Mission Statement, Vision, & Core Values of Energous Corporation (WATT)

Ever wondered what drives a company pushing the boundaries of wireless charging technology? What are the guiding principles behind Energous Corporation's innovative strides in over-the-air (OTA) wireless power networks, especially after a year like 2024 that saw a 62% increase in revenue to $0.8 million?

Let's explore the mission, vision, and core values that shape their path, influencing everything from their technology to their workplace culture. How do these elements align to drive Energous forward in a competitive market, and what can they tell us about the company's future direction?

Energous Corporation (WATT) An Overview of

Energous Corporation is at the forefront of the wireless power network sector. It develops WattUp, a technology that enables wireless charging for various electronic devices. Energous was founded in 2012 and is headquartered in San Jose, California. The company focuses on providing over-the-air wireless power solutions, aiming to enhance the convenience and flexibility of charging electronic devices.

Energous develops technology that allows for wireless charging of electronic devices at a distance. Its primary product, WattUp, is a radio frequency (RF)-based charging solution that can transmit power to devices wirelessly. These devices range from small IoT devices to larger consumer electronics.

As of April 2025, while specific real-time sales figures are dynamic and subject to market changes, Energous focuses on expanding its partnerships and deployments across various sectors. These sectors include:

• Consumer Electronics
• IoT Devices
• Medical Devices
• Retail Applications

The company's strategy involves securing regulatory approvals and collaborating with industry partners to integrate WattUp technology into a wide array of products, thereby driving revenue growth and market penetration.

In 2024, Energous Corporation reported record-breaking revenue, driven significantly by increased adoption of its WattUp technology. A substantial portion of this revenue came from the sales of WattUp-enabled components and licensing agreements with key partners. The company saw significant growth in the IoT and medical device sectors, reflecting the increasing demand for wireless charging solutions in these markets.

Energous Corporation has demonstrated substantial financial performance, particularly noting the following:

• Record revenue driven by WattUp technology adoption.
• Growth in IoT and medical device sectors.
• Strategic partnerships boosting market reach.

Energous Corporation stands out as a pioneering company in the wireless charging industry, with its WattUp technology poised to transform how electronic devices are powered. To delve deeper into Energous Corporation, explore: Energous Corporation (WATT): History, Ownership, Mission, How It Works & Makes Money

Energous Corporation (WATT) Mission Statement

Energous Corporation aims to revolutionize how devices are powered. The company's mission is to provide innovative wireless charging solutions that offer convenience and efficiency. Energous strives to lead the industry by developing cutting-edge technology that enables both contact and over-the-air charging, catering to various applications.

The company is pioneering scalable, over-the-air (OTA) wireless power networks that enable unprecedented levels of visibility, control, and intelligent business automation. Energous' wireless power transmitter and receiver technologies deliver continuous access to wireless power, driving a new generation of battery-free devices for asset and inventory tracking and management. These solutions cater to retail sensors, electronic shelf labels, asset trackers, air quality monitors, motion detectors, and more.

Energous is focused on creating a world where wireless charging is seamless and ubiquitous. The company is committed to innovation, sustainability, customer focus, collaboration, empowerment, integrity, and continuous improvement. By staying true to its mission and vision, Energous aims to positively impact the world and drive success for the company and its customers.

As of November 8, 2024, the Company had $0.2 million in backlog, representing confirmed new and follow-on PowerBridge transmitter system orders from large retail customers, as well as engineering services. The third quarter of 2024 represented the highest quarter for commercial PowerBridge transmitter system shipments since introducing the product to the market in the fourth quarter of 2021.

Recent highlights of Energous Corporation's achievements include:

• Won an IoT Breakthrough Award for IoT Connected Retail Innovation of the Year.
• Awarded a scalable, multi-phase contract with a Fortune 10 retailer.
• Received multiple orders from a multinational retailer for grocery distribution.
• Received full FCC certification for its Energous 2W PowerBridge transmitter.
• Shipped first orders to a multinational technology company for reverse logistics.
• Won a Mobile Breakthrough Award for IoT Innovation of the Year.
• Engaged to develop a battery-free smart tag for global RFID leader.

In early 2025, Energous began installations to equip over 500 stores and multiple grocery distribution centers by the end of fiscal year 2025. This deployment aims to improve supply chain visibility and streamline inventory management for perishable and dry goods assets. It enables real-time asset tracking and full-scale automation across the customer's entire operation, with 24/7/365 data processing, providing continuous insights into inventory health, operational efficiencies, and potential risks.

The company believes sales momentum and increased interest in its Wireless Power Network (WPN) technology are creating the momentum needed to chart a path to profitability. Energous is pioneering scalable, over-the-air (OTA) wireless power networks that enable unprecedented levels of visibility, control, and intelligent business automation.

Explore more about Energous and its potential impact on investors: Exploring Energous Corporation (WATT) Investor Profile: Who’s Buying and Why?

Energous Corporation (WATT) Vision Statement

While a specific, formally published vision statement for Energous Corporation isn't readily available in the latest search results, we can infer their strategic direction and aspirations from their mission, core values, and overall business objectives. Energous is focused on transforming the way the world is powered through its innovative wireless charging technology.

