Haier Wireless Inks Wire-Free Charging Agreement with Energous Corporation to Accelerate Industrialization Application of the Wireless Charging Technology
Refrigerators, Microwaves, Washers and Dryers to Serve as WattUp Transmitters via JDA with Haier Wireless
San Jose, Calif. – October 27, 2014 – Energous Corporation (“Energous” or “the Company”) (NASDAQ: WATT), has signed a joint development agreement (JDA) with Haier Wireless, a wholly-owned subsidiary of Haier Group, to collaborate on applying WattUp transmitter technology in household appliances such as refrigerators, washing machines, dryers, microwaves, stoves and more. Energous Corporation is the developer of WattUp™, a disruptive wire-free charging technology for electronic devices that provides power at a distance with complete mobility under full software control. Haier Group is the world’s number-one major appliance brand.
“WattUp is a natural fit for a wide range of Smart Home products,” said William Xu, CMO of Haier Wireless. “As Haier Wireless continues to make efforts and the wireless power industrial ecosystem continues to improve in the connected home market, Haier will accelerate industrialization application of true wire-free charging technology. In our vision, WattUp-embedded Haier Wireless appliances would serve as transmitters for any WattUp-enabled device that is within range.”
“Expanding into the Smart Home is a central piece of Energous’ roadmap, and WattUp transmitter deployments into Haier Wireless’ household appliances gives us a new channel to do so,” said Stephen R. Rizzone, CEO of Energous. “This will enable us to create an always-on charging environment in high-traffic areas in homes, offices, retail stores and other commercial spaces.”
WattUp is a revolutionary, patent-and trademark-pending solution that delivers intelligent, scalable power via the same radio bands as a Wi-Fi router. WattUp differs from current wireless charging systems in that it delivers meaningful, useable power at a distance, allowing users to roam while charging. The result is a true wire-free experience that saves users from having to remember to plug in their devices or place them on a mat.
“Furthermore, our agreement with Haier Wireless brings Energous full-circle in establishing a complete wire-free charging ecosystem,” Rizzone continued. “We now have 10 JDAs that will see WattUp transmitter and receiver technology embedded in devices such as smartphones, Wi-Fi routers and now a wide range of household appliances. With WattUp transmitters in the spaces where consumers spend the majority of their time, collective behaviors around charging devices will be forever changed.”
About Haier Wireless
Haier Wireless is a wholly owned subsidiary of Haier Group, the world’s #1 in large home appliance sales as ranked by Euromonitor International’s 2013 global marketing survey, and a global leader in consumer electronics. Haier sells products in more than 100 countries and regions with global revenues reaching $29.5 billion in 2013. Haier is a proud supporter of the National Parks Conservation Association.
About Energous Corporation
Energous Corporation is developing WattUp™, a wire-free charging technology that will transform the way people charge and power their electronic devices at home, in the office, in the car and beyond. WattUp is a revolutionary, patent-and trademark-pending solution that delivers intelligent, scalable power via the same radio bands as a Wi-Fi router. WattUp differs from current wireless charging systems in that it delivers meaningful, useable power, at a distance, allowing users to roam while charging. The result is a wire-free experience that saves users from having to remember to plug in their devices or place them on a mat. Energous will initially license WattUp to the wearable and mobile-accessory markets and will expand to other markets such as Wi-Fi routers and smartphones over time. For more information, please visit www.energous.com.
Safe Harbor Statement
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