24/7 Market News Snapshot 17 September, 2024 – Energous Corporation (NASDAQ:WATT)

September 17, 2024

DENVER, Colo., 17 September, 2024 (247marketnews.com) – (NASDAQ:WATT) are discussed in this article.
Energous Corporation has experienced a notable surge in its stock value, recently opening at $0.775 and soaring to $1.076, reflecting an impressive increase of approximately 39.72%. This rise has attracted considerable investor attention, evidenced by a significant trading volume of 2.77 million shares. The strong market sentiment surrounding Energous aligns with the company’s recent milestone achievements in the field of wireless power technology.

Energous has successfully shipped its first orders of the innovative 2W PowerBridge transmitter system to a well-known Fortune 100 technology firm. This groundbreaking development positions the PowerBridge as a crucial component in creating advanced wireless power networks (WPNs) aimed at improving asset tracking within the company’s reverse logistics operations. The effectiveness of reverse logistics is paramount for optimizing supply chains, and Energous’ technology is poised to revolutionize this space.

The 2W PowerBridge is designed to deliver continuous, over-the-air wireless power, providing real-time data streaming capabilities for IoT-connected devices like sensors and tags. Its advanced dual-band, dual polarization antenna achieves a remarkable radiated power of up to 8W Effective Isotropic Radiated Power (EIRP), enabling nearly complete visibility of all connected devices. This visibility enhances operational decision-making while contributing to sustainability efforts by minimizing waste throughout supply chains.

Mallorie Burak, Interim Principal Executive Officer and CFO of Energous, remarked on the transformative potential of the PowerBridge transmitter, emphasizing its ability to eliminate dependency on batteries and wires. She expressed confidence that this technology will significantly reduce asset loss while increasing overall operational efficiency.

As Energous continues to innovate and expand its offerings, it remains at the forefront of developing scalable wireless power solutions that promise to enhance business automation and sustainability in supply chain management.

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