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Energous Corporation d/b/a Energous Wireless Power Solutions reports developments in over-the-air wireless power networks for ambient Internet of Things deployments. Its technology combines transmitter systems, receiver integrated circuits, software controls, hardware designs and antenna systems to deliver RF-based wireless power and data to battery-free devices used in asset and inventory tracking, electronic shelf labels, retail sensors, air-quality monitors and motion detection.
Recurring news for WATT includes earnings releases, commercial deployment updates, proof-of-concept programs across enterprise markets, PowerBridge transmitter shipments, regulatory approvals for PowerBridge Lite and PowerBridge Pro, partnerships, customer adoption, investor-conference participation and equity financing activity.
Energous Corporation (WATT) has partnered with China-based Sekorm to enhance its WattUp wireless power technology in the world's most populous country. This collaboration will grant Energous access to expanded marketing and sales capabilities, targeting the industrial Internet of Things (IIoT) sectors. Following recent approval by China's Ministry of Industry and Information Technology, Energous aims to leverage Sekorm's extensive network to engage with more customers and capitalize on China's rapidly growing IoT market, which is expected to exceed $300 billion by 2024.
Energous Corporation (NASDAQ: WATT) reported financial results for Q1 2022, with revenue of $216,000, a significant increase from $145,000 in Q1 2021. The company incurred costs and expenses of approximately $7.4 million, leading to a net loss of $(7.2 million), or $(0.09) per share. Energous ended the quarter with $42.8 million in cash and no debt. Key operational highlights include the addition of three advisors and regulatory approvals for its 1W WattUp PowerBridge technology in China and Canada. The partnership with Atmosic Technologies also saw the launch of a new evaluation kit.
Energous Corporation (NASDAQ: WATT) announced the appointments of Bob Friday, Alessandro Piovaccari, and Mark Tyndall to its Board of Advisors, aimed at enhancing the company's wireless power network technology. The IoT ecosystem is projected to expand significantly, growing from 12 billion devices in 2021 to nearly 40 billion by 2025, presenting challenges for battery management. Energous' WattUp technology offers a solution by providing reliable RF-based wireless power to multiple devices simultaneously. CEO Cesar Johnston emphasized the advisors' expertise as vital for the company's growth.
Energous Corporation (NASDAQ: WATT), a leader in RF-based wireless power networks, will hold a conference call on May 11, 2022, at 1:30 p.m. PT to discuss its Q1 financial results for the period ending March 31, 2022. Investors can join by calling 888-317-6003 or accessing the live broadcast on the company's website, where it will be available through May 2023. Energous is known for its WattUp® solution, a certified wireless charging technology that offers improvements over traditional methods, boasting over 200 patents and first FCC Part 18 certification for at-a-distance charging.
Energous Corporation (NASDAQ: WATT) has received approval from China’s Ministry of Industry and Information Technology for its 1W WattUp PowerBridge transmitter technology, aimed at IoT applications. This technology enables manufacturers to create cordless, batteryless, waterproof devices for various sectors including industrial and healthcare. Energous has previously secured similar certifications in the US, Europe, and India, expanding its global reach. The IDC estimates that combined IoT spending across these regions could reach $923.7 billion by 2025.
Energous Corporation (Nasdaq: WATT) and Atmosic Technologies have launched a Wirelessly-Charged Sensor Evaluation Kit, enabling battery-free IoT applications through wireless power transfer. This kit includes Atmosic’s ATM3 energy harvesting Bluetooth Low Energy SoC and Energous’ FCC-certified 1W WattUp PowerBridge transmitter. Expected to address the growing IoT sector, which may reach 40 billion devices by 2025, this solution aims to eliminate battery replacement issues. Priced at $500 USD, it is set for release in Q2 2022.
Energous Corporation (Nasdaq: WATT) has partnered with WiGL to utilize its WattUp wireless power transfer technology for touchless wireless charging applications in harsh environments. This collaboration aims to eliminate the need for charging cables and frequent battery replacements, enhancing device reliability. CEO Cesar Johnston highlighted the technology's advantages in rugged settings. WiGL's CEO, Ahmad Glover, noted the importance of this technology for military use, addressing electrical power challenges effectively. Energous continues to lead in wireless power networks with over 200 patents and the first FCC certification for at-a-distance charging.
Energous Corporation (NASDAQ: WATT) reported substantial progress in its fourth-quarter results for 2021, achieving revenue of $225,404, up from $90,000 in the same period last year. The company's operating expenses stood at approximately $9.6 million, resulting in a net loss of $(9.4) million. Energous secured key regulatory approvals for its 1W WattUp PowerBridge and 10W WattUp PowerHub, expanding market opportunities in Canada, Europe, and India. The company had $49.1 million in cash with no debt, positioning itself for strategic growth in the wireless power sector.
Energous Corporation (NASDAQ: WATT), a pioneer in RF-based wireless charging, will host a conference call on February 24, 2022, at 1:30 p.m. PT to discuss its fourth-quarter financial results for 2021, ending December 31. The call can be accessed via a toll-free number or through the company’s website, where it will also be archived until January 2023. Energous is known for its WattUp technology, offering innovative solutions for wireless power and holding over 200 patents. The release includes forward-looking statements regarding industry growth and financial expectations.
Energous Corporation (Nasdaq: WATT) has received regulatory approval for its 1W WattUp PowerBridge transmitter in the US, Canada, Europe, and India. This approval facilitates the expansion of their wireless power networks across various sectors, including retail and medical IoT applications. Market analysis projects a surge in IoT devices from 9 billion this year to over 25 billion by 2030, highlighting a significant market opportunity. The WattUp technology enables simultaneous charging of multiple devices, positioning Energous to capitalize on the growing demand for efficient power solutions.