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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) 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.
Energous Corporation (NASDAQ: WATT) announced a conference call scheduled for August 10, 2022, at 1:30 p.m. PT to discuss its financial results for Q2 ending June 30, 2022.
The call can be accessed by dialing 888-317-6003 in the U.S. or +1 412-317-6061 internationally, with a participant number. It will also be broadcast on the Energous website.
The company emphasizes its position as a leader in RF-based wireless power networks with significant patents and regulatory milestones.
Energous Corporation (NASDAQ: WATT) and Atmosic Technologies have launched the Wirelessly Powered Sensor Evaluation Kit, featuring Atmosic’s ATM3 energy harvesting Bluetooth Low Energy SoC and Energous’ FCC-certified 1W WattUp PowerBridge transmitter. This kit allows IoT developers to create wireless power networks, eliminating reliance on batteries and reducing costs for IoT deployments. The kit, priced at $500, directly addresses the challenges of powering billions of IoT devices projected to grow to 40 billion by 2025. Shipping starts later in July.
Energous Corporation (Nasdaq: WATT) has appointed Giampaolo Marino as vice president of business development and marketing. Marino brings over 20 years of experience from companies like Analog Devices and NXP Semiconductors, where he focused on consumer and IoT applications. Energous aims to leverage Marino's expertise to enhance its WattUp® wireless power technology, addressing challenges in powering IoT devices. The global IoT market is expected to grow from
Energous Corporation (NASDAQ: WATT), a leader in RF-based wireless charging, announced the issuance of inducement RSUs to two new employees. On May 18, 2022, 10,000 shares were awarded to one employee, and another 10,000 shares were granted on February 16, 2022. The RSUs will vest over four years, contingent upon continued employment. This grant aligns with Nasdaq rules and aims to attract talent to support the company’s growth in wireless charging technology.
Energous Corporation (NASDAQ: WATT) announced that CEO Cesar Johnston will present a corporate overview and demonstrate the latest WattUp PowerBridge technology at the 2022 LD Micro Invitational, taking place from June 7th to 9th, 2022, at the Four Seasons Hotel Westlake Village.
This event underscores Energous’ leadership in RF-based wireless charging, emphasizing its innovative solutions for electronic shelf labels and IoT applications. The company's WattUp system is unique in supporting both contact and distance charging, showcasing advancements over traditional technologies.
Energous Corporation (WATT) has partnered with China-based Sekorm to enhance its WattUp wireless power technology in the world's most populous country. This collaboration will grant Energous access to expanded marketing and sales capabilities, targeting the industrial Internet of Things (IIoT) sectors. Following recent approval by China's Ministry of Industry and Information Technology, Energous aims to leverage Sekorm's extensive network to engage with more customers and capitalize on China's rapidly growing IoT market, which is expected to exceed $300 billion by 2024.
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