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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 that EarTechnic has chosen its WattUp wireless charging technology for the upcoming Tie-X hearing device. This partnership aims to alleviate the hassle of frequently replacing small batteries, which can be especially challenging for elderly users. WattUp technology offers a scalable RF-based solution, enhancing the functionality of hearing aids while allowing for hermetically sealed designs. The collaboration signifies a strategic step for Energous in the medical device sector, highlighting its commitment to innovation and user-centric solutions.
Energous Corporation (NASDAQ: WATT) reported its third-quarter financial results for the period ending September 30, 2020, showing revenue of $61,500 and a net loss of $(7.6) million, or $(0.18) per share. Operating expenses were approximately $7.6 million, with $4.0 million in R&D. The company highlighted new partnerships and product developments, including a strategic collaboration with Xentris Wireless and the introduction of the EN7410M module. Energous ended the quarter with $17.3 million in cash, bolstering its foundation for future growth.
Energous Corporation (Nasdaq: WATT) announced that NewSound has received FCC approval for its WattUp-enabled Primo W hearing aid. This next-generation device utilizes Energous' radio frequency-based wireless charging technology, enabling hassle-free recharging and advanced features such as Bluetooth control and an app for user management. The Primo W hearing aid claims to enhance user experience and represents a significant advancement over previous technologies. Energous expects further announcements of WattUp-enabled products in the hearable and sensor markets.
Energous Corporation (NASDAQ: WATT) is set to hold a conference call on November 9 at 1:30 PM PT to discuss its third-quarter financial results ending September 30, 2020. Interested parties can join the call by dialing specified numbers or via the company’s website, where a replay will also be available for two weeks. Energous is known for its WattUp® technology, which is a scalable RF-based wireless charging solution, offering enhancements in efficiency and performance compared to traditional methods. The company holds 227 patents for its innovative technology.
Energous Corporation (Nasdaq: WATT) has appointed Sheryl Wilkerson to its Board of Directors, effective immediately. Wilkerson, who has advised the company since 2018, is currently the vice president of government affairs at Michelin North America. Her experience spans roles in the federal government and corporate sectors, enhancing Energous's focus on government relations and corporate governance.
President and CEO Stephen R. Rizzone emphasized her valuable contributions, particularly at the FCC, as Energous progresses in the wireless charging sector.
Energous Corporation (Nasdaq: WATT) has received a Class II permissive change from the FCC, expanding its WattUp® wireless charging technology to a charging zone of one meter. This milestone allows the company and its partners to innovate in wireless charging products. The CEO emphasized ongoing strong interest in WattUp technology, even as pandemic-related delays negatively impacted third-quarter revenues, which are expected to rebound in future quarters. WattUp applications include wearables and remote controls, positioning Energous as a leader in the wireless charging market.