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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 announced a collaboration with Sensirion (SIX: SENS) to develop next-generation maintenance-free CO2 sensors powered wirelessly for improving Indoor Air Quality (IAQ) in industrial and commercial settings. This collaboration aims to eliminate the battery maintenance issue associated with CO2 sensors, enhancing their deployment efficacy. Sensirion has over 20 years of experience in sensor technology, and their CO2 sensors can significantly reduce energy consumption. Both companies will showcase their innovations at electronica 2022.
Energous Corporation (NASDAQ: WATT) reported its third-quarter financial results for 2022, showcasing a revenue increase to approximately $223,000, up nearly 11% compared to $201,000 in Q3 2021. The company incurred costs and expenses of about $6.3 million, resulting in a net loss of approximately $(6.0) million or $(0.08) per share. Energous secured significant partnerships, including collaborations with Flagship and NGK INSULATORS, and received FCC authorization for its WattUp PowerBridge transmitter, enabling higher power transfer for IoT devices. The company ended Q3 with $30.4 million in cash and no debt.
Energous Corporation (NASDAQ: WATT) will present a corporate overview at the LD Micro Main Event XV on October 25, 2022, at 3 p.m. PT. CEO Cesar Johnston and CFO Bill Mannina will discuss the company’s advancements in RF-based wireless power technology. Interested investors can access the live webcast here. Energous is recognized for its WattUp® technology, which offers both near field and remote charging solutions, and holds over 200 patents in the industry.
Energous Corporation (NASDAQ: WATT) has partnered with NGK Insulators to integrate its WattUp technology with NGK's EnerCera® batteries, aiming to create maintenance-free power solutions for IoT devices. The EnerCera battery, known for its compact and efficient design, includes ultra-thin and coin-type options, enhancing power delivery for sensors and asset trackers. This collaboration addresses the increasing power demands in the expanding IoT market by enabling devices to operate without battery replacements or cables.
Energous Corporation (NASDAQ: WATT), a pioneer in RF-based wireless power solutions, has scheduled a conference call on November 3 at 1:30 p.m. PT to discuss its third quarter financial results for the period ending September 30, 2022. The call will be accessible via phone and streamed on the company’s website, where it will be archived until November 2023. Energous is renowned for its WattUp® technology, the only solution supporting both contact and distance charging, further establishing its leadership in the wireless power market.
Energous Corporation (NASDAQ: WATT) announced the approval of the ITU Recommendation ITU-R SM.2151-0, allowing for the use of the 900 MHz frequency band in wireless power transfer. This recommendation supports the company's WattUp PowerBridges technology, enhancing wireless charging for IoT devices. Energous has led efforts in this process with support from the US, Japan, and Brazil. The 900 MHz band is expected to optimize performance and cost, addressing limitations of existing power delivery methods. This development aligns with the increasing demand for reliable power in growing IoT applications.
Energous Corporation (NASDAQ: WATT) announces its second retail store deployment in Australia in collaboration with Flagship and Academy Brand, utilizing Wiliot IoT Pixels powered by Energous WattUp PowerBridges. This initiative enhances retail operations by enabling real-time tracking of inventory and consumer behavior, facilitating data-driven insights for better management. The deployment underscores Energous' commitment to revolutionizing the retail sector through innovative wireless power technologies. CEO Cesar Johnston highlights the significant progress in commercial rollouts for smart retail.
Energous Corporation (NASDAQ: WATT) will present a corporate overview and demonstrate its WattUp® technology at an investor lunch event on September 20, 2022, in New York City. CEO Cesar Johnston and CFO Bill Mannina will lead the presentation, showcasing the company's advancements in RF-based charging for wireless power networks. The updated presentation will be available on the company's investor relations website at 11 a.m. ET on the same day.
Energous Corporation (NASDAQ: WATT) announced that its 1W WattUp PowerBridge transmitter has received regulatory approval for import and sales in Australia and New Zealand. This certification marks a significant milestone as Energous accelerates approvals globally, having previously achieved similar certifications in China, the United States, Canada, Europe, and India. The 1W WattUp technology allows for charging multiple devices wirelessly and simultaneously over distances, tapping into the growing IoT ecosystem, projected to near 40 billion devices by 2025.
Energous Corporation (NASDAQ: WATT) has introduced a new Wireless Energy Harvesting Evaluation Kit in collaboration with e-peas. This kit, featuring e-peas evaluation boards and Energous' FCC-certified 1W WattUp PowerBridge, will be showcased at SIDO Lyon on September 15, 2022. The kit aims to facilitate energy harvesting applications in various sectors including smart homes and industrial IoT, priced at $599. A specialized training session for developers will be conducted during the event, costing $999 and including the kit.