Welcome to our dedicated page for Energous news (Ticker: WATT), a resource for investors and traders seeking the latest updates and insights on Energous 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) and American Equus announced the successful trials of the EQx VitalsSensor, the first wirelessly charged equine health tracking sensor, which is expected to be available in Q1 2021. The sensor utilizes WattUp technology to monitor vital statistics, including temperature and heart rate, and is designed for the professional horseracing market. The wireless charging capability enhances durability in outdoor conditions, reducing the risk of failure. The wireless sensor market is anticipated to grow significantly, with broader applications for medical and IoT devices.
Energous Corporation (NASDAQ: WATT) has successfully completed an offering of approximately 18.9 million shares of common stock, raising about $38.8 million in net proceeds. The offering utilized an at-the-market equity program that commenced on September 30, 2020, and concluded on December 23, 2020, with a weighted average stock price of $2.12. The funds will be allocated for general corporate purposes. Energous is recognized for its innovative WattUp wireless charging technology, which has received notable regulatory certifications and boasts 230 awarded patents.
Energous Corporation (Nasdaq: WATT) has appointed Dan Fairfax as the new chairman of the board, succeeding Robert J. Griffin, who is retiring after six years. Fairfax, a board member since April 2019, brings over 30 years of technology leadership experience. This leadership transition coincides with the addition of Sheryl Wilkerson to the board. Energous, known for its WattUp® wireless charging technology, aims to enhance market adoption amidst ongoing development in wireless charging solutions.
Energous Corporation (Nasdaq: WATT) announced the issuance of inducement restricted stock units (RSUs) to three new non-executive employees, totaling 16,500 shares. These RSUs vest over four years, with 25% vesting on the first anniversary of each hire date. This initiative aligns with the 2017 Equity Inducement Plan and complies with Nasdaq rules. Additionally, the company has issued RSUs to various employees since 2017, demonstrating ongoing commitment to attracting talent in the competitive wireless charging market.
Energous Corporation (Nasdaq: WATT) announces that the Gokhale PostureTracker™, a wearable medical sensor designed to alleviate back pain, has received FCC approval. This certification brings the product closer to market availability, expected in Q1 2021. The PostureTracker features include simultaneous charging, improved measurement capabilities, waterproof design, and a more comfortable form factor. This launch marks a significant milestone for Energous as it anticipates further health product announcements utilizing its WattUp wireless charging technology.
Energous Corporation (NASDAQ: WATT) announced its participation in the 13th Annual LD Micro Main Event Conference on December 15, 2020, at 11:40 am Eastern Time. The live presentation will be webcast and accessible via the company’s investor relations website for at least 30 days. Energous, known for its WattUp® wireless charging technology, has pioneered wireless charging 2.0, offering efficient contact-based and at-a-distance charging solutions across various industries, supported by 229 awarded patents and the first FCC Part 18 certification for wireless charging.
Energous Corporation (Nasdaq: WATT) announced that EarTechnic has chosen its WattUp wireless charging technology for the upcoming Tie-X hearing device. This partnership aims to alleviate the hassle of frequently replacing small batteries, which can be especially challenging for elderly users. WattUp technology offers a scalable RF-based solution, enhancing the functionality of hearing aids while allowing for hermetically sealed designs. The collaboration signifies a strategic step for Energous in the medical device sector, highlighting its commitment to innovation and user-centric solutions.
Energous Corporation (NASDAQ: WATT) reported its third-quarter financial results for the period ending September 30, 2020, showing revenue of $61,500 and a net loss of $(7.6) million, or $(0.18) per share. Operating expenses were approximately $7.6 million, with $4.0 million in R&D. The company highlighted new partnerships and product developments, including a strategic collaboration with Xentris Wireless and the introduction of the EN7410M module. Energous ended the quarter with $17.3 million in cash, bolstering its foundation for future growth.
Energous Corporation (Nasdaq: WATT) announced that NewSound has received FCC approval for its WattUp-enabled Primo W hearing aid. This next-generation device utilizes Energous' radio frequency-based wireless charging technology, enabling hassle-free recharging and advanced features such as Bluetooth control and an app for user management. The Primo W hearing aid claims to enhance user experience and represents a significant advancement over previous technologies. Energous expects further announcements of WattUp-enabled products in the hearable and sensor markets.
Energous Corporation (NASDAQ: WATT) is set to hold a conference call on November 9 at 1:30 PM PT to discuss its third-quarter financial results ending September 30, 2020. Interested parties can join the call by dialing specified numbers or via the company’s website, where a replay will also be available for two weeks. Energous is known for its WattUp® technology, which is a scalable RF-based wireless charging solution, offering enhancements in efficiency and performance compared to traditional methods. The company holds 227 patents for its innovative technology.
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