Energous Corporation (NASDAQ:WATT) gained ground Friday after the maker of wireless charging technologies announced its first customer product approval. Energous said in a press release the U.S. Federal Communications Commission approved its Delight PSAP hearing device to be marketed and sold in the U.S.
The San Diego-based Energous, the developer of WattUp, a revolutionary wireless charging 2.0 technology, announced that,with this certification, the WattUp-enabled personal sound amplification products (PSAP) from Delight, in partnership with SK Telesys, are now certified to be marketed and sold in the United States.
Like hearing aids, PSAPs are used by the hearing impaired to assist with hearing loss, but they are available without a prescription and tend to be lower in cost than hearing aids. WattUp’s unique wireless charging technology allows users to recharge the Delight PSAP simply by placing it on the included WattUp charging pad, eliminating the difficult and often frustrating process of frequent battery replacement.
Said CEO Stephen Rizzone, "FCC approval of the Delight PSAP hearing device is a very significant and positive announcement for Energous in that it represents the first WattUp-enabled consumer product moving into full commercial production, with anticipated availability in Q1.
"While there have been delays in reaching this point, the customer funnel is robust, and we believe this is the first of many WattUp-enabled consumer electronic products in a number of growing vertical markets that will be going into full production in 2019."
Shares gained four cents to $7.08 Friday.
