Boston, MA 09/23/2014 (wallstreetpr) – Energous Corp (NASDAQ:WATT) collaborated with a global semiconductor company to design and develop products to support the wearable market. The integration will showcase the Company’s WattUp-enabled (wire-free charging technology) power management solutions.
WattUp technology
Energous Corp (NASDAQ:WATT)’ patented technology WattUp differs from the typical wireless charging systems and delivers power through wire-free energy routers such as Wi-Fi router for mobile devices. Unlike inductive pad technologies, WattUp allows users to charge their cell phones, tablets, cameras, games and other chargeable devices while away from the devices. It usually happens with the help of electromagnetic radiation.
Innovation
Semiconductor is one industry that frequently changes with the advent of new technology. So, the companies need to adopt the rapid change in technology and develop novel solutions to create the opportunity and grow along with the industry.
Energous Corp (NASDAQ:WATT) designed the WattUp technology to offer the new wire-free charging solution to its customers. The Company initially licenses to target mobile accessory and wearable device market. Now, the increasing use of smartphone and tablets diversify the Company’s focus towards smartphones and Wi-Fi routers to expand its wire-less technology solutions.
Energous’ CEO Stephen R. Rizzone said that the solution will transform the power management industry while offering the next generation solution without cords and mats and minimize the dependence on tethered charging.
He also said that the association will further support while considering the advantage of the existing wire-less power inductive solutions and develop prototypes based on the wire-free charging technologies. The Company already signed more than half a dozen joint agreements since 1H2013 to enhance its products and solutions. The companies will highlight the advantage of the latest collaboration in CES 2015.
Conclusion
Energous Corp (NASDAQ:WATT) believes that the collaboration will enhance the operational capability and increase the adoption of the changing technology to facilitate growth in wearable and mobile devices market.