Energous aims to lead the market in providing wireless power networks that support a variety of applications, from small electronic devices to larger equipment. The company's vision is closely linked to creating a future where power is as accessible and ubiquitous as Wi-Fi, eliminating the need for traditional wired charging methods.

Energous's vision includes establishing itself as a leader in the wireless charging industry. This involves:

• Developing and patenting groundbreaking technologies.
• Securing regulatory approvals, such as those from the FCC.
• Forming strategic partnerships to integrate their technology into various products and industries.

In 2024, Energous continued to refine its WattUp technology, focusing on enhancements and applications that cater to a broad spectrum of devices, from IoT sensors to medical devices. Their advancements are geared toward creating more efficient and versatile wireless power solutions.

A core element of Energous's vision is to create a world where wireless power is readily available everywhere. This vision is about:

• Enabling charging at a distance.
• Creating entire wireless power networks.
• Making wireless charging as commonplace and accessible as Wi-Fi.

Energous has been actively working to expand the applications of its technology. For instance, in 2024, the company emphasized the use of its wireless charging solutions in retail environments, industrial settings, and medical applications, highlighting the adaptability and scalability of its WattUp technology.

Energous emphasizes sustainability and efficiency in its wireless charging solutions. This part of their vision focuses on:

• Reducing e-waste by eliminating the need for numerous charging cables and adapters.
• Improving the energy efficiency of charging processes.
• Supporting environmentally friendly practices through their technological innovations.

Energous's commitment to sustainability is evident in their product development and marketing efforts. By offering solutions that minimize energy waste and reduce reliance on disposable batteries, Energous aims to contribute positively to environmental conservation.

Energous pursues collaborations to drive the adoption of its wireless charging technology. This involves:

• Working with key industry players.
• Integrating their technology into a wide range of devices and applications.
• Expanding their market reach through strategic alliances.

In 2024, Energous continued to foster relationships with companies across different sectors, including consumer electronics, IoT, and healthcare. These partnerships are crucial for expanding the deployment of WattUp technology and establishing Energous as a key player in the wireless power ecosystem.

Energous Corporation's vision revolves around pioneering advanced wireless charging solutions, aiming for market dominance, fostering environmental sustainability, and establishing strategic alliances to broaden the reach of its technology across diverse sectors. To gain more insights into Energous Corporation, consider reading: Exploring Energous Corporation (WATT) Investor Profile: Who’s Buying and Why?

Energous Corporation (WATT) Core Values of

While specific, formally published core values for Energous Corporation aren't readily available, we can infer key values from their mission, vision, and actions. These inferred values reflect what the company prioritizes in its operations and culture.

Based on available information, here are potential core values for Energous Corporation:

Innovation

Innovation is likely a core value for Energous, given their focus on developing and commercializing wireless power technology. This involves continuous research and development to create more efficient and versatile solutions. For example, their work on uncoupled wireless power transfer demonstrates a commitment to pushing the boundaries of what's possible.

• Energous has obtained numerous patents for its wireless charging technology, reflecting a strong emphasis on innovation and intellectual property.
• The company actively collaborates with partners to integrate its technology into various applications, showcasing a commitment to exploring new and innovative use cases.

Sustainability

With increasing global emphasis on environmental responsibility, sustainability may be another core value. Wireless power technology can contribute to sustainability by reducing the need for disposable batteries and minimizing e-waste. The company's focus on efficient power transfer could align with broader sustainability goals.

• Energous' technology aims to reduce reliance on traditional wired charging methods, potentially lowering energy consumption and waste.
• The company's focus on developing efficient wireless power solutions aligns with global efforts to promote sustainable energy practices.

Partnership and Collaboration

Energous relies on partnerships and collaborations to integrate its technology into various devices and applications. This suggests that teamwork and collaboration are important values. Working closely with other companies allows Energous to expand its reach and impact.

• Energous has established partnerships with companies in various industries, including consumer electronics, IoT, and medical devices, to integrate its wireless power technology into their products.
• These collaborations enable Energous to expand its market reach and accelerate the adoption of its technology across different sectors.

Efficiency

Focusing on efficiency in its operations and technology is vital. This includes optimizing power transfer, reducing energy waste, and improving the overall performance of wireless charging solutions. The company's dedication to refining its technology underscores the importance of efficiency.

• Energous is dedicated to optimizing the efficiency of its wireless power transfer technology to minimize energy loss and maximize charging speed.
• The company continuously works on improving the performance and reliability of its solutions to meet the evolving needs of its customers.

Compliance and Safety

Given the regulatory landscape surrounding wireless power transfer, compliance and safety are likely key values. Energous must adhere to industry standards and regulations to ensure its products are safe for consumers and meet all necessary requirements. Commitment to these principles is crucial for building trust and maintaining a positive reputation.

• Energous places a high priority on regulatory compliance and safety to ensure its products meet industry standards and are safe for consumer use.
• The company works closely with regulatory bodies to obtain the necessary certifications and approvals for its wireless power technology.

To gain more insights into Energous Corporation, you might find this resource helpful: Energous Corporation (WATT): History, Ownership, Mission, How It Works & Makes Money