Small Cap Strategist is published by Crystal Equity Research an independent research resource on small capitalization stocks. Follow along as we discuss the most recent trends in the small-cap sector, investigate interesting companies and pan a few not-so-promising stocks.
Everybody has a ‘dead’
phone story.The day-long marathon of
meetings punctuated by phone calls, mobile apps and texting.Then when your phone is most needed, a low
battery message fills the screen.Even
if you have your phone charger, finding the proverbial needle in a haystack
could be easier than finding an available electric outlet.
Corporation intends to bring an end to ‘dead phone’
stories.The company is using magnetic
resonance technology to wirelessly transfer power to electric devices such as tablets,
laptops, phones and even cars.The
technology is the brainchild of Professor Marin Soljacic and his team of scientists
at the Massachusetts Technology Institute.Soljacic is a member of WiTricity’s board of directors.
Device owners would have two choices:1) automatically replenish rechargeable
batteries using a WiTricity’s wireless power source or 2) go ‘naked’ using a
device without a battery as long as the device is within range of a WiTricity
power source.Either way, the chance to
recharge without a tether solves the two worst problems faced by electric
device owners:being caught without a power
cord and having to wait in line to access a power source.
WiTricity is among a growing list of companies developing
wireless charging technology.Powermat
Technologies Ltd. is among the first to enter the
market.Its solution eliminates the
power cord, but still requires the device to be in proximity to a charging source.A small ring must be inserted into the device
and must come in contact with the mat.Crystal
Equity Research has a Buy rating on Energous,
that is using radio frequency technology or ‘RF harvesting’ as the operative technology
for its WattUp wireless charging
also gives device owners the option to roam about tether-free while charging.The Evatran Group,
Inc. is using inductive power transfer technology for its Plugless electric vehicle charging solution.
WiTricity has been trying to assemble a roster of device
manufacturers and battery producers as allies to penetrate the consumer
market.In February 2015, battery
developer CTEK Sweden AB
announced it was adopting WiTricity’s technology.It is a major win for WiTricity given that CTEK
sells batteries in over seventy-countries around the world.Electronics manufacturer TDK of Japan has
also licensed WiTricity technology and demonstrated wireless charging for
electric vehicles at CEATEC Japan in October 2014.
It is going to take some smart moves to bring WiTricity’s
products to the market place.Professor
Soljacic founded WiTricity.However, he
has prudently stepped out of the executive leadership role. WiTricity’s new chief executive officer is Alex
Gruzen, an alum of several big name technology companies, including Dell, Sony,
Hewlett Packard and Compaq.
Do not expect an initial public offering for this company
for a while.The company is well
fortified with capital from Toyota, Intel, FoxConn and Schlumberger among other
well-healed venture capital sources.That said, the long list of financial backers may have an opportunity to
pick up a few of the scraps.However, the
market for wireless charging appears to be so large, even scraps could be interesting.
Neither the author of
the Small Cap Strategist web log, Crystal Equity Research nor its affiliates
have a beneficial interest in the companies mentioned herein.