Energous (WATT), Dialog Semiconductor Enter New Strategic Partnership

November 7, 2016 9:02 AM EST

Get daily under-the-radar research with StreetInsider.com's Stealth Growth Insider Get your 2-Wk Free Trial here.

Energous Corporation (NASDAQ: WATT), the developer of WattUp®, a revolutionary wire-free charging technology that provides over-the-air power at a distance, today announced a strategic partnership with Dialog Semiconductor plc (XETRA: DLG), a provider of highly-integrated power management, AC/DC power conversion, solid state lighting (SSL) and Bluetooth® low-energy (LE) technology. Dialog has agreed to make a strategic $10 million investment in Energous and become the exclusive component supplier of the WattUp technology, while Energous is able to leverage Dialog's broad sales and distribution channels to accelerate market adoption.

Energous' WattUp technology provides a unique and more extensive wireless-charging experience compared to traditional, coil-based technologies. By sending energy safely through the air using radio frequencies, WattUp is able to deliver intelligent, scalable power in a similar way to a Wi-Fi router. WattUp differs from inductive or resonant wireless charging systems in that it delivers power at a distance, to multiple devices, in any orientation, resulting in a wire-free experience that has the ability to transform the way consumers and industries charge and power electronic devices at home, in the office, in the car and beyond.

The strategic relationship will enhance the existing synergies between Energous' uncoupled wireless charging technology and Dialog's power saving technologies. Energous WattUp technology uses Dialog's SmartBond® Bluetooth low energy solution as the out-of-band communications channel between the wireless transmitter and receiver. Dialog's power management technology is then used to distribute power from the WattUp receiver integrated circuit (IC) to the rest of the device while Dialog's AC/DC Rapid Charge™ power conversion technology efficiently delivers power to the wireless transmitter.

WattUp uses small form factor antennas that are formed using the existing device's printed circuit board, removing the need for larger, more expensive coils. This enables broader adoption of wireless charging in a larger range of battery-powered devices, such as smartphones, tablets, Internet of Things (IoT) devices, small form factor wearables, gaming and Virtual Reality (VR)/Augmented Reality (AR) devices.

"Energous' WattUp technology can be thought of as wireless charging 2.0, and could deliver a wireless charging experience that is much closer to what consumers imagine by charging devices close up and at a distance, while in use and without compromising product design or adding excessive cost," said Mark Tyndall, Senior Vice President, Corporate Development and Strategy, Dialog Semiconductor. "This strategic partnership means that Dialog is able to more closely align our synergistic technologies, supply chain and global sales resources to accelerate the deployment of Energous' WattUp wireless transmitter and receiver technology while expanding our innovative use cases and market share."

"The partnership brings two very complementary companies closer together, creating numerous synergies and benefits," said Stephen R. Rizzone, President and CEO, Energous. "Energous is pleased to be able to leverage Dialog's decades of experience in power-saving technologies as well as its robust sales channel, long term strategic relationships and world-class fab and backend operations. Working together, we will be able to accelerate the adoption of the WattUp technology and reshape the way electronic devices are charged."

"The partnership with a top-tier semiconductor company like Dialog also represents a strong validation for Energous as we prepare to launch WattUp-enabled consumer products with our licensees in early 2017," added Rizzone.

The strategic partnership includes positive tactical and strategic implications that will aggressively speed up customer adoption of WattUp-enabled products and streamline chip production. Benefits of the agreement include joint marketing and sales operations, including access to Dialog's channel partners and access to Dialog's customer base to accelerate the adoption of WattUp in smartphone and emerging IoT applications.

Energous will be showcasing the WattUp technology at CES from January 5-8, 2017 in Dialog's demo suite located in the Venetian Palazzo Hospitality Suites as well as Energous' demo suite located in the Hard Rock Hotel Penthouse Suite.

For more information on Dialog Semiconductor's power management technologies, visit www.dialog-semiconductor.com/power-management.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Corporate News, Hot Corp. News, Management Comments, Momentum Movers, Trader Talk

Related Entities

Twitter

Add Your Comment