Energous Corp. (WATT) stock prices were down by 5.67% as of the market closing on July 13th, 2021, bringing the price per share down to USD$2.33. Subsequent premarket fluctuations have seen the stock rise by 4.29%, bringing it up to USD$2.43.
Active Energy Harvesting Developer Kit
July 14th 2021 saw the developer of WattUp announce the availability of its newest 5.5W Active Energy Harvesting Developer Kit, which will serve to enable at-a-distance wireless charging for the expanding ecosystem of industrial Internet of Things and other connected devices. This is a major step forward from the existing passive solutions that harness ambient energy from their surroundings, typically offering very low amounts of power. They are also unpredictable in terms of how much power is generated.
Functionality of the Kit
The company’s active energy harvesting solution includes a dedicated transmitter that has a 5.5W output of conducted power in a designated area or direction via the RF-based, WattUp wireless charging technology. The RF-based energy is collected by Energous-enabled receiving devices, which have the facility to be combined with RF energy harvesting IC technology from e-peas.
Scope of Technology
The company’s 5.5W active energy harvesting solution supports the charging of anywhere from one to several devices, with a single transmitter facilitating the simultaneous charging of several devices. The active energy harvesting technology is applicable to a myriad of industries and applications, ranging from drug store monitors and patient trackers in a healthcare setting to smoke detectors and motion sensors in a smart home. The technology also serves to facilitate fault prevention and other safety sensing in an industrial environment.
Reliability of Technology
The developer kit facilitates the incorporation of active energy harvesting into the solutions of developers of wireless devices while ensuring consistent and safe power levels. The pioneering technology serves to support a much wider range of IoT devices than ever before, fulfilling the requirement of guaranteed levels of power not addressed by existing passive energy harvesting technologies, establishing a basis for exponential growth in more power-critical applications.
Future Outlook for WATT
Armed with a technology that is set to revolutionize the wireless charging space, WATT is poised to capitalize on the consolidation and expansion of its market footprint. Investors are hopeful for the expansive scope of commercialization and accelerated proliferation of the technology across various market sectors, thus driving increases in shareholder value.
