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WATT

Published on 05/14/2026 at 04:57 pm EDT

Energous Corporation

Battery-Free IoT Infrastructure

The Only Wireless Power Network Enabling Battery-Free, Real-Time IoT at Enterprise Scale

Active Locations

PowerBridges Deployed

Patents

Product Returns

May 2026

Enabling Ambient IoT at Enterprise Scale

Ambient IoT connects everyday assets and environments to the cloud through low-power/battery-free sensors.

These sensors generate real-time data, enabling automation, AI-driven insights, and full operational visibility across physical environments.

What is Ambient IoT?

None provide scalable, continuous real-time

visibility.

Not Scalable

High

Maintenance

Limited

Visibility

Current solutions fall short:

The Challenge Today

Battery-Free Sensors

Wireless Power

Real-Time Data

Enterprise Scale

Full Automation & Visibility

The Energous Solution

Reliable AI requires reliable data at the physical level.

Energous infrastructure enables continuous data streams for next-generation AI analytics.

Positioned Across Multiple Large IoT Markets with Active Deployments

Bluetooth/BLE Ecosystem

8B devices by 2029

5.3B → 8B

Multiple entry points across Bluetooth, IoT sensors, RFID, and Ambient IoT markets

RFID Tags Market

$15.6B (2025)

52.8B chips shipped (2024)

Ambient IoT

1.1B shipments by 2030

IoT Sensors Market

$101.6B by 2032

Our Beachhead Markets:

Retail: Inventory visibility (2,000+ locations today)

Cold Chain: Food & pharma distribution (1 QSR and 3 National Grocers)

Logistics & Manufacturing: Asset tracking (U.S. and expanding internationally)

BLE replacing RFID at 5-10x lower TCO • Ambient IoT at inflection point • Regulatory mandates accelerating adoption

Sources: Bluetooth SIG, Fortune Business Insights, IDTechEx, ABI Research

Subscription-Based Model

Software and platform services delivered via subscription

Contracts auto-renew annually, creating predictable revenue stream

End-to-End Solution Drives Recurring Revenue Stream

Revenue generated through bundled sales of PowerBridge Pro+ transmitters, e-Sense tags, and e-Compass software

Scalable Growth

Revenue becomes increasingly predictable with higher margins after initial

deployment (typically by Year 2)

Revenue compounds as deployments scale across enterprise environments

Energous End-to-End Solution: Recurring Revenue Model

Energous Solution: Transforming the Physical Layer into a Digital Twin

Powering the infrastructure layer that makes battery-free IoT viable at enterprise scale.

Energy

Management

Management

User Data

Enriched Sensor Data

Cloud Sensor Data

Raw Sensor Data

Pre-Processed Sensor Data

Key Differentiators:

Deterministic Power Zones: Engineered, guaranteed coverage versus passive ambient harvesting

End-to-End Platform: Sensors + infrastructure + optional cloud. One vendor: streamlined operation, improved security, and cost competitive

Energous End to End Solution in Action

High accuracy zone-based asset tracking

Real-time monitoring

Temperature and humidity monitoring

Validation from origin to last mile

Network device management

Real-time events for 3rd party integration

Enterprises Need Real-Time Visibility - Without the Battery Burden

Enterprises already invest in item-level tracking, but battery-powered IoT creates cost, maintenance, and reliability challenges. Energous eliminates battery dependency to enable scalable, continuous visibility.

Cold Chain Waste

1.05 billion metric tons of food waste annually.

Challenge: Battery sensors fail during handoffs, creating data gaps & compliance risk.

Solution: National grocery distributors and QSR use Energous battery-free sensors for continuous monitoring.

Impact: Continuous, uninterrupted data across the supply chain enables automated compliance, reduces spoilage, and eliminates manual checks.

Inventory Blind Spots

$1.73 trillion lost annually from

inventory distortion globally.

Challenge: Battery RFID requires scanning. Stockouts and overstocks.

Solution: Fortune 10 retailers deployed our infrastructure across 2,000+ locations globally, providing continuous visibility.

Impact: Up to 99% inventory accuracy. Eliminated manual cycle counts.

Battery Maintenance

Battery replacement for 10K devices can exceed $6M in labor over 5 years.

Challenge: Unpredictable battery life drives ongoing labor, downtime, and compliance risk.

Solution: Energous wireless power eliminates battery replacement - enabling fully maintenance-free operation.

Impact: Reduces total cost of ownership by millions while enabling continuous, reliable operation at scale.

Sources: UNEP Food Waste Index Report 2024, IHL Group, QOI Tech

Ambient IoT transforms supply chains from tracking to always-on intelligence

From Event-Based Tracking to Continuous Intelligence

Ambient IoT real-time data powers AI software models and enables real-time insights into location, predictability, movement, condition, ownership, and compliance.

Labor Efficiency & Automation

By automating data collection and discrepancy resolution, ambient IoT frees supply chain workers (associates, managers, store teams) to focus on higher-value tasks.

Enterprise Performance Advantage

Continuous visibility enables faster inventory turns, reduced shrink, regulatory data tracking, and improved demand forecasting accuracy.

The Emerging Enterprise Standard

Battery-free ambient IoT aligns with emerging global regulatory, ESG, and compliance mandates - establishing infrastructure-level standards for enterprise deployment.

Energous Wireless Power Solutions makes this vision possible by powering ambient IoT sensors continuously & reliably at

enterprise scale.

Ambient IoT is Scaling - And Energous Powers It

Converging market demand, regulatory momentum, and enterprise adoption

positions Energous as the leader of the growing ambient IoT market.

Market Acceleration

Real-Time Data Powers AI

More Data = More Intelligence

Enables:

Predictive Logistics

Cold Chain Monitoring &

Compliance

Inventory Automation

Regulatory Leadership

UK+EU+FCC 1W & 2W Over-

the-Air Certifications Technology Certifications in 110+ Countries

EU 2023/1542 Battery Regulation Alignment ESG & Compliance-Ready Infrastructure

2,000+

Active Locations

Commercial Proof

39,000+

PowerBridges Shipped

Zero

Product Returns

QSR and National Grocery

Partners

|

Item-Level Logistics Visibility | 14 International Deployments

PowerBridge Pro

High-power Transmitter

8W EIRP / 2W conductive output

Up to 50 ft range

Built for multi-zone asset and inventory tracking

IP67 Rated

FCC+EU+UK Certified

PowerBridge: Enterprise Wireless Power Infrastructure

Technical Specifications

FCC 2W over-the-air certification (Industry First)

RF component expertise on both system and semiconductor

8W EIRP transmission capability

50+ foot range per transmitter

One-to-many device charging within line of sight

Sensor agnostic architecture

AWS native cloud integration

Deterministic power zones (engineered coverage)

Up to 99% uptime

-30ºC Cold Chain operability

PowerBridge Lite

Directional Transmitter

1.8W EIRP / 1W conductive output

Designed for dynamic applications such as warehouses & retail

Ideal for establishing zones in the

wireless power network

Compass

Operational Intelligence Platform

Secure, cloud-based deployment

management

Gateway onboarding and zone

configuration

Real-time monitoring, analytics, and historical reporting

Sense Tag

Battery-free Sensor

Battery-free, maintenance-free operation

Real-time temperature and location data

Built for supply chain, cold chain, and inventory tracking

Re-usable and full IP67 rated

Unlike passive ambient harvesting, Energous creates engineered, deterministic power zones - ensuring predictable device uptime and continuous data flow.

Energous delivers the wireless power infrastructure that makes enterprise-scale deployment reliable and

manageable.

Legacy RFID

Battery-Powered IoT

Ambient Harvesting

Energous

Power Source

Passive (reader only)

Batteries

Ambient RF

Active Wireless Power Network

Data Frequency

On-demand scan

Periodic

Variable and not reliable

Real-time continuous

Coverage

Line-of-sight

Anywhere (until battery

dies)

High RF areas only

Engineered zones

Maintenance

Reader infrastructure

Frequent swaps

None (but unreliable)

None (and reliable)

Reliability

Scan-dependent (periodic

data)

90-95% (not real-time)

70-85%

Up to 99%

Infrastructure Control

Reader suppliers

N/A

N/A (ambient dependent, tags don't harvest enough energy to push data)

Energous owns network & hardware/semiconductors

At our power output, competitors are in labs-we're in Fortune 10 warehouses.

Strategic Partner Ecosystem

AWS ISV Accelerate partner

AWS Partner Page: 50+ posted deal launches as of May 13, 2026

Active co-selling with AWS account teams

Pre-qualified vendor status

Accelerated enterprise sales cycles

Cloud & Platform Amazon Web Services (AWS/AT&T/Velociti)

2,000+ retail & fulfillment locations (U.S.)

3 national grocery distributors

14 international markets

Multi-phase deployment expansions

Reference customer pipeline

1 QSR cold chain deployment

Enterprise Customers Retail, Manufacturing & Logistics

Global system integrators

Value-added resellers

Sensor OEM ecosystem

Chip & component partners

Target: up to 50% pipeline partner-sourced

Target Partnerships System Integrators & VARs

Strategic partnerships accelerating enterprise adoption and commercial scale

FY 2025 (Audited): $5.6M revenue (+633% YoY) • 36% gross margin • Net loss improved 48% YoY

Enterprise deployments at scale - driving revenue growth and improved operational efficiency.

Estimated quarterly revenue breakeven: ~$5M-$7.5M

Energous Financial Performance Trends (2024 - Q1 2026)

Q1 2026 Highlights

$3.1M Revenue

$3.1M revenue, marking the fifth consecutive quarter of growth

+799% YoY Growth

36% Gross Margin

51% Net Loss Improvement vs Q1 2025

$36.6M Cash

799% YoY increase driven by enterprise deployment scaling

Two active Fortune 10 commercial deployments, expanding both nationally and internationally

Expanding proof-of-concept pipeline across QSR, manufacturing, grocery, cold chain, and government sectors

Strengthened Amazon Web Services ecosystem: 50+ posted deal launches, with active co-selling and direct-sales pipeline into parent business units

Operational Efficiency: Margins Expanding, Losses Decreasing

Financial Trajectory

Gross Margin Expansion

FY 2024: 2%

FY 2025: 36%

Q1 2026: 36%

Target: 40%+ (at scale)

Net Loss Reduction

Revenue

Deployment Scale Metrics

2,000+

Active Locations

39,000+

PowerBridge Pro Units Deployed

2

Ongoing Fortune 10 Deployments

Zero

Product Returns

FY 2024: $768,000

FY 2025: $5.6 million Q1 2026: $3.1 million

Target: Product sales + recurring revenue from end-to-end solution

2025: $(9.6) million; Lowest annual net loss since 2013

Q1 2026: $(1.7) million; 51% improvement vs Q1 2025

Balance Sheet Strength

Cash: $36.6 million (March 31, 2026)

Commercial Loans: $0 (fully retired)

Runway: 12+ months

How customers use Energous today-proven results across retail, cold chain, and logistics

Use Case:

Cold Chain Compliance

Challenge: Battery sensors not capable of

providing real-time visibility

Energous Solution: 1 QSR and 3 National Grocers. Continuous monitoring for environmental conditions & perishable food tracking. Energous PowerBridge Pro is the only solution operating at -30◦C, enabling cold chain operation.

Results:

Prevented spoilage losses

Data for FDA/USDA/FSMA compliance

Expanding to multiple sites

Cold Chain

Use Case:

Inventory Visibility

Challenge: 85% inventory accuracy. Missed items in transit.

Energous Solution: 1,500+ locations deployed. Continuous tracking.

Results:

Up to 99% inventory accuracy

Operational efficiency improvements

Expanding to ~4,700 U.S. locations

Fortune 10 Retailer

Use Case:

Inventory Visibility

Challenge: Lost assets, asset diversion

Energous Solution: End-to-end warehouse-to-customer real-time tracking.

Results:

Up to 99% asset visibility

Zero battery maintenance

3,100+ PowerBridge Pros shipped to U.S. sites

14+ international installations completed with

35+ facilities targeted for 2026

Fortune 10 E-commerce Company

Market infrastructure, regulatory momentum, and AI demand converge at this inflection point

1. Strategic Pivot Complete

Evolved from an OEM-dependent consumer product model to enterprise solutions with a fully integrated end-to-end Ambient IoT platform (power + sensors + cloud).

2. Regulatory Push Accelerating

UK/EU/FCC 2W/8W EIRP approval (only company). EU 2023/1542 Battery Regulation mandates sustainable alternatives. Multi-year regulatory lead over competitors.

3. AI = Ambient IoT Synergy

AI-driven enterprises require continuous data; ambient IoT enables it. Real-time sensors enable predictive logistics, inventory automation, cold chain optimization.

4. Qualified AWS Partner

AWS ISV Accelerate qualification, Marketplace presence, and APN listing expand enterprise access and accelerate go-to-market execution. With 50+ posted deal launches and active co-selling, AWS is becoming a meaningful source of pipeline and commercial opportunities.

5. Balance Sheet Strength

Financially well-positioned to scale with strengthened capital structure.

Deployments expanding, ecosystem accelerating, profitability approaching

1

Current Deployments Expand

Fortune 10 Customers: First phase deployments underway

1 QSR + 3 National grocers: Potential deployments to 14,000+ locations

Active PoCs converting to full deployment

2

AWS Partnership Scales

ISV Accelerate qualification expands enterprise access

AWS channel generating pipeline and commercial opportunities

50+ deal launches and active co-sell/direct sales pipeline

3

Partner Ecosystem Expands

Increased number of system integrators for large deployments

Increased partner-sourced pipeline and deal flow

4

Demonstrating Operational Efficiency

Five consecutive quarters of revenue growth through Q1 2026

Gross margins improving (36% - Q1 2026)

U.S.-based manufacturing launched in Q1 2026

Path to profitability & free cash flow

Our flexible platform makes it easy to scale deployments across different customer environments, while growing partnerships

and improving financial performance support broader expansion.

Revenue

$3.1M

799°/« increase from Q1 2025

Gross Profit

$1.1M

1,077% Improvement from Q1 2025

GAAP Net Loss

$(1.7)M

51°1 improvement from Q1 2025

Cash Position

$37M

As of March 31, 2026

Commercial Scale-Up Operational Efficiency vs Q1 2025

Revenue $3.1M vs $0.3M

GAAP Operating $2.9M vs $3.7M

Expenses

+799%

21°/» Improvement

P*RTWER

2 2,000+

Fortune 10 Active

deployments locations

14+

International installations oomplete

39,000+ 50+

PowerBrldges Deals through AWS shipped paMer pipeline as

of April 30, 2026

GAAP Net

Loss

Revenue Growth Streak

$(1.7)M vs $(3.4)M

Revenue up from Q4 2025

51°/» Improvement

Sth consecutive quarter of growth

Commercial & Ecosystem Highlights Quality & Liquidity

Active PoC pipeline across First end-to-end

QSR, grocery, manufacturing, Ambient IoT solution and government at enterprise scale

Added U S.-based manufacturing capacity in Q1 2026, strengthening supply chain resilience

Zero product returns since start

of commercial production in 2024

No planned use of the ATM in the next 12 months

Zero commercial debt

Energous Corporation

Investor Relations

ir.energous.com

NASDAQ: WATT

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Energous Corporation published this content on May 14, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 14, 2026 at 20:56 UTC.