Energous develops RF-based wireless power technology for IoT devices. Its core product is the Wireless Power Network (WPN) platform, which uses radio frequency energy to wirelessly charge and power small, low-power IoT devices — sensors, tags, and electronic shelf labels — without wires or batteries. The platform has two hardware components: PowerBridge transmitters, installed in facilities to broadcast RF energy across a defined area, and receiver ICs (integrated circuits) embedded in IoT devices to capture that energy. The key value proposition is eliminating the cost and operational burden of replacing batteries across large fleets of IoT devices in retail, warehouse, healthcare, and logistics environments. Energous sells PowerBridge transmitters to enterprises and integrators, sells or licenses receiver ICs to device manufacturers, and may license its 300+ patent portfolio to third parties. Energous is a fabless semiconductor company, meaning it relies on contract manufacturers rather than owning its own production facilities. Customer relationships typically begin with proof-of-concept trials before scaling to broader deployments. Energous sells through systems integrators and value-added resellers, and pursues an ecosystem-based approach aimed at embedding receiver ICs broadly across IoT device categories — similar to how Wi-Fi chips became ubiquitous. The company is early-stage, with 27 full-time employees, and is still in the early commercialization phase.