Thinfilm and Energous Announce Partnership to Enable Ultrathin, Reliable, Wirelessly Rechargeable Devices
February 25 2021 - 4:02PM
Business Wire
Leading wireless charging and energy storage
innovators collaborate to simplify wearable design
Energous Corporation (Nasdaq: WATT) and Thin Film Electronics
ASA (OSE: THIN, OTCQB: TFECY) today announced a partnership to
simplify the integration of Energous WattUp RF wireless charging
and Thinfilm solid-state lithium microbattery technology in
form-factor-sensitive applications such as hearables, wearables,
and connected sensors. By simplifying the charging method and
improving energy storage, Energous and Thinfilm aim to help device
manufacturers create comfortable, easy-to-use products without the
hassles of wired connections or the limitations of legacy battery
technologies.
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To facilitate the adoption of next-generation charging and
energy storage technologies, the companies plan to jointly promote
their technologies to customers in markets where designers face
severe form factor constraints as well as consumer pressure for
convenience and reliability.
“Thinfilm’s ultrathin, ultrasafe batteries and Energous’ WattUp
wireless charging are ideal complementary technologies for the next
generation of sleek, comfortable, easy-to-use wearable devices and
connected sensors,” said Kevin Barber, CEO of Thinfilm. “By
combining effortlessly simple wireless charging with ultrathin,
reliable solid-state batteries, device manufacturers can offer
products combining long lifetimes and user convenience with
striking new form factors that will amaze and delight their
customers.”
“Innovative designers in the wearables, hearables, and sensor
markets can combine the convenience of wireless charging with the
form factor and longevity advantages of solid-state energy storage
to deliver a unique combination of end-user comfort, high
reliability, and maximum convenience,” said Stephen R. Rizzone,
president and CEO of Energous Corporation. “Together with Thinfilm,
we look forward to enabling the next generation of innovative
wearable devices.”
About Energous Corporation
Energous Corporation (Nasdaq: WATT) is the global leader of
Wireless Charging 2.0 technology. 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 substantial improvements over older,
first generation coil-based charging technologies in power,
efficiency, foreign device detection, freedom of movement and
overall cost for consumer electronics, medical devices, retail,
military, industrial/commercial IoT, automotive, military, retail
and industrial applications. 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 231 patents for its WattUp wireless charging
technology to-date. For more information, please visit
Energous.com.
Safe Harbor Statement
This press release contains “forward-looking statements” within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. 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. These statements generally use terms such as
“believe,” “expect,” “may,” “will,” “should,” “could,” “seek,”
“intend,” “plan,” “estimate,” “anticipate” or similar terms.
Examples of our forward-looking statements in this release include
our statements about the future of the wireless charging industry
and our technology, the anticipated establishment and success of
the evaluation board, and statements with respect to its expected
functionality. Our forward-looking statements speak only as of this
date; they are based on current expectations and we undertake no
duty to update them. Factors that could cause actual results to
differ from what we expect include: uncertain timing of 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, and the other risks and uncertainties described in
our most recent annual report on Form 10-K and subsequent quarterly
reports on Form 10-Q, in evaluating our forward-looking
statements.
About Thinfilm
Thinfilm is Energizing Innovation™ with ultrathin, flexible, and
safe energy storage solutions for wearable devices, connected
sensors, and beyond. Thinfilm's innovative solid-state lithium
battery (SSLB) technology is uniquely positioned to enable the
production of powerful, lightweight, and cost-effective
rechargeable batteries for diverse applications. The company's
state-of-the-art flexible electronics manufacturing facility,
located in the heart of Silicon Valley, combines patented process
technology and materials innovation with the scale of roll-to-roll
production methods to bring the advantages of SSLB technology to
established and expanding markets. Thin Film Electronics ASA is a
publicly listed company in Norway with corporate headquarters in
Oslo and global headquarters in San Jose, California.
This information is subject to the disclosure requirements
pursuant to section 5-12 of the Norwegian Securities Trading
Act.
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version on businesswire.com: https://www.businesswire.com/news/home/20210225005085/en/
Energous Investor Relations: Bishop IR Mike Bishop (415)
894-9633 IR@energous.com
Energous Public Relations: PR@energous.com (408)
963-0200
Thinfilm Contact: Kevin Barber - Chief Executive Officer
E-mail: kevin.barber@thinfilmsystems.com
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