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    WATT   US29272C1036


ENERGOUS CORPORATION

(WATT)
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 Delayed Nasdaq - 12/10 04:00:01 pm 1.42 USD   -3.40%

12/09ENERGOUS : Appoints Cesar Johnston as Chief Executive Officer - Form 8-K
PU
12/09ENERGOUS CORP : Change in Directors or Principal Officers, Financial
Statements and Exhibits (form 8-K)
AQ
12/09Energous Appoints Acting CEO Cesar Johnston to Permanent Role
MT

SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 

SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial
PublicationsSector newsMarketScreener Strategies


ENERGOUS APPOINTS CESAR JOHNSTON AS CHIEF EXECUTIVE OFFICER

12/09/2021 | 04:39pm EST



SEND BY MAIL :


Name : First name : From* : To* : (You can enter multiple email addresses
separated by commas) Message : *Required fields

JOHNSTON’S TRANSITION TO PERMANENT LEADERSHIP ROLE AT THE WIRELESS CHARGING
TECHNOLOGY DEVELOPER EFFECTIVE DEC. 6, 2021

Energous Corporation (Nasdaq: WATT), the developer of WattUp® technology, today
announced that Cesar Johnston has been appointed chief executive officer
effective Dec. 6, 2021. Johnston has been with the company for the past seven
years, first serving as chief operating officer and executive vice president of
engineering, and as acting CEO since July 2021.

“Cesar has maintained a focus on execution and business strategy during this
interim period and has guided Energous through an impressive wave of recent
regulatory approvals of our wireless power transfer technology,” said Dan
Fairfax, chairman of the Energous board of directors. “The board was pleased to
appoint Cesar as chief executive officer to lead our march to open up new global
markets for our products and offerings. His deep understanding of RF power and
expertise in the rapidly evolving applications for wireless charging were
critical to our decision to elevate him to full-time CEO. We’re proud to make
this announcement and are looking forward to working with Cesar.”

Johnston’s appointment as CEO follows several recent regulatory approvals for
Energous’ WattUp wireless power transfer technology, including the first
regulatory approval of Energous’ 1W WattUp PowerBridge transmitter in Asia for
RF-based power transfer at any distance, U.S. Federal Communications Commission
(FCC) approval for 10W of wireless power transfer up to one meter and U.S. and
European regulatory approval for both Energous’ WattUp PowerHub and the 1W
WattUp PowerBridge. These developments are expected to open new market
opportunities for Energous’ wireless charging technology across the globe.

“Energous is the leader in RF wireless power networks, and I look forward to
working with the board and our entire team to achieve the company’s full
business and technology potential,” Johnston said. “With a strong focus on
applications that support distance transmission for IoT wireless power networks
and with the momentum our business has headed into 2022, we’re excited about
what’s to come.”

Johnston brings to the CEO role over 25 years of experience in the RF wireless
connectivity and RF wireless charging business. He held senior engineering roles
at Marvell and Broadcom before joining Energous in 2014, where he has been
responsible for the company's management, technical direction, and pioneering
research and development to produce Energous’ state-of-the-art RF-based wireless
power transfer technologies. He holds bachelor’s and master’s degrees in
electrical engineering from New York University’s Tandon School of Engineering
and a certificate of business excellence (COBE) from the University of
California, Berkeley.

About Energous Corporation

Energous Corporation (Nasdaq: WATT) is the Wireless Power Network global leader.
Its award-winning WattUp® solution is the only technology that supports both
contact and distance charging through a fully compatible ecosystem. Built atop
fast, efficient, and highly scalable RF-based charging technology, WattUp is
positioned to offer improvements over older, first-generation coil-based
charging technologies in power, efficiency, foreign device detection, freedom of
movement and overall cost for industrial and retail IoT, smart homes, smart
cities and medical devices. Energous develops silicon-based wireless power
transfer (WPT) technologies and customizable reference designs, and provides
worldwide regulatory assistance, a reliable supply chain, quality assurance, and
sales and technical support to global customers. The company received the
world’s first FCC Part 18 certification for at-a-distance wireless charging and
has been awarded over 200 patents for its WattUp wireless charging technology
to-date.

