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INVESTOR PRESENTATION May 13, 2025
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Forward Looking Statements This presentation 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 Act of 1934, as amended, that are intended to be covered by the "safe harbor" created by those sections, including statements regarding our future performance, ability to enter into future partnerships, future portfolio and ability to obtain future regulatory approval. All statements in this presentation that are not based on historical fact are forward-looking statements. Forward-looking statements can generally be identified by the use of forward-looking terms such as “believe,” “expect,” “may,” “will,” “should,” “could,” “seek,” “intend,” “plan,” “estimate,” “anticipate” or other comparable terms. While management has based any forward-looking statements on its current expectations, the information on which such expectations are 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 management's discussion and analysis of financial condition and results of operations sections of our most recent annual report on Form 10-K and any subsequent quarterly reports on Form 10-Q. 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 hereof. 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. In this document, we present management estimates of the total addressable markets for our products that are based on studies, publications, surveys, and other data prepared by third-party sources that we believe to be reliable and that are customarily relied upon by companies in our industry. Such estimates reflect the belief of our management as of the date of this presentation. However, we have not independently verified and make no representation as to the adequacy, fairness, accuracy, or completeness of such third-party studies, publications, surveys, and other data. This presentation includes certain financial measures not presented in accordance with generally accepted accounting principles in the United States ("GAAP"), which are used by management in making operating decisions, allocating financial resources, and internal planning, and forecasting, and for business strategy purposes, have certain limitations, and should not be construed as alternatives to financial measures determined in accordance with GAAP. The non-GAAP measures as defined by us may not be comparable to similar non-GAAP measures presented by other companies. Presentation of such measures, which may include adjustments to exclude unusual or non-recurring items, should not be construed as an inference that our future results will be unaffected by other unusual or non-recurring items. A reconciliation is provided elsewhere in this presentation for each non-GAAP financial measure to the most directly comparable financial measure stated in accordance with GAAP. © Copyright 2025 Energous Corporation, Energous®, the Energous logo, WattUp®, Energous Wireless Power Solutions, Unleash Your Power® and other designated brands included herein are trademarks of Energous in the United States and other countries. All other trademarks are property of their respective owners.
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Supply Chain Blind Spots Are Costing Companies Billions • Poor inventory management and lack of visibility for online retailers could lead to financial losses amounting to $300 Billion* dollars annually for US retailers. - Estimated average of 3% of packages don’t reach customers on time - Value of a missing, damaged, or lost package is worth 6X the cost of the package itself • Cold chain applications are causing financial losses amounting to $46.7 Billion* dollars annually due to retailers’ lack of visibility in managing temperature-sensitive products. • The World Health Organization (WHO) reports that up to 50% of vaccines* are wasted globally every day due to lack of visibility in temperature control, caused by logistics issues. * Coresiight Research https://coresight.com/ United Nations. “Sustainable Cold Chain and Food Loss Reduction,” November 2019. WHO report https://iris.who.int/bitstream/handle/10665/68463/WHO_VB_03.18.Rev.1_eng.pdf?sequence=1&isAllowed=y
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What if… COST Proactive supply chain management to fix problems before they get expensive Identify operational inefficiencies and apply corrective actions on the fly VISIBILITY “Always On” monitoring via laptop or mobile device DATA Facilitate data and alerts to detect and resolve problems when they happen PEOPLE Increase visibility and redeploy people to higher value tasks you could have a constant pulse on your supply chain—24/7/365
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What if… COST Reduce infrastructure cost by eliminating batteries, cables, and wires Reduce maintenance costs by eliminating batteries, and minimizing operational support and services FLEXIBILITY No wires or cables enables an optimized supply chain infrastructure DATA Streamlined data enables real-time supply chain visibility PEOPLE Less manual intervention and more automation you could reduce operational costs while increasing automation
