Dialog, Acquired by Renesas, Ends Energous Strategic Pact

Dialog terminated a strategic alliance agreement with Energous, the RF wireless power company said Thursday. Dialog invested $10 million in November 2016 and another $15 million in June 2017 (see 1706290019) and was the exclusive component supplier of Energous’ WattUp technology. Energous had agreed to use Dialog as the exclusive supplier of its wire-free charging technology for specified fields of use, subject to certain exceptions, it said. Both agreed on revenue sharing and to collaborate on commercialization of licensed products with each retaining its intellectual property. Terms of the seven-year agreement will continue through a wind-down ending in September 2024, and exclusivity ended, it said. Renesas acquired Dialog last month for about $5.6 billion. They didn't comment Friday.