FM Wealth Management News Letter
Last
week was a great week for all of you who took a position in Energous
Corporation (WATT) the developer of WattUp(R)-the award-winning,
wire-free charging technology a stock we suggested the quite a while
back. You’re patience has been rewarded as shares surged on Thursday to
over $32 per share (which is $4 above the $28 strike price we set for
the stock back in May).
The company Tuesday evening issued a press
release after market close saying it won Federal Communications
Commission certification of its “mid-field” transmitter. On Wednesday
the FCC confirmed that it had, indeed, issued the certification.
Causing the stock to rocket up 168% on Wednesday, and another 33% on
Thursday.
The test report included in the Energous application, prepared by Underwriters Laboratory, which is available among the FCC’s exhibits for the matter, describes the measurement of how emissions would be absorbed by the human body at distances of 90 centimeters, or roughly 3 feet, to test for safety. It is this test for safety at a 90-centimeter distance that was given approval by the FCC.
The transmitter, as published in the certification, is 10 watts of conducted power and greater than 100mw of power received into the receiving device.
Which means that the power reviewed by the FCC might be not be enough for a smartphone like an Apple iPhone that is rated at 5 watts or others with fast or quick charging that utilize 7.5 watts of power. It will on the other hand be good enough for the watches produced by Apple and Samsung as well as other wearable gadgets, which generally draw fractions of a watt of power.
If you consider that Energous has always maintained that a full 5 watts of power is not necessary for what it envisions. Their idea is to “top up” your smartphone by charging it more frequently. That way you don’t have to constantly dock the phone, it just charges when in range of a transceiver. Energous believes it is building a system to add another 10% or so more frequently, to perhaps keep you from falling to 20%, instead of building a charger to charge your phone from 20% back to 70%.
The FCC stated that the frequency band in which Energous submitted its application has no specified cap on power. So there’s nothing to stop Energous from producing further tests showing a transmitter operating at higher wattages.
With an average buy price on WATT of $12 dollars and an average sell price of $31.10 that represents an average return to clients of 159% in just less than 7 month. Congratulations to all of you who participated in that one, not a bad way to end 2017.
The test report included in the Energous application, prepared by Underwriters Laboratory, which is available among the FCC’s exhibits for the matter, describes the measurement of how emissions would be absorbed by the human body at distances of 90 centimeters, or roughly 3 feet, to test for safety. It is this test for safety at a 90-centimeter distance that was given approval by the FCC.
The transmitter, as published in the certification, is 10 watts of conducted power and greater than 100mw of power received into the receiving device.
Which means that the power reviewed by the FCC might be not be enough for a smartphone like an Apple iPhone that is rated at 5 watts or others with fast or quick charging that utilize 7.5 watts of power. It will on the other hand be good enough for the watches produced by Apple and Samsung as well as other wearable gadgets, which generally draw fractions of a watt of power.
If you consider that Energous has always maintained that a full 5 watts of power is not necessary for what it envisions. Their idea is to “top up” your smartphone by charging it more frequently. That way you don’t have to constantly dock the phone, it just charges when in range of a transceiver. Energous believes it is building a system to add another 10% or so more frequently, to perhaps keep you from falling to 20%, instead of building a charger to charge your phone from 20% back to 70%.
The FCC stated that the frequency band in which Energous submitted its application has no specified cap on power. So there’s nothing to stop Energous from producing further tests showing a transmitter operating at higher wattages.
With an average buy price on WATT of $12 dollars and an average sell price of $31.10 that represents an average return to clients of 159% in just less than 7 month. Congratulations to all of you who participated in that one, not a bad way to end 2017.
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