Safe Harbor Statement

This press release contains “forward-looking statements” within the meaning of
the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as
amended, and the safe-harbor provisions of the Private Securities Litigation
Reform Act of 1995. All statements other than statements of historical fact
included in this press release are forward-looking statements. Forward-looking
statements may describe our future plans and expectations and are based on the
current beliefs, expectations and assumptions of Energous. These statements
generally use terms such as “believe,” “expect,” “may,” “will,” “should,”
“could,” “seek,” “intend,” “plan,” “estimate,” “anticipate” or other similar
terms. Examples of our forward-looking statements in this release include, but
are not limited to, our statements about the future of the global wireless
charging industry, statements about our technology and its expected
functionality, statements about any governmental approvals we may need to
operate our business, statements with respect to the potential total addressable
market for our current technologies and future products and statements with
respect to expected company growth. Factors that could cause actual results to
differ from current expectations include: uncertain timing of any necessary
regulatory approvals; timing of customer product development and market success
of customer products; our dependence on distribution partners; and intense
industry competition. We urge you to consider those factors, together with the
other risks and uncertainties described in our most recent annual report on Form
10-K as filed with the Securities and Exchange Commission (SEC), any
subsequently filed quarterly reports on Form 10-Q, as well as any other
documents that may have been subsequently filed by Energous, from time to time,
with the SEC, in evaluating our forward-looking statements. In addition, any
forward-looking statements represent Energous’ views only as of the date of this
release and should not be relied upon as representing its views as of any
subsequent date. Energous does not assume any obligation to update any
forward-looking statements unless required by law.







View source version on businesswire.com:
https://www.businesswire.com/news/home/20211209006072/en/


© Business Wire 2021






All news about ENERGOUS CORPORATION

12/09ENERGOUS : Appoints Cesar Johnston as Chief Executive Officer - Form 8-K
PU
12/09ENERGOUS CORP : Change in Directors or Principal Officers, Financial
Statements and Exhibi..
AQ
12/09Energous Appoints Acting CEO Cesar Johnston to Permanent Role
MT
12/09Energous Appoints Cesar Johnston as Chief Executive Officer
BU
12/09Energous Appoints Cesar Johnston as Chief Executive Officer
CI
12/07Energous Gets Regulatory Approval in India to Sell Over-The-Air Power
Chargers
MT
12/07Energous WattUp PowerBridge Receives Its First Regulatory Approval in Asia
for Unlimite..
BU
12/07Energous Corporation's WattUp PowerBridge Receives Its Regulatory Approval
in Asia for ..
CI
12/02Energous Latest FCC Certification Nearly Doubles the Power That Can Now Be
Transmitted ..
AQ
12/01Energous's WattUp PowerHub Granted FCC Equipment Authorization; Shares
Climb Pre-Bell
MT

More news

Analyst Recommendations on ENERGOUS CORPORATION

05/13ENERGOUS : Roth Capital Adjusts Price Target on Energous to $5 From $7,
Maintains Buy Rati..
MT

More recommendations


Financials (USD)

Sales 2021 1,03 M - - Net income 2021 -35,9 M - - Net Debt 2021 - - - P/E ratio
2021 -2,45x Yield 2021 -

Capitalization 107 M 107 M - Capi. / Sales 2021 104x Capi. / Sales 2022 9,39x
Nbr of Employees 54 Free-Float 97,7%

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Duration : Auto. 2 months 3 months 6 months 9 months 1 year 2 years 5 years 10
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Technical analysis trends ENERGOUS CORPORATION

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Income Statement Evolution
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Created with Highstock 6.2.0Million USDSalesNet incomeNet
income/Sales2018201920202021 (e)2022 (e)2023
(e)-60-3003060-18000%-12000%-6000%0%6000%©marketscreener.com - S&P Global Market
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Consensus
Sell

Buy
Mean consensus BUY Number of Analysts 2 Last Close Price 1,42 $ Average target
price 4,50 $ Spread / Average Target 217%

Consensus

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Created with Highstock 6.2.0USDEPS 2021EPS 2022EPS 2023Jul '20Jan '21Jul '21Jan
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Managers and Directors

Cesar Johnston Chief Executive Officer, COO & EVP-Engineering William Mannina
CFO, Vice President-Finance & Controller Daniel W. Fairfax Chairman Rahul G.
Patel Independent Director Reynette K. Au Independent Director

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Sector and Competitors

1st jan.Capi. (M$) ENERGOUS CORPORATION-21.11%107

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LTD.68.37%40 885 SUNWODA ELECTRONIC CO.,LTD55.62%12 898 GOTION HIGH-TECH
CO.,LTD.53.66%12 086 ECOPRO BM. CO., LTD.205.29%9 613

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