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Our transmitters are the backbone of WPNs Energous is the Answer Pioneering scalable, over-the-air (OTA) wireless power networks (WPNs) that enable unprecedented levels of visibility, control, and intelligent business automation • Delivering always on, automated energy flow that optimizes IoT device performance • Acting as data links for IoT devices, enabling them to efficiently communicate valuable data and insights back to the cloud
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Reduce costs, eliminate e-waste, and expand the scope of innovation Unparalleled mobility and flexibility for more efficient and adaptive operations Streamline data management, enabling seamless communication Higher levels of automation enabling less manual intervention Transforming Supply Chain Management Enabling a new generation of battery-free IoT devices for asset and inventory tracking and management
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Energizing a Smart, Real-time Asset Journey Create Digital Asset ID Asset Delivery Asset Stocked Asset Loading HumidityPressure TemperatureLocation Safety-certified Energous-powered WPNs offer unparalleled wireless charging and data transmission at a distance Real-time monitoring for multiple IoT device functionality Asset Transportation
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Energizing a Smart, Real-time Asset Journey Create Digital Asset ID Asset Delivery Asset Stocked Asset Loading HumidityPressure TemperatureLocation Asset Transportation Sustainability Eliminating the need for toxic, disposable batteries for IoT devices
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Enabling a Battery-free World • Batteries of all types contain chemicals* - Chemicals leach into groundwater and soil • Energous WPN solutions enable IoT devices to operate efficiently without batteries - Minimize resource extraction - Lower carbon footprints • Energous is committed to creating a cleaner, more sustainable future - Enabling universal over-the-air wireless power grids for all IoT devices - Reducing electronic waste and the environmental impact of battery disposal *https://archive.epa.gov/epawaste/hazard/web/pdf/battery.pdf
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Energous Dashboard Providing Actionable Real-time Data Energous Cloud platform delivers real-time insights via easy-to-use app or desktop browser • Asset temperature and humidity • Accurate asset location • Validation from origin to last mile LOCATION Temperature above 37° EVENT DRIVEN 50% 25% 25% ● GEO ● LOCATION ● TEMP TEMPERATURE HUMIDITYTEMPERATURE
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Customizable for wide range of use cases and geographies Global Regulatory Certifications 114+ countries Industry-leading Safety Standards: RF | EMC | health | safety standards Strong Patent Portfolio 250+ patents Disrupting the Enterprise Energous wireless power solutions are changing the way businesses operate
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Competitive Advantage Features Energous Competition Benefits High Output Power Delivery 8W <2W Higher Levels of Asset Visibility Enterprise Grade Weather-proof, Robust Form Factor High Asset Visibility Up to 99% Low 80’s% Minimizes Product Loss / Diversion Proprietary Semiconductor Technology Strong Patent Portfolio Global Regulatory Certification Safe Operation
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Market Opportunity: Powering Ambient IoT * https://www.bluetooth.com/2023-market-update/ https://www.marketsandmarkets.com/Market-Reports/rfid-market-446.html https://www.marketsandmarkets.com/Market-Reports/sensors-iot-market-26520972.html Ambient IoT harvests energy from the environment to connect and automate devices Enabling a new class of battery-less sensors and RF tags powered by Energous RF Tags A new class of very low-cost tag is enabling a new category of asset tracking solutions to significantly improve supply chain TAM $15.8B* IoT Sensors Bluetooth Sensor technology will soon add higher-accuracy distance and more accurate measurement to a new class of IoT devices TAM $16B* TRILLIONS OF AMBIENT IOT UNITS* EXPECTED 3-YEAR MARKET GROWTH
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ENERGOUS VS LEGACY SOLUTIONS Energous Active RFID Passive RFID UWB Battery-Free Tags/Sensors Yes No Yes No Handheld Devices Required No Yes Yes No Continuous Coverage Yes Yes No Yes Low-cost solution Low High High High Labor-free Yes Yes No No Long-Range Yes Yes Yes Yes
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Solving the IoT Problem, Safely • Integrated Silicon, Antennas, Receivers & Transmitters - Custom-designed for optimal energy and data transfer • PowerBridge Wireless Networks - Enable universal over-the-air wireless power grids for all IoT devices • IoT Device Data Management - Streamlines data handling for connected devices. • Smart Power Distribution - Automates energy flow to optimize device performance - Enables tracking and data centric IoT business models • Dedicated software dashboard - Provides real-time monitoring and control over the network.
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Regulatory Certification in World’s Largest Markets U.S. & Canada India China Australia & New Zealand South Korea Japan United Kingdom European Union
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Building a Strong Partner Ecosystem IOT APPLICATIONS REQUIRE MULTIPLE TECHNOLOGY SOLUTIONS TO ENSURE SUCCESSFUL DEPLOYMENTS TECHNOLOGY PARTNERSHIPS SYSTEM INTEGRATORS DISTRIBUTION
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Growing Market Opportunities for IoT TRANSPORTATION AND LOGISTICS DISCRETE MANUFACTURING RETAIL Supply Chain Visibility Inventory Management Asset Tracking & Mgt. Fleet Mgt. & Optimization Cargo Security & Traceability Regulatory Compliance Efficiency & Productivity Asset Tracking & Mgt. Inventory Control & Optimization Work-in-Progress (WIP) Tracking Supply Chain Visibility Quality Control & Traceability Lean Manuf. & JIT Production Maintenance & Asset Perf. Mgt. Operational Efficiency & Productivity Inventory Accuracy & Visibility Omni-Channel Retailing Loss Prevention & Security Customer Experience Efficient Operations & Labor Mgt. Supply Chain Optimization Cold Chain Monitoring Temp, Humidity, Timing Compliance Requirements
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Energous Company Journey • Granted 16 new U.S. patents • Multiple orders from Fortune 10 retailer for grocery distribution, transportation & infrastructure optimization • PowerBridge PRO receives FCC approval • Order from Fortune 100 tech company for reverse logistics • PowerBridge PRO wins Mobile Breakthrough Award for IoT Innovation 2024 • PowerBridge PRO wins IoT Connected Retail Innovation of the Year 2025 • Energous founded 2012 • Listed on NASDAQ 2014 • Surpasses 200 patents granted in U.S. 2019 • PowerBridge LITE approved in ANZ, Canada, China & South Korea • Energous-powered WPNs using Wiliot Pixels smart tags deployed at major retail stores in AUS 2022 • Partners with e-peas to advance at-a-distance wireless charging applications • Partners with Wiliot to enable next-gen IoT tag-based monitoring solutions • PowerBridge LITE approved in EU & U.S. 2021 • PowerBridge LITE approved in Japan • Launched PowerBridge PRO • Launch wireless sensors for industrial IoT applications with InPlay • Developed real-time asset tracking solutions for industrial, logistics, and retail IoT applications with Veea 2023 • Launched PowerBridge PRO+ • Launched PowerBridge MOD
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Investment Highlights • Robust 250+ patent portfolio & regulatory-approved silicon, modules, transmitters, and receivers • Focused on rapidly expanding Asset/Smart RF Tags, ESL, and IoT Sensors markets and applications • Transforming supply chain management with WPN solutions that deliver 24/7/365 visibility • $650.5B TAM in 2026 and growing at 16.7% CAGR* • Driving revenue growth opportunities through established customer & partner relationships and production-ready IoT solutions • Delivering an end-to-end solution for Asset Tracking, Supply Chain, and Manufacturing applications - enabling battery-free and maintenance free operations * https://www.bluetooth.com/2023-market-update/
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FY 2024 Financial Highlights & Non-GAAP Reconciliation GAAP costs and expenses $18.42M • Depreciation and amortization ($0.19M) • Stock-based compensation ($0.66M) • Severance expense ($1.38M) Non-GAAP costs and expenses $16.19M FY 2024 FINANCIALS $0.8M REVENUE • GAAP net loss of $18.4 million • (or $2.57 loss per basic and diluted share) NON-GAAP RECONCILIATION $1.4M NET CASH • as of December 31, 2024 $11.7M NET CASH • as of February 25, 2025
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Q1 2025 Financial Highlights & Non-GAAP Reconciliation GAAP operating expenses $3.7M • Stock-based compensation, Depreciation & Amortization ($0.1M) • Severance expense ($0.4M) • Expenses from abandoned financing transaction ($0.7M) Non-GAAP operating expenses $2.5M Q1 2025 FINANCIALS $0.3M REVENUE • GAAP net loss of $3.4 million • (or $0.12 loss per basic and diluted share) NON-GAAP RECONCILIATION $10.1M NET CASH • as of March 31, 2025
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Energous Leadership Board of Directors DAVID ROBERSON CHAIR OF THE BOARD ZRG Partners, Spansion Corp., Hewlett-Packard J. MICHAEL DODSON DIRECTOR Quantum Corp, Greenwave Systems, Mattson Technology, Inc. RAHUL PATEL DIRECTOR Qualcomm, Broadcom, Samsung Semiconductor MALLORIE BURAK DIRECTOR Energous, Knightscope, Alta Devices Mallorie Burak Chief Executive Officer Chief Financial Officer Giampaolo Marino Senior Vice President Strategy & Business Development Gregory Sadikoff Vice President Finance Lisa Tamura Senior Director Human Resources Alister Hoss Vice President Technology and Engineering
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THANK YOU