Welcome to our dedicated page for Energous news (Ticker: WATT), a resource for investors and traders seeking the latest updates and insights on Energous stock.
Energous Corporation (NASDAQ: WATT), a pioneer in radio frequency (RF) wireless power technology, maintains this comprehensive news hub for investors and industry professionals. Access official press releases, financial disclosures, and technology updates surrounding the company's innovative WattUp® wireless charging solutions.
This curated collection provides critical insights into Energous' semiconductor developments, IoT power network expansions, and strategic partnerships. Users can efficiently track announcements ranging from quarterly earnings to new product certifications, all essential for understanding the company's position in the wireless power market.
The repository features updates across key operational areas including RF chipset innovations, regulatory milestones for wireless charging systems, and enterprise deployments of battery-free IoT solutions. Content is organized chronologically with clear sourcing to ensure transparency and compliance with financial disclosure standards.
Bookmark this page for streamlined access to Energous' latest technical advancements and corporate developments. Check regularly for updates on wireless power network deployments, intellectual property achievements, and market expansion initiatives shaping the future of contactless energy transfer.
Energous (NASDAQ: WATT) has announced a partnership with a global RFID leader to develop a battery-free smart tag for retail asset tracking applications. The new tag will utilize Energous' Wireless Power Network (WPN) technology to power ultra-low-power sensors and enable real-time data communication without batteries or grid connections.
The initiative targets the $4.2 billion global retail asset tracking market, which represents 30% of the total $14 billion RFID market in 2023. This collaboration marks a significant milestone in retail IoT adoption for asset and inventory tracking management.
Energous (NASDAQ: WATT) has won the 'IoT Innovation of the Year' award at the 8th annual Mobile Breakthrough Awards for its 2W PowerBridge transmitter system. The system provides wireless power networks for IoT applications, delivering continuous over-the-air energy and enabling data communication without batteries or cables. The technology combines EN3210 power amplifiers with an EN4100 SoC RF transmitter, capable of transmitting up to 8W EIRP with dual polarization and 99% device visibility.
The system is designed for enterprise applications including cold chain monitoring, fleet management, and temperature monitoring, offering improved operational efficiency and real-time data streaming for IoT devices. This breakthrough solution addresses the sustainability challenges of traditional RFID systems and battery-dependent sensors.
Energous Wireless Power Solutions (NASDAQ: WATT) has appointed Mallorie Burak as its permanent Chief Executive Officer and Board member, effective immediately. Burak, who joined the company in January 2024 as Chief Financial Officer, will continue to serve in this role alongside her new position as CEO.
With nearly 20 years of executive experience across various sectors, Burak brings a proven track record of revitalizing companies facing unique challenges. David Roberson, Chairman of the Board, expressed confidence in Burak's leadership, citing her exceptional performance as CFO and interim CEO.
Burak's appointment aims to drive Energous towards its growth and innovation goals in the wireless power technology sector, particularly as market demand for enhanced supply chain management with real-time tracking and smart inventory management increases.
Energous (NASDAQ: WATT) has announced the shipment of its 1W PowerBridge transmitter systems to a Fortune 10 multinational retail organization for use in commercial transportation applications. This follows the retailer's previous orders of 2W PowerBridge transmitters for grocery distribution centers. The ruggedized and weatherproof transmitters are designed to enable real-time inventory tracking during distribution, creating a smart supply chain that improves efficiency, customer service, and profitability.
The Energous PowerBridge transmitter systems provide a Wireless Power Network (WPN) that delivers always-on, over-the-air automated energy flow, optimizing IoT device performance. This allows the retailer to digitally monitor their transportation network 24/7/365, addressing shipment issues in real-time. The solution is described as safe, cost-effective, and eco-friendly, potentially helping retailers reduce their carbon footprint and food waste while ensuring fresher food for customers.
Energous (NASDAQ: WATT) has shipped its first orders of 2W PowerBridge transmitter systems to a Fortune 100 technology company. These transmitters will be used to create Wireless Power Networks (WPNs) for advanced asset tracking in reverse logistics processes at distribution centers. The Energous system provides continuous wireless power over-the-air and enables real-time data streaming for IoT devices in the supply chain.
Key features of the 2W PowerBridge transmitter include:
- Dual band, dual polarization antenna
- Up to 8W Effective Isotropic Radiated Power (EIRP)
- Up to 99% visibility of connected devices
Energous (NASDAQ: WATT) has received full FCC certification for its 2W PowerBridge transmitter system, marking a significant milestone in wireless power technology. This certification makes it the industry's first certified transmitter available at this power level, capable of delivering up to 8W Effective Isotropic Radiated Power (EIRP).
The Energous 2W PowerBridge transmitter enables the creation of Wireless Power Networks (WPNs) that can safely and efficiently deliver continuous wireless power over-the-air and at distance. This technology is particularly beneficial for enterprise supply chain applications, offering improved visibility, control, and intelligent business automation.
With this certification, Energous strengthens its position in the wireless power market, having received approvals in over 110 markets globally. The company's innovative technology is supported by 250+ patents, demonstrating its commitment to advancing battery-free innovations and building a more sustainable future.
Energous (NASDAQ: WATT) reported its Q2 2024 financial results and provided updates on partnerships. Key points include:
- Revenue of $46,000 vs $0.1 million in Q2 2023
- Backlog of $0.2 million as of August 6, 2024
- GAAP net loss of $(4.3) million, or $(0.65) per share
- Non-GAAP net loss improved 11% year-over-year to $(4.7) million
- Cash and cash equivalents of $4.9 million with no debt
- Active Proofs of Concept (POCs) increased to 47
- New partnerships with DigiKey, Peak Technologies, and Ecobyte
The company is transitioning from POCs to commercial deployments, focusing on wireless power network solutions for asset tracking and inventory management.
Energous (NASDAQ: WATT) has received multiple orders from a Fortune 10 multinational retailer for its 2W PowerBridge transmitter systems. This follows a successful proof of concept project for a comprehensive Wireless Power Network (WPN) that provides always-on, data-rich asset tracking for improved grocery and store supply chain visibility.
The orders are part of an initial implementation of a nationwide infrastructure optimization project, starting with modernization in a grocery distribution center and 170 grocery stores. The Energous 2W PowerBridge transmitter systems will deliver continuous wireless power over-the-air and enable real-time data streaming for IoT-enabled devices in the supply chain, such as sensors and tags.
This technology will allow the retailer to digitally monitor and optimize their grocery distribution network, proactively addressing shipment issues to ensure timely product delivery to stores.
Energous (NASDAQ: WATT), a leader in wireless power networks, has announced partnerships with Annukin, Ecobyte, and Peak Technologies to accelerate global adoption of their over-the-air (OTA) wireless power solutions. These partnerships aim to enhance IoT-enabled asset and inventory management without the need for batteries or cables. Annukin has successfully implemented Energous' technology with a Mexican retailer, improving asset tracking by over 92%. Ecobyte will offer comprehensive tracking solutions for multi-use packaging in Europe, while Peak Technologies will provide asset tracking across North America and Europe. The collaboration aims to optimize supply chains, retail, and healthcare settings worldwide.
Energous (NASDAQ: WATT) has announced a new value-added distribution partnership with DigiKey, a global distributor of technical components and automation products. This partnership will see the availability of Energous' 1W PowerBridge and 1W Omnidirectional PowerBridge transmitter systems on the DigiKey website, with additional products to follow. This move is set to expand Energous' global footprint in the rapidly growing Internet of Things (IoT) market, which is projected to exceed $650 billion by 2026. Energous' wireless power network solutions aim to provide continuous, battery-free operations for IoT applications, addressing the limitations and costs associated with traditional power solutions. This collaboration is expected to accelerate market adoption and create new opportunities for Energous' technologies in various industries, including retail and logistics.
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