DGAP-News

Dialog Semiconductor Plc.: Dialog Semiconductor Enhances Wireless Charging Partnership with Additional $15 Million Investment in Energous Corporation

DGAP-News: Dialog Semiconductor Plc. / Key word(s): Market launch/Product Launch Dialog Semiconductor Plc.: Dialog Semiconductor Enhances Wireless Charging Partnership with Additional $15 Million Investment in Energous Corporation (news with additional features) 29.06.2017 / 01:00 The issuer is solely responsible for the content of this announcement. Strategic investment to accelerate market adoption of Energous' disruptive RF-based WattUp(R) wireless charging technology London, United Kingdom - June 29, 2017 - Dialog Semiconductor plc (XETRA:DLG), a provider of highly integrated power management, AC/DC power conversion, charging, and Bluetooth(R) low energy technology, today announces a further strategic investment in Energous Corporation (NASDAQ: WATT), the developer of WattUp(R), a revolutionary wire-free charging technology that provides over-the-air power and charging of electronic devices at a distance. Dialog has entered into an agreement to make an additional $15 million strategic investment in Energous.

Dialog began its partnership with Energous in November 2016 with the announcement of a $10 million investment and entry into an exclusive component supplier agreement for Energous' WattUp ICs. Since then, the two companies have launched DA4100, the world's first WattUp wireless power transmitter System-on-Chip (SoC). This SoC has been integrated along with Dialog's SmartBond(TM) Bluetooth low energy (BLE) DA14681 chip to form the heart of the FCC-approved WattUp near field transmitter system. On the receiver side, Dialog completed the qualification of two RF-to-DC receiver ICs developed by Energous, DA2200 and DA2210, which, along with Dialog's DA14585 BLE chip, make it quick and easy to add WattUp wireless charging to a wide range of devices, including smartphones, wearables and hearables.

"Dialog believes that there is a large demand for completely untethered wireless charging, as more consumer electronics manufacturers seek to add new capabilities to their devices to differentiate themselves," said Mark Tyndall, Senior Vice President Corporate Development & Strategy, Dialog. "Our joint focus is now on supporting our customers around the world to bring their WattUp-enabled products to the mass market, while pushing the boundaries of wireless charging's possibilities."