LAS VEGAS, NV --(Marketwired - January 07, 2016) - Energous Corporation ("Energous®" or "the Company") (
"2015 has been a year of rapid development for the Company and has exceeded our expectations in terms of the commercialization of the WattUp technology, especially in the areas of miniaturization and cost reduction," said Stephen R. Rizzone, CEO of Energous. "An outgrowth of our rapid progress is the opportunity to expand into high-volume, high-visibility verticals like wearables and IoT. Having announced at CES the introduction and availability of the smallest, lowest cost wire-free power solution available in the market today, we are very pleased to also announce formal engagements with our first two top tier IoT companies. They will be part of a group of strategic partners receiving our high power and low power reference design kits."
Terms of the agreement include customary confidentiality clauses to preserve the competitive advantage for these partners. The two companies are both multi-billion dollar CE organizations with broad product lines and worldwide scope. Selection of these two partners was made on the basis of their product launch cycles and their ability to potentially meet the Energous goal of shipping product to the consumer through a licensee in late 2016, early 2017.
WattUp is a revolutionary, award-winning wire-free charging solution that delivers intelligent, scalable power via the same radio bands as a Wi-Fi router at a distance of up to 15 feet. Not only does the WattUp ecosystem give consumers full mobility while charging in a home, office or retail environment, but the Company has an extensive partner portfolio and a real, working demo that is on display at CES International 2016. To learn more about Energous, please visit www.Energous.com .
About Energous Corporation
Energous Corporation (
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PR Contact: Edelman Gillian Roberts Direct: 818-395-2948 PR@energous.com
