Energous Corporation (NASDAQ: WATT) rose Wednesday after the company disclosed that it has secured a regulatory approval for its WattUp wireless charging technology in 100 countries worldwide.
The countries include Australia, Canada, India, Taiwan and the entire European Union.
The San Jose, California-based says WattUp® is a revolutionary wire-free, power-at-a-distance charging technology.
WattUp is a revolutionary radio frequency (RF) based charging solution that delivers intelligent, scalable power via radio bands, similar to a Wi-Fi router. WattUp differs from older wireless charging systems in that it delivers power-at-a-distance -- thus resulting in a wire-free experience that saves users from having to remember to plug in their devices.
According to CEO Stephen Rizzone, "As the leader in Wireless Charging 2.0, we are paving the way for our customers to launch WattUp-enabled consumer electronic and IoT devices on a global basis. While each WattUp-enabled device requires its own certification, our customers will be able to reference the Energous certifications to expedite the regulatory process.
"Initial rollouts from our customers to consumers will begin in the coming weeks, followed by full global releases as the remaining certifications are secured."
This announcement follows the company’s achievement of the industry’s first FCC certification for its at-a-distance wireless charging technology under Part 18 of the FCC guidelines, an industry first, as well as for the company’s at-contact wireless charging.
Energous is continuing to execute on a robust global regulatory campaign that will establish its footprint in priority countries and open the door for manufacturers to begin selling WattUp-enabled electronic devices in their respective markets.
Shares spiked 43 cents, or 3.5%, to $12.76
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