Expands Dialog's position in power management by becoming the
exclusive supplier of Energous' disruptive RF-based wireless
charging ICs
Dialog Semiconductor plc (XETRA:DLG), a provider of highly
integrated power management, AC/DC power conversion, solid state
lighting (SSL) and Bluetooth(R) low energy (LE) technology, today
announced a strategic investment in Energous Corporation (NASDAQ:
WATT), the developer of WattUp(R), a revolutionary wire-free
charging technology that provides over-the-air power at a distance.
Dialog has agreed to make a $10 million investment in Energous and
become the exclusive component supplier of the WattUp integrated
circuits (ICs), while Energous is able to leverage Dialog's broad
sales and distribution channels to accelerate market adoption.
Energous' WattUp technology provides a unique and more extensive
wireless charging experience compared to traditional coil-based
technologies. By sending energy safely through the air using radio
frequencies, WattUp is able to deliver intelligent, scalable power
in a similar way to a Wi-Fi router. WattUp differs from inductive
or resonant wireless charging systems in that it delivers power at
a distance, to multiple devices, in any orientation, resulting in a
wire-free experience that has the ability to transform the way
consumers and industries charge and power electronic devices at
home, in the office, in the car and beyond.
The partnership combines Energous' uncoupled wireless charging
technology and Dialog's power saving technologies to drive market
expansion. Energous' WattUp technology uses Dialog's SmartBond(R)
Bluetooth low energy solution as the out-of-band communications
channel between the wireless transmitter and receiver. Dialog's
power management technology is then used to distribute power from
the WattUp receiver IC to the rest of the device while Dialog's
AC/DC Rapid ChargeTM power conversion technology efficiently
delivers power to the wireless transmitter.
WattUp uses small form factor antennas that are formed using the
existing device's printed circuit board, removing the need for
larger, more expensive coils used in competing solutions today.
This enables broader adoption of wireless charging in a larger
range of battery-powered devices, such as smartphones, tablets,
Internet of Things (IoT) devices, small form factor wearables, and
Virtual Reality (VR)/Augmented Reality (AR) devices. Accelerated
sales growth will be achieved by leveraging Dialog's strength in
delivering volume and tier one customer access.
"This partnership brings two very complementary companies closer
together, creating numerous benefits," said Stephen R. Rizzone,
President and CEO, Energous. "Energous is pleased to be able to
leverage Dialog's decades of experience in power-saving
technologies as well as its robust sales channel, long term
strategic relationships and world-class fab and backend operations.
Working together, we will be able to accelerate the adoption of the
WattUp technology and reshape the way electronic devices are
charged."
"Partnering with a top tier semiconductor company like Dialog
also represents a strong validation for Energous as we prepare to
launch WattUp- enabled consumer products with our licensees in
early 2017," added Rizzone.
"Energous' WattUp technology can be thought of as wireless
charging 2.0, and delivers a wireless charging experience that is
much closer to what consumers desire by charging devices close up
and at a distance, while in use and without compromising product
design or adding excessive cost," said Mark Tyndall, Senior Vice
President, Corporate Development and Strategy, Dialog
Semiconductor. "This alliance means that Dialog is able to more
closely align our complementary technologies, supply chain and
global sales resources to accelerate the deployment of Energous'
WattUp wireless transmitter and receiver technology while expanding
our innovative use cases and market share."
The strategic investment includes positive tactical and
strategic implications that will aggressively speed up customer
adoption of WattUp- enabled products and streamline chip
production. Benefits of the agreement include joint marketing and
sales operations, including access to Dialog's channel partners and
access to Dialog's customer base to accelerate the adoption of
WattUp in smartphone, automotive and emerging IoT applications.
Dialog will be showcasing Energous' WattUp technology at CES
from January 5-8, 2017 in its private demo suite with lead
customers expected to be in production from first half 2017.
For more information on WattUp technology, visit
www.energous.com.
ENDS
Dialog, the Dialog logo, SmartBond and Rapid Charge are
trademarks of Dialog Semiconductor plc or its subsidiaries. All
other product or service names are the property of their respective
owners. (c) Copyright 2016 Dialog Semiconductor All rights
reserved.
About Dialog Semiconductor
Dialog Semiconductor is a leading provider of integrated
circuits (ICs) that power the Internet of Things. Dialog solutions
are integral to some of today's leading mobile devices and the
enabling element for increasing performance and productivity on the
go. From making smartphones more power efficient, enabling home
appliances to be controlled from anywhere, to connecting the next
generation of wearable devices, Dialog's decades of experience and
world-class innovation help manufacturers get to what's next.
Dialog operates a fabless business model and is a socially
responsible employer pursuing many programs to benefit the
employees, community, other stakeholders and the environment we
operate in. Dialog Semiconductor plc is headquartered in London
with a global sales, R&D and marketing organization. In 2015,
it had approximately $1.35 billion in revenue and was one of the
fastest growing European public semiconductor companies. It
currently has approximately 1,680 employees worldwide. The company
is listed on the Frankfurt (FWB: DLG) stock exchange (Regulated
Market, Prime Standard, ISIN GB0059822006) and is a member of the
German TecDax index.
For more information, visit www.dialog-semiconductor.com.
About Energous Corporation
Energous Corporation is the developer of WattUp(R) -- an
award-winning, wire-free charging technology that will transform
the way consumers and industries charge and power electronic
devices at home, in the office, in the car and beyond. WattUp is a
revolutionary radio frequency (RF) based charging solution that
delivers intelligent, scalable power via radio bands, similar to a
Wi-Fi router. WattUp differs from current wireless charging systems
in that it delivers contained power, at a distance, to multiple
devices -- thus resulting in a wire-free experience that saves
users from having to remember to plug in their devices. For more
information, please visit Energous.com, or follow Energous on
Twitter and Facebook.
Language: English Company: Dialog Semiconductor Plc. Tower
Bridge House, St. Katharine's Way E1W 1AA London United Kingdom
Phone:
+49 7021 805-412
Fax: +49 7021 805-200 E-mail:
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Internet:
www.dialog-semiconductor.com
ISIN: GB0059822006 WKN: 927200 Indices: TecDAX Listed: Regulated
Market in Frankfurt (Prime Standard); Regulated Unofficial Market
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Dialog SemiconductorLauren OfstedahlPhone: +1 (408) 845
8518lauren.ofstedahl@diasemi.comWeb:
www.dialog-semiconductor.comTwitter: @DialogSemiorMarch
CommunicationsJames GerberPhone: +1 (617) 960
9874dialog@marchcomms.com