Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Energous Corp (WATT): SVP George Holmes Just Bought His First Shares

Energous Corp (NASDAQ:WATT) is a very young company and it has just seen its first ever insider purchase. Today George Holmes, SVP of Sales and Marketing, purchased 602 shares at an average price of $13.74 per share. The total dollar value of the transaction is slightly more than $8250. Stephen Rizzone, President, Chairman, and CEO of the company, met George Holmes at Ortel in 2000. Here is how Holmes introduced himself at the company’s first conference call:

“I began in early 80s in finance and operations before moving into telecom equipment as a sales guy. I started with Telecom Solutions which became Symmetricom. I built a worldwide sales presence and then I moved into some at Level One Communications. I grew sales from $25 million to over $150 million revenue. From there I moved into Optical Components at Ortel, where I joined Steve and we turned that company around and then sold to Lucent in the late 90s.

After the sales to Lucent, I ran North American sales for Lucent microelectronics about 85% of the worldwide revenue. From there I did a number of start-ups, two of which were in the widest power arena, before transitioning into Solar where I ran sales for to the company based in Austin. Before joining teams here in October, most relevant to my career as it relates to this opportunity is my time at Lucent when we built, the early days of the Wi-Fi infrastructure, selling components into that space as well as systems and infrastructure equipment. Additionally, I’ve done two wireless power companies both PowerCast and Pure Energy, which gave me great deal of market knowledge.”

Energous Corp (NASDAQ:WATT) went public at the end of March and raised nearly $25 million. The company has 9.4 million shares outstanding and another 2.7 million warrants and options outstanding. Energous Corp (NASDAQ:WATT)’s Wattup technology is very promising. Here is what Stephen Rizzone said about it:

“With our WattUp technology, this is very active process is going to become passive. Consumers will be charging their devices when they walk into a room, when the devices are in their pockets, on the desks or sitting on front sit of their car. In short, our WattUp technology is going to completely transform the way consumers use electricity. We believe we can affect paradigm change that faster adoption of our technology along the same lines and to the same extent as Wi-Fi.”

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...
X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!