AirFuel Alliance Names Energous to Board of Directors

BEAVERTON, Ore., Sept. 26, 2016 /PRNewswire-USNewswire/ -- The AirFuel™ Alliance, a global consortium of industry leaders focused on enabling and accelerating the adoption of wireless power technology, is proud to welcome Energous Corporation (NASDAQ: WATT), to the board of directors. Energous is the developer of WattUp®, a revolutionary wire-free charging technology that provides over-the-air power at a distance.

"We see a great future for wireless charging based on RF technology, especially for wearables and other devices that benefit from longer charging distances," said Ron Resnick, AirFuel Alliance chairman. "We're very pleased Energous has joined the AirFuel Board of Directors and think this highlights our commitment to being an innovative, forward-looking organization that empowers the entire wireless charging ecosystem, and supports a variety of technologies to deliver the best use cases for customers and consumers."

"We are pleased to join AirFuel Alliance in this leadership role to support the development of the technical specifications, product certification, and global operability needed for a wire-free future," said Stephen R. Rizzone, President, and CEO of Energous. "Pioneering the standardization of wireless power is aligned with our mission to deliver ubiquitous, wire-free power at a distance."

AirFuel Alliance members represent every part of the wireless charging value chain – from semiconductors and components to automotive and consumer electronics – and are using resonant, inductive, and future technologies to create innovative products and breakdown wireless power transfer barriers. AirFuel Alliance members are dedicated to creating the technical specifications, product certification, and global interoperability needed to help the world to power up without plugging in.

About AirFuel Alliance
AirFuel Alliance is an association dedicated to building a global wireless charging ecosystem based on best in industry inductive, resonant and future wireless charging technology. AirFuel Alliance's mission is to bring a diverse base of ineroperable products to the global market that deliver the best wireless charging experience for consumers. Further, the Alliance continues to address future, non-magnetic technologies including RF, ultrasound and lasers that deliver power at a distance.

The organization membership is made up of more than 170 leading technology and consumer electronics companies, including board of directors companies AT&T, Broadcom, Dell, Duracell, Energous, Flex, Gill Electronics, Integrated Device Technology, MediaTek, ON Semiconductor, Powermat Technologies, Qualcomm Inc., Samsung Electronics, Samsung Electro-Mechanics, Semtech, Starbucks and WiTricity.

About Energous Corporation 
Energous Corporation is the developer of WattUp®—an award-winning, wire-free charging technology that will transform the way consumers and industries charge and power electronic devices at home, in the office, in the car and beyond. WattUp is a revolutionary radio frequency (RF) based charging solution that delivers intelligent, scalable power via radio bands, similar to a Wi-Fi router. WattUp differs from older wireless charging systems in that it delivers power at a distance, to multiple devices – thus resulting in a wire-free experience that saves users from having to plug in their devices. For more information, please visit Energous.com, or follow Energous on Twitter and Facebook.

Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the "safe harbor" created by those sections. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as "believe," "expect," "may," "will," "should," "could," "seek," "intend," "plan," "estimate," "anticipate" or other comparable terms. All statements in this release that are not based on historical fact are "forward-looking statements." While management has based any forward-looking statements included in this release on its current expectations, the information on which such expectations were based may change. Forward-looking statements involve inherent risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements, as a result of various factors including those risks and uncertainties described in the Risk Factors and in Management's Discussion and Analysis of Financial Condition and Results of Operations sections of our most recent annual report on Form 10-K and any subsequent quarterly reports on Form 10-Q. We urge you to consider those risks and uncertainties in evaluating our forward-looking statements. We caution readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Except as otherwise required by the federal securities laws, we disclaim any obligation or undertaking to publicly release any updates or revisions to any forward-looking statement contained herein (or elsewhere) to reflect any change in our expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

AirFuel Alliance Media Contact:
AirFuel Alliance
Sharen Santoski
[email protected] 
617-755-6357

Energous Media Contact:
Edelman
Alexandra Kenway
[email protected] 
(650) 762-2985

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SOURCE AirFuel Alliance

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