Energous Receives Five Awards at 2015 Consumer Electronics Show
Winner of 2 "Best of CES 2015" Awards Plus Honoree in 3 Categories
SAN JOSE, CA -- (Marketwired) -- 01/12/15 -- 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, was the surprise of the show, receiving five awards at the 2015 Consumer Electronics Show in Las Vegas, Nevada.
At an awards ceremony on January 8, 2015, Energous won two "Best of CES 2015" awards from Engadget - Best Innovation (Disruptive Tech) and Best (Connected) Home Product. The CES Engadget awards also complement the receipt of the previously announced 2015 CES Innovation Awards Honoree in the Smart Home, Portable Power and Embedded Technologies categories for WattUp™.
During CES 2015, Energous showcased its disruptive wire-free technology for electronic devices and the following provides a recap of the event:
- Met with over 100 existing or new potential joint development partners.
- Approximately 300 invitees viewed a demonstration of various electronic devices employing the WattUp technology, which was integrated seamlessly into a common residential setting, which provided the ability to charge a multitude of devices free of any wired connection or charging pad.
- Demonstrated an end-to-end wire-free power solution in a typical home environment which included integrated ASICs coupled with full mobile app and cloud-based software management.
"The 2015 CES was a tremendous event for Energous as we successfully met our long-standing objective of demonstrating WattUp wire-free charging in prototypical consumer products which were jointly developed with our strategic partners," said Stephen R. Rizzone, CEO of Energous Corporation. "Our development progress in the last year has far outpaced other wireless power companies with much more development experience and our timing has been exceptional. Throughout the week, we met with nearly all of our current JDA partners and won several prestigious awards, competing against some of the biggest and best consumer products companies in the world.
"Our leadership position in the new uncoupled wireless power market segment was further solidified by the overwhelmingly strong response we received from approximately 150 private demonstration sessions, with over 100 current and potential strategic partners and their customers. We believe these relationships provide momentum and a robust pipeline for future JDA partners as we move through 2015 and beyond."
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
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.
Edelman for Energous
Investor Relations Contact:
MZ North America
Source: Energous Corporation
Released January 12, 2015