WiGL and Energous Announce Developmental Milestone to Bring Touchless Wireless Power Transfer Networks to Market
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Insights
The successful completion of FCC product safety compliance by WiGL and Energous marks a pivotal moment for both companies, potentially accelerating their entry into the civilian market for IoT devices. This development is significant as it bridges the gap between military innovation and commercial application, a transition that has historically led to widespread adoption and market growth in various technology sectors. The collaboration underscores the companies' commitment to meeting stringent regulatory standards, which is often a key concern for investors looking to gauge the viability and long-term potential of tech companies.
The IoT market is expected to grow exponentially and the ability to provide touchless wireless charging could position WiGL and Energous as front-runners in this space. By eliminating the need for replaceable batteries and charging cables, they address a major pain point for IoT deployment, potentially leading to increased demand for their products. Investors should note the potential for reduced maintenance costs and the environmental benefits of minimizing toxic waste from batteries, which could enhance the companies' ESG profiles and appeal to socially responsible investors.
WiGL's recent achievement in FCC compliance, facilitated by Energous' regulatory expertise, is likely to have a positive impact on the financial outlook for both companies. Achieving such compliance is a non-trivial barrier to entry that can act as a moat against competition, potentially leading to a first-mover advantage in the wireless power transfer market for IoT. The funding from the Air Force Research Lab suggests a level of confidence in the technology's application and future revenue streams, which may be of particular interest to investors focused on defense and technology sectors.
As the companies move towards mass production, investors should monitor the capital expenditure associated with scaling operations and the impact on cash flow. Furthermore, the market's reception of the commercial products will be a critical factor in assessing future earnings potential. Given the novelty of the technology, adoption rates may vary and investors should consider the risks associated with consumer acceptance and the rate of technological advancement in the IoT space.
The intersection of RF-based wireless power networks and IoT represents a significant technological advancement, with WiGL and Energous at the forefront. The successful FCC certification indicates that the technology not only meets safety standards but is also ready for broader application. This development could catalyze innovation within the IoT ecosystem, as wireless power transfer (WPT) technology is poised to enhance device connectivity and operational efficiency.
Understanding the technical aspects of tWPT and RF-based wireless power is crucial for stakeholders. WPT enables devices to receive power without physical connectors, which can lead to more flexible and resilient IoT networks. As the technology matures and is adopted, it could lead to new use cases and business models, potentially disrupting traditional markets that rely on cabled power solutions. Stakeholders should also consider the potential for Energous' PowerBridges to become a standard in the industry, which would have significant implications for market leadership and patent licensing revenue.
Joint solution successfully completes FCC product safety compliance
WiGL and Energous have completed the third and final milestone of their partnership to develop and design WiGL’s touchless Wireless Power Transfer (tWPT) product, successfully meeting Federal Communication Commission (FCC) compliance. The WiGL final product is also designed for UL product safety compliance.
The WiGL project was funded by the Air Force Research Lab at the
“Transitioning products developed for the
This WiGL’s Tx network focusing on civilian markets is a large part of the planned product release of the WiGL Wireless charging commercial products. WiGL’s tWPT network powered by Energous delivers a convenient wireless power solution to customers, removing the need for replaceable batteries and charging cables across IoT deployments. Energous’ regulatory expertise was instrumental in addressing requirements and certifications at this crucial step, including RF, EMC and Product Safety, among others.
“Designing and developing cutting-edge wireless power network solutions is the core of what Energous offers and achieving regulatory compliance is a critical step in bringing wirelessly powered products to market,” said Cesar Johnston, President and CEO of Energous. “Energous PowerBridges deliver wireless power over the air to IoT, reducing downtime, maintenance costs and toxic waste, while increasing range of coverage and overall efficiency. We’re excited to support WiGL’s commercialization in bringing these benefits to more projects aimed at solving a crucial power need for the growing IoT ecosystem.”
To learn more about Energous, please visit Energous.com or follow the Energous’ corporate pages on Twitter, Facebook and LinkedIn.
About WiGL
By partnering with pioneers in the wireless power industry, WiGL has emerged as the umbrella technology creating the future for smart, touchless, wireless power networks. WiGL, Wireless-electric Grid Local Air Networks (pronounced “wiggle”), is transitioning new technologies developed for the Department of Defense to commercial markets. WiGL is on a mission to use over-the-air targeted wireless power networks to help recharge the Internet of Things (“IoT”).
WiFi gets you wireless internet, WiGL gets you wireless power networks.
To learn more about WiGL, please visit:
In the
Abroad: FrontFundr.com/WiGL
or follow WiGL on Instagram, Facebook, Twitter and LinkedIn
About Energous Corporation
Energous Corporation (NASDAQ: WATT) has been pioneering wireless charging over distance technology since 2012. Today, as the global leader in wireless charging over distance, its networks are safely and seamlessly powering its customers’ RF-based systems in a variety of industries, including retail, industrial, healthcare and more. Its total network solution is designed to support a variety of applications, including inventory and asset tracking, smart manufacturing, electronic shelf labels, IoT sensors, digital supply chain management, inventory management, loss prevention, patient/people tracking and sustainability initiatives. The number of industries and applications it serves is rapidly growing as it works to support the next generation of the IoT ecosystem.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, and the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact included in this press release are forward-looking statements. Forward-looking statements may describe our future plans and expectations and are based on the current beliefs, expectations and assumptions of Energous. These statements generally use terms such as “believe,” “expect,” “may,” “will,” “should,” “could,” “seek,” “intend,” “plan,” “estimate,” “anticipate” or similar terms. Examples of forward-looking statements in this release include but are not limited to statements about the future of the global wireless charging industry and statements about our technology and its expected functionality. Factors that could cause actual results to differ from current expectations include: uncertain timing of necessary regulatory approvals; timing of customer product development and market success of customer products; our dependence on distribution partners; and intense industry competition. We urge you to consider those factors, and the other risks and uncertainties described in our most recent annual report on Form 10-K as filed with the Securities and Exchange Commission (SEC), any subsequently filed quarterly reports on Form 10-Q as well as in other documents that may have been subsequently filed by Energous, from time to time, with the SEC, in evaluating our forward-looking statements. In addition, any forward-looking statements represent Energous’ views only as of the date of this release and should not be relied upon as representing its views as of any subsequent date. Energous does not assume any obligation to update any forward-looking statements unless required by law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240215060183/en/
WiGL
Michelle Goode
m.goode@wiglinc.com
Energous Investor Relations
Padilla IR
IR@energous.com
Energous Corporate Communications
SHIFT Communications
energous@shiftcomm.com
Source: WiGL and Energous Corporation
FAQ
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