WiGL’s second phase of a multiyear contract
with the U.S. Department of Defense will utilize Energous
PowerBridge products to bring touchless wireless power transfer
(tWPT) over distance to production
WiGL (StartEngine: WiGL), a developer of touchless wireless
charging for IoT devices for wireless power networks, and Energous
Corporation (NASDAQ: WATT), a leading developer of RF-based
intelligent wireless power networks, today announced the next phase
of their partnership to develop and commercialize IoT products that
will be wirelessly powered over distance (tWPT Project).
Today’s announcement marks the second phase of the WiGL project,
funded early last year by the Air Force Research Lab at the U.S.
Department of Defense (DoD), to develop and design tWPT products
for military and commercial use. The recently completed first phase
of the project involved a proof-of-concept (POC) demonstration by
Energous and WiGL of a tWPT network including multiple Energous
PowerBridges sending power over-the-air to recharge power banks and
IoT lighting devices. In the second phase of the project, Energous’
PowerBridges will continue to provide radio frequency-based (RF)
wireless power over distance for WiGL’s tWPT networks.
"Our partnership with WiGL is an additional example of how
Energous’ products are enabling wireless power deployment and
commercialization,” said Cesar Johnston, President and CEO of
Energous. “Energous has been focusing on increasing the number of
IoT wireless power network POC’s with an end goal to bring those to
production. We are happy to see our technology empowering the
creation of highly flexible IoT device designs, while
simultaneously addressing the skyrocketing IT costs and
environmental hazards associated with disposable batteries and
charging cables. This collaboration is a significant milestone in
this journey, and we are incredibly excited to embark on this next
phase alongside WiGL."
Enabling IoT devices to receive wireless power over distance
helps eliminate their dependence on charging cables, open ports or
battery doors, greatly reducing potential complications to their
physical integrity while ensuring they are consistently and
reliably charged at all times. RF-based wireless power networks, an
ecosystem of technologies including transmitters and receivers that
enable wireless power transmission across any distance for a wide
range of applications, also lead to reduced downtime and lower
maintenance costs while increasing range of coverage and overall
efficiency.
"We are thrilled to announce the successful completion of 8 out
of 8 contracted tasks for the esteemed DoD, which has paved the way
for our latest accomplishment of a follow-on multi-year contract.
This new contract entails the design and delivery of cutting-edge
over-the-air touchless Wireless Power Transfer (tWPT) capabilities
to the DoD," stated Dr. Ahmad Glover, Founder of WiGL. "By
combining Energous' extensive decade-long expertise in the field
and regulatory know-how with WiGL's advanced networking solutions,
we are poised to bring the first generation of lighting products to
life; with follow-on second and third generations of tWPT products
to follow. This follow-on contract from the DoD allows us to
continue finalizing our inaugural product line expanding into new
products and IoT applications for the future. For instance, WiGL is
looking forward to launching a consumer tWPT LED lighting system
this year."
Energous PowerBridges are designed to drive transformation
across the entire IoT ecosystem. These devices are designed not
only to have the capability of wirelessly charging multiple devices
simultaneously from a distance using RF-based wireless power, but
also to function as data links for connected devices, enabling them
to communicate valuable data and insights back to the cloud.
To learn more about Energous, please visit Energous.com or
follow the company’s corporate pages on Twitter, Facebook and
LinkedIn.
To learn more about WiGL, please visit www.startengine.com/WiGL
or follow the company on Instagram, Facebook, Twitter and
LinkedIn.
About Energous Corporation Energous Corporation (NASDAQ:
WATT) has been pioneering wireless charging over distance
technology since 2012. Today, as the global leader in wireless
charging over distance, its networks are safely and seamlessly
powering its customers’ RF-based systems in a variety of
industries, including retail, industrial, healthcare and more. Its
total network solution is designed to support a variety of
applications, including inventory and asset tracking, smart
manufacturing, electronic shelf labels, IoT sensors, digital supply
chain management, inventory management, loss prevention,
patient/people tracking and sustainability initiatives. The number
of industries and applications it serves is rapidly growing as it
works to support the next generation of the IoT ecosystem.
Energous Safe Harbor Statement This press release
contains “forward-looking statements” within the meaning of the
Securities Act of 1933, as amended, the Securities Exchange Act of
1934, as amended, and the safe-harbor provisions of the Private
Securities Litigation Reform Act of 1995. All statements other than
statements of historical fact included in this press release are
forward-looking statements. Forward-looking statements may describe
our future plans and expectations and are based on the current
beliefs, expectations and assumptions of Energous. These statements
generally use terms such as “believe,” “expect,” “may,” “will,”
“should,” “could,” “seek,” “intend,” “plan,” “estimate,”
“anticipate” or other similar terms. Examples of our
forward-looking statements in this release include, but are not
limited to, our statements about the success of our collaborations
with our partners, the future of the global wireless charging
industry and our technology and its expected functionality. Factors
that could cause actual results to differ from current expectations
include: uncertain timing of any necessary regulatory approvals;
timing of customer product development and market success of
customer products; our dependence on distribution partners; and
intense industry competition. We urge you to consider those
factors, together with the other risks and uncertainties described
in our most recent annual report on Form 10-K as filed with the
Securities and Exchange Commission (SEC), any subsequently filed
quarterly reports on Form 10-Q, as well as any other documents that
may have been subsequently filed by Energous, from time to time,
with the SEC, in evaluating our forward-looking statements. In
addition, any forward-looking statements represent Energous’ views
only as of the date of this release and should not be relied upon
as representing its views as of any subsequent date. Energous does
not assume any obligation to update any forward-looking statements
unless required by law.
About WiGL By partnering with pioneers in the wireless
power industry, WiGL has emerged as the umbrella technology
creating the future for smart, touchless, wireless power networks.
WiGL, Wireless-electric Grid Local Air Networks (pronounced
“wiggle”), is transitioning new technologies developed for the
Department of Defense to commercial markets. WiGL is on a mission
to use over-the-air targeted wireless power networks to help
recharge the Internet of Things (“IoT”). WiFi gets you wireless
internet, WiGL gets you wireless power networks.
This Reg. A+ offering (bit.ly/3vTfufH) is
made available through StartEngine Primary, LLC, member FINRA/SIPC.
Please read the Risk Factors (bit.ly/367hpCM) disclosure before
investing. This investment is speculative, illiquid, and involves a
high degree of risk, including the possible loss of your entire
investment. In addition, as described in the Offering Circular, the
Company retains the right to continue the offering beyond the
Termination Date, in its sole discretion.
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version on businesswire.com: https://www.businesswire.com/news/home/20230808868882/en/
Energous Public Relations: SHIFT Communications
energous@shiftcomm.com Energous Investor Relations: Padilla
IR IR@energous.com WiGL: Marie Wise info@wiglinc.com
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