SOURCE: Energous Corporation

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December 09, 2014 08:00 ET

Energous Corporation Signs JDA With Innovation First, Creators of HEXBUG®, to Develop Reference Designs Utilizing WattUp™ Wire-Free Charging Technology

SAN JOSE, CA--(Marketwired - December 09, 2014) - Energous Corporation ("Energous" or "the Company") (NASDAQ: WATT), the developer of WattUp™, a disruptive wire-free charging technology for electronic devices that provides power at a distance with complete mobility under full software control, today announced a joint development agreement (JDA) with Innovation First International, creators of the wildly popular and internationally recognized HEXBUG® brand, to develop designs utilizing WattUp technology in a range of Innovation First products.

"Imagine a world where you never had to change another battery in a toy, or recharge it; isn't that an exciting possibility?" commented Tony Norman, Co-Founder, President and CEO of Innovation First. "We are intrigued by that potential, which is why we are partnering up with the Energous team to explore the possibilities with WattUp technology that result from our joint collaboration."

"Energous is pleased to enter this JDA with Innovation First because it validates the sheer number of use cases for WattUp," said Stephen R. Rizzone, CEO of Energous Corporation. "The popularity of HEXBUG will showcase WattUp's value to the mass market and serve as a proof point for the inherent value of a mature WattUp ecosystem."

WattUp is a revolutionary, patent-and trademark-pending solution that delivers intelligent, scalable power via the same radio bands as a Wi-Fi router. WattUp differs from current wireless charging systems in that it delivers meaningful, useable power, at a distance, allowing users to roam while charging. The result is a true wire-free experience that saves users from having to remember to plug in their devices or place them on a mat. 

About HEXBUG and Innovation First:
HEXBUG is a brand and product line developed, distributed, and marketed by Innovation First Labs, Inc., a wholly owned subsidiary of Innovation First International. Innovation First is a high-tech robotics and engineering company at the bleeding edge of consumer technology. HEXBUG was designed as a way to give children a positive experience with robotics at a young age. People are drawn to the HEXBUG brand for the products' fascinating behavior, intelligent bug-like attributes and eye-catching packaging.

About Energous Corporation
Energous Corporation is developing WattUp™, a wire-free charging technology that will transform the way people charge and power their electronic devices at home, in the office, in the car and beyond. WattUp is a revolutionary, patent- and trademark-pending solution that delivers intelligent, scalable power via the same radio bands as a Wi-Fi router. WattUp differs from current wireless charging systems in that it delivers meaningful, useable power, at a distance, allowing users to roam while charging. The result is a wire-free experience that saves users from having to remember to plug in their devices or place them on a mat. Energous will initially license WattUp to the wearable and mobile-accessory markets and will expand to other markets such as Wi-Fi routers and smartphones over time. For more information, please visit www.energous.com.

Safe Harbor Statement
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