By Faith Ashmore, Benzinga
Wireless power technology has gained momentum recently, with the development of wireless charging pads and other devices. The market for wireless power is projected to grow significantly in the coming years, with the increasing demand for more connected mobile devices and the need for convenient charging solutions. The global wireless charging market is projected by some estimates to exceed $63.7 billion by 2032, with a projected CAGR of 24.2% from 2023 to 2032.
While wireless power technologies have made significant strides in recent years, there are still debates over technical issues that should or shouldnt be addressed. One of the main issues is the efficiency of wireless power transfer, which is lower than wired charging. This can result in longer charging times and energy loss during the transfer of wireless power. Some critics have also brought up concerns about the safety of wireless charging, particularly with regard to the potential health effects of exposure to electromagnetic fields.
Hampton, Virginia-based WiGL is working to solve these issues with its networks of transmitters to power or recharge the Internet of Things (IoT). Similarly to how WiFi gets you wireless internet, WiGL gets you wireless power. Although the technology like AI is still developing, the company is at the forefront of the energy conversation, creating systems to create, transmit, and store energy. And with over 4, multi-year contracts with the United States Department of Defense, WiGL appears to be headed in the right direction. Under these contracts, WiGL is using Federal Communications Commission-approved transmitters to address safety concerns and smart power management to address efficiency.
But being cutting-edge requires cutting-edge thought and vision. So WiGL ran an interesting simulation on ChatGPT that asked what Elon Musk, Nikola Tesla and Thomas Edison would say about 100% touchless Wireless Power Transfer (tWPT) in the coming years. As it turned out, the AI simulation weighed favorably on WiGLs tWPT technologies. As the IoT evolves, technologies that make peoples life easier and more accessible will be at the forefront of the conversation. WiGL seems well-positioned to be a leader in the creation – transmission – storage of power industries and their patented technologies continue to catch the attention of the United States Department of Defense.
The company reports that compared to its closest competitors and partners Energous (NASDAQ: WATT) and Huawei WiGL feels its patented technologies have far superior long-distance applications. WiGLs technologies work just like traditional WiFi. Similar to how WiFi works, WiGL-enabled networks of transmitters use the same raw radio frequency as noise. But WiGL uses that noise to charge IoT devices, including cell phones. This technology could allow people to be truly mobile.
Investors currently have a chance to invest in WiGL the company is currently hosting its 3rd raise on StartEngine. The company was the first Reg CF on StartEngine to hit the $5M cap, and with its team of industry leaders, it will be interesting to see how the company evolves following this next raise.
WiGL is the umbrella technology creating the future for smart, touchless, networked wireless power. WiGL, (pronounced wiggle), is bringing new technologies developed for the Department of Defense to make everyones life more convenient .. by creating a network of targeted energy to power or recharge the Internet of Things (IoT). WiFi gets you wireless internet, WiGL gets you wireless power.
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This Reg. A+ offering (bit.ly/3vTfufH) is made available through StartEngine Primary, LLC, member FINRA/SIPC. Please read the Risk Factors (bit.ly/367hpCM) disclosure before investing. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment. In addition, as described in the Offering Circular, the Company retains the right to continue the offering beyond the Termination Date, in its sole discretion.
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