Energous Announces Change of Chief Financial Officer
16 Gennaio 2024 - 11:00PM
Business Wire
Energous Corporation (NASDAQ: WATT), an industry leader in
RF-based wireless power network solutions, announced today that the
board of directors appointed Mallorie Burak as Energous’ Chief
Financial Officer effective January 15, 2024. Susan Kim van-Dongen,
the Company’s prior Interim Chief Financial Officer, stepped down
on January 15, 2024.
Ms. Burak has over 17 years of experience in chief financial
executive roles for private, NASDAQ, and OTCQX-listed technology
companies. Before joining Energous, Ms. Burak served as President
and CFO of Knightscope, Inc., an advanced public safety technology
company, CFO of ThinFilm Electronics ASA, a solid-state lithium
battery start-up, and CFO of Alta Devices, Inc., a GaAs thin-film
solar technology start-up. Ms. Burak’s experience extends to
advisory roles at Locale, SSG Capital Advisors LLC, and SIM-X
Tactical Solutions, as well as President and CFO at FriendFinder
Networks Inc., and CFO positions at Rainmaker Systems, Inc.,
FoodLink, and Vice President, Finance and Acting CFO at Southwall
Technologies.
“We are thrilled to have Mallorie join our leadership team,”
said Cesar Johnston, CEO of Energous. “Mallorie’s extensive
experience as CFO of numerous technology companies, paired with her
strategic vision and deep understanding of technology markets,
makes her the ideal choice to guide our financial strategy as we
continue to innovate and grow.”
On January 15, 2024, Ms. Burak was granted restricted stock
units (“RSUs”) covering a total of 50,000 shares of common stock
under the Energous 2017 Equity Inducement Plan (the “Inducement
Plan”) and RSUs covering a total of 2,000 shares of common stock
under the Energous 2013 Equity Incentive Plan (the “Equity
Incentive Plan”). One-quarter of the RSUs granted shall vest on
each of the first four annual anniversaries of January 15, 2024,
subject to Ms. Burak’s continued employment on each vesting date.
Each RSU is subject to the terms and conditions of the Inducement
Plan or the Equity Incentive Plan, as applicable, and the terms and
conditions of the applicable award agreement covering the RSUs. The
grant was approved by the compensation committee of Energous’ board
of directors. The RSUs were granted as an inducement to Ms. Burak
accepting her appointment as Chief Financial Officer of the
Company, and in accordance with Nasdaq Marketplace Rule
5635(c)(4).
The Company would also like to thank Susan Kim van-Dongen for
serving as Interim Chief Financial Officer and wishes her the best
in her future endeavors.
About Energous Corporation
Energous Corporation (NASDAQ: WATT) has been pioneering wireless
charging over distance technology since 2012. Today, as the global
leader in wireless charging over distance, its networks are safely
and seamlessly powering its customers’ RF-based systems in a
variety of industries, including retail, industrial, healthcare and
more. Its total network solution is designed to support a variety
of applications, including inventory and asset tracking, smart
manufacturing, electronic shelf labels, IoT sensors, digital supply
chain management, inventory management, loss prevention,
patient/people tracking and sustainability initiatives. The number
of industries and applications it serves is rapidly growing as it
works to support the next generation of the IoT ecosystem.
Forward-Looking Statements
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 similar terms. Examples of
forward-looking statements in this release include but are not
limited to statements about the future of the global wireless
charging industry and statements about our technology and its
expected functionality. Factors that could cause actual results to
differ from current expectations include: uncertain timing of
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, and 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 in
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240116909869/en/
Energous Investor Relations Padilla IR
IR@energous.com
Energous Corporate Communications SHIFT Communications
energous@shiftcomm.com
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