This stock is dead, and has been diluted to nothing. At 4M mc and 0.60/share it is surprising that they haven’t been delisted yet. But why? Why are they still around? What is the future outlook?
They just appointed a new CEO and claim to be working with a fortune 10 company to utilize their wireless charging tech for IoT devices.
Walmart or Amazon for supply chain IoT devices? Apple for AirPods / hearing aid tech? United Healthcare for IoT healthcare devices?
I’m not sure, but either of these applications of the wireless charging tech makes sense.
If Energous can succeed with their wireless charging tech, it could replace processes across many industries and send WATT to much higher prices.