Energous and Veea Partner to Target Real-Time Asset Tracking of Mass IoT Deployments in Industrial, Logistics, and Retail Applications - Seite 2

“Veea is thrilled to partner with Energous to improve inventory controls and asset tracking use cases by utilizing the connectivity capabilities of Veea’s Edge Platform paired with Energous PowerBridges and Wiliot IoT Pixel tags. Improving inventory controls and speed to market for inventory fulfillment while reducing supply chain logistic complexity provides tremendous value for distribution centers, logistical providers and ultimately saves money for the end consumer,” says Mark Tubinis, Veea’s CCO. “With the explosive growth in manufacturing facilities and supply chain logistics, having successfully demonstrated the combined solution as part of AT&T Mexico’s Innovation Lab, Veea and Energous are positioned as leaders in Enterprise IoT solutions.”

This joint solution will include Energous PowerBridges along with Wiliot IoT Pixel tags - with Veea Edge platform solution aiming to provide system integrators, IoT solution developers, cloud and network service providers, and other ecosystem participants with better tools and building blocks that accelerate time to market, reduce risk and drive solid returns on investment.

About Energous Corporation

Energous Corporation (NASDAQ: WATT) has been pioneering wireless charging over distance technology since 2012. Today, as the global leader in wireless charging over distance, its networks are safely and seamlessly powering its customers’ RF-based systems in a variety of industries, including retail, industrial, healthcare and more. Its total network solution is designed to support a variety of applications, including inventory and asset tracking, smart manufacturing, electronic shelf labels, IoT sensors, digital supply chain management, inventory management, loss prevention, patient/people tracking and sustainability initiatives. The number of industries and applications it serves is rapidly growing as it works to support the next generation of the IoT ecosystem.

Forward-Looking Statements

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 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 the 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 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, and 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 subsequent quarterly reports on Form 10-Q, as well as in other documents that may be 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.