Lonergan Partners is pleased to announce that Dan Fairfax has been named Board Director at Energous. The search was led by Dotty Schaffer.
Dan is the former Senior Vice President and Chief Financial Officer for Brocade Communication Systems, a networking solutions company (“Brocade”) from 2011 until December 2017. Brocade was acquired by Broadcom in November 2017. Dan also served as Brocade’s vice president of Global Service and Support from 2009 until 2011, following Brocade’s acquisition of Foundry Networks, a networking equipment company, where he served as Chief Financial Officer. Prior to joining Foundry Networks, Dan served as the Chief Financial Officer of