Pocons Signs JDA With Energous Corporation for Energous' WattUp(TM) Wire-Free Charging Technology
PLEASANTON, CA -- (Marketwired) -- 06/23/14 -- Energous Corporation ("Energous" or "the Company") (NASDAQ: WATT), 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, today announced it has signed a joint development agreement (JDA) with Pocons, a tier-one mobile phone parts and accessories supplier in Korea, to embed WattUp technology in Pocons' mobile phone charging solutions.
"Energous currently has the most versatile wire-free charging technology in development and will help Pocons deliver a generation of charging solutions that is above and beyond competing technologies," said Kyung Nam Lee, General Manager of Pocons. "Without a doubt, WattUp enabled wire-free charging will be a compelling sales driver for years to come."
"As industry buzz continues to grow about wire-free charging, Pocons offers Energous an ideal vehicle to demonstrate the freedom WattUp offers: freedom from mats, freedom from cords and freedom from constantly having to plug in a device to get power," said Stephen R. Rizzone, CEO of Energous Corporation. "Our agreement with Pocons offers even more validation that WattUp represents the future of wire-free charging."
For more than a decade, Pocons has been a named, tier one provider of mobile phone parts and accessories -- including charging solutions -- for tier one global mobile handset vendors in Korea and around the world. For more information, please visit http://www.pocons.co.kr/
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, while 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
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 and Exchange Act of 1934, as amended, that 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 recently filed registration statement on Form S-1. 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.
Source: Energous Corporation
Released June 23, 2014