Energous Corporation Adds Nick Alexopoulos and Franco De Flaviis to Its Board of Advisors

SAN JOSE, CA -- (Marketwired) -- 03/22/17 -- Energous Corporation (NASDAQ: WATT), the developer of WattUp®, a revolutionary wire-free charging technology that provides over-the-air power at a distance, today announced the addition of Nick Alexopoulos and Franco De Flaviis to its board of advisors. For more information, visit: http://ir.energous.com/board-of-advisors.

Dr. Nick Alexopoulos most recently served as vice president for Antennas, RF Technologies and University Relations at Broadcom Corporation. Prior to that, he served as the Dean of the Henry Samueli School of Engineering at the University of California at Irvine (UCI), a position he held from 1997 to 2008. Previously, he was a member of the faculty at the Henry Samueli School of Engineering and Applied Science at the University of California at Los Angeles (UCLA) from 1969 to 1996, where he served as Chair of the Electrical Engineering Department between the years 1987 and 1992. While at UCLA, he also served as Associate Dean for Faculty Affairs between 1986 and 1987. Dr. Alexopoulos was elected an IEEE Fellow for his contributions to the understanding of substrate-superstrate effects on printed circuit antennas and integrated microwave circuits. He was elected to the United States National Academy of Engineering for his contributions to microwave circuits, antennas, and structures for low observable technologies, and for contributions in engineering education. Dr. Alexopoulos is highly cited in Computer Science and has received two IEEE Best Journal Paper Awards.

Dr. Franco De Flaviis is a tenured professor at the Department of Electrical Engineering and Computer Science at the University of California at Irvine (UCI). Dr. De Flaviis has been consulting for companies in CMOS passive design, small form factor antennas, and phased array systems. He was a long-time consultant to Broadcom Corporation working on antenna design and CMOS passives and has also previously consulted for Motorola Inc., Atlantic Aerospace, and various small start-up, high tech companies. Dr. De Flaviis has authored and co-authored over 200 papers in refereed journals and conference proceedings, filed several international patents and authored one book and three book chapters. He is a member of the URSI Commission B and was elected to the grade of IEEE Fellow in 2014. His research interests include the development of microelectromechanical systems (MEMS) for RF applications fabricated on unconventional substrates such as printed circuit board and microwave laminates, with particular emphasis on reconfigurable antenna and front-end systems. He is also active in the research field of highly integrated packaging for RF and wireless applications and small size, low-cost antenna array for personal communication systems and vehicle. Dr. De Flaviis received his degree (Laurea "Summa Cum Laude") in electronics engineering from the University of Ancona in Italy in 1990. He was a visiting student in 1991 at the University of California at Los Angeles (UCLA) working on ultralow distortion resistive mixers. Dr. De Flaviis then received his M.S. and Ph.D. degree in electrical engineering from the Department of Electrical Engineering at UCLA in 1994 and 1997 respectively, followed by his post-doctoral fellowship on full-wave analysis of nonlinear dielectrics for microwave structures in 1998.

"Antennas and RF technology are core elements of our industry-leading WattUp wireless power technology. Adding Nick and Franco to our Advisory Board enables Energous to draw upon their considerable experience and expertise as we continue to enhance and advance our technology," said Stephen R. Rizzone, president and CEO of Energous. "Nick and Franco's high standing in the international engineering community will also serve as a beacon to draw additional top engineering talent to our world-class development organization. We are very fortunate to have the benefit of their guidance and support."

About Energous Corporation

Energous Corporation is the developer of WattUp® -- an award-winning, wire-free charging technology that will transform the way consumers and industries charge and power electronic devices at home, in the office, in the car and beyond. WattUp is a revolutionary radio frequency (RF) based charging solution that delivers intelligent, scalable power via radio bands, similar to a Wi-Fi router. WattUp differs from older wireless charging systems in that it delivers contained power, at a distance, to multiple devices -- thus resulting in a wire-free experience that saves users from having to remember to plug in their devices. For more information, please visit Energous.com.

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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." Examples of forward-looking statements include, among others, statements we make regarding expectations for future revenue, market developments, technological advances, anticipated results of our development efforts, and the timing for receipt of required regulatory approvals and product launches. 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. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: our ability to develop a commercially feasible technology; receipt of necessary regulatory approvals; our ability to find and maintain development partners and licensees, market acceptance of our technology, the amount and nature of competition in our industry; our ability to protect our intellectual property; and the other 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.

Public Relations Contact:
Mariel Santos
Senior Public Relations Manager
(408) 963-0278

Investor Relations Contact:
Pondel Wilkinson
Laurie Berman
(310) 279-5980

Source: Energous Corporation