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JT Group Invests $5 Million in Energous Wireless Charging

January 03, 2017 by Power Pulse1595211359

Energous Corporation, the developer of WattUp®, a revolutionary wire-free charging technology that provides over-the-air power at a distance, today announced a strategic partnership with JT Group, a Tier-1 telecommunications carrier offering a full suite of products including mobile broadband and fiber-optic broadband solutions. With operations in over 100 countries, JT Group is making a strategic $5 million investment in Energous and will be the preferred backhaul and cloud connectivity partner for Internet of Things (IoT) customers that leverage Energous' WattUp technology.

As the number of connected devices continues to grow exponentially, connectivity is a crucial component for the overall ecosystem. Short-range radio technologies like WiFi and Bluetooth, in combination with wide-area networks (WANs) using cellular and LoRa, all combine for increased cloud-connectivity and data analytics for Energous' cloud-connected management software.

"JT is delighted to partner with Energous. We believe that Energous' highly innovative technology will be a key enabler in the Internet of Things (IoT) and we are excited to be working with Energous to maximize customers' benefits from the adoption of their technology," said Graeme Millar, CEO of JT Group.

"IoT is a priority market for Energous and this partnership with JT Group satisfies the industry need for cellular and other connectivity for IoT devices," said Stephen R. Rizzone, president and CEO of Energous. "The partnership with a Tier-1 telecommunications carrier like JT Group represents strong validation for Energous as we continue to expand our IoT ecosystem and the breadth of WattUp-enabled consumer products, the first of which will be available in early 2017."

Energous will be showcasing the WattUp technology at The Hard Rock Hotel Las Vegas during CES 2017.