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.
About Energous Corporation
Energous Corporation (NASDAQ: WATT) is a pioneering technology company that specializes in developing over-the-air (OTA) wireless power networks, a transformative advancement in the wireless charging industry. Leveraging its proprietary WattUp® technology, Energous provides a scalable, radio frequency (RF)-based power solution that delivers intelligent and wireless energy transfer to multiple devices simultaneously, without the need for physical contact or cables. Unlike traditional wireless charging systems that rely on proximity or direct contact, Energous' technology offers true wire-free power delivery over distance, redefining the way electronic devices are powered.
Core Technology and Products
At the heart of Energous' innovation is its Wireless Power Network Technology (WPNT), which combines advanced semiconductor chipsets, software controls, hardware designs, and antennas to create a seamless power ecosystem. Key components of its product portfolio include:
- Transmitter ICs and Modules: Devices that generate and transmit RF energy, enabling continuous wireless power delivery.
- Receiver ICs: Compact chips integrated into IoT devices to receive and convert RF energy into usable power.
- Transmitter Systems: Complete end-to-end solutions for deploying wireless power networks in various environments.
- Software Controls: Intelligent management systems that optimize power distribution and ensure efficient energy transfer across multiple devices.
This comprehensive ecosystem enables Energous to deliver a reliable and scalable wireless power solution, catering to the growing demands of IoT applications.
Market Applications
Energous' technology addresses critical challenges in the Internet of Things (IoT) market, where traditional power solutions like batteries and wired connections often limit device functionality and scalability. The company's wireless power networks are ideal for powering a wide range of IoT-enabled devices, including:
- Asset and Inventory Tracking: Battery-free sensors and tags for real-time monitoring in supply chain and logistics.
- Retail Sensors and Electronic Shelf Labels: Continuous power delivery for enhanced operational efficiency in retail environments.
- Healthcare Devices: Wireless power for medical sensors, monitors, and other healthcare IoT applications.
- Environmental Monitoring: Devices such as air quality monitors and motion detectors that require consistent power over long periods.
By eliminating the need for frequent battery replacements or cumbersome charging cables, Energous' solutions enable cost-effective, sustainable, and scalable IoT implementations.
Competitive Landscape
Energous operates in a highly competitive and innovation-driven industry, facing competition from both traditional wireless charging providers and emerging players in RF-based power solutions. Key differentiators include:
- Scalability: Ability to power multiple devices simultaneously over a distance, unlike contact-based systems.
- Battery-Free Operation: Enabling IoT devices to function without the need for batteries, reducing operational costs and environmental impact.
- Partnership Ecosystem: Collaborations with global distributors and system integrators to accelerate market adoption and expand its reach.
These unique capabilities position Energous as a leader in the next generation of wireless power solutions.
Industry Significance
The global IoT market is expanding rapidly, with increasing demand for innovative power solutions to support the proliferation of connected devices. Energous' wireless power networks provide a critical infrastructure for enabling intelligent automation, real-time data visibility, and operational efficiency across industries such as retail, logistics, healthcare, and manufacturing. By addressing the limitations of traditional power systems, Energous is driving the adoption of battery-free IoT technologies, paving the way for a more sustainable and efficient future.
Energous Corporation (NASDAQ: WATT) has partnered with InnoTractor, a European IoT solutions provider, to integrate wireless power solutions for real-time asset tracking in various industries. This collaboration aims to utilize Energous’ PowerBridge technology and Wiliot IoT Pixel tags to enhance cost-effectiveness, mobility, and sustainability in logistics and supply chains.
The asset tracking market is experiencing rapid growth, necessitating reliable power solutions for Internet-connected devices. This partnership will facilitate customized, wirelessly powered IoT solutions, addressing the pressing challenge of providing consistent power to numerous devices in large-scale deployments.
Both companies hope this collaboration will expand Energous' market reach into Europe, further driving innovation in the wireless charging sector.
Energous Corporation (NASDAQ: WATT) has secured regulatory approval for its 1W PowerBridge in Japan, allowing for unlimited power distance transmission in IoT applications across various sectors, including healthcare and retail.
This achievement marks a significant step in expanding Energous' market reach, following similar approvals in South Korea, China, the US, Canada, Europe, India, and Australia. The Japanese IoT market is projected to exceed 9.1 trillion yen ($69 billion) by 2026, emphasizing the increasing demand for reliable power solutions.
CEO Cesar Johnston highlighted this approval as a pivotal milestone, reinforcing Energous' position in the active energy harvesting technology sector.
Energous Corporation (NASDAQ: WATT) has partnered with Thinaer to introduce innovative wireless charging solutions for the industrial IoT market. This collaboration aims to enhance efficiency, reduce costs, and improve operational outcomes in manufacturing and warehousing. Thinaer's platform will integrate Energous' wireless power transfer technology, enabling digital twins of operations and identifying inefficiencies through advanced analytics. The partnership addresses growing power demands of IoT devices, promoting a more sustainable solution for industries.
Energous Corporation (NASDAQ: WATT) has announced a priced underwritten offering of common stock and accompanying warrants at $0.40 per share. The offering aims to raise approximately $3.3 million before expenses. This includes 8,250,000 shares of common stock and 8,250,000 warrants, exercisable at the same price for six years. The closing date is expected around March 28, 2023, pending customary conditions. Proceeds will support general corporate purposes. Roth Capital Partners serves as the sole book-running manager for this offering.
Energous Corporation (NASDAQ: WATT) reported its fourth-quarter results for 2022, noting a revenue of approximately $179,000, down from $225,000 in Q4 2021, while full-year revenue rose 12.5% to around $851,000. Total expenses were approximately $6.5 million, significantly lower than the previous year's $9.6 million. The net loss narrowed to approximately $(6.1) million, or $(0.08) per share. Energous is advancing its partnerships, including collaborations with LIXIL for smart sensors and Catapult for a smart football. The company ended the quarter with $26.3 million in cash and no debt, aiming for increased customer deployment and adoption of its wireless power technology in 2023.
Energous Corporation (NASDAQ: WATT) will host a conference call on March 9, 2023, at 1:30 p.m. PT to discuss its financial results for Q4 and the year ending December 31, 2022. Interested parties can join by calling 888-317-6003 in the U.S. or +1 412-317-6061 internationally, using entry number 5163176. The call will also be available on the Energous website. The company leads in RF-based wireless power networks with its WattUp® technology, having secured over 200 patents and the first FCC Part 18 certification for at-a-distance charging.
Energous Corporation (NASDAQ: WATT) has announced a collaboration with LIXIL to develop wirelessly powered smart sensors for home and office use. This partnership aims to integrate Energous' WattUp wireless power transfer technology with LIXIL’s housing technology, eliminating the need for battery maintenance. The WattUp PowerBridge can simultaneously charge multiple devices at distances of up to 15W, facilitating a range of batteryless IoT applications. This initiative is positioned to enhance the functionality of smart home devices while providing a consistent power source, promoting a seamless user experience.
Energous Corporation (NASDAQ: WATT) has announced a partnership with SATO Holdings Corporation to develop solutions that integrate Energous' 1W WattUp PowerBridge technology with SATO's IoT applications for smart retail environments. This collaboration aims to enable wireless powering of Wiliot IoT Pixel sensor tags at distances of 5 to 10 meters, enhancing asset and inventory management in stores. Demonstrations will occur at NRF 2023 in New York City from January 15-17. The partnership highlights the growing demand for efficient power solutions in retail settings.
Energous Corporation (NASDAQ: WATT) will showcase its award-winning WattUp technology at CES 2023 from January 5-8 in Las Vegas, NV. The company will feature various demonstrations, including a multi-spectral light sensor for vertical farming, a smart football, and CO2 sensors for indoor air quality. In 2022, Energous achieved significant milestones, gaining approval for its technology in nine regions and four top global markets. Energous is set to capitalize on the growing Internet of Things (IoT) market, emphasizing wireless power solutions without batteries.
Energous Corporation (NASDAQ: WATT) and Atmosic Technologies have announced a significant upgrade to their Wirelessly Powered Sensor Evaluation Kit. This update incorporates AirFuel wireless power tech, enhancing battery-free IoT applications. The kit allows for maintenance-free operations by enabling simultaneous charging of multiple devices without precise placement. This collaboration aims to drive sustainability and reduce costs in IoT deployments. CEOs from both companies expressed optimism about the impact of the new standard on future applications and market expansion.
FAQ
What is the current stock price of Energous (WATT)?
What is the market cap of Energous (WATT)?
What is Energous Corporation's core technology?
What industries does Energous serve?
What makes Energous' technology unique?
What are Energous' main products?
How does Energous contribute to IoT device efficiency?
Who are Energous' key competitors?
What is the significance of Energous' partnerships?
What challenges does Energous face in its market?
