Unless they are beamforming, which is highly unprobable, I think you're right.
1: http://www.npr.org/2011/08/23/139854129/young-entrepreneur-h...
That said, the tech just to locate the phones in space to allow the beamforming would be a significant accomplishment itself. But forming the beam or multiple beams to charge multiple devices is probably quite feasible.
If you can also make a reasonable initial guess of it's location (to within a few degrees) you could narrow down the guess and check search area considerably.