$WATT Up 76% As It Gets First Green Light For Charge At A Distance Software

Energous Corporation (NASDAQ:WATT) just got its first certificate from the FCC, Federal Communications Commission, for approval of its new technology charging software. As wireless charging has become the newest and most popular choice for charging devices, Energous wants to introduce a brand new non-contact charging.

The company’s new system does not require any physical contact between the charger and the device. It can work up to distances of 15 feet and eliminates the hassle of having to physically charge all devices such as cell phones, tablets, TVs, earbuds, speakers, smart lighting, and laptops.

This announcement just broke this morning as the San Jose based startup broke the news of their approval certificate for its WattUp Mid Field transmitter. Since then, Energous Corporations stock has risen more than 76% and is now selling at $15.57, a share.

The primary functioning of this new charging system is based on a specific transmitter that converts electricity into radio frequencies and then shoots those frequencies to nearby devices. All devices have to be outfitted with a specific receiver and currently, and multiple devices can be charged simultaneously, within 15 feet of the transmitter. The company hopes that one day, it may extend beyond 15 feet and potentially charge a whole household.

This specific system is manufactured similarly to that of normal Wifi which means the transmitter is no way linked to the functioning of the charging system. The company has not yet launched its system yet but instead intends on showcasing it at the CES 2018, which will be held mid-January in Las Vegas, Nevada.

Energous Corp. hopes to bring this technology and system to sale at the end of 2018 or the beginning of 2019. In the meantime, the company plans on continually testing the product to make necessary adjustments and upgrades before its commercial launch.