Energous signs with Pegatron to launch Wireless Charging Devices
Energous Corporation has signed a definitive development agreement with Pegatron, an electronic and computing DMS (Design and Manufacturing Service) company. This agreement names Pegatron as a non-exclusive partner to license the WattUp technology in both transmitter and receiver designs. WattUp is a wire-free charging solution that delivers intelligent, scalable power via the same radio bands as a Wi-Fi router at a distance of up to 15 feet.
"We are extremely pleased to add Pegatron, a world-class tier-1 OEM/ODM, to our expanding list of WattUp licensees," said Stephen R. Rizzone, President and CEO of Energous Corporation. "2016 is shaping up to be a breakout year for Energous as we continue to advance our key strategic partnership, focus on the Mini WattUp transmitter as our quickest path to revenue and ultimately execute on our long-term strategy of delivering wire-free power at a distance. Partnering with top-tier companies like Pegatron is a key part of our strategy to build out our ecosystem and further solidify our market-entry late this year, earlier next year."
With equity of U.S. $2.7 billion, Pegatron boasts a diversified product line, including motherboards, desktop PCs, notebooks, broadband, wireless systems, game consoles, networking equipment, set-top boxes, multimedia, LCD TVs, and more. The collaboration gives Energous a leading, tier-1 OEM/ODM partner in Asia that can integrate Energous WattUp technology into applicable products in the Pegatron portfolio. Leveraging Pegatron resources will ensure quality and consistent implementation of the WattUp technology and accelerate the development, production and availability of a broader ecosystem of WattUp-enabled devices.
