FCC Approves Miniature WattUp Solution From Energous Corporation

SAN JOSE, CA--(Marketwired - May 25, 2016) - Energous Corporation ("Energous®" or "the Company") (NASDAQ: WATT), the developer of WattUp®, a revolutionary wire-free charging technology that provides over-the-air contained power at a distance, today announced FCC approval of the Miniature WattUp transmitter reference design. The approval enables the immediate adoption of the WattUp technology for verticals such as wearables, Internet of Things ("IoT") and other electronic devices.

"FCC approval of our Miniature WattUp transmitter design represents a significant milestone for Energous as the company continues to execute on the vision of building a WattUp enabled ecosystem," noted Stephen R. Rizzone, President and CEO of Energous. "This approval provides a clear path for Energous to capitalize on significant competitive advantages in terms of cost and footprint as they relate to the wearable and IoT markets. We remain on schedule for Miniature WattUp transmitter and receiver technology, along with their associated chipsets, to be fully integrated into consumer products late this year/early next year, followed by the release of our midsize and full-size transmitter designs, along with a broad spectrum of WattUp-enabled receivers slated for 2017 and 2018."

"Energous is one large step closer to fulfilling its vision of bringing wire-free charging to consumers," said Martin Cooper, Energous Board of Directors member and 'Father of the Handheld Mobile Phone.' "FCC approval is a significant achievement not only for Energous, but for the wireless RF-charging industry. It's a clear and undeniable testament to the company's leadership position in the wireless charging space."

The Miniature WattUp transmitter design, first demonstrated at CES earlier this year, is a low-cost, in-the-box, contact-based charging solution that replaces the cables and power adapters currently included with small electronics devices. The solution provides excellent flexibility and portability for smaller devices that require low power. It can be as small as a USB thumb drive and easily fits in a pocket, purse, backpack or briefcase. All WattUp-enabled products will support seamless transitioning from charging via Miniature WattUp transmitters, to future stationary in-room transmitters that will offer wire-free charging with mobility at a distance. The result will be a complete wireless charging eco-system.