SAN JOSE, CA--(Marketwired - December 18, 2015) - Energous Corporation ("Energous®" or "the Company") (
On December 17, 2015, nine new non-executive employees were issued restricted stock unit awards covering a total of 407,020 shares of common stock. 300,098 of these restricted stock unit awards vest in four equal annual installments beginning on the first anniversary of the date of hire of each of the new employees. The balance will vest based upon the satisfaction of certain performance-based vesting conditions. The awards were approved by the independent compensation committee of the Company's board of directors and were granted as an inducement material to the new employees entering into employment with the Company in accordance with Nasdaq Marketplace Rule 5635(c)(4). The Company is making this announcement as required by Nasdaq rules.
About Energous Corporation
Energous Corporation (
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.
Contact: Media Relations: Edelman for Energous Gillian Roberts Phone: 650-762-2860 Email: PR@energous.com Investor Relations: PondelWilkinson Laurie Berman / Evan Pondel Phone: 310-279-5980 Email: IR@energous.com
