Energous's Business Segments
Energous's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Revenue Share by Region -
- Europe14.1%
Revenue by Geographic Region -
| Region | Revenue (Millions) | % of Total |
|---|---|---|
| Europe | $ 0 | 14.1% |
Revenue by Product & Service Category -
- Technology Service0%
- Product Development Projects Revenue0%
- Power Bridge Sales and Shipping0%
- Other7.6%
Revenue by Product & Service Category -
| Category | Revenue (Millions) | % of Total |
|---|---|---|
| Technology Service | $ 3 | - |
| Product Development Projects Revenue | $ 3 | - |
| Power Bridge Sales and Shipping | $ 3 | - |
Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.
Description of Energous
We have developed a technology called WattUp® that consists of proprietary semiconductor chipsets, software, hardware designs and antennas that enables radio frequency (“RF”) based charging for electronic devices, providing wire-free charging solutions for contact-based charging and at-a-distance charging, ultimately enabling charging with mobility under software control. Pursuant to our Strategic Alliance Agreement with Dialog Semiconductor plc (“Dialog”), Dialog manufactures and distributes integrated circuit (“IC”) products incorporating our RF-based wire-free charging technology. Dialog is our exclusive supplier of these ICs for the general market. We believe our proprietary technology can be utilized in a variety of devices, including wearables, hearing aids, earbuds, Bluetooth headsets, Internet of Things (“IoT”) devices, smartphones, tablets, e-book readers, keyboards, mice, remote controls, rechargeable lights, cylindrical batteries, medical devices and any other device with similar charging requirements that would otherwise need a battery or a connection to a power outlet.
We believe our technology is novel in its approach, in that we are developing a solution that charges electronic devices by surrounding them with a focused, radio frequency energy pocket (“RF energy pocket”). We are engineering solutions that we expect to enable the wire-free transmission of energy for contact-based applications as well as far field applications of up to 15 feet. We are also developing our Far Field transmitter technology to seamlessly mesh (like a network of Wi-Fi routers) to form a wire-free charging network that will allow users to charge their devices as they move from room-to-room or throughout a large space. To date, we have developed multiple transmitter prototypes in various form factors and power capabilities. We have also developed multiple receiver prototypes, including smartphone battery cases, toys, fitness trackers, Bluetooth headsets and tracking devices, as well as stand-alone receivers. We are also in the pre-production stage leading to mass production with early adopters of the WattUp technology to bring the first contact-based transmitters and compatible receivers to market.
When the company was founded, we recognized the need to build and design an enterprise-class network management and control software (“NMS”) system that was integral to the architecture and development of our wire-free charging technology. Our NMS system can be scaled up to control an enterprise consisting of thousands of devices or scaled down to work in a home or IoT environment.
The power, distance and mobility capabilities of the WattUp technology were validated by an internationally recognized independent testing lab in October 2015.
Our technology solution consists principally of transmitter and receiver ICs and novel antenna designs driven through innovative algorithms and software applications. We submitted our first IC design for wafer fabrication in November 2013 and have since been developing multiple generations of transmitter and receiver ICs, multiple antenna designs, as well as algorithms and software designs that we believe, in the aggregate, will optimize our technology by reducing size and cost, while increasing performance to a level that will enable our technology to be integrated into a broad spectrum of devices. We have developed a “building block” approach which allows us to scale our product implementations by combining multiple transmitter building blocks and/or multiple receiver building blocks to provide the power, distance, size and cost performance necessary to meet application requirements. While the technology is very scalable, in order to provide the necessary strategic focus to grow the company effectively, we have defined our market as devices that require 10 watts or less of power to charge. We intend to continue to invest in IC development as well as in the other components of the WattUp system to improve product performance, efficiency, cost-performance and miniaturization as required to grow the business and expand the ecosystem, while also distancing us from any potential competitors.
Segments
1. Wireless Power Transfer: This is the primary segment where Energous operates, focusing on technologies that wirelessly transmit power to devices over varying distances. This segment includes applications for consumer electronics, industrial devices, medical devices, and Internet of Things (IoT) devices.
2. Consumer Electronics: Energous targets the consumer electronics market, providing solutions for charging a variety of smart devices like smartphones, tablets, wearables, and home automation devices.
3. IoT and Industrial Applications: The company aims to support the growing IoT market by offering solutions that enhance the functionality and longevity of IoT devices, particularly in scenarios where direct charging might be impractical.
4. Medical Devices: Energous focuses on the healthcare market by providing power solutions that can be seamlessly integrated into medical devices, allowing for easier use and maintenance.
Products
1. WattUp® Technology: At the core of Energouss offerings is WattUp, a patented technology that enables over-the-air wireless charging. This technology allows devices to be charged while in use and eliminates the need for physical connectors. WattUp can charge multiple devices simultaneously and can operate over various distances, making it adaptable to different environments.
2. WattUp Mid Field and Far Field Chargers: These products are designed to provide wireless charging capabilities at mid-range and far-field distances. Mid-field chargers can effectively transmit power within a few feet, while far-field chargers extend this range to larger distances, accommodating diverse user environments and application requirements.
3. WattUp Transmitter and Receiver Modules: Energous offers transmitter and receiver modules that can be integrated into various devices. These modules are essential components that facilitate the wireless charging process, providing a flexible solution for manufacturers looking to incorporate wireless charging into their products.
4. Development Kits and Reference Designs: To support manufacturers and developers, Energous provides a range of development kits and reference designs. These kits allow for easy integration of WattUp technology into new products, reducing time to market while ensuring compatibility and performance.
Services
1. Technical Support and Consulting: Energous provides comprehensive technical support and consulting services to assist manufacturers in integrating their wireless charging solutions into existing and new product designs. This includes guidance on compliance, safety, and performance optimization.
2. Partner Program: Energous has established a partner program designed to foster collaborations with technology developers, manufacturers, and industry leaders. This program offers partners access to technical resources, training, and marketing support to effectively leverage WattUp technology in their products.
3. Regulatory and Compliance Support: Understanding that different markets have specific regulatory requirements, Energous offers services to help clients navigate the compliance landscape, ensuring that devices utilizing their technology meet necessary safety and performance standards.
4. Customization and Integration Services: Energous provides customization options for its technology to meet specific client needs. This includes bespoke designs and integration strategies tailored to specific applications, ensuring that products not only utilize WattUp technology but also fit seamlessly into the existing product ecosystem.
Applications
1. Consumer Devices: WattUp technology can be found in applications such as charging pads for smartphones, smartwatches, and other personal devices, offering convenience and eliminating the need for charging cables.
2. Industrial Solutions: In the industrial realm, Energouss technology can be employed for powering sensors and devices in manufacturing processes, enhancing efficiency and reducing downtime caused by battery changes.
3. Medical Applications: The medical field benefits from Energous’s solutions with devices such as glucose monitors, heart rate monitors, and other wearable health monitors that require regular charging without cumbersome cables.
4. Smart Home Devices: Energous technology is also applicable in the smart home space, powering a variety of devices, from smart speakers to security cameras, facilitating easier use and installation.
Energous Corporation is at the forefront of the wireless charging revolution, leveraging its proprietary technology to create applications and solutions that enhance user convenience and device functionality across multiple sectors.
