COVID-19 Delays Hearing Aids Using Energous, CEO Says
Wireless charging company Energous had another product delay, said CEO Steve Rizzone on an investor call Wednesday. The company “months ago” previewed the NewSound Primo W hearing aid, which was expected to be in the market now, but factory shutdowns…
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and supply chain issues delayed production. Energous expects to have chip procurements from NewSound by year-end, said Rizzone. The company is looking to its recently announced WattUp PowerHub developer kit to create new revenue opportunities. Q2 revenue was $114,375 vs $47,500 in the year-ago quarter. Energous received $9.2 million in the quarter through a stock offering, it said. The company is now targeting military applications.