U.S. Patent Office Rejects Challenge to Energous Patent

SAN JOSE, CA--(Marketwired - November 30, 2016) - 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 a significant win before the U.S. Patent Office's Patent Trial and Appeal Board (PTAB). Earlier this year, Ossia, Inc., filed two Post Grant Review petitions challenging all of the claims of Energous' U.S. Patent No. 9,124,125, which is one of several Energous patents relating to systems and methods for wireless power transmission. Today, the PTAB declined to institute review of 16 of 18 claims of the patent. The Board declined to review any of the claims based on prior art, and instead, instituted a review of only 2 out of 18 claims in the patent based on the way in which the two claims were written.

"Yesterday's decision from the PTAB confirms our steadfast confidence in the strength of our intellectual property and strategy surrounding our WattUp technology," said Stephen R. Rizzone, president and CEO of Energous. "As a licensing and semiconductor company, protecting and securing our patents is an important element of our goal of maintaining a dominant leadership position in the emerging market of wire-free power. We will continue to vigorously defend our intellectual property as we innovate and develop breakthrough wire-free charging technologies."

Energous said it continues to invest heavily in R&D and has one of the largest wire-free charging patent portfolios in the world, with over 250 patent applications filed to date.

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.