Approval to expand the global ecosystem of WattUp wireless power network

San Jose, California, November 17, 2021--(BUSINESS WIRE)--(BUSINESS WIRE)--Energous Corporation (NASDAQ: WATT), a leading developer of radio frequency charging for wireless power networks, announced today that its 1W WattUp PowerBridge has completed regulatory review and internationally recognized European Notified Body. The results of this review verify that the Energous 1W WattUp PowerBridge transmitter meets the technical requirements of European radio equipment. Before being approved in Europe, the FCC recently approved 1W WattUp PowerBridge and opened up new market opportunities for unlimited distance WattUp wireless power networks.

"Energous continues to provide the broadest industry-leading wireless power transmission technology on the market today," said Cesar Johnston, Energous's Acting CEO. "This latest regulatory approval proves Energous's leadership in the industry. We are pleased to work with our partners in Europe to develop new devices that support WattUp."

Energous recently received two major regulatory approvals-including FCC approval for its 1W WattUp PowerBridge transmitter for wireless power transmission at any distance, and European regulatory approval for WattUp PowerHub-which expands the reach of the ecosystem to include customers , OEM partners and standards organizations-because of its wireless charging technology. Energous's rapidly expanding ecosystem of wireless charging solutions can now take advantage of the WattUp platform, which provides a powerful wireless power network for a variety of devices, from asset tracking tags to electronic shelf tags to industrial IoT sensors.

TAGnology CEO Markus Schriebl said: "This approval of WattUp wireless charging at any distance in Europe enhances our ongoing partnership with Energous and our ability to provide European customers with OTA wireless power solutions." This is Energous's WattUp The wireless power network opens up more opportunities in Europe and allows us to jointly provide manufacturers in the region with more approved WattUp-enabled wireless power options for a wide range of applications. "

Sanjay Gupta, President of AirFuel Alliance, said: "This major regulatory approval of Energous's breakthrough technology brings many additional opportunities in Europe and around the world, including battery-free IoT devices and wearable devices." "AirFuel members continue to monitor The agencies work closely to open up compliant paths for wireless power transmission to benefit manufacturers, consumers and the environment."

Energous's WattUp technology can simultaneously charge multiple devices at a long distance, supporting various wireless charging scenarios from near-field to far-field, covering a wide range. WattUp is suitable for a wide range of applications, from small devices to industrial IoT sensors, to large electronic products and peripherals. WattUp is the only RF-based wireless charging solution that has received regulatory approvals in more than 100 countries, and has solutions for near-field and far-field charging.

For more information about Energous WattUp or to request a development kit, please visit energous.com.

Energous Corporation (NASDAQ: WATT) is a global leader in wireless power networks. Its award-winning WattUp® solution is the only technology that supports both contact and remote charging through a fully compatible ecosystem. WattUp is built on fast, efficient and highly scalable radio-frequency-based charging technology, and aims to provide power, efficiency, foreign body detection, freedom of movement and overall cost compared to the first-generation coil-based old charging technology for industrial and industrial fields Improvements. Retail IoT, smart home, smart city and medical equipment. Energous develops silicon-based wireless power transmission (WPT) technology and customizable reference designs, and provides global regulatory assistance, reliable supply chains, quality assurance, and sales and technical support to customers around the world. The company has obtained the world's first long-distance wireless charging FCC Part 18 certification. So far, its WattUp wireless charging technology has obtained more than 200 patents.

This press release contains "forward-looking statements" under the safe harbor provisions of the revised Securities Act of 1933, the Securities Exchange Act of 1934, and the Private Securities Litigation Reform Act of 1995. All statements in this press release other than statements of historical facts are forward-looking statements. Forward-looking statements may describe our future plans and expectations and are based on Energous's current beliefs, expectations and assumptions. These statements usually use terms such as "believes", "expects", "may", "will", "should", "can", "seek", "intend", "plan", "estimate", "expect", etc. Or similar terms. Examples of our forward-looking statements in this press release include, but are not limited to, our statements about Energous’s financial performance, the future of the global wireless charging industry, our technology or any government-approved statements that may be required to operate our business, and about its expectations A statement of functionality and company growth. Factors that may cause actual results to differ from our expectations include: the uncertainty of the necessary regulatory approval time; the timing of customer product development and the market success of customer products; our reliance on distribution partners; and fierce industry competition. We urge you to consider these factors, as well as our latest annual report on Form 10-K filed with the U.S. Securities and Exchange Commission (SEC), any subsequent quarterly reports on Form 10-Q, and in other documents that Energous may subsequently file with the SEC from time to time To evaluate our forward-looking statements. In addition, any forward-looking statements only represent the views of Energous as of the date of this press release and should not be construed as representing its views on any subsequent date. Unless required by law, Energous assumes no obligation to update any forward-looking statements.

View the source version on businesswire.com: https://www.businesswire.com/news/home/20211117005569/en/

Energous Investor Relations: Padilla IR IR@energous.com

Energous Public Relations: SHIFT Communication Darren Weiss PR@energous.com

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