Energous Corporation d/b/a Energous Wireless Power Solutions (NASDAQ:WATT), a leader in over-the-air (OTA) wireless power networks, today announced continued commercial momentum across its enterprise customer base, including expanding deployments with its two Fortune 10 customers, and a growing proof-of-concept pipeline spanning multiple industries and geographies.

"The momentum that defined 2025 has carried into early 2026," said Mallorie Burak, CEO and CFO of Energous. "The commercial infrastructure we built last year, recently expanded manufacturing capacity, a strengthened balance sheet, and a growing portfolio of active deployments, is enabling us to pursue opportunities at a pace and scale that was not possible twelve months ago."

Expanding Fortune 10 Deployments and Multi-Vertical Proof-of-Concept Pipeline

Energous continues to expand its deployment footprint with two Fortune 10 customers. The first customer continues active deployment of wireless power network infrastructure as part of its previously announced program, spanning approximately 4,700 targeted U.S. locations, with over 1,500 completed installations to date.

A second Fortune 10 customer, operating in the e-commerce and reverse logistics sector, has increased the cadence of its engagement with Energous, expanding its program across multiple use cases and geographies, including internationally with over 14 completed installations to date. This international expansion reflects growing demand for Energous' wireless power network solutions beyond the U.S. market and further validates the scalability of the Company's platform.

In parallel, the Company is advancing a growing number of proof-of-concept initiatives across retail, manufacturing, and foodservice, including grocery and a quick-service restaurant operator. Several of these programs are structured to scale from initial site deployments to broader multi-location rollouts in the near term.

Energous is also progressing programs with government and regulated-sector organizations, where requirements such as domestic manufacturing, infrastructure security, and system reliability are critical factors in vendor selection.

"We are supporting multiple simultaneous customer programs across different stages of commercialization, from large-scale proof-of-concept evaluations to expanding full production deployments," added Burak. "As our customers advance their programs, we expect to provide increasing specificity on the composition and scale of our pipeline."

Technology Performance Enabling New Applications and Domestic Manufacturing Capacity

Energous' wireless power network technology continues to demonstrate performance in environments where alternative solutions have, to date, struggled to operate reliably.

This includes successful operation in temperature-controlled and refrigerated environments, enabling deployment in cold-chain and temperature-sensitive applications across foodservice, logistics, and supply chain operations.

"To our knowledge, we are the only provider with a solution proven to operate efficiently in lower range temperatures," said Burak. "That threshold is critical for cold-chain applications across food, grocery, and QSR environments. As these use cases expand, we are uniquely positioned to support deployments that require consistent performance in extreme temperature conditions."

To support growing customer demand and enterprise requirements for domestically manufactured technology infrastructure, Energous has engaged a second U.S.-based contract manufacturer. This expansion of the Company's manufacturing base ensures Energous is positioned to fulfill orders for customers with domestic sourcing requirements, while scaling production capacity in parallel with commercial demand.

Restarting Quarterly Earnings Calls

Energous plans to restart its quarterly investor conference calls beginning with the release of its first quarter of 2026 financial results in May. The Company believes the trajectory of its business merits regular, direct dialogue with its shareholders and is committed to maintaining that standard of transparency going forward.

"We are entering this next phase with a stronger foundation across every dimension of the business – commercial traction, product readiness, and manufacturing capacity," said Burak. "Our focus is execution: converting pipeline into deployments, expanding within existing customers, and scaling our platform across new industries and geographies. As our customer programs advance, we look forward to providing increasing specificity on our pipeline and sharing a full update with our shareholders on our first quarter 2026 conference call in May."