WATT stock is moving higher on January 2, 2020, after the company announced a new partnership agreement with SK Telesys.
Energous Corporation (Nasdaq: WATT), the developer of WattUp®, a revolutionary wireless charging 2.0 technology, today announced that its partners PiBEX, an R&D subsidiary of POSCO Worldwide, and SK Telesys are developing an ultra-wideband (UWB) tracking tag for POSCO, a Korean-based global steel manufacturer, which will include integration with the WattUp RF wireless charging technology. The POSCO UWB tracking tag enables location-tracking for security and employee safety purposes within industrial factories.
“PiBEX and POSCO’s interest in our WattUp technology for its UWB tracking tag represents a step forward for the company into the industrial market. Our WattUp wireless charging technology is especially applicable for industrial applications because of its scalability, small footprint and our ability to charge both at contact as well as at-a-distance,” said Stephen R. Rizzone, president and CEO of Energous Corporation. “We are proud to have a worldwide leader in the steel-making industry integrating our technology to ease the charging of devices they rely on 24/7 and bring greater efficiency and safety to the industrial workplace.”
PiBEX R&D Enterprise was established in 2013 with the aim of enhancing the commercial completion of R&D results and creating market profitability based on the ownership of POSCO researchers. POSCO, PIBEX’s parent company, is known for having the first integrated steel mill in Korea and today produces 42 million tons of crude steel a year. The company has grown to become a global business with production and sales in 53 countries around the world.
“At POSCO, we are committed to corporate citizenship and continuously bringing world-class innovation and technology to the steel-making industry. Through our partnerships, we have been able to significantly grow our business and become the most competitive solution provider for steel-making in the world,” said Myung-sik Chun, CEO at PiBEX. “We are working with SK Telesys and Energous to design and build a UWB tracker device which not only stands up to the elements through a waterproof design, but also brings charging convenience, and most importantly helps manage risk within our factories. Not only does WattUp ease charging and fit our device’s unique design, but we are also excited about Energous’ roadmap for at-a-distance charging to complete the wireless charging ecosystem.”
On December 17, 2019, Energous Corporation (Nasdaq: WATT) announced the availability of its wireless charging smart glasses developer kit. Designed to ease manufacturers’ integration of WattUp into smart glasses, the new offering includes a variety of materials to kick-start development such as transmitter and receiver reference designs, data sheets, a mobile app, software SDK and more.
“Today’s announcement of the WattUp smart glasses developer kit marks the third such kit to be made available to potential customers of Energous’ technology. Each kit includes all of the necessary antenna designs, hardware, software and fully qualified chips to integrate WattUp into smart glasses, which we believe will be a significant and fast-growing market segment for our business,” said Stephen R. Rizzone, president and CEO of Energous Corporation. “The inherent advantages of the WattUp RF-based wireless charging 2.0 technology include a small footprint, freedom of placement, high-efficiency for reduced thermal problems, higher charging power and compatibility with future releases of WattUp distance transmitters. These advantages make WattUp the ideal choice to power the next generation of smart glasses.”