Energous Business Summary

Energous Corporation (NASDAQ: WATT) operates a hardware-and-licensing business model centered on its proprietary WattUp® technology, a scalable radio frequency (RF)-based wireless power network (WPN) designed for "ambient IoT" applications. The company generates revenue through the sale of semiconductor chipsets, receiver integrated circuits (ICs), and its flagship PowerBridge transmitter systems, alongside high-margin technology licensing fees from original equipment manufacturers (OEMs) and system integrators. Energous focuses on the retail, logistics, and industrial supply chain sectors, providing over-the-air (OTA) power to battery-free sensors and asset tracking tags. In the competitive landscape, Energous contends with direct rivals such as Ossia (Cota technology), Wi-Charge (infrared-based power), and Powercast. While competitors like Wi-Charge utilize line-of-sight infrared, Energous positions itself as the RF-based pioneer, leveraging a massive patent portfolio and FCC Part 18 certifications to dominate the long-range, non-line-of-sight wireless charging market for low-power IoT ecosystems. Originally founded in 2012 by Michael Leabman, a serial entrepreneur and MIT-trained engineer with a deep pedigree in electromagnetic wave research, the company is currently led by Mallorie Burak, who serves in the dual capacity of Chief Executive Officer and Chief Financial Officer. Burak brings nearly 30 years of executive experience from Knightscope and ThinFilm Electronics, specializing in corporate revitalization and financial scaling. The technical roadmap is spearheaded by Dr. Alister Hoss, a Technical Fellow and VP of Engineering who co-invented the company’s core WPT portfolio, and Giampaolo Marino, the Chief Strategy and Growth Officer, who joined from Analog Devices (ADI). Recent leadership additions include Gregory Sadikoff, appointed as Chief Accounting Officer in January 2026. The company’s strategic direction is supported by a board chaired by David Roberson and notable institutional backing from Armistice Capital LLC, which remains its largest single institutional shareholder, alongside passive positions from Vanguard and BlackRock.