Energous Corporation Signs JDA with SK Telesys to Develop Product Reference Designs with WattUp(TM) Wire-free Charging Technology
SAN JOSE, CA / ACCESSWIRE / November 3, 2014 / Energous Corporation ("Energous" or "the Company") (WATT), the developer of WattUp(TM), a disruptive wire-free charging technology for electronic devices that provides power at a distance with complete mobility under full software control, today announced a joint development agreement (JDA) with SK Telesys, a communications equipment provider specializing in repeaters, customer premises equipment (including Giga-WiFi and AP), transmission equipment, LTE, smart phone R&D, high-efficiency machinery and other communications infrastructure. Energous and SK Telesys will develop reference designs for embedded WattUp wire-free charging capabilities in SK Telesys products for the Asian and global markets.
"Wire-free charging is an essential capability for our future products and critical to our ability to remain competitive, said "Kang, Myung Hoon, R&D Head of SK Telesys. "WattUp's differentiation from other so-called wireless charging technologies – namely those requiring mats – makes it a truly groundbreaking feature that we are excited to integrate across our portfolio."
"SK Telesys is a pivotal partner for Energous based on the depth and breadth of SK Telesys' business in Asian and global markets," said Stephen R. Rizzone, CEO of Energous Corporation. "We are excited to witness the scale of next-generation wire-free charging products this partnership will enable."
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.
About SK Telesys Co. Ltd.:
SK Telesys is Korea's top telecommunication equipment company, supplying 4G LTE-based repeaters, transmission equipment, Wireless Broadband (WiBro), Wireless Fidelity (WiFi), Femtocell and smart phones. The company began constructing basic communications infrastructures in 1997, and established an R&D center in the Pangyo Techno Valley in 2010 to develop such new technologies as the 5G telecommunications network. It developed Giga-WiFi and commercialized the Home Femtocell. SK Telesys is also evolving into a one-stop solution provider by successfully operating industrial equipment and facilities for semiconductor plants and solar power generation, in addition to electric communication facilities such as Internet data centers (IDCs) and base stations. In addition, the company is expanding into the global market with its communication network manufacturing and engineering technologies. It launched 4" and 5" smartphones with competitive pricing in the overseas market by combining its original design with the production technologies of China. It is also participating in the Home Femtocell development project launched by a European telecommunications company. Also in pursuit is cooperative development in the Fiber to The Home (FTTH) business in Indonesia. As Korea's leading communications equipment manufacturer, SK Telesys is dedicated to building a stable business portfolio and maximizing its enterprise value, while winning recognition for its quality technologies in the new business areas. It will also fulfill its role as "The Most Reliable Network Partner," providing the most reliable services in the market. For more information, please visit www.sktelesys.co.kr.
About Energous Corporation:
Energous Corporation is developing WattUp(TM), 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 November 3, 2014