Energous Corporation (NASDAQ:WATT) shares surged 17% on Wednesday after the company announced broader deployments with Fortune 10 customers, including expansion into international markets.
The wireless power solutions provider said its first Fortune 10 client is continuing to roll out infrastructure across roughly 4,700 targeted locations in the U.S., with more than 1,500 sites already completed. A second Fortune 10 customer, operating in e-commerce and reverse logistics, has extended its deployment program across additional applications and regions, with over 14 installations completed outside the U.S.
Energous is also progressing multiple proof-of-concept initiatives across sectors such as retail, quick-service restaurants, manufacturing and government. The company noted that several of these projects are structured to scale from pilot stages into wider, multi-site deployments.
CEO and CFO Mallorie Burak said the company is actively supporting customer programs at different stages, ranging from early proof-of-concept testing to full-scale commercial rollouts.
The company highlighted successful performance of its technology in temperature-controlled and refrigerated environments, enabling use in cold-chain settings across foodservice, logistics and supply chain operations. Energous added that it is currently the only provider offering a solution proven to operate efficiently in lower temperature conditions.
To meet rising demand and support customers requiring domestically sourced technology, Energous has partnered with a second U.S.-based contract manufacturer, increasing its production capacity.
The company also said it plans to resume quarterly investor conference calls, starting with its first-quarter 2026 results in May.