SAN JOSE, CA--(Marketwired - November 09, 2015) - Energous Corporation ("Energous^®" or "the Company") (WATT), the developer of WattUp™, a revolutionary wire-free charging technology for mobile and IoT devices that provides "over-the-air" power at a distance, today announced the results of an industry-first, independent performance evaluation completed by Underwriters Laboratories, Inc. (UL). The UL testing, which was conducted at their labs, evaluated the performance of the award-winning WattUp technology and validated receive power at various distances, simultaneous multiple device receive capability as well as mobility.

"We are pleased to have the leading independent testing facility confirm that WattUp exceeded performance expectations for delivering power within various charging ranges," said Stephen R. Rizzone, CEO of Energous. "As the leader in the emerging Uncoupled Power market, we have set the bar and validated the performance of Energous' award-winning WattUp wireless charging solution. These results independently document the rapid progress of our product development efforts that are expected to enable us to release products to the consumer through our licensing partnerships in late 2016, early 2017."

TARGETED PERFORMANCE

• 4W delivered within 0-5 feet

• 2W delivered within 5-10 feet

• 1W delivered within 10-15 feet

UL TESTING RESULTS

The UL testing conducted in their lab measured the amount of actual power delivered to a device at varying distances from a single WattUp transmitter. The test noted below measures actual power received by a device.

DISTANCE:

RECEPTION OF POWER SIMULTANEOUSLY BY MULTIPLE DEVICES:

UL tested a single transmitter sending power simultaneously to multiple receivers at a distance of five feet yielding the following results:

MOBILITY:

UL testing facilities did not have a robotic arm capable of simulating motion. To validate mobility, a single WattUp transmitter located, acquired and transmitted power sequentially in near-real-time to four WattUp receivers spread 30 degrees apart, equidistant at 8.5 feet. Actual power delivered in sequence is as follows:

UL (www.UL.com) is a global independent safety science company with more than a century of expertise in testing and innovating safety solutions. For more information on the results and to view the full downloadable report, please see www.energous.com/report.

About Energous Corporation
Energous Corporation (WATT) is developing WattUp, an award-winning wire-free charging technology that will transform the way people and industries charge and power their electronic devices at home, in the office, in the car and beyond. WattUp is a revolutionary, patent-pending solution that delivers intelligent, scalable power via the same radio bands as a Wi-Fi router. WattUp differs from current wireless charging systems in that it will deliver meaningful, usable power, at a distance, to multiple devices, resulting in a wire-free experience that saves users from having to remember to plug in their devices or place them on a mat. 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 and Exchange Act of 1934, as amended that 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.