Energous (WATT), Highpower (HPJ) Enter Joint Development Agreement

September 11, 2014 7:36 AM EDT

Energous (Nasdaq: WATT) announced a joint development agreement (JDA) with Highpower International, Inc. (NYSE: HPJ), a developer, manufacturer and marketer of nickel-metal hydride (Ni-MH), lithium rechargeable batteries and battery management solutions.

Energous and Highpower will jointly develop reference designs for WattUp-enabled Highpower batteries and various other fully integrated solutions for consumers. In effect, end users would ultimately be able to make any device wire-free chargeable with WattUp-enabled batteries.

"Highpower is committed to cutting-edge technologies," said Terry Guo, Vice President of Highpower International. "We expect the collaboration of Highpower and Energous on the wire-free charging technologies to yield the industry's most exciting power sources to date -- and to deliver advanced products differentiating from others in today's market."

"Right now, battery charging method is one of the limiting factor in the use of smartphones, wearables and IoT devices," said Stephen R. Rizzone, CEO of Energous Corporation. "WattUp-enabled Highpower batteries will deliver the freedom to charge without wires and will therefore make an impact to the whole battery industry."

WattUp is a revolutionary, patent- and trademark-pending solution that delivers intelligent, scalable power via the same radio bands as a Wi-Fi router. WattUp differs from current wireless charging systems in that it delivers meaningful, useable power, at a distance, while allowing users to roam while charging. The result is a true wire-free experience that saves users from having to remember to plug in their devices or place them on a mat.

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