Jeff McNeil Joins Energous Corporation as Vice President of Operations

Leader in Over-the-Air Wireless Charging Hires Cypress Semiconductor's Jeff McNeil as Vice President of Operations

SAN JOSE, CA -- (Marketwired) -- 12/28/15 -- Energous Corporation ("Energous®" or "the Company") (NASDAQ: WATT), the developer of WattUp™, a revolutionary wire-free charging technology for mobile and IoT devices that provides "over-the-air" power at a distance, today announced the appointment of Jeff McNeil as Vice President of Operations. McNeil will oversee day-to-day global operations as Energous prepares to migrate from technology development and customer acquisition to fulfillment.

"Jeff comes to us with a significant and impressive background in the semiconductor industry -- having spent over two decades with one of the preeminent companies in the Silicon Valley," said Stephen R. Rizzone, CEO of Energous. "Jeff will lead Energous' efforts to deliver world-class solutions to our licensing partners while ensuring superior quality and complete customer satisfaction."

Prior to joining Energous, McNeil held a successful 21 year tenure at Cypress Semiconductor where he most recently served as Senior Vice President, Worldwide Operations. In his recent global operations role, he was responsible for worldwide operations for subcon manufacturing, FA, planning and logistics. Significant achievements at Cypress Semiconductor include reducing lead-times by 40 percent, improving on time delivery to > 99.5% and reducing inventory by > 30% while delivering exceptional quality product. Earlier in his career, McNeil held extensive operations and engineering leadership positions at companies including Heraeus, Digital Equipment Corporation, Seagate and Memorex.

"Energous will transform how consumers power their devices with its truly revolutionary wire-free charging technology," said Jeff McNeil, vice president of operations at Energous. "I'm genuinely excited to be evolving an entire industry by helping our customers enable new markets, creating new revenue streams that will impact their bottom line."

About Energous Corporation

Energous Corporation (NASDAQ: WATT) 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, patent-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 will deliver meaningful, usable 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 or place them on a mat. 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 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 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.

PR Contact:
Edelman
Gillian Roberts
Direct: 650-762-2860
PR@energous.com 

Source: Energous Corporation

Released December 28, 2015