Energous Receives Multiple Orders From Multinational Retailer For Grocery Distribution 2W PowerBridge Transmitter Systems

7/23/24 8:34:34 AM ET

Radio And Television Broadcasting And Communications Equipment

Technology

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Energous Corporation (NASDAQ:WATT), a pioneer in scalable, over-the-air wireless power networks (WPNs), today announced it has received multiple orders from a Fortune 10 multinational retailer for the Energous 2W PowerBridge transmitter systems. Energous recently completed a successful proof of concept (PoC) project for the retailer: a comprehensive WPN that delivers always-on, data-rich asset tracking capabilities for improved grocery and store supply chain visibility and control. These orders for the Energous transmitter system are part of the initial implementation of a nationwide infrastructure optimization project and will be the foundation of a new WPN, beginning with modernization and upgrades in both a grocery distribution center and 170 grocery stores.

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Date	Price Target	Rating	Analyst
5/16/2024	$2.00	Neutral → Buy	Ladenburg Thalmann
4/5/2024	$3.50 → $2.00	Buy → Neutral	Ladenburg Thalmann
7/30/2021	$5.00 → $4.00	Buy	Roth Capital

Energous Receives Multiple Orders From Multinational Retailer For Grocery Distribution 2W PowerBridge Transmitter Systems

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Energous Receives Multiple Orders From Multinational Retailer For Grocery Distribution 2W PowerBridge Transmitter Systems

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