Energous Expands Collaboration with Two Fortune 10 Customers
Energous announced continued commercial momentum across its enterprise customer base, including expanding deployments with two customers, and a growing proof-of-concept pipeline spanning multiple industries and geographies. The company said, "Energous continues to expand its deployment footprint with two Fortune 10 customers. The first customer continues active deployment of wireless power network infrastructure as part of its previously announced program, spanning approximately 4,700 targeted U.S. locations, with over 1,500 completed installations to date. A second Fortune 10 customer, operating in the e-commerce and reverse logistics sector, has increased the cadence of its engagement with Energous, expanding its program across multiple use cases and geographies, including internationally with over 14 completed installations to date. This international expansion reflects growing demand for Energous' wireless power network solutions beyond the U.S. market and further validates the scalability of the Company's platform. In parallel, the Company is advancing a growing number of proof-of-concept initiatives across retail, manufacturing, and foodservice, including grocery and a quick-service restaurant operator. Several of these programs are structured to scale from initial site deployments to broader multi-location rollouts in the near term. Energous is also progressing programs with government and regulated-sector organizations, where requirements such as domestic manufacturing, infrastructure security, and system reliability are critical factors in vendor selection. Energous' wireless power network technology continues to demonstrate performance in environments where alternative solutions have, to date, struggled to operate reliably. This includes successful operation in temperature-controlled and refrigerated environments, enabling deployment in cold-chain and temperature-sensitive applications across foodservice, logistics, and supply chain operations. To support growing customer demand and enterprise requirements for domestically manufactured technology infrastructure, Energous has engaged a second U.S.-based contract manufacturer. This expansion of the Company's manufacturing base ensures Energous is positioned to fulfill orders for customers with domestic sourcing requirements, while scaling production capacity in parallel with commercial demand."
