Energous Corp Stock Price, News & Analysis

Energous Corporation (NASDAQ: WATT) is set to demonstrate its innovative wireless power network technology at CES 2022 in Las Vegas from January 5-8. The company has received recognition as a CES 2022 Innovation Awards honoree in two categories: Embedded Technology and Sustainability. Energous is showcasing its award-winning WattUp technology alongside partner products, further solidifying its position as a leader in RF-based charging. The event highlights the company's recent regulatory approvals and partnerships fueling growth in the wireless charging ecosystem.

Energous Corporation (Nasdaq: WATT) announced a collaboration with Syntiant to showcase their joint technology at CES 2022 in Las Vegas from January 5-8. The partnership aims to combine Energous’ WattUp wireless power network with Syntiant’s Neural Decision Processors for edge AI applications. This innovation addresses power delivery challenges for IoT devices and supports simultaneous charging. Energous continues to lead in RF-based charging technology, with over 200 patents and the first FCC certification for at-a-distance wireless charging.

Energous Corporation (NASDAQ: WATT) has appointed Cesar Johnston as its chief executive officer, effective December 6, 2021. Johnston, who has been with the company for seven years and served as acting CEO since July 2021, has overseen significant regulatory approvals for the company's WattUp wireless power transfer technology. The board believes Johnston's expertise in RF power will drive growth and open new global markets for Energous' innovations. Johnston's leadership aims to enhance distance transmission applications in IoT wireless power networks.

Energous Corporation (Nasdaq: WATT) has received regulatory approval for its 1W WattUp PowerBridge transmitter in India, marking its entry into the Asian market. This follows similar approvals in Europe and the U.S.. The approval enables deployment of wireless power solutions in multiple sectors including IoT and smart buildings, enhancing the global reach of Energous' technology. This development positions Energous as a leader in RF-based charging, expanding its ecosystem significantly.

Energous Corporation (Nasdaq: WATT) has launched its new 10W WattUp PowerHub transmitter, receiving FCC Part 18 equipment authorization. This approval enables the device to transmit higher power wirelessly, nearly doubling power transfer capabilities in the U.S. The company previously secured regulatory approval in Europe. Energous projects significant growth in IoT devices, from 9 billion currently to over 25 billion by 2030, driving demand for its wireless power solutions across various sectors. The technology supports multiple device charging and is already approved in over 100 countries.

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.