Energous Corporation Grants Incentive Restricted Stock Units to New Employees | Company

SAN JOSE, Calif.–(BUSINESS WIRE)–June 15, 2022–

energy company (Nasdaq: WATT), a leading developer of RF charging for wireless power grids, today announced that it has issued incentive restricted stock units (“RSUs”) to two new non-executive employees .

On May 18, 2022, a new non-executive employee was issued PSUs covering a total of 10,000 common shares under the Company’s 2017 stock incentive plan (the “Incentive Plan”). On February 16, 2022, a new non-executive employee was issued RSUs covering a total of 10,000 common shares under the incentive plan. RSUs vest over four years, with 25% vesting on the first anniversary of the applicable employee’s hire date and the remainder vesting quarterly thereafter in 12 equal installments, subject to the employee’s continuous service until on each applicable vesting date. Each RSU is subject to the terms and conditions of the Incentive Plan and the terms and conditions of the respective award agreement covering each RSU awarded. The PSU grants were approved by the Compensation Committee of the Company’s Board of Directors and were granted as an incentive to new employees joining the Company, pursuant to Rule 5635(c)(4). ) from the Nasdaq Marketplace.

For more information on Energous WattUp wireless charging technology, visit www.energous.com.

About Energous Corporation

Energous Corporation (Nasdaq: WATT) is the world leader in wireless power grids. Its award-winning WattUp® solution is the only technology that supports both contact and remote charging through a fully compatible ecosystem. Built on fast, efficient and highly scalable RF charging technology, WattUp is positioned to offer improvements over older first-generation coil charging technologies in power, efficiency, foreign device detection, freedom of movement and overall cost for industrial and retail IoT, smart homes, smart cities and medical devices. Energous develops silicon-based wireless power transfer (WPT) technologies and customizable reference designs, and provides global regulatory support, reliable supply chain, quality assurance, and commercial and technical support to customers. global. The company received the world’s first FCC Part 18 certification for remote wireless charging and has been awarded more than 200 patents for its WattUp wireless charging technology to date.

Safe Harbor Statement

This press release contains “forward-looking statements” within the meaning of the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, and the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All other statements that statements of historical facts included in this press release are forward-looking statements. Forward-looking statements may describe our future plans and expectations and are based on Energous’ current beliefs, expectations and assumptions. These statements typically use terms such as “believe”, “expect”, “may”, “will”, “should”, “could”, “seek”, “intend”, “plan”. , “estimate”, “anticipate” or other similar terms. Examples of our forward-looking statements in this release include, but are not limited to, our statements about the future of the global wireless charging industry, statements about our technology and its expected features, and statements regarding the growth expected from the company. Factors that could cause actual results to differ materially from current expectations include: the uncertain timing of required regulatory approvals; the timing of development of customer products and the commercial success of customer products; our dependence on distribution partners; and intense industry competition. We urge you to consider these factors, as well as the other risks and uncertainties described in our most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission (SEC), any quarterly report subsequently filed on Form 10-Q , as well as any other documents that Energous may subsequently file with the SEC from time to time in connection with the evaluation of our forward-looking statements. Further, any forward-looking statements represent the views of Energous only as of the date of this release and should not be relied upon as representing its views as of any subsequent date. Energous assumes no obligation to update forward-looking statements except as required by law.

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CONTACT: Energetic Investor Relations:

Padilla [email protected] Public Relations:

SHIFT Communications Darren [email protected]

KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: SEMICONDUCTOR HARDWARE MOBILE/WIRELESS OTHER TECHNOLOGY TECHNOLOGY

SOURCE: Energous Corporation

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PUBLISHED: 06/15/2022 06:00 / DISK: 06/15/2022 06:02

http://www.businesswire.com/news/home/20220615005297/en

Copyright BusinessWire 2022.

Luisa D. Fuller