ADDED
As of March 23, 2026, there were 5,501,099 shares of the registrant s common stock outstanding.
Examples of forward-looking statements include, among others, statements we make regarding expectations with respect to future financings; expectations for revenues, liquidity, cash flows and financial performance; and expectations regarding the release of additional wireless power-enabled products.
Forward-looking statements are neither historical facts nor assurances of future performance.
Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions.
Business Overview We have developed scalable, over-the-air Wireless Power Network ( WPN ) technology that integrates advanced semiconductor chipsets, software controls, hardware designs, and antenna systems to enable radio frequency ( RF )-based charging for ambient Internet of Things ( IoT ) devices, transforming supply chain capabilities from limited tracking to overall business intelligence.
Our WPN technology consists of transmitter systems, receiver integrated circuits, and supporting software designed to deliver power and data to battery-free IoT devices across a range of operating distances and power levels.
These capabilities support applications that require continuous operation without wired power connections or periodic battery replacement.
With a patent portfolio exceeding 300 patents, our solutions support both near-field and at-a-distance wireless power transmission and include advanced receiver technology designed for use across multiple device categories.
Applications include retail sensors, electronic shelf labels ( ESLs ), asset trackers, air quality monitors, motion detectors, and other monitoring solutions.
To date, we have developed and released multiple transmitter and battery-free receiver products.
REMOVED
As of February 26, 2025, there were 30,436,726 shares of the registrant s common stock outstanding.
Examples of forward-looking statements include, among others, statements we make regarding proposed business strategy; market opportunities; regulatory approval; expectations for current and potential business relationships; expectations for revenues, cash flows and financial performance; payment of future dividends; use of our at-the-market ( ATM ) offering program; our liquidity position and capital resources; the impact of certain market risk exposures on our financial condition, results of operations or cash flows; and anticipated results of research and development efforts.
These forward-looking statements are based on our current information and beliefs.
Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are unpredictable and many of which are outside of our control.
Business Overview We have developed a scalable, over-the-air Wireless Power Network ( WPN ) technology that integrates advanced semiconductor chipsets, software controls, hardware designs, and antenna systems to enable radio frequency ( RF )-based charging for Internet of Things ( IoT ) devices.
Our WPN technology provides a comprehensive suite of capabilities designed to power the next generation of wireless energy networks, seamlessly delivering power and data across diverse, battery-free device ecosystems.
This innovation enhances operational visibility, control, and intelligent business automation.
Our solutions support both near-field and at-a-distance wireless charging, supplying power at multiple levels across varying distances.
By enabling continuous wireless power transmission, our transmitter and receiver technologies facilitate the use of battery-free IoT devices, transforming asset and inventory tracking across multiple industries.
Key applications include retail sensors, electronic shelf labels, asset trackers, air quality monitors, motion detectors, and other smart monitoring solutions.