Business
Energous Announces Sekorm as Value-Added Partner in China
Partnership with China-based Sekorm will enable Energous to reach more potential customers and expand its WattUp wireless power network technology in the
About this update from Energous Corporation
[{"type":"text","content":"\nPartnership with China-based Sekorm will enable Energous to reach more potential customers and expand its WattUp wireless power network technology in the world’s most populous country\n\n SAN JOSE, Calif.--(BUSINESS WIRE)--\nEnergous Corporation (Nasdaq: WATT), a leading developer of RF-based charging for wireless power networks, today announced Sekorm as a value-added partner in China. Through its partnership with Sekorm, Energous gains access to more industrial Internet of Things (IIoT) design communities, marketing and sales capabilities, and increased awareness of its award-winning WattUp wireless power network technology in China. Energous recently announced approval by the Ministry of Industry and Information Technology (MIIT) in China for IoT applications. Energous’ WattUp PowerBridge supports multiple next-generation applications including smart tags, electronic shelf labels, sensors, asset trackers and more.\n\n“China is the world’s most populous country, second-largest economy and a top country for IoT device deployment, making it an important market for Energous and our WattUp wireless power network technology,” said Cesar Johnston, CEO at Energous. “As a value-added partner, Sekorm will help open up new markets for Energous, allowing more potential customers to engage with our WattUp technology and expanding the global reach of IoT wireless power networks.”\n\nIDC predicts that, by 2024, China will surpass the U.S. to become the largest IoT market in the world, spending over $300 billion annually on IoT and accounting for over 25% of all global spend on the sector. IDC also projects the global IoT ecosystem to grow more than threefold over the next few years, from 12 billion devices today to 39.3 billion by 2025. These devices will demand reliable power to function. Most, however, are fueled by batteries, which don’t all lose power at the same time, or by cumbersome charging cables and cords that present logistical nightmares creating hidden costs to IT teams and large-scale IoT deployments. Energous’ 1W WattUp PowerBridge, approved in China for unlimited distance transmission, solves these IoT power challenges.\n\n“China represents a massive technology market and one where IoT deployments in industrial settings are rapidly expanding, bringing with them more need for reliable power,” said Calvin Xiao, CEO at Sekorm...