Modern electronic devices are
often sold on the principle of mobility, and that principle is a gripping
prospect for an expanding number of consumers. As evidence, consider that, as
of October 2014, an estimated 64 percent of American adults owned a smartphone,
according to Pew Research Center. Despite the promise of mobility, however,
personal electronic devices continue to be limited by a common factor: power.
According to Geek.com, a typical smartphone provides users with approximately
five hours of talk time, but these figures are greatly diminished with other
activity, including gaming or surfing the web. So, how can electronic devices
ditch the wires and deliver on the promise of true mobility? Energous Corp.
(NASDAQ: WATT), through its WattUp™ transmitter, is providing the solution.
With its proprietary product
ecosystem, Energous allows users to charge any battery-operated device that
requires less than 10 watts (cell phones, tablets, wearables, cameras, etc.)
through a radio frequency (RF) signal. Similar to a Wi-Fi system, WattUp™
delivers safe wire-free energy to devices up to 15 feet away from the
transmitting device. With compatibility for up to 12 devices simultaneously
managed by a single system, it provides a safe and efficient solution to the
classic power conundrum.
In addition to its revolutionary
hardware, the WattUp™ system utilizes a customizable mobile app interface to
allow for device prioritization based on users’ charging needs. Using the
software, a consumer could set household devices to charge while he or she was
away, while placing the focus on cell phones and tablets after work. This
functionality could make thoughts of charging devices a thing of the past.
In addition to personal
offerings, Energous is currently seeking target destinations for ubiquitous
wire-free power outside of the home. High traffic commercial locations,
including coffee shops, restaurants, metro stops, malls and airports, are all
currently on the company’s radar of potentially suitable areas for initial efforts.
Through the engagement of key infrastructure providers and operators, the
company has access to historically relevant data from the delivery of similar
services (e.g. paid Wi-Fi zones) to the market, giving Energous a significant
advantage in analyzing market potential.
The demand for increased
mobility is on the rise, as can be seen by the 350 percent increase in global
public Wi-Fi hotspots over the past four years, according to the Wireless
Broadband Alliance. Wireless power currently stands as the last significant
restriction on full mobility, ensuring that the wire-free charging industry
will maintain significant demand moving forward. With plans in place for both
public and private applications of the WattUp™ product line, Energous looks to
be set for tremendous growth opportunities in the years to come.
For more information, visit
www.energous.com
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MissionIR is committed to connecting the investment community with companies that have great potential and a strong dedication to building shareholder value. We know our reputation is based on the integrity of our clients and go to great lengths to ensure the companies represented adhere to sound business practices.
Sign up for “The Mission Report” at www.MissionIR.com
Please see disclaimer on the MissionIR website http://www.missionir.com/disclaimer.html
