Energous PowerBridge Transmitters to Help Improve Transportation Efficiency for Multinational Retailer

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SAN JOSE, Calif., October 08, 2024--(BUSINESS WIRE)--Energous Corporation d/b/a Energous Wireless Power Solutions (NASDAQ: WATT), a pioneer in scalable, over-the-air (OTA) wireless power networks, today announced it has shipped its Energous 1W PowerBridge transmitter systems for use by a Fortune 10 multinational retail organization. The transmitters, which are ruggedized and weatherproof, are purpose built for commercial transportation applications, allowing real time inventory tracking during distribution. This deployment follows the retailer’s previous orders of Energous 2W PowerBridge transmitters for its grocery distribution centers.

In legacy supply chain management systems, data is typically tracked manually with bar code scanners or paper documents, leading to information gaps and errors. As more retailers use Internet of Things (IoT) enabled devices such as scanners and tags to track products, they can create smart supply chains which improve efficiency, customer service, and profitability. Energous PowerBridge transmitter systems provide a WPN that delivers an always-on, OTA, automated energy flow that optimizes IoT device performance, enabling the retailer to digitally monitor their transportation network 24/7/365. As a result, distribution becomes more efficient, and they can proactively address shipment issues, whether on the road or in a warehouse, in real time.

"This shipment of our 1W transmitters not only establishes the foundation for a new WPN that will enhance this retailer’s transportation network visibility and control, but also strengthens our existing relationship with them, given their use of our 2W transmitters for grocery distribution optimization," said Mallorie Burak, Interim Principal Executive Officer and CFO, Energous Wireless Power Solutions. "Our wireless power solutions are safe and cost-effective, providing companies with operational infrastructures that are always on, enabling a constant stream of real-time data, and delivering up to 99 percent visibility of all tracked assets and inventory, from the warehouse to the store.

"Energous PowerBridge transmitters are also ecofriendly. As we all work toward a more sustainable future, Energous-powered WPNs will help retailers reduce the carbon footprint of their distribution and reduce food waste, while helping ensure their customers receive the freshest possible food."

About Energous Wireless Power Solutions

Energous PowerBridge transmitter systems are the backbone of WPNs that allow connected devices such as sensors and tags to continuously provide critical enterprise data to cloud networks—at distance and without wires, batteries, or cables—ensuring they are reliably charged at all times. In addition, these transmitter systems act as data links for IoT-enabled devices, enabling them to efficiently communicate valuable data and insights back to the cloud, and allowing companies to analyze, optimize, and improve every part of their supply chain operations in real time.