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 partnered with Cisper, an AIDC products distributor in Europe, to enhance market access for its WattUp wireless power network technology. This collaboration aims to facilitate IoT deployments by providing reliable power solutions. According to IDC, the global IoT ecosystem is projected to grow from 12 billion devices today to 39.3 billion by 2025, driving the need for innovative power sources. The partnership will enable Energous to connect with more system integrators and software vendors across diverse applications, boosting potential customer outreach.
Energous Corporation (NASDAQ: WATT) announced the approval of its 1W WattUp PowerBridge transmitter technology in South Korea for unlimited wireless power distance transmission catering to IoT applications. This technology is designed to support various next-gen IoT solutions, such as smart tags and sensors, enhancing Energous' global wireless power ecosystem. The approval follows several global certifications this year, as Energous aims to leverage strong IoT growth in Korea, targeting trendsetting OEMs. The technology allows simultaneous charging of multiple devices, positioning Energous competitively in the expanding IoT market.
Energous Corporation (NASDAQ: WATT) will present at the Ladenburg Thalmann Virtual Technology Expo on December 7, 2022, at 2:30 p.m. ET. CEO Cesar Johnston will lead the presentation, highlighting the company’s advancements in RF-based wireless power technologies. Interested parties can register to attend the virtual event and access the presentation on the company's investor relations website. The expo will feature around 50 tech and media companies, providing insights to a select institutional investor audience.
Energous Corporation (Nasdaq: WATT) announced the issuance of inducement restricted stock units (RSUs) to a new non-executive employee. On November 16, 2022, the company granted 7,500 RSUs under its 2017 Equity Inducement Plan. The RSUs will vest over three years, with one-third vesting annually based on continued service. The grant was approved by the compensation committee and follows Nasdaq rules regarding inducement awards. Energous is known for its innovative RF-based wireless charging technology, WattUp.
Energous Corporation (NASDAQ: WATT) has partnered with CAP-XX Limited to develop battery-free IoT solutions using Energous' WattUp technology and CAP-XX's supercapacitors. This collaboration aims to mitigate the issue of frequent battery replacements in IoT devices, enhancing scalability and reducing maintenance costs. CAP-XX's supercapacitors deliver high energy storage and power density, ideal for space-restricted applications. This advancement is expected to improve the performance of interconnected devices across various sectors.
Energous Corporation (NASDAQ: WATT) announced that its WattUp PowerBridge wireless power technology has been recognized as a CES® 2023 Innovation Awards honoree in the Embedded Technology category, marking the second consecutive year of this honor. The CES Innovation Awards received over 2,100 submissions this year. Energous' technology enables wireless charging for IoT devices, capable of powering multiple devices simultaneously from distances of 1W to 15W. The company will showcase its award-winning technology at CES 2023 in Las Vegas, January 5-8, 2023.
Energous (NASDAQ: WATT) will showcase its wireless power network technology at electronica 2022 in Munich, Germany, from November 15-18. The demonstrations will feature innovative applications including:
- CO2 Sensors powered wirelessly for indoor air quality.
- Wiliot IoT Pixels for augmented reality data visualization.
- Electronic Shelf Labels powered by WattUp technology.
- Wireless Sensor Evaluation Kit combining Energous' technology with Atmosic sensors.
This event underscores the growing relevance of batteryless solutions in the expanding IoT market.
Energous Corporation (NASDAQ: WATT) has announced a collaboration with Sensirion (SIX: SENS) to develop next-generation maintenance-free CO2 sensors powered wirelessly for improving Indoor Air Quality (IAQ) in industrial and commercial settings. This collaboration aims to eliminate the battery maintenance issue associated with CO2 sensors, enhancing their deployment efficacy. Sensirion has over 20 years of experience in sensor technology, and their CO2 sensors can significantly reduce energy consumption. Both companies will showcase their innovations at electronica 2022.
Energous Corporation (NASDAQ: WATT) reported its third-quarter financial results for 2022, showcasing a revenue increase to approximately $223,000, up nearly 11% compared to $201,000 in Q3 2021. The company incurred costs and expenses of about $6.3 million, resulting in a net loss of approximately $(6.0) million or $(0.08) per share. Energous secured significant partnerships, including collaborations with Flagship and NGK INSULATORS, and received FCC authorization for its WattUp PowerBridge transmitter, enabling higher power transfer for IoT devices. The company ended Q3 with $30.4 million in cash and no debt.
Energous Corporation (NASDAQ: WATT) will present a corporate overview at the LD Micro Main Event XV on
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