SAN JOSE, CA – December 15, 2014 – Energous Corporation (“Energous”) (WATT), today announced that it has completed its previously announced underwritten public offering of its common stock at a price of $7.00 per share to the public.

Due to the exercise in full of the underwriters’ option to purchase additional shares of common stock, Energous sold a total of 3,285,714 shares of common stock in the offering for aggregate gross proceeds of approximately $23.0 million and received approximately $21.0 million of net proceeds from the offering, after deducting the underwriting discount and estimated expenses of the offering payable by the company. Oppenheimer & Co. Inc. acted as the lead book-running manager and representative of the underwriters. Roth Capital Partners acted as co-book runner and National Securities Corporation acted as co-manager for the offering.

A registration statement relating to these securities was filed with the Securities and Exchange Commission (the “SEC”) and is effective. A preliminary prospectus and a final prospectus relating to the offering have been filed with the SEC. Copies of the preliminary prospectus and final prospectus relating to this offering may be obtained from Oppenheimer & Co. Inc., Attention: Syndicate Prospectus Department, 85 Broad Street, 26th Floor, New York, NY 10004, or by telephone at (212) 667-8563, or by email at EquityProspectus@opco.com, or by accessing the SEC’s website at www.sec.gov.

About Energous Corporation

Energous Corporation is developing WattUp™, a wire-free charging technology that will transform the way people charge and power their electronic devices at home, in the office, in the car and beyond. WattUp is a revolutionary, patent- and trademark-pending solution that delivers intelligent, scalable power via the same radio bands as a Wi-Fi router. WattUp differs from current wireless charging systems in that it delivers meaningful, useable power, at a distance, allowing users to roam while charging. The result is a wire-free experience that saves users from having to remember to plug in their devices or place them on a mat. Energous will initially license WattUp to the wearable and mobile-accessory markets and will expand to other markets such as Wi-Fi routers and smartphones over time. For more information, please visit www.energous.com.

Safe Harbor Statement

This press release 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 and Exchange Act of 1934, as amended, that are intended to be covered by the “safe harbor” created by those sections. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, 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. All statements in this release that are not based on historical fact are “forward looking statements”. Forward-looking statements in this press release include statements regarding the anticipated closing of the offering. While management has based any forward looking statements included in this release on its current expectations, the information on which such expectations were 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 in Management’s Discussion and Analysis of Financial Condition and Results of Operations sections of our recently filed registration statement on Form S-1. 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 made. 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.

Contact:
MZ North America
Matt Hayden
Chairman
Direct: +1-949-259-4986
matt.hayden@mzgroup.us
www.mzgroup.us