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Energous Receives Multiple Orders from Multinational Retailer for Grocery Distribution
SAN JOSE, Calif.--(BUSINESS WIRE)-- Energous Corporation (NASDAQ: WATT), a pioneer in scalable, over-the-air wireless power networks (WPNs), today announced
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[{"type":"text","content":" SAN JOSE, Calif.--(BUSINESS WIRE)--\nEnergous Corporation (NASDAQ: WATT), a pioneer in scalable, over-the-air wireless power networks (WPNs), today announced it has received multiple orders from a Fortune 10 multinational retailer for the Energous 2W PowerBridge transmitter systems. Energous recently completed a successful proof of concept (PoC) project for the retailer: a comprehensive WPN that delivers always-on, data-rich asset tracking capabilities for improved grocery and store supply chain visibility and control. These orders for the Energous transmitter system are part of the initial implementation of a nationwide infrastructure optimization project and will be the foundation of a new WPN, beginning with modernization and upgrades in both a grocery distribution center and 170 grocery stores.\n\n\nThe grocery distribution supply chain is complex with many stakeholders—producers, manufacturers, transporters, and retailers—handling a wide range of products, from perishable food items to non-perishable dry goods. Digitization of this critical supply chain is transforming grocery store distribution and improving food delivery, with a growing number of retailers using Internet of Things (IoT) technologies to increase visibility, control, and automation as these products are transported to local stores.\n\n\nThe Energous 2W PowerBridge transmitter systems will deliver continuous access to wireless power, over-the-air and at distance, while enabling a constant stream of real-time data for all IoT-enabled devices in the supply chain, such as sensors and tags. This will enable the retailer to digitally monitor and optimize their grocery distribution network and proactively address shipment issues as they arise, to ensure the right products are at the right stores at the right times.\n\n\n“Ensuring the highest level of food quality and freshness requires a sophisticated and efficient cold chain, and retailers increasingly require real-time access to actionable data and insights, such as temperature and location, with enhanced levels of granularity,” said Mallorie Burak, Interim Principal Executive Officer and CFO, Energous. “Energous wireless power solutions can help transform supply chain management applications, including cold chain monitoring, resulting in improved safety, freshness, and compliance by leveraging end-to-end, real...