Press Releases

Energous Partners to Bring Wire-Free Charging to Industry-Leading Commercial and Industrial Supply Company

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
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the "safe harbor" created by those sections. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as "believe," "expect," "may," "will," "should," "could," "seek," "intend," "plan," "estimate," "anticipate" or other comparable terms. All statements in this release that are not based on historical fact are "forward-looking statements." While management has based any forward-looking statements included in this release on its current expectations, the information on which such expectations were based may change. Forward-looking statements involve inherent risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements, as a result of various factors including those risks and uncertainties described in the Risk Factors and in Management's Discussion and Analysis of Financial Condition and Results of Operations sections of our most recent annual report on Form 10-K and any subsequent quarterly reports on Form 10-Q. We urge you to consider those risks and uncertainties in evaluating our forward-looking statements. We caution readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Except as otherwise required by the federal securities laws, we disclaim any obligation or undertaking to publicly release any updates or revisions to any forward-looking statement contained herein (or elsewhere) to reflect any change in our expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

Public Relations Contact:
Edelman
Alexandra Kenway
(650) 762-2985
PR@energous.com

Investor Relations Contact:
Pondel Wilkinson
Laurie Berman
(310) 279-5962
IR@energous.com

Source: Energous Corporation