Energous (WATT) Stock Is Rocketing On Wireless Charging

Energous WATT Stock News

Energous Corp (NASDAQ: WATT) stock is rocketing in the market this morning. The stock is trading on gains of around 200% after the company announced FCC certification for groundbreaking wireless charging technology. Here’s what’s happening:

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WATT Stock Is Running On FCC Certification

In the press release, Energous said that it received FCC certification under Part 18 for its new advanced WATTUp over-the-air wireless charging transmitter. The company said that the new transmitter is based on a single advanced antenna and newly developed chip components.

The technology ultimately eliminates the use of beamforming techniques while passing applicable FCC regulatory health and safety standards.

In the release, WATT said that the new technology will make it easier for consumer electronic, medical, industrial and automotive manufacturers to integrate WattUp technology with this simplified design.

In a sjtatement, Stephen R. Rizzone, President and CEO at WATT, had the following to offer:

We are extremely excited to have received FCC certification for our new, revolutionary over-the-air wireless charging technology. It was developed to meet the specific requirements from manufacturers looking to embed the WattUp wireless distance technology into devices such as smart speakers, access points, gaming consoles and other small form factor product applications to provide over-the air charging to smartwatches, fitness bands, smart glasses, sensors and other devices. This announcement and the WattUp-enabled distance charging products that we anticipate will follow from it will truly differentiate Energous from our competitors, furthering our position as the market leader and trailblazer for next generation wireless charging 2.0.

Why Investors Are So Excited

Ultimately, this is a massive breakthrough. At the moment, there is wireless charging available for some cell phones and other products, but this is a very different game. Current wireless charging options still require batterires to be placed on a platform to be charged. However, what Energous announced today is very different.

The company’s technology is a charge-at-a-distance technology. This is like nothing that we’ve ever seen before. Essentially, consumers may soon be able to charge their phones by simply walking into their homes.

Importantly, the footprint of this technology is incredibly small, making it easier for manufacturers to incorporate it in their designs. Consider the breakthrough and ease of incorporation, there’s a good chance that WATT will become an important player in consumer electronics.

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