Energous Corp (NASDAQ: WATT)

Energous Corporation, known by its ticker symbol WATT, operates in the semiconductor industry with a focus on the development of wireless power network technology (WPNT). This technology facilitates radio frequency (RF) based charging for Internet of Things (IoT) devices, setting it apart from traditional charging methods.

Energous' business model revolves around the sale of its wireless power transmitters and receivers. These products are specifically designed to charge IoT devices without the need for physical connectors. The company's offerings include PowerBridges, which provide low-power charging for multiple devices, and receivers that are designed to receive power from the PowerBridges. Additionally, Energous provides evaluation kits and software applications, such as WattUp, to enable potential customers to test the technology in their own labs.

The company's technology is a broad-spectrum solution that delivers power and data in a seamless device portfolio, leveraging RF energy to transmit power to devices. This approach offers several advantages over traditional charging methods, including the ability to charge devices at a distance, low power consumption, and the capacity to charge multiple devices simultaneously.

Energous operates in the expanding IoT market, an industry projected to reach 29.4 billion units globally by 2030, according to Statista. The company's technology is poised to facilitate the deployment of the growing universe of IoT applications.

The company's competitive edge lies in its first-to-market advantage and robust intellectual property portfolio. Energous has implemented a comprehensive strategy to protect its intellectual property, encompassing the filing of patent applications and the pursuit of patent protection for its most valuable inventions.

Energous has forged partnerships with leading technology providers, systems integrators, and value-added resellers (VARs) to broaden its market reach and influence. The company has also demonstrated its technology at various industry events, including the Consumer Electronics Show (CES) and the International Consumer Electronics Show (CES).

The company's customer base spans various industries, such as retail, industrial, healthcare, and logistics. Energous has also collaborated with several companies, including Catapult, Sensirion, and ams Osram AG, to develop and commercialize its technology.

In comparison to other wireless charging technologies, such as inductive coil charging, magnetic resonance charging, and energy harvesting, Energous believes its technology holds several advantages. These include the ability to charge devices at a distance, low power consumption, and the capacity to charge multiple devices simultaneously.