The joint offering aims to reduce power demands from growing
IoT ecosystem, improving efficiency, reducing costs, while
enhancing outcomes in various manufacturing and warehousing
environments
SAN JOSE, Calif., March 29, 2023 /PRNewswire/ -- Energous
Corporation (NASDAQ: WATT), a leading developer of intelligent
wireless power networks, and Thinaer, a leading industrial IoT SaaS
platform provider, today announced a partnership to bring
innovative wireless charging technology to the industrial IoT
market. Thinaer will incorporate Energous' wireless power transfer
technology as part of a joint offering to help organizations
improve efficiency, reduce costs, and enhance outcomes in a variety
of settings including industrial manufacturing and
warehousing.
Thinaer's platform enables customers to seamlessly generate a
digital twin of their operations and achieve measurable results.
The combined solution harnesses Thinaer's powerful platform and
Energous' innovative wireless charging hardware to provide energy
efficient solutions with low-cost passive BLE tags for asset
tracking and environmental monitoring. The solution can identify
process gaps, improvement opportunities and inefficiencies with
advanced analytics within the manufacturing and warehousing
environment.
"Industrial IoT is going through a major digital transformation
to maximize overall productivity and improve operational
efficiencies, and Thinaer is a pioneer in driving that force," said
Cesar Johnston, CEO of Energous.
"The partnership between Energous and Thinaer aims to solve this
growing challenge for industrial IoT and provides an additional
building block in the creation of the IoT ecosystem. Thinaer's
system integration capability enables Energous' wireless power
network technology to be successfully installed at customer
sites. We are excited for the future of this collaboration.
"
"Energous emerged as a leader in wireless power technologies for
the IoT industry. Its technology is reliable, easy to use and
robust for the industrial environment, making them an ideal
partner to collaborate with on developing a joint solution for our
customers," said Bryan Merckling,
CEO at Thinaer. "The expansion of IoT devices across our customers'
industries has increased the power demands and unique needs of IoT
deployments. We are now able to solve new and unique challenges for
our customers using our combined solutions. For example, classified
areas where the highest levels of security require that assets
tagged with beacons are not broadcasting a signal when within those
areas, can now leverage IoT beacons. We are enthusiastic about the
many digital transformation opportunities this partnership will
enable."
Energous PowerBridges are driving transformation across the
industrial IoT. These devices not only have the capability of
wirelessly charging multiple devices simultaneously from a distance
using RF-based wireless power, but they can also function as data
links for connected IoT devices. This enables them to communicate
valuable data and insights back to the cloud. Multiple PowerBridge
transmitters can be meshed together, creating a wireless power
network that covers unlimited distances for large-scale deployments
such as industrial warehouses, manufacturing plants, and logistics
hubs across a wide range of industries.
To learn more about Energous, please visit Energous.com or
follow the company's corporate pages on Twitter, Facebook and
LinkedIn.
To learn more about Thinaer, please visit
thinaer.io or follow the company's page on Linkedin.
About Energous Corporation
Energous Corporation
(NASDAQ: WATT) is the Wireless Power Network global leader. Its
award-winning WattUp® solution is the only technology that supports
both contact and distance charging through a fully compatible
ecosystem. Built atop fast, efficient, and highly scalable RF-based
charging technology, WattUp is positioned to offer improvements
over older, first-generation coil-based charging technologies in
power, efficiency, foreign device detection, freedom of movement
and overall cost for industrial and retail IoT, smart homes, smart
cities and medical devices. Energous develops silicon-based
wireless power transfer (WPT) technologies and customizable
reference designs, and provides worldwide regulatory assistance, a
reliable supply chain, quality assurance, and sales and technical
support to global customers. The company received the world's first
FCC Part 18 certification for at-a-distance wireless charging and
has been awarded over 200 patents for its WattUp wireless charging
technology to-date.
Safe Harbor Statement
This press release contains
"forward-looking statements" within the meaning of the Securities
Act of 1933, as amended, the Securities Exchange Act of 1934, as
amended, and the safe-harbor provisions of the Private Securities
Litigation Reform Act of 1995. All statements other than statements
of historical fact included in this press release are
forward-looking statements. Forward-looking statements may describe
our future plans and expectations and are based on the current
beliefs, expectations and assumptions of Energous. These statements
generally use terms such as "believe," "expect," "may," "will,"
"should," "could," "seek," "intend," "plan," "estimate,"
"anticipate" or other similar terms. Examples of our
forward-looking statements in this release include, but are not
limited to, our statements about the success of our collaborations
with our partners, statements about our technology and its expected
functionality, and statements with respect to future of the global
wireless charging industry and our technology. Factors that could
cause actual results to differ from current expectations include:
uncertain timing of any necessary regulatory approvals; timing of
customer product development and market success of customer
products; our dependence on distribution partners; and intense
industry competition. We urge you to consider those factors,
together with the other risks and uncertainties described in our
most recent annual report on Form 10-K as filed with the Securities
and Exchange Commission (SEC), any subsequently filed quarterly
reports on Form 10-Q, as well as any other documents that may have
been subsequently filed by Energous, from time to time, with the
SEC, in evaluating our forward-looking statements. In addition, any
forward-looking statements represent Energous' views only as of the
date of this release and should not be relied upon as representing
its views as of any subsequent date. Energous does not assume any
obligation to update any forward-looking statements unless required
by law.
About Thinaer
Thinaer is a leading provider of IoT and
indoor location services that enable organizations to optimize
operations, improve their bottom line, and unlock new value from
their assets. The company's solutions are used in a variety of
settings, including aerospace, manufacturing, warehousing and U.S.
Department of Defense environments. Thinaer's technology is praised
by customers for its ease of use, accuracy, and reliability. For
more information, visit thinaer.io.
Energous Public Relations:
SHIFT Communications
energous@shiftcomm.com
Energous Investor Relations:
Padilla IR
IR@energous.com
Thinaer Public Relations:
PR@thinaer.io
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