Energous Announces Sekorm as Value-Added Partner in China
May 18 2022 - 6:00AM
Business Wire
Partnership with China-based Sekorm will enable
Energous to reach more potential customers and expand its WattUp
wireless power network technology in the world’s most populous
country
Energous Corporation (Nasdaq: WATT), a leading developer of
RF-based charging for wireless power networks, today announced
Sekorm as a value-added partner in China. Through its partnership
with Sekorm, Energous gains access to more industrial Internet of
Things (IIoT) design communities, marketing and sales capabilities,
and increased awareness of its award-winning WattUp wireless power
network technology in China. Energous recently announced approval
by the Ministry of Industry and Information Technology (MIIT) in
China for IoT applications. Energous’ WattUp PowerBridge supports
multiple next-generation applications including smart tags,
electronic shelf labels, sensors, asset trackers and more.
“China is the world’s most populous country, second-largest
economy and a top country for IoT device deployment, making it an
important market for Energous and our WattUp wireless power network
technology,” said Cesar Johnston, CEO at Energous. “As a
value-added partner, Sekorm will help open up new markets for
Energous, allowing more potential customers to engage with our
WattUp technology and expanding the global reach of IoT wireless
power networks.”
IDC predicts that, by 2024, China will surpass the U.S. to
become the largest IoT market in the world, spending over $300
billion annually on IoT and accounting for over 25% of all global
spend on the sector. IDC also projects the global IoT ecosystem to
grow more than threefold over the next few years, from 12 billion
devices today to 39.3 billion by 2025. These devices will demand
reliable power to function. Most, however, are fueled by batteries,
which don’t all lose power at the same time, or by cumbersome
charging cables and cords that present logistical nightmares
creating hidden costs to IT teams and large-scale IoT deployments.
Energous’ 1W WattUp PowerBridge, approved in China for unlimited
distance transmission, solves these IoT power challenges.
“China represents a massive technology market and one where IoT
deployments in industrial settings are rapidly expanding, bringing
with them more need for reliable power,” said Calvin Xiao, CEO at
Sekorm. “For years, Energous has been a leading player in the
wireless power networks space and we’re excited to become a
value-added partner and source for their technology in China.”
Shenzhen-based Sekorm has 30 years of experience helping
hundreds of global companies penetrate, promote and distribute
their products to more than 6,000 innovative Chinese hardware
customers across many IoT applications. Through the Sekorm eService
platform, Energous will reach additional IoT design communities,
extend market and sales coverage including customer trainings, and
expand its WattUp technology more efficiently through Sekorm’s
networks in China.
To learn more about Energous, please visit Energous.com or
follow the company’s corporate pages on Twitter, Facebook and
LinkedIn. To learn more about Sekorm, please visit
https://en.sekorm.com/.
About Energous Corporation
Energous Corporation (Nasdaq: WATT) is the Wireless Power
Network global leader. Its award-winning WattUp® solution is the
only technology that supports both contact and distance charging
through a fully compatible ecosystem. Built atop fast, efficient,
and highly scalable RF-based charging technology, WattUp is
positioned to offer improvements over older, first-generation
coil-based charging technologies in power, efficiency, foreign
device detection, freedom of movement and overall cost for
industrial and retail IoT, smart homes, smart cities and medical
devices. Energous develops silicon-based wireless power transfer
(WPT) technologies and customizable reference designs, and provides
worldwide regulatory assistance, a reliable supply chain, quality
assurance, and sales and technical support to global customers. The
company received the world’s first FCC Part 18 certification for
at-a-distance wireless charging and has been awarded over 200
patents for its WattUp wireless charging technology to-date.
Safe Harbor Statement
This press release contains “forward-looking statements” within
the meaning of the Securities Act of 1933, as amended, the
Securities Exchange Act of 1934, as amended, and the safe-harbor
provisions of the Private Securities Litigation Reform Act of 1995.
All statements other than statements of historical fact included in
this press release are forward-looking statements. Forward-looking
statements may describe our future plans and expectations and are
based on the current beliefs, expectations and assumptions of
Energous. These statements generally use terms such as “believe,”
“expect,” “may,” “will,” “should,” “could,” “seek,” “intend,”
“plan,” “estimate,” “anticipate” or other similar terms. Examples
of our forward-looking statements in this release include, but are
not limited to, our statements about the future of the global
wireless charging industry, statements based on third parties’
market analyses, statements with respect to the success of our
collaborations with our partners, statements with respect to the
potential total addressable market for our current technologies and
future products and statements with respect to expected company
growth. Factors that could cause actual results to differ from
current expectations include: uncertain timing of any necessary
regulatory approvals; timing of customer product development and
market success of customer products; our dependence on distribution
partners; and intense industry competition. We urge you to consider
those factors, together with the other risks and uncertainties
described in our most recent annual report on Form 10-K as filed
with the Securities and Exchange Commission (SEC), any subsequently
filed quarterly reports on Form 10-Q, as well as any other
documents that may have been subsequently filed by Energous, from
time to time, with the SEC, in evaluating our forward-looking
statements. In addition, any forward-looking statements represent
Energous’ views only as of the date of this release and should not
be relied upon as representing its views as of any subsequent date.
Energous does not assume any obligation to update any
forward-looking statements unless required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20220518005168/en/
Energous Investor Relations: Padilla IR
IR@energous.com
Energous Public Relations: SHIFT COMMUNICATIONS Darren
Weiss PR@energous.com
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