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) announced the approval of the ITU Recommendation ITU-R SM.2151-0, allowing for the use of the 900 MHz frequency band in wireless power transfer. This recommendation supports the company's WattUp PowerBridges technology, enhancing wireless charging for IoT devices. Energous has led efforts in this process with support from the US, Japan, and Brazil. The 900 MHz band is expected to optimize performance and cost, addressing limitations of existing power delivery methods. This development aligns with the increasing demand for reliable power in growing IoT applications.
Energous Corporation (NASDAQ: WATT) announces its second retail store deployment in Australia in collaboration with Flagship and Academy Brand, utilizing Wiliot IoT Pixels powered by Energous WattUp PowerBridges. This initiative enhances retail operations by enabling real-time tracking of inventory and consumer behavior, facilitating data-driven insights for better management. The deployment underscores Energous' commitment to revolutionizing the retail sector through innovative wireless power technologies. CEO Cesar Johnston highlights the significant progress in commercial rollouts for smart retail.
Energous Corporation (NASDAQ: WATT) will present a corporate overview and demonstrate its WattUp® technology at an investor lunch event on September 20, 2022, in New York City. CEO Cesar Johnston and CFO Bill Mannina will lead the presentation, showcasing the company's advancements in RF-based charging for wireless power networks. The updated presentation will be available on the company's investor relations website at 11 a.m. ET on the same day.
Energous Corporation (NASDAQ: WATT) announced that its 1W WattUp PowerBridge transmitter has received regulatory approval for import and sales in Australia and New Zealand. This certification marks a significant milestone as Energous accelerates approvals globally, having previously achieved similar certifications in China, the United States, Canada, Europe, and India. The 1W WattUp technology allows for charging multiple devices wirelessly and simultaneously over distances, tapping into the growing IoT ecosystem, projected to near 40 billion devices by 2025.
Energous Corporation (NASDAQ: WATT) has introduced a new Wireless Energy Harvesting Evaluation Kit in collaboration with e-peas. This kit, featuring e-peas evaluation boards and Energous' FCC-certified 1W WattUp PowerBridge, will be showcased at SIDO Lyon on September 15, 2022. The kit aims to facilitate energy harvesting applications in various sectors including smart homes and industrial IoT, priced at $599. A specialized training session for developers will be conducted during the event, costing $999 and including the kit.
Energous Corporation (Nasdaq: WATT) announced on August 16, 2022, the issuance of inducement restricted stock units (RSUs) to five new employees, covering a total of 581,000 shares. The RSUs will vest either over three years, with one-third vesting annually, or over four years, with 25% vesting after the first year. This grant, approved by the compensation committee, is part of the company's 2017 Equity Inducement Plan, complying with Nasdaq rules. Energous aims to enhance its workforce as it leads in RF-based charging technology.
Energous Corporation (NASDAQ: WATT) announces the appointment of J. Michael Dodson and David Roberson to its Board of Directors, effective immediately. Dodson, CFO at Quantum Corporation, brings extensive experience in financial leadership from various technology firms, while Roberson, CEO of RoseRyan, has a robust background in technology advisory roles. Both will contribute to Energous’ strategic direction, particularly in expanding the company’s wireless power network ecosystem, securing regulatory approvals, and forming partnerships.
Energous Corporation (NASDAQ: WATT) has received FCC authorization for its new 15W WattUp PowerBridge transmitter, allowing for significantly higher power wireless transmission without distance restrictions. This development is pivotal for the IoT market, enabling efficient power delivery to devices including electronic shelf labels and RF-based asset tracking. Industry analyst IDC forecasts that global IoT devices will surge from 12 billion to nearly 40 billion by 2025. The WattUp PowerBridge can charge multiple devices simultaneously, promoting a new era for batteryless and maintenance-free IoT solutions.
Energous Corporation (NASDAQ: WATT) announced financial results for Q2 2022, reporting revenue of approximately $233,000, a 26% increase from Q2 2021. The company incurred costs and expenses of around $7.3 million, resulting in a net loss of $(7.0) million or $(0.09) per share. Energous received FCC approval for its WattUp PowerBridge, enabling 15W wireless power transfer, supporting growth in the IoT sector. The company also highlighted partnerships with Flagship and Atmosic Technologies, emphasizing progress in regulatory approvals and market integration.
Energous Corporation (Nasdaq: WATT) has partnered with Flagship to deploy Wiliot IoT Pixel smart tags, energized by WattUp PowerBridges, in a major Australian retail store in Sydney. This pioneering deployment enables real-time tracking of inventory and customer behavior, facilitating improved operational efficiency and loss prevention. The Wiliot tags are designed to gather actionable insights on stock integrity and purchasing habits, showcasing the potential for scalability across various sectors, including retail and industrial IoT applications.
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