Energous Corporation (NASDAQ:WATT) Q2 2022 Earnings Conference Call August 10, 2022 4:30 PM ET

Company Participants

Matt Sullivan - IR

Cesar Johnston - CEO

Bill Mannina - Acting CFO

Conference Call Participants

Jon Hickman - Ladenburg

Suji Desilva - ROTH Capital

Operator

Good afternoon, and welcome to the Energous Second Quarter 2022 Financial Results Conference Call. [Operator Instructions] Please note that this event is being recorded.

I would now like to turn the conference over to Matt Sullivan, Investor Relations. Please go ahead.

Matt Sullivan

Thank you, Joe, and welcome, everyone. Before we begin, I would like to remind participants that during today's call, the company will be making forward-looking statements. These statements, whether in prepared remarks or during the Q&A session, are subject to inherent risks and uncertainties that are detailed in the company's filings with the Securities and Exchange Commission. Except as otherwise required by federal securities laws, Energous disclaims any obligation or undertaking to publicly release updates or revisions to the forward-looking statements contained herein or elsewhere to reflect changes in expectations with regards to those events, conditions and circumstances. Also, please note that during this call, Energous will be discussing non-GAAP financial measures as defined by SEC Regulation G. Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP measures are included in today's press release, which is posted on the company's website.

Now I'd like to turn the call over to Cesar Johnston, CEO of Energous. Please go ahead, Cesar.

Cesar Johnston

Thanks, Matt. Good afternoon, and welcome to the Energous 2022 second quarter conference call. Joining me is Bill Mannina, our acting Chief Financial Officer.

We would like to start this call by sharing our latest news with you. As announced in our earlier press release this afternoon, we received a breakthrough FCC approval for our new 15-watt WattUp PowerBridge.

This significant achievement not only allows us and our partners to deploy wireless power networks capable of higher power delivery to support a broader range of IoT devices, but it also enables us to deliver such power at even further distances than previously authorized. Energous 15 power - 15-watt PowerBridge transmitters can enhance the wireless charging network performance in applications where high receiver coverage and high signal penetration are needed to energize hard to charge hidden receivers. These milestones support our long-term goal of advancing regulatory approvals for wireless power that allow for higher power and greater distances.