SAN JOSE, CA — (Marketwired) — 05/31/16 — Energous Corporation (“Energous®” or “the Company”) (NASDAQ: WATT), the developer of WattUp®, a revolutionary wire-free charging technology that provides over-the-air power at a distance, today announced a joint development agreement with a leading commercial and industrial supply company. The agreement is for industrial and commercial applications for the full-size WattUp transmitter, which enables wire-free charging at distances of up to 15 feet.
“We are very excited to be collaborating with this new partner to jointly develop a full-size WattUp transmitter application for wire-free power at a distance for sensors and other hard to reach IoT devices,” noted Stephen R. Rizzone, President, and CEO of Energous. “The IoT market represents a tremendous opportunity for the WattUp technology as it removes the need for continual battery replacement or dedicated power cable runs, eliminating a significant barrier to both adoption and implementation.”
In order to preserve competitive advantages, the partner has requested confidentiality. WattUp is a revolutionary, award-winning wire-free charging solution that delivers intelligent, scalable power via the same radio bands as a Wi-Fi router at a distance of up to 15 feet. To learn more about Energous Corporation, please visit www.energous.com.
About Energous Corporation
Energous Corporation is developing WattUp®, an award-winning wire-free charging technology that will transform the way people and industries charge and power their electronic devices at home, in the office, in the car and beyond. WattUp is a revolutionary RF-based charging 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 will deliver contained, useable power, at a distance, to multiple devices, resulting in a wire-free experience that saves users from having to remember to plug in their devices. For more information, please visit Energous.com, or follow Energous on Twitter and Facebook.
Safe Harbor Statement
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Source: Energous Corporation
Released May 31, 2016