Energous Partners to Bring Wire-Free Charging to Hearing Devices and Wearables Market
SAN JOSE, CA -- (Marketwired) -- 04/25/16 -- 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 contained power at a distance, today announced a partnership agreement with a market-leading specialty battery company in the hearing devices and wearables market. The company has signed a joint development and licensing agreement with Energous and anticipates shipping WattUp receiver technology as well as a Miniature WattUp transmitter.
"We are pleased to announce this Joint Development and Licensing Agreement as it represents our first foray into the rechargeable battery market which we believe holds great potential for Energous," noted Stephen R. Rizzone, President, and CEO of Energous. "This relationship, with one of the most innovative companies in the medical devices field, was enabled by our very successful miniaturization efforts and our low price point. Our Customer Engineering Team is actively engaged in the integration process with this important strategic partner with the intent of bringing WattUp-enabled products to the consumer at the end of this year/early next year."
This partnership is the first step to enabling a wire-free ecosystem for medical and wearable devices. The WattUp-enabled receiver device, along with the Miniature WattUp transmitter, is slated to ship towards the end of 2016 or early 2017. In order to preserve competitive advantages, the partner has requested confidentiality. The Miniature WattUp transmitter is an in-the-box charging solution that provides excellent flexibility and portability. All WattUp-enabled products will support seamless transitioning from charging via small, portable WattUp transmitters, to stationary in-room transmitters that offer wire-free charging with mobility at a distance. The result is a complete wireless charging ecosystem.
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, 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 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 or place them on a mat. For more information, please visit Energous.com, or follow Energous on Twitter and Facebook.
Safe Harbor Statement
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Public Relations Contact:
Edelman
Alexandra Kenway
(650) 762-2985
PR@energous.com
Investor Relations Contact:
PondelWilkinson
Laurie Berman/Evan Pondel
(310) 279-5980
IR@energous.com
Source: Energous Corporation
Released April 25, 2016