SOURCE: Energous Corporation

Energous Corporation

July 10, 2014 08:00 ET

Energous Corporation Signs Joint Development Agreement With One of Asia's Fastest-Growing Providers of Mobile Devices and Accessories; Anymode Develops WattUp™-Enabled Mobile Accessories

PLEASANTON, CA--(Marketwired - Jul 10, 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 it has signed a joint development agreement (JDA) with Anymode, a leading manufacturer of mobile accessories and devices. WattUp technology will be embedded into Anymode's mobile accessories, bringing the wire-free charging experience to the broader market.

"WattUp delivers the first real breakthrough in a decade, delivering true wire-free charging to consumer electronic devices. At Anymode we found this technology to not only be exciting, but appealing to our customers," said Jay Yim, Chief Operating Officer of Anymode. "By embedding Energous' technology into Anymode's accessories, we are able to deliver highly differentiated products that will allow consumers to roam free with the confidence that their devices will be charged."

"As one of the fastest growing companies for mobile accessories, Anymode is one of Energous' strategic partners who will be delivering WattUp into the hands of consumers around the world," said Stephen R. Rizzone, CEO of Energous Corporation. "Through our collaboration with partners like Anymode, consumers are a step closer to experiencing the freedom of wire-free charging."

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 is changing the experience of charging from a proactive process to a passive process, where consumers no longer have to think about the next time they have to plug in their personal electronic devices. With WattUp, consumers are able enjoy true mobility while knowing that their devices are receiving a charge, wire-free.

About Anymode
Anymode is the leading manufacturer of IT mobile accessories and devices. The company was founded in 2007 and has its head office in Seoul, Korea with approximately 120 employees worldwide. In terms of units sold, it is one of the fastest growing providers of mobile devices and accessories in the world. Anymode is the official partner of the Samsung Mobile Application Partnership Program (SMAPP). The company manufactures accessories for the Samsung Galaxy product range, iPhone and iPad, and is represented in over 50 countries in Europe, Americas, CIS, Middle East Asia and the Asia-Pacific region, with offices in Europe, USA, and Japan. For more information, please visit http://anymode.info/.

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, while 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
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange and Exchange Act of 1934, as amended, that are intended to be covered by the "safe harbor" created by those sections. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as "believe," "expect," "may," "will," "should," "could," "seek," "intend," "plan," "estimate," "anticipate" or other comparable terms. All statements in this release that are not based on historical fact are "forward looking statements". While management has based any forward looking statements included in this release on its current expectations, the information on which such expectations were based may change. Forward-looking statements involve inherent risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements, as a result of various factors including those risks and uncertainties described in the Risk Factors and in Management's Discussion and Analysis of Financial Condition and Results of Operations sections of our recently filed registration statement on Form S-1. We urge you to consider those risks and uncertainties in evaluating our forward-looking statements. We caution readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Except as otherwise required by the federal securities laws, we disclaim any obligation or undertaking to publicly release any updates or revisions to any forward-looking statement contained herein (or elsewhere) to reflect any change in our expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

Contact Information