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) 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.
Catapult has launched a revolutionary smart football in partnership with Energous Corporation (NASDAQ: WATT) that features wireless charging and an embedded tracker. Displayed at CES 2023 in Las Vegas, this innovation allows real-time tracking of the football's movements while providing precise performance data. The football utilizes a Local Positioning System (LPS) chip, creating over 1,000 metrics for coaches. Energous's WattUp technology powers the football, ensuring uninterrupted practice and game play. This collaboration signifies a major advancement in sports technology for elite teams.
Energous Corporation (NASDAQ: WATT) has announced its support for the AirFuel RF, now recognized as an industry standard for RF-based wireless charging. As a board member of the AirFuel Alliance, Energous highlighted how this development enables simultaneous charging of various IoT devices, addressing power needs in sectors like retail and industrial. This advancement aims to eliminate the reliance on replaceable batteries and power cables, enhancing operational efficiency. The technology promotes batteryless and maintenance-free devices, pivotal for the expanding IoT ecosystem.
Energous Corporation (NASDAQ: WATT) and ams OSRAM announced a collaboration to develop a wirelessly powered multi-spectral light sensor aimed at vertical farming and controlled-environment agriculture. This solution combines ams OSRAM's AS7343 spectral sensor with Energous' WattUp PowerBridge technology. A live demonstration is set for CES 2023, showcasing a device that enables flexible and efficient light management without the need for batteries. This innovation could optimize lighting for farmers and enhance agricultural efficiency.
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