Welcome to our dedicated page for Energous Corporation news (Ticker: WATT), a resource for investors and traders seeking the latest updates and insights on Energous Corporation stock.
Energous Corporation (symbol: WATT) is a pioneering company in the field of wireless charging technology. The company is renowned for its innovative WattUp® technology, an award-winning, wire-free charging solution that aims to revolutionize how consumers and industries power electronic devices. Unlike traditional wireless chargers that require physical contact with a charging pad, WattUp® uses radio frequency (RF) technology to deliver scalable power over distances, much like a Wi-Fi signal.
Energous' core business revolves around its Wireless Power Networks Technology (WPNT), which includes semiconductor chipsets, software controls, hardware designs, and antennas. This comprehensive technology suite enables RF-based charging for a wide range of Internet of Things (IoT) devices, offering a truly wireless and flexible charging experience.
The company's product lineup features Transmitter IC & Modules, Receiver ICs, Transmitter Systems, and other essential tools that facilitate seamless wireless power delivery. This technology is particularly advantageous in environments such as homes, offices, cars, and more, where it offers convenience and reduces cable clutter.
In terms of recent achievements, Energous has continued to solidify its position as a leader in wireless charging. The company has been actively involved in developing partnerships and collaborations to expand its technology's reach and application. For instance, Energous recently announced a collaboration with WiGL, aiming to integrate their technologies for enhanced wireless power solutions.
Financially, Energous Corporation has been focused on growing its market presence and scaling its product offerings. The company's commitment to innovation and its established reputation in the wireless charging industry make it a significant player to watch.
Energous Corporation (NASDAQ: WATT), a pioneer in RF-based wireless charging, has granted inducement restricted stock units (RSUs) to three new non-executive employees. On November 18, 2021, an employee received RSUs for 4,500 shares, while on August 19, 2021, two employees were granted RSUs totaling 27,000 shares. The RSUs will vest over four years, contingent on continued service. This decision aligns with Nasdaq Marketplace Rule 5635(c)(4) and aims to attract talent in the competitive wireless charging industry.
Energous Corporation (Nasdaq: WATT) announced the successful regulatory approval of its 1W WattUp PowerBridge by a European Notified Body. This certification confirms compliance with European radio equipment standards, following prior FCC approval. The achievement allows Energous to expand its market presence in Europe and enhances opportunities for partners developing WattUp-enabled devices. The WattUp technology supports simultaneous charging of multiple devices over various distances, now compliant in over 100 countries, positioning Energous as a leader in wireless power solutions.
Energous Corporation (NASDAQ: WATT) reported its third-quarter financial results for 2021, revealing a revenue of $201,364 and net loss of $(12.5) million, or $(0.20) per share. The company spent approximately $12.7 million in operating expenses, with significant allocations to R&D and severance costs. Energous received FCC grant for its 900MHz 1W Active Energy Harvesting technology and launched a Developer Kit. The firm has $28.3 million in cash with no debt. Energous amended its sales agreement to sell up to $35 million in common stock for operational and development costs.
Energous Corporation (Nasdaq: WATT) has been recognized as a CES 2022 Innovation Awards Honoree in the categories of Embedded Technology and Sustainability, Eco-Design & Smart Energy for its WattUp PowerBridge wireless charging technology. This recognition comes ahead of CES 2022, scheduled for January 5-8, 2022, in Las Vegas, NV. The WattUp system enables efficient power delivery to various IoT devices, eliminating frequent battery replacements and cumbersome wiring.
Energous Corporation (Nasdaq: WATT) has received U.S. Federal Communications Commission (FCC) approval for its 900MHz 1W Active Energy Harvesting transmitter technology, enabling wireless power transfer at any distance. This certification complements prior approval in Europe and enhances the ecosystem for Internet of Things (IoT) devices. The technology allows simultaneous charging of multiple devices, facilitating broader applications in retail, healthcare, and industrial sectors. The FCC approval is seen as a significant milestone for Energous in the wireless charging market.
Energous Corporation (NASDAQ: WATT) has announced a strategic partnership with Wiliot, integrating its WattUp 1W active energy harvesting technology to power Wiliot's IoT Pixel tags. This collaboration aims to enhance the performance of IoT devices in retail, medical, and industrial sectors, enabling simultaneous data transfer from multiple sensors. The combined technology utilizes existing Wi-Fi infrastructure to support widespread deployment of these devices. The partnership is seen as a significant milestone in advancing IoT capabilities.
Energous Corporation (NASDAQ: WATT) will hold a conference call on November 11 at 1:30 p.m. PT to discuss its financial results for Q3 ending September 30, 2021. Interested parties can engage by dialing 888-317-6003 in the U.S. or 412-317-6061 internationally. The call will be accessible on their website and archived for one year. Energous is recognized for its WattUp® wireless charging technology, having over 200 patents and being the first to receive FCC Part 18 certification for at-a-distance wireless charging.
Energous Corporation (NASDAQ: WATT) has launched the 1W Active Energy Harvesting Developer Kit, designed for wireless charging of multiple devices simultaneously. This CMOS-based kit offers a compact solution and utilizes the company's WattUp® RF technology, distinguishing itself from passive energy harvesting systems. The kit is positioned to drive IoT applications across various sectors. Energous claims its technology supports higher power levels than competitors, enabling developers to effectively address the expanding IoT ecosystem.
Energous Corporation (NASDAQ: WATT) will showcase its innovative WattUp® wireless charging technology at CES 2022, held from January 5-8 in Las Vegas, NV. Visitors to booth #51965 can experience demonstrations of the award-winning technology, which allows simultaneous charging of multiple devices at various distances. Energous stands out as the only RF-based wireless charging solution with regulatory approvals in over 100 countries, making it suitable for diverse applications from consumer electronics to industrial IoT sensors.
Energous Corporation (Nasdaq: WATT) has partnered with TAGnology RFID GmbH to promote its WattUp wireless charging 2.0 technology in Europe. TAGnology will serve as an industrial design house, facilitating the implementation of wireless power solutions, proofs of concept, and development projects. This partnership aims to enhance the adoption of Energous' technology across various applications, from small devices to industrial IoT sensors. The collaboration is expected to improve customer experience and broaden the market reach of Energous' innovative charging solutions.
FAQ
What is the current stock price of Energous Corporation (WATT)?
What is the market cap of Energous Corporation (WATT)?
What is Energous Corporation known for?
What products does Energous Corporation offer?
How does WattUp® technology work?
What recent partnerships has Energous Corporation announced?
What are the core applications of Energous' technology?
How does Energous' technology benefit users?
What is Wireless Power Networks Technology (WPNT)?
What sets WattUp® apart from traditional wireless charging systems?
Where can one use WattUp® technology?
What industries can benefit from Energous' technology?
