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The uBeam FAQ
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EEVblog:

--- Quote from: sdpkom on April 08, 2019, 05:24:54 am ---The document you cite includes equity based compensation.
They just published the data for their annual shareholders meeting
https://www.sec.gov/Archives/edgar/data/1575793/000156459019010942/watt-def14a_20190516.htm
Rizzone got $365K cash for 2017, 2018
Johnston got $300K, $340K
Serada got $250K, $307.5K

Total is about $1m-$1.5m for the entire management team. These salaries are reasonable for top management in a public company.

They have 200+ patents and patent applications, take a top notch patent attorney and assume all patents are <4 years age and filed in all OECD countries and you're $35K/patent per year (real numbers are 40% of that, nobody files worldwide, and even top notch attorneys have use lower cost stuff) , that't $7-8m.

--- End quote ---

Then they do actually develop hardware. Heck, at a former company I worked at just our prototype bare PCB's alone cost us the equivalent to several full time engineering staff wages.
sdpkom:

--- Quote from: EEVblog on April 08, 2019, 05:41:38 am ---Then they do actually develop hardware. Heck, at a former company I worked at just our prototype bare PCB's alone cost us the equivalent to several full time engineering staff wages.

--- End quote ---

We know they actually spend money, we don't know they actually develop hardware.
I have not seen any impressive hardware they showed yet, all they demo is big circuits lighting tiny LEDs (or phone cases big enough to include a battery).

I'm still waiting for any of the "wireless power companies" to show a proof they actually deliver enough power (Safely!).

Charge a phone from a receiver that is too small to include a battery (or do it long enough so that I know no battery is inside), get battery percentage to go up.
Or
Operate a device with known power consumption, from a small receiver, over time.
Or
Allow reputable 3rd party testing

All, with the exact same device certified by FCC and all other regulatory bodies.

PaulReynolds:
It seems that uBeam might now hire a third person since their (supposed) $25 million fundraise over 14 months ago. This time, it's a Chief Commercial/Revenue Officer

https://ubeam-inc.workable.com/j/6F65E9E036

uBeam is seeking to hire a Chief Commercial Officer/Chief Revenue Officer. uBeam is the inventor of ultrasonic power-at-a-distance Always-On Wireless EnergyTM, utilizing ultra-safe ultrasonic array technology to deliver reliable, long-range wire-free charging. By developing proprietary transducers, transmitters, receivers, and custom enterprise software, uBeam’s technology delivers usable power to devices ranging from portable electronics, medical, aerospace, automotive, and in particular IoT devices and networks. Significant revenue-generating experience in these fields, coupled with successful B2B licensing experience is essential. Experience in acoustic technology, phased array radar or ultrasound is also highly beneficial.

So "Always-On Wireless Energy" is their new tagline I guess, since it gets a 'TM', although no-one bothered with a superscript. Apparently the technology is not just safe but "ultra-safe" which I'm not sure the definition of but given the emphasis here, they must be feeling a bit of vulnerability on this front. Quite why a C-level "revenue" officer needs to have tech experience but bizarrely they want someone with "significant revenue-generating experience in these fields" and I'm not sure who that could be because quite literally no at-distance wireless power company has ever done that - not Energous, not Ossia, perhaps only PowerCast that actually have a product.

Other notable points in this job ad:

Lots of references to dealing with board members, as well as fundraising. "The CCO/CRO will be required to present to the Board of Directors on a regular basis, and from time to time will be involved in fund-raising activities on behalf of the company.", "Successful experience in fund raising and pitching to investors.", "Have considerable experience presenting at Board of Directors meetings.", and "Ability to efficiently interact with board members."

Aiming for markets outside the US, which on the one hand you can understand because the professed model needs contract manufacturers which are still heavily in China, but given every other country outside the USA definitively has a 115dB or less ultrasound limit (1000x less power than at the professed 145dB), the product is not viable there unless they ignore the law. "Experience in dealing with issues on an international basis: understanding of the North American and European landscape (knowledge of the Asian market would be a plus)."

As far as I know, this is a new position, so not from the Perry era and gives a confirmation to the business strategy the company is taking - B2B licensing, with contract manufacturers, and keep it going long enough to bamboozle for another round of investment.
sdpkom:
Fundraising, presenting to the board of directors, generating revenue......

Sounds like a CEO to me.

Or maybe, someone to take the blame for failiure....

"Mr X failed at generating revenue.... you met him remember, its that stupid guy who tried to convince us to go to Japan last board.....lets fire him (instead of the CEO)...."

Kean:
CSG: Chief Scapegoat
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