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Benjamin Padnos

 
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  • Upcoming Secondary Offering By Energous A Signal For Big Upward Move?
    Wed, Nov. 19 WATT 12 Comments

    Summary

    • Energous Corporation, a development-stage company pioneering a wire-free charging technology called WattUp, released its Q3 update on Monday, November 10.
    • The company announced it has 12 Joint Development Agreements and approximately 100 prospective WattUp customers and partners, forming an ecosystem for commercialization that aims to make WattUp ubiquitous.
    • Energous has filed 80 patents and provisional patent applications and is “progressing as planned” with the Federal Communications Commission.
    • The company is planning a secondary offering of its shares in a registered offering “to fully capitalize on (its) first-to-market opportunity."
    • Author is long WATT shares and provides optimistic case that proceeds from secondary will attract strong institutional investors, research coverage, and accelerate the path to ubiquity for WattUp technology.
  • Update: Energous Corp. Announces Joint Development Agreement With Subsidiary Of Haier Group, The World's No. 1 Major Appliance Brand
    Thu, Oct. 30 WATT 12 Comments

    Summary

    • On Monday, Energous Corp. announced a Joint Development Agreement with Haier Wireless, a subsidiary of Haier Group, its 10th JDA partner.
    • Haier Group had $29.5 billion in sales in 2013 and has been Euromonitor International’s #1-ranked Global Major Appliances brands for five consecutive years.
    • Look for additional JDA announcements and updates around progress toward FCC Part 15 and Part 18 approval leading into January's Consumer Electronics Show.
    • Author is long WATT shares and sees significant upside in the short and long term.
  • Irrational Overreaction In Ironclad Performance Wear Shares Creates Compelling Buying Opportunity
    Mon, Sep. 15 ICPW 1 Comment

    Summary

    • Shares of Ironclad Performance Wear plummeted from $0.37 on August 28, 2014, to $0.25 on September 12 when news spread that the CEO and CFO were named in a lawsuit.
    • The lawsuit’s allegations are unrelated to Ironclad and center around contract disputes arising out of the acquisition of Walls Industries by Williamson-Dickie, who is historically known for aggressive business tactics.
    • The civil suit names Walls’s former CEO, along with Jeff Cordes and Bill Aisenberg, who were President/COO and CFO, respectively, along with five other parties, including Walls's private equity investors.
    • Ronald Chez, who owns ~9.2% of Ironclad, filed a 13-D disclosing an email in which he encouraged the Company to “retain an investment banking firm to assist...exploring strategic alternatives".
    • Ironclad shares have been massively and irrationally oversold and investors are encouraged to take advantage of the buying opportunity for this “under-followed gem".
  • Update: Ironclad Performance Wear Q2 Earnings & Private Placement With Insiders
    Wed, Aug. 27 ICPW 2 Comments

    Summary

    • Shares of Ironclad Performance Wear have shot up 50% since coverage on June 4, 2014.
    • On August 6, the Company announced revenues of $4.8 million in its fiscal 2014 second quarter, up 6.6% from the same period last year.
    • On August 25, Ironclad announced it had completed a private placement of common stock to certain officers and directors totaling approximately $610,000.
    • Reiterating price target of $.50 to $.75 in 2015.
  • Why Resonant Could Be The Next Qualcomm Or Skyworks Solutions
       • Tue, Aug. 19 RESN 17 Comments

    Summary

    • Resonant creates innovative filter designs for radio frequency (“RF”) front ends for mobile devices and is pioneering the biggest fundamental change to filter design in more than 80 years.
    • Surging growth in mobile data traffic due to consumer demand for wireless broadband connectivity is creating an unprecedented need for high performance RF front-ends.
    • Resonant's circuit design, which enables front-end manufacturers to make a single filter that can switch between multiple channels, could potentially be included in virtually every mobile device manufactured.
    • With its development agreement with Skyworks advancing, a substantial patent portfolio, and a highly-profitable licensing model, RESN is well-positioned to become a profit machine.
    • RESN is valued at ~$50 million in a space where comparables Qualcomm, ARM Holdings, and Skyworks have market caps of $125 billion, $21 billion, and $10 billion, respectively.
  • Starbucks, Intel Deals Point To Major Gains In Energous As A Wire-Free Charging Future Nears
       • Tue, Jun. 17 WATT 24 Comments

    Summary

    • Two announcements last week -- Starbucks (SBUX) partnering with Duracell Powermat, and Intel (INTC) inking a technology licensing agreement with WiTricity -- pave the way for a wire-free charging future.
    • Energous Corporation (WATT) develops wire-free charging technology that will transform the way people charge and power their electronic devices at home, in the office, in the car and beyond.
    • In May, the Company announced two joint development agreements with large Korean manufacturers, Hanbit Electronics and Dong-Hwa, which validate Energous' technology and licensing strategy.
    • WATT shares, which have doubled since their March IPO, will continue to rise leading into next January's Consumer Electronics Show, where various products incorporating WattUp technology will be demonstrated.
  • An Ideal Play On The Surging Adoption Of Energy Storage: Ideal Power, Inc.
    Tue, Jun. 10 IPWR 11 Comments

    Summary

    • Ideal Power (IPWR) develops and sells power converter solutions for commercial and industrial grid storage, electric vehicle (“EV”) charging, and photovoltaic (“PV”) generation.
    • Ideal’s breakthrough Power Packet Switching Architecture (“PPSA”) technology dramatically improves upon current power conversion technology across metrics including weight, size, cost, efficiency and flexibility.
    • IPWR has 19 issued U.S. patents, one Chinese patent, and pending U.S., foreign and international patents providing protection in the European Union, China, India, Korea, Malaysia, Philippines, Singapore, and Brazil.
    • Early customer wins include Lockheed Martin Corporation (LMT), the U.S. Department of Energy, the National Renewable Energy Laboratory, Coritech Services, Sharp, Powin Energy, Green Charge Networks, and the U.S. Navy.
    • Northland Capital Markets set a price target of $15/share in May 2014.
  • An Ironclad Opportunity With Under-Followed Gem, Ironclad Performance Wear
    Wed, Jun. 4 ICPW 5 Comments

    Summary

    • Founded in 1998, Ironclad Performance Wear is a brand leader in technical, task-specific, performance work gloves.
    • Trading at a valuation of approximately .6 trailing 2013 sales, the stock is severely under-valued.
    • New CEO Jeff Cordes has overhauled the executive team and spearheaded an injection of energy, positioning the company for dramatic growth over the next 24 months.
    • ICPW stock has the potential to triple, or better, as results from the Company’s growth strategies bear fruit.
  • Spin Up Massive Profits In Mobile Payments With Spindle, Inc.
    Feb. 5, 2013 SPDL 4 Comments
  • The Future Is CLIR: Why The Shorts Are Wrong About ClearSign Combustion
    Editors' Pick • Nov. 11, 2012 CLIR 61 Comments