Pocons Signs JDA With Energous Corporation for Energous'

PLEASANTON, CA--(Marketwired - Jun 23, 2014) - 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 it has signed a joint development agreement (JDA) with Pocons, a tier-one mobile phone parts and accessories supplier in Korea, to embed WattUp technology in Pocons' mobile phone charging solutions.

"Energous currently has the most versatile wire-free charging technology in development and will help Pocons deliver a generation of charging solutions that is above and beyond competing technologies," said Kyung Nam Lee, General Manager of Pocons. "Without a doubt, WattUp enabled wire-free charging will be a compelling sales driver for years to come."

"As industry buzz continues to grow about wire-free charging, Pocons offers Energous an ideal vehicle to demonstrate the freedom WattUp offers: freedom from mats, freedom from cords and freedom from constantly having to plug in a device to get power," said Stephen R. Rizzone, CEO of Energous Corporation. "Our agreement with Pocons offers even more validation that WattUp represents the future of wire-free charging."

About Pocons
For more than a decade, Pocons has been a named, tier one provider of mobile phone parts and accessories -- including charging solutions -- for tier one global mobile handset vendors in Korea and around the world. For more information, please visit http://www.pocons.co.kr/

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.

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