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) and Atmosic Technologies have launched a Wirelessly-Charged Sensor Evaluation Kit, enabling battery-free IoT applications through wireless power transfer. This kit includes Atmosic’s ATM3 energy harvesting Bluetooth Low Energy SoC and Energous’ FCC-certified 1W WattUp PowerBridge transmitter. Expected to address the growing IoT sector, which may reach 40 billion devices by 2025, this solution aims to eliminate battery replacement issues. Priced at $500 USD, it is set for release in Q2 2022.
Energous Corporation (Nasdaq: WATT) has partnered with WiGL to utilize its WattUp wireless power transfer technology for touchless wireless charging applications in harsh environments. This collaboration aims to eliminate the need for charging cables and frequent battery replacements, enhancing device reliability. CEO Cesar Johnston highlighted the technology's advantages in rugged settings. WiGL's CEO, Ahmad Glover, noted the importance of this technology for military use, addressing electrical power challenges effectively. Energous continues to lead in wireless power networks with over 200 patents and the first FCC certification for at-a-distance charging.
Energous Corporation (NASDAQ: WATT) reported substantial progress in its fourth-quarter results for 2021, achieving revenue of $225,404, up from $90,000 in the same period last year. The company's operating expenses stood at approximately $9.6 million, resulting in a net loss of $(9.4) million. Energous secured key regulatory approvals for its 1W WattUp PowerBridge and 10W WattUp PowerHub, expanding market opportunities in Canada, Europe, and India. The company had $49.1 million in cash with no debt, positioning itself for strategic growth in the wireless power sector.
Energous Corporation (NASDAQ: WATT), a pioneer in RF-based wireless charging, will host a conference call on February 24, 2022, at 1:30 p.m. PT to discuss its fourth-quarter financial results for 2021, ending December 31. The call can be accessed via a toll-free number or through the company’s website, where it will also be archived until January 2023. Energous is known for its WattUp technology, offering innovative solutions for wireless power and holding over 200 patents. The release includes forward-looking statements regarding industry growth and financial expectations.
Energous Corporation (Nasdaq: WATT) has received regulatory approval for its 1W WattUp PowerBridge transmitter in the US, Canada, Europe, and India. This approval facilitates the expansion of their wireless power networks across various sectors, including retail and medical IoT applications. Market analysis projects a surge in IoT devices from 9 billion this year to over 25 billion by 2030, highlighting a significant market opportunity. The WattUp technology enables simultaneous charging of multiple devices, positioning Energous to capitalize on the growing demand for efficient power solutions.
Energous Corporation (NASDAQ: WATT) is set to demonstrate its innovative wireless power network technology at CES 2022 in Las Vegas from January 5-8. The company has received recognition as a CES 2022 Innovation Awards honoree in two categories: Embedded Technology and Sustainability. Energous is showcasing its award-winning WattUp technology alongside partner products, further solidifying its position as a leader in RF-based charging. The event highlights the company's recent regulatory approvals and partnerships fueling growth in the wireless charging ecosystem.
Energous Corporation (Nasdaq: WATT) announced a collaboration with Syntiant to showcase their joint technology at CES 2022 in Las Vegas from January 5-8. The partnership aims to combine Energous’ WattUp wireless power network with Syntiant’s Neural Decision Processors for edge AI applications. This innovation addresses power delivery challenges for IoT devices and supports simultaneous charging. Energous continues to lead in RF-based charging technology, with over 200 patents and the first FCC certification for at-a-distance wireless charging.
Energous Corporation (NASDAQ: WATT) has appointed Cesar Johnston as its chief executive officer, effective December 6, 2021. Johnston, who has been with the company for seven years and served as acting CEO since July 2021, has overseen significant regulatory approvals for the company's WattUp wireless power transfer technology. The board believes Johnston's expertise in RF power will drive growth and open new global markets for Energous' innovations. Johnston's leadership aims to enhance distance transmission applications in IoT wireless power networks.
Energous Corporation (Nasdaq: WATT) has received regulatory approval for its 1W WattUp PowerBridge transmitter in
Energous Corporation (Nasdaq: WATT) has launched its new 10W WattUp PowerHub transmitter, receiving FCC Part 18 equipment authorization. This approval enables the device to transmit higher power wirelessly, nearly doubling power transfer capabilities in the U.S. The company previously secured regulatory approval in Europe. Energous projects significant growth in IoT devices, from 9 billion currently to over 25 billion by 2030, driving demand for its wireless power solutions across various sectors. The technology supports multiple device charging and is already approved in over 100 countries.
FAQ
What is the current stock price of Energous Corporation (WATT)?
What is the market cap of Energous Corporation (WATT)?
What is Energous Corporation known for?
What products does Energous Corporation offer?
How does WattUp® technology work?
What recent partnerships has Energous Corporation announced?
What are the core applications of Energous' technology?
How does Energous' technology benefit users?
What is Wireless Power Networks Technology (WPNT)?
What sets WattUp® apart from traditional wireless charging systems?
Where can one use WattUp® technology?
What industries can benefit from Energous' technology?
