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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) has partnered with Atmosic Technologies to achieve the first interoperability for RF energy harvesting technology. This collaboration allows for wireless charging up to two meters, enhancing applications in retail, industrial, and consumer markets. Atmosic's innovative M3 Series chipset complements Energous' WattUp technology, aiming to reduce battery dependency and lower maintenance costs. Both companies are part of the AirFuel Alliance, promoting technological advancements in wireless power.
Energous Corporation (Nasdaq: WATT) has granted inducement restricted stock units (RSUs) to a new non-executive employee, totaling 7,000 shares. These RSUs will vest over four years with 25% vesting on the first anniversary of the hire date and the remaining shares vesting quarterly. The grant complies with Nasdaq Marketplace Rule 5635(c)(4) and was approved by the compensation committee. Energous is recognized for its innovative WattUp® wireless charging technology, holding 238 U.S. patents and having received FCC certification for at-a-distance charging.
Energous Corporation (NASDAQ: WATT) will present at the LD Micro Invitational XI event on June 9, 2021, at 9:30 AM PT. This virtual conference, hosted on the Sequire platform, runs from June 8 to June 10, 2021, featuring around 180 companies presenting for 25 minutes each. Energous is the leader in Wireless Charging 2.0 technology, known for its WattUp® solution that allows both contact and distance charging. The company holds 238 U.S. patents and has received the first FCC Part 18 certification for at-a-distance wireless charging.
Energous Corporation (NASDAQ: WATT) reported its Q1 2021 financial results, showing revenue of $145,065 and a net loss of $8.5 million. Operating expenses reached approximately $8.7 million, with R&D accounting for $4.6 million. Cash and cash equivalents stood at $44.8 million with no debt. Positive developments include European regulatory approval for WattUp PowerHub and partnerships with e-peas and Thinfilm. The company continues to see increasing interest in its wireless charging technology across various sectors.
Energous Corporation (Nasdaq: WATT) has announced that its WattUp PowerHub has passed regulatory review by a European Notified Body, confirming compliance with European radio equipment standards. This achievement positions Energous as a leader in RF-based wireless charging technology, enabling over-the-air power transfer beyond 15 feet. The WattUp PowerHub combines advanced components, including Bluetooth low energy and efficient GaN power amplifiers. This approval marks a significant milestone for the company, potentially enhancing the launch of next-gen wirelessly charged devices in Europe.
Energous Corporation (NASDAQ: WATT) will hold a conference call on May 12, 2021, at 1:30 p.m. PT to discuss its financial results for Q1 2021. Interested participants can join via phone or through the Energous website. The company leads in Wireless Charging 2.0 technology, particularly with its WattUp® solution, which allows both contact and distance charging. Energous has received 236 patents for its technology and is known for its FCC certification for at-a-distance wireless charging.
Energous Corporation (Nasdaq: WATT) announced that CEO Stephen R. Rizzone is taking a leave of absence due to health issues. In his absence, an Office of the CEO has been established, comprising key executives Brian Sereda, Cesar Johnston, and Neeraj Sahejpal. The company reported preliminary first-quarter 2021 financial results, indicating revenue of approximately $145,000 and GAAP operating expenses between $8.7 million and $9 million. As of March 31, 2021, cash and cash equivalents totaled approximately $44.8 million.
Energous Corporation (Nasdaq: WATT) has announced a partnership with e-peas S.A. to create an evaluation board that integrates e-peas’ energy harvesting PMIC technology with Energous’ wireless charging solutions. This collaboration aims to enhance at-a-distance wireless charging applications across various sectors including smart buildings, industrial IoT sensors, and retail electronic displays.
Energous Corporation (Nasdaq: WATT) and Thin Film Electronics ASA (OSE: THIN, OTCQB: TFECY) have partnered to enhance the integration of Energous' WattUp RF wireless charging with Thinfilm's solid-state lithium microbattery technology. This collaboration focuses on developing innovative solutions for wearables, hearables, and connected sensors, emphasizing convenience and efficiency. The companies aim to promote their technologies to manufacturers facing form factor constraints, potentially revolutionizing user experience in device charging and energy storage.
Energous Corporation (NASDAQ: WATT) announced its financial results for Q4 and full year 2020, reporting Q4 revenue of $90,000 and a net loss of $7.5 million. For the full year, revenue was $327,350 with a net loss of $31.8 million. Operating expenses for Q4 were around $7.6 million, while annual expenses totaled $32.2 million. The company ended the year with $50.7 million in cash and no debt. Energous highlighted partnerships with EarTechnic and others, signaling progress in its wireless charging technology, WattUp®, as it looks to expand its market presence.