RTTNews | Jun 9, 2021 10:53AM EDT

10:53 Wednesday, June 9, 2021 (RTTNews.com) - Shares of wire-free charging solutions provider Energous Corporation (WATT) are up more than 16% Wednesday morning.

Energous Corporation and Atmosic Technologies today said they have achieved the industry's first interoperability for radio frequency (RF) energy harvesting technology.

The interoperability, that combines Energous' WattUp RF-based wireless charging technology and Atmosic's M3 Series chipset, enables wireless charging up to two meters away for diverse applications in the retail, industrial and consumer markets.

"Atmosic's vision of 'forever battery' life aligns with Energous' vision of wireless charging 2.0 and we're excited to combine our technologies for interoperability to advance at-a-distance charging up to two meters," said Neeraj Sahejpal, senior vice president of marketing and business development of Energous Corporation.

WATT, currently at $3.46, has been trading in the range of $1.71- $7.69 in the last one year.

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