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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 InnoTractor, a European IoT solutions provider, to integrate wireless power solutions for real-time asset tracking in various industries. This collaboration aims to utilize Energous’ PowerBridge technology and Wiliot IoT Pixel tags to enhance cost-effectiveness, mobility, and sustainability in logistics and supply chains.
The asset tracking market is experiencing rapid growth, necessitating reliable power solutions for Internet-connected devices. This partnership will facilitate customized, wirelessly powered IoT solutions, addressing the pressing challenge of providing consistent power to numerous devices in large-scale deployments.
Both companies hope this collaboration will expand Energous' market reach into Europe, further driving innovation in the wireless charging sector.
Energous Corporation (NASDAQ: WATT) has secured regulatory approval for its 1W PowerBridge in Japan, allowing for unlimited power distance transmission in IoT applications across various sectors, including healthcare and retail.
This achievement marks a significant step in expanding Energous' market reach, following similar approvals in South Korea, China, the US, Canada, Europe, India, and Australia. The Japanese IoT market is projected to exceed 9.1 trillion yen ($69 billion) by 2026, emphasizing the increasing demand for reliable power solutions.
CEO Cesar Johnston highlighted this approval as a pivotal milestone, reinforcing Energous' position in the active energy harvesting technology sector.
Energous Corporation (NASDAQ: WATT) has partnered with Thinaer to introduce innovative wireless charging solutions for the industrial IoT market. This collaboration aims to enhance efficiency, reduce costs, and improve operational outcomes in manufacturing and warehousing. Thinaer's platform will integrate Energous' wireless power transfer technology, enabling digital twins of operations and identifying inefficiencies through advanced analytics. The partnership addresses growing power demands of IoT devices, promoting a more sustainable solution for industries.
Energous Corporation (NASDAQ: WATT) has announced a priced underwritten offering of common stock and accompanying warrants at $0.40 per share. The offering aims to raise approximately $3.3 million before expenses. This includes 8,250,000 shares of common stock and 8,250,000 warrants, exercisable at the same price for six years. The closing date is expected around March 28, 2023, pending customary conditions. Proceeds will support general corporate purposes. Roth Capital Partners serves as the sole book-running manager for this offering.
Energous Corporation (NASDAQ: WATT) reported its fourth-quarter results for 2022, noting a revenue of approximately $179,000, down from $225,000 in Q4 2021, while full-year revenue rose 12.5% to around $851,000. Total expenses were approximately $6.5 million, significantly lower than the previous year's $9.6 million. The net loss narrowed to approximately $(6.1) million, or $(0.08) per share. Energous is advancing its partnerships, including collaborations with LIXIL for smart sensors and Catapult for a smart football. The company ended the quarter with $26.3 million in cash and no debt, aiming for increased customer deployment and adoption of its wireless power technology in 2023.
Energous Corporation (NASDAQ: WATT) will host a conference call on March 9, 2023, at 1:30 p.m. PT to discuss its financial results for Q4 and the year ending December 31, 2022. Interested parties can join by calling 888-317-6003 in the U.S. or +1 412-317-6061 internationally, using entry number 5163176. The call will also be available on the Energous website. The company leads in RF-based wireless power networks with its WattUp® technology, having secured over 200 patents and the first FCC Part 18 certification for at-a-distance charging.
Energous Corporation (NASDAQ: WATT) has announced a collaboration with LIXIL to develop wirelessly powered smart sensors for home and office use. This partnership aims to integrate Energous' WattUp wireless power transfer technology with LIXIL’s housing technology, eliminating the need for battery maintenance. The WattUp PowerBridge can simultaneously charge multiple devices at distances of up to 15W, facilitating a range of batteryless IoT applications. This initiative is positioned to enhance the functionality of smart home devices while providing a consistent power source, promoting a seamless user experience.
Energous Corporation (NASDAQ: WATT) has announced a partnership with SATO Holdings Corporation to develop solutions that integrate Energous' 1W WattUp PowerBridge technology with SATO's IoT applications for smart retail environments. This collaboration aims to enable wireless powering of Wiliot IoT Pixel sensor tags at distances of 5 to 10 meters, enhancing asset and inventory management in stores. Demonstrations will occur at NRF 2023 in New York City from January 15-17. The partnership highlights the growing demand for efficient power solutions in retail settings.
Energous Corporation (NASDAQ: WATT) will showcase its award-winning WattUp technology at CES 2023 from January 5-8 in Las Vegas, NV. The company will feature various demonstrations, including a multi-spectral light sensor for vertical farming, a smart football, and CO2 sensors for indoor air quality. In 2022, Energous achieved significant milestones, gaining approval for its technology in nine regions and four top global markets. Energous is set to capitalize on the growing Internet of Things (IoT) market, emphasizing wireless power solutions without batteries.
Energous Corporation (NASDAQ: WATT) and Atmosic Technologies have announced a significant upgrade to their Wirelessly Powered Sensor Evaluation Kit. This update incorporates AirFuel wireless power tech, enhancing battery-free IoT applications. The kit allows for maintenance-free operations by enabling simultaneous charging of multiple devices without precise placement. This collaboration aims to drive sustainability and reduce costs in IoT deployments. CEOs from both companies expressed optimism about the impact of the new standard on future applications and market expansion.