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Based on its recent analysis of the North American wireless charging market, Frost & Sullivan recognizes Energous Corporation with the 2018 North American Company of the Year Award for WattUp®, its potentially market-changing wireless charging solution for mobile devices. Energous has made headway with regulatory approvals, notably obtaining industry-first FCC approval on its WattUp Mid Field technology late-last year under Part 18 guidelines, and expects to announce additional approvals on its latest technology iterations later this year.
"Energous’ technology is highly scalable and innovative enough to alter consumers' mobile connectivity experience," said Todd Day, program manager of Connected Devices. "While there are many wireless charging solutions in the market, they are primarily coil-based solutions that have been in existence for more than 10 years and come with limitations. In addition to being tethered to a surface, the size of the coils prevent its application from being integrated into smaller mobile devices, which manufacturers dislike because they cannot implement the same technology in all of their products. Energous is driving much-needed change industrywide with its WattUp wireless technology, which delivers at-contact and over-the-air wireless power to mobile devices."
Like Wi-Fi, the WattUp ecosystem is complete with WattUp-enabled receivers and transmitters that work together seamlessly and ensure interoperability between devices. Energous’ WattUp technology enables consumers to automatically charge devices as soon as they are within range of a WattUp transmitter, both at-contact and at-a-distance. WattUp transmitters provide directed radio frequency (RF) energy to devices, which then convert the signal to DC current to charge the identified device. Energous is a fabless semiconductor company that works with manufacturing partners to integrate WattUp into devices (receivers), such as smartphones, fitness bands and hearing aids, for example, and transmitters, which can include smart speakers, the bezel of a television, a computer monitor and more.
"Several businesses, like coffee shops and restaurants, have been hesitant to adopt a technology, as they are not convinced about the returns on investment, especially when customers still have the option to simply plug in their device," noted Day. "There is a lot of anticipation for this specific solution because it is highly scalable, ensures interoperability between devices, and frees consumers from having to ever think about charging their devices again."
Following Energous’ industry-first FCC certification for its WattUp Mid Field transmitter under Part 18 guidelines, 2018 is poised to be a banner year for the company as it continues to accelerate product development, obtain necessary approvals on its latest technology iterations and work with its customers to begin shipping WattUp-enabled products to consumers later this year.
Each year, Frost & Sullivan presents a Company of the Year award to an organization that demonstrates excellence in terms of growth strategy and implementation in its field. The award recognizes a high degree of innovation with products and technologies, and the resulting leadership in terms of customer value and market penetration.
Frost & Sullivan Best Practices awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research to identify best practices in the industry.
About Energous Corporation
Energous Corporation (energous.com) 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 -- thus resulting in a wire-free experience that saves users from having to remember to plug in their devices.
Safe Harbor Statement
This press release contains forward-looking statements that describe our future plans and expectations. These statements generally use terms such as “believe,” “expect,” “may,” “will,” “should,” “could,” “seek,” “intend,” “plan,” “estimate,” “anticipate” or similar terms. Examples of our forward-looking statements in this release include statements in quotations from management and statements about our partnership with Dialog and development of market demand, production and deployment of products. Our forward-looking statements speak only as of this date; they are based on current expectations and we undertake no duty to update them. Factors that could cause actual results to differ from what we expect include: unexpected delays in our ability to develop commercially feasible technology; uncertain timing of further regulatory approvals; timing of customer orders and success of customer products; our dependence on distribution partners; market acceptance of our technology; and intense industry competition. We urge you to consider those factors, and the other risks and uncertainties described in our most recent annual report on Form 10-K and subsequent quarterly reports on Form 10-Q, in evaluating our forward-looking statements.
About Frost & Sullivan
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Contact: Energous Public Relations
P: 408-963-0200 - E: PR[.]energous.com.
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