Thursday, May 14, 2015

Energous Corp. (WATT) Delivering True Mobility with Wireless Power Solution

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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