Energous PowerBridge to provide consistent and
reliable wireless power to Identiv’s ID-Pixels tags, helping
facilitate real-time temperature updates and improve supply chain
efficiency
Energous Corporation (NASDAQ: WATT), an industry leader in
RF-based wireless power network solutions, and Identiv, Inc.
(NASDAQ: INVE), a global digital security and identification leader
in the Internet of Things (IoT), have partnered to bring real-time
asset tracking to supply chain and logistics applications. This
collaboration aims to wirelessly power Identiv’s ID-Pixels tags
with Energous’ PowerBridge technology, enabling accurate and
reliable sensor measurements that can be used throughout the supply
chain, including in cold chain logistics. The joint solution aims
to deliver more reliable, consistent power than disposable
batteries and charging cables to the thousands of IoT sensors
deployed across the logistics industry, resulting in less
maintenance, lower costs and shorter setup times, while also
establishing greater precision, safety and ease of use.
The adoption of IoT solutions in the logistics industry has
expanded in the past five years and is expected to be valued at
$63.7 billion by 2026. The increasing number of IoT devices
deployed across logistics brings with it a growing need to ensure
they are reliably and consistently powered. This is especially
critical in cold chain logistics, where accurate temperature
sensing can inform businesses if goods have overheated or spoiled
prior to final delivery, reducing waste and avoiding potentially
lost revenue.
Historically, IoT deployments in the supply chain industry have
been powered by disposable batteries and charging cords, both of
which create costly maintenance burdens and safety concerns for IT
teams tasked with recharging sensors in often rugged and
inaccessible locations. Energous and Identiv’s collaboration aims
to deliver a joint wirelessly charged IoT sensor solution to cold
chain logistics companies transporting everything from perishable
food to medication. The joint solution will pair Identiv’s RF tags
which are capable of measuring temperature and humidity with
Energous’ PowerBridge technology, which sends RF-based wireless
power over the air. Together, this enables cold chain logistics
companies to not only track and report the temperature inside
cooling trucks but also deliver improved performance in normally
restrictive environments such as refrigerated cargo ships (known as
“reefers”).
“For logistics companies carrying temperature-sensitive goods,
accurate reporting from IoT sensors is paramount and this can only
be accomplished if the sensors are consistently and reliably
powered. This partnership incorporates Energous’ PowerBridge
technology and facilitates a constant source of wireless power to
each of Identiv’s ID-Pixels tags without the need for additional
maintenance,” said Giampaolo Marino, vice president of marketing
and business development at Energous. “This partnership offers
logistics companies a solution that not only increases the overall
efficiency of IoT sensors, as there is less downtime due to no
battery drainage, but also lowers the total cost and increases
ROI.”
Energous’ RF-based wireless charging technology not only
addresses the broad challenges of the cold chain but also zeroes in
on the specific needs of refrigerated transport, a critical aspect
for companies that operate extensive fleets of reefers. In the
logistics of perishable goods, maintaining an even, optimal
temperature throughout the entire length of a refrigerated trailer
is a significant challenge. Energous and Identiv’s joint wireless
charging solution offers a groundbreaking advantage by enabling
continuous, real-time temperature monitoring throughout different
sections of a reefer. These innovative sensors can ensure that
temperature-sensitive goods are transported under consistently
ideal conditions, a vital capability for preserving the integrity
of perishables like food, pharmaceuticals, and other sensitive
products.
“Our partnership with Energous seeks to create a solution that
will bring greater accuracy and reliability to cold chain
applications in the logistics industry. Together, we are developing
a wirelessly powered IoT solution that can be deployed within hours
instead of days,” said Amir Khoshniyati, VP and GM of IoT Business
at Identiv. “With no additional hardware costs or specialized
training required, logistics companies can save both money and
time.”
Energous and Identiv discussed this new partnership along with
supply chain optimization and the asset-tracking industry in a
recent webinar. To listen to the webinar replay, please register
here.
About Energous Corporation
Energous Corporation (NASDAQ: WATT) has been pioneering wireless
charging over distance technology since 2012. Today, as the global
leader in wireless charging over distance, its networks are safely
and seamlessly powering its customers’ RF-based systems in a
variety of industries, including retail, industrial, healthcare and
more. Its total network solution is designed to support a variety
of applications, including inventory and asset tracking, smart
manufacturing, electronic shelf labels, IoT sensors, digital supply
chain management, inventory management, loss prevention,
patient/people tracking and sustainability initiatives. The number
of industries and applications it serves is rapidly growing as it
works to support the next generation of the IoT ecosystem.
Forward-Looking Statements
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 statements other than statements of historical fact included in
this press release are forward-looking statements. Forward-looking
statements may describe our future plans and expectations and are
based on the current beliefs, expectations and assumptions of
Energous. These statements generally use terms such as “believe,”
“expect,” “may,” “will,” “should,” “could,” “seek,” “intend,”
“plan,” “estimate,” “anticipate” or other similar terms. Examples
of forward-looking statements in this release include, but are not
limited to, our statements about the success of our collaborations
with our partners, statements about our technology and its expected
functionality, and statements with respect to the future of the
global wireless charging industry and our technology. Factors that
could cause actual results to differ from current expectations
include: uncertain timing of necessary regulatory approvals; timing
of customer product development and market success of customer
products; our dependence on distribution partners; and intense
industry competition. We urge you to consider those factors, and
the other risks and uncertainties described in our most recent
annual report on Form 10-K as filed with the Securities and
Exchange Commission (SEC), any subsequent quarterly reports on Form
10-Q, as well as in other documents that may be subsequently filed
by Energous, from time to time, with the SEC, in evaluating our
forward-looking statements. In addition, any forward-looking
statements represent Energous’ views only as of the date of this
release and should not be relied upon as representing its views as
of any subsequent date. Energous does not assume any obligation to
update any forward-looking statements unless required by law.
About Identiv
Identiv, Inc. is a global leader in digitally securing the
physical world. Identiv’s platform encompasses RFID and NFC,
cybersecurity, and the full spectrum of physical access, video, and
audio security. Identiv is a publicly traded company, and its
common stock is listed on the NASDAQ Stock Market LLC in the U.S.
under the symbol “INVE.” For more information, visit
identiv.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20231213845396/en/
Energous Investor Relations Padilla IR IR@energous.com
Energous Corporate Communications SHIFT Communications
energous@shiftcomm.com Identiv Media Contact
press@identiv.com
Energous (NASDAQ:WATT)
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Energous (NASDAQ:WATT)
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