PLEASANTON, CA — (Marketwired) — 09/16/14 — 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, today announced a joint development agreement (JDA) with a multi-billion dollar Tier 1, global semiconductor company to develop WattUp-enabled power management solutions. The partner has requested anonymity for competitive reasons.
Energous and the semiconductor company will collaborate on reference designs to showcase the integration that can be achieved by delivering products specifically designed to support the wearable market. The Companies expect to demonstrate product evaluation boards highlighting these combinations at CES 2015.
“WattUp will handily transform the power management industry from its complete dependence on tethered charging to full independence from cords and mats,” said Stephen R. Rizzone, CEO of Energous Corporation. “This new collaboration provides further validation that major semiconductor companies see advantages of truly wire-free power over the existing inductive solutions. This is the second semiconductor company to sign a JDA with Energous within the past month and we believe that rapid adoption by multiple semiconductor companies further validates the opportunity and accelerates our goal of a ubiquitous solution.”
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, 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
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Source: Energous Corporation
Released September 16, 2014