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Energous Corporation d/b/a Energous Wireless Power Solutions reports developments in over-the-air wireless power networks for ambient Internet of Things deployments. Its technology combines transmitter systems, receiver integrated circuits, software controls, hardware designs and antenna systems to deliver RF-based wireless power and data to battery-free devices used in asset and inventory tracking, electronic shelf labels, retail sensors, air-quality monitors and motion detection.
Recurring news for WATT includes earnings releases, commercial deployment updates, proof-of-concept programs across enterprise markets, PowerBridge transmitter shipments, regulatory approvals for PowerBridge Lite and PowerBridge Pro, partnerships, customer adoption, investor-conference participation and equity financing activity.
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.
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 $12 billion in 2021 to $40 billion by 2025, highlighting the opportunity for Energous in this expanding field.
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.