PLEASANTON, CA -- (Marketwired) -- 04/24/14 -- Energous Corporation ("Energous" or "the Company") (NASDAQ: WATT), a developer of a disruptive wire-free charging technology, announced that it has been added to the Wilshire 5000 Total Market Index (the "Wilshire 5000") effective April 18, 2014.
The Wilshire 5000 is a market cap-weighted index that is widely considered the best way to track the U.S. equities market and estimate market value changes. The Company's inclusion in the Wilshire 5000 was done in conjunction with monthly additions and deletions to the index.
"We are excited to be added to the Wilshire 5000 index. Our inclusion with recent high profile technology IPOs will only enhance our visibility with investors," explained Stephen R. Rizzone, President and CEO of Enormous.
About Energous Corporation
Energous Corporation is developing WattUp, a wire-free charging technology that will transform the way people charge and power their electronic devices at home, in the office, in the car and beyond. WattUp is a revolutionary, patent- and trademark-pending solution that delivers intelligent, scalable power via the same radio bands as a Wi-Fi router. WattUp differs from current wire-free charging systems in that it delivers meaningful, useable power, at a distance, while allowing users to roam while charging. The result is a true wire-free experience that saves users from having to remember to plug in their devices or place them on a mat. Energous will initially license WattUp to the mobile accessory and wearable markets, with an eye toward expanding to other markets over time. For more information, please visit www.energous.com.
Power + Distance + Mobility = WattUp from Energous Corporation
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange and Exchange Act of 1934, as amended, that are intended to be covered by the "safe harbor" created by those sections. All statements in this release that are not based on historical fact are "forward looking statements". While management has based any forward looking statements included in this release on its current expectations, the information on which such expectations were based may change. Forward-looking statements involve inherent risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements, as a result of various factors including those risks and uncertainties described in the Risk Factors and in Management's Discussion and Analysis of Financial Condition and Results of Operations sections of our recently filed registration statement on Form S-1. We urge you to consider those risks and uncertainties in evaluating our forward-looking statements. We caution readers not to place undue reliance upon any such forward -looking statements, which speak only as of the date made. Except as otherwise required by the federal securities laws, we disclaim any obligation or undertaking to publicly release any updates or revisions to any forward-looking statement contained herein (or elsewhere) to reflect any change in our expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.