SOURCE: Energous Corporation

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February 10, 2017 09:00 ET

Energous Receives Edison Award for WattUp Wireless Charging Technology

Energous to be Recognized at Edison Awards Gala on April 20 in New York

SAN JOSE, CA--(Marketwired - February 10, 2017) - Energous Corporation (NASDAQ: WATT), the developer of WattUp®, a revolutionary wire-free charging technology that provides over-the-air power at a distance, today announced that WattUp has been named a 2017 Award Finalist by the internationally renowned Edison Awards™. The distinguished awards, inspired by Thomas Edison's persistence and inventiveness, recognize innovation, creativity and ingenuity in the global economy. The ranking of award finalists will be announced April 20, 2017 at the Edison Awards Annual Gala, to be held in the historic Ballroom of the Capitale in New York City.

"It's exciting to see companies like Energous continuing Thomas Edison's legacy of challenging conventional thinking," said Frank Bonafilia, Edison Awards' executive director. "Each year the Edison Awards recognize game-changing products, and we believe WattUp from Energous is a stellar example of a technology that pushes the boundaries of innovation."

"We're honored to take home one of the coveted Edison Awards, which recognizes Energous' ongoing commitment to innovation and ingenuity," said Stephen R. Rizzone, president and CEO of Energous. "Our team of talented engineers has made significant strides in the past year, delivering impressive breakthroughs in bringing true, at-a-distance charging to the market and meeting a real consumer need. Building off our announcements and success earlier this year at CES, we're excited to see WattUp-enabled partner products come to bear in 2017."

WattUp is a revolutionary radio frequency (RF) based charging solution that delivers intelligent, scalable power via radio bands, similar to a Wi-Fi router. WattUp differs from older wireless charging systems in that it delivers power at a distance, to multiple devices -- thus resulting in a wire-free experience that saves users from having to remember to plug in their devices. It can transform the way consumers and industries charge and power electronic devices at home, in the office, in the car and beyond.

Edison Award nominees are judged by more than 3,000 senior business executives and academics from across the nation whose votes acknowledge the finalists' success in meeting the award's stringent criteria of quality. The voting panel includes members of the American Productivity and Quality Center (APQC), Chief Marketing Officer Council (CMO), and Design Management Institute (DMI), among others. Energous joins the ranks of previous Edison Award winners including:

  • 3M
  • NVIDIA
  • Logitech
  • GE
  • Lenovo
  • Tesla
  • SpaceX
  • Fitbit

About Energous Corporation

Energous Corporation is the developer of WattUp® -- an award-winning, wire-free charging technology that will transform the way consumers and industries charge and power electronic devices at home, in the office, in the car and beyond. WattUp is a revolutionary radio frequency (RF) based charging solution that delivers intelligent, scalable power via radio bands, similar to a Wi-Fi router. WattUp differs from older wireless charging systems in that it delivers contained power, at a distance, to multiple devices -- thus resulting in a wire-free experience that saves users from having to remember to plug in their devices. For more information, please visit Energous.com, or follow Energous on Twitter and Facebook.

About the Edison Awards

The Edison Awards is a program conducted by Edison Universe, a 501(c)(3) charitable organization dedicated to fostering future innovators. For more information about the Edison Awards, Edison Universe and a list of past winners, visit www.edisonawards.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 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." Examples of forward-looking statements include, among others, statements we make regarding expectations for future revenue, market developments, technological advances, anticipated results of our development efforts, and the timing for receipt of required regulatory approvals and product launches. 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. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: our ability to develop a commercially feasible technology; receipt of necessary regulatory approvals; our ability to find and maintain development partners and licensees, market acceptance of our technology, the amount and nature of competition in our industry; our ability to protect our intellectual property; and the other 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 most recent annual report on Form 10-K and any subsequent quarterly reports on Form 10-Q. 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

  • Public Relations Contact:
    Mariel Santos
    Senior Public Relations Manager
    (408) 963-0278
    PR@energous.com

    Investor Relations Contact:
    Pondel Wilkinson
    Laurie Berman
    (310) 279-5980
    IR@energous.com