Energous Adds Three Industry Veterans to Advisory Board as Company Focuses on Powering Growing Industrial and Retail Internet of Things Ecosystem

Additions of Bob Friday, Alessandro Piovaccari and Mark Tyndall will support Energous as it continues to expand the reach of its global wireless power grid technology ecosystem

SAN JOSE, Calif., May 2, 2022–(BUSINESS WIRE)–energy company (Nasdaq: WATT), a leading developer of RF wireless power grids, today announced the appointment of bob friday, Alessandro Piovaccari and Marc Tyndall on the Energous Advisory Board.

The new advisory board appointments are announced amid an expanding IoT ecosystem – which is expected to grow from 12 billion devices in 2021 to nearly 40 billion in 2025, according to IDC – whose reliance on batteries that require replacement or cumbersome charging cables present logistical issues and hidden costs for IT teams in any large-scale industrial or retail IoT deployment. Energous’ WattUp technology solves these problems by delivering reliable and consistent RF wireless power to multiple devices simultaneously from a distance, supporting the higher power levels required by today’s devices and tomorrow’s innovations.

“Energous is honored to welcome Bob, Alessandro and Mark to our Board of Directors as we continue to meet the growing energy needs of the global IoT ecosystem,” said Cesar Johnston, CEO of Energous. “All three are well recognized in their industries as visionaries and leaders, and we welcome them and look forward to leveraging their expertise and prior experience as Energous continues to expand the reach of its ecosystem. growing world of wireless power grid technology.”

Friday is Group Vice President, Chief AI Officer at Juniper and CTO of Juniper’s AI-Driven Enterprise business unit, which develops Marvis, a networked artificial intelligence/machine learning solution for enterprises. He was co-founder, vice president and chief technology officer at Mist, which was acquired by Juniper Networks in April 2019. He started his wireless career at Metricom (Ricochet wireless network), developing and deploying wireless mesh networks across the country. to connect the first generation of Internet browsers. After Metricom, Friday co-founded Airespace, a startup that helps companies manage the flood of employees who introduce unlicensed WiFi technology into their businesses. Following Cisco’s acquisition of Airespace in 2005, Friday became vice president and chief technology officer of enterprise mobility at Cisco, where he led mobility strategy and investments in the wireless business. . He also led industry standards such as Hot Spot 2.0 and market efforts such as Cisco’s Connected Mobile Experience. He holds more than 15 patents.

Piovaccari was previously Silicon Labs’ chief technology officer and senior vice president of central R&D and was responsible for the company’s product research and development. He is currently Vice-Chair of the IEEE Solid-State Circuits Society Conferences and Visiting Scholar on Circuit Design Approaches, Methods, and Practices at Leading Fabless Enterprises at the University of Bologna in Italy. Additionally, he is a member of several startups and education advisory boards. Piovaccari has over 25 years of technical and management experience in the semiconductor industry and has co-architected and led numerous wireless and IoT SoCs with 4 billion device shipments. Piovaccari holds a Ph.D. and Laurea degree in EECS from the University of Bologna and a postgraduate degree (summa cum laude) in EECS from Johns-Hopkins University.

From 2008 to 2021, Tyndall served as senior vice president of corporate development and strategy at Dialog Semiconductor and a key member of the management team growing the company from a valuation below $100 million to a recent trade sale to Renesas for $6 billion. From 2006 to 2008, he served as Vice President of Business Development and Corporate Relations at MIPS Technologies, and prior to that, he served as Vice President of Business Development at Infineon since 1999. Earlier in his career, Tyndall has held senior positions in marketing at Fujitsu Microelectronics and semiconductor design at Philips Semiconductors. He has also served on the board of several successful acquired start-ups.

To learn more about Energous, visit Energous.com or follow the company’s corporate pages at Twitter, Facebook and LinkedIn.

About Energous Corporation

Energous Corporation (Nasdaq: WATT) is the world leader in wireless power grids. Its award-winning WattUp® solution is the only technology that supports both contact and remote charging through a fully compatible ecosystem. Built on fast, efficient and highly scalable RF charging technology, WattUp is positioned to offer improvements over older first-generation coil charging technologies in power, efficiency, foreign device detection, freedom of movement and overall cost for industrial and retail IoT, smart homes, smart cities and medical devices. Energous develops silicon-based wireless power transfer (WPT) technologies and customizable reference designs, and provides global regulatory support, reliable supply chain, quality assurance, and commercial and technical support to customers. global. The company received the world’s first FCC Part 18 certification for remote wireless charging and has been awarded more than 200 patents for its WattUp wireless charging technology to date.

Safe Harbor Statement

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. statements other than statements of historical facts included in this press release are forward-looking statements. Forward-looking statements may describe our future plans and expectations and are based on Energous’ current beliefs, expectations and assumptions. These statements typically use terms such as “believe”, “expect”, “may”, “will”, “should”, “could”, “seek”, “intend”, “plan”. , “estimate”, “anticipate” or other similar terms. Examples of our forward-looking statements in this release include, but are not limited to, our statements about the future of the global wireless charging industry, statements based on third party market analysis, statements about our technology and its expected functionality, statements regarding the potential total addressable market for our current technologies, and statements regarding anticipated business growth. Factors that could cause actual results to differ materially from current expectations include: the uncertain timing of required regulatory approvals; the timing of development of customer products and the commercial success of customer products; our dependence on distribution partners; and intense industry competition. We urge you to consider these factors, as well as the other risks and uncertainties described in our most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission (SEC), any quarterly report subsequently filed on Form 10-Q , as well as any other documents that Energous may subsequently file with the SEC from time to time in connection with the evaluation of our forward-looking statements. Further, any forward-looking statements represent the views of Energous only as of the date of this release and should not be relied upon as representing its views as of any subsequent date. Energous assumes no obligation to update forward-looking statements except as required by law.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220502005150/en/

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