 billion retail asset tracking market
- Partnership with a global RFID industry leader
- Development of innovative battery-free technology solution
- None.
Insights
The partnership with a major RFID solutions provider represents a significant strategic move into the
- The broader RFID market stands at
$14 billion , with retail commanding30% share - Battery-free technology eliminates recurring maintenance costs and environmental concerns
- Integration with cloud connectivity enhances real-time inventory management capabilities
While promising, revenue impact will depend on successful product development and market adoption rates. Given Energous' small market cap of
The technological implications of this battery-free smart tag development are substantial. By leveraging Wireless Power Network (WPN) technology to power ultra-low-power sensors, Energous is addressing two critical technical challenges: power efficiency and maintenance-free operation. The ability to energize devices and enable cloud communication without batteries represents a significant advancement in IoT infrastructure. This could set a new standard for retail IoT implementations, particularly in large-scale deployments where battery replacement logistics have been a major operational hurdle.
New Smart IoT Tag Targets
This new collaboration is a key milestone in the retail industry's growing adoption of IoT applications for asset and inventory tracking and management. The new smart tag will leverage Energous' innovative WPN technology to energize ultra-low-power sensors and peripherals while enabling the devices to efficiently communicate real-time data and insights to the cloud—without the need for batteries or direct grid connections.
“This partnership is an exciting development for Energous, aligning with our focus on leveraging our robust intellectual property portfolio to create innovative end-to-end WPN solutions that connect businesses with their critical data. This enables them to drive more operational efficiencies while reducing battery usage, paving the way for a smarter, more sustainable future,” said Mallorie Burak, CEO and CFO, Energous Wireless Power Solutions. “This new battery-free smart tag will revolutionize asset tracking and management, offering unparalleled visibility and control over inventory for our partner’s portfolio of well-known brands and retail customers.”
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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Energous IR
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Source: Energous Corporation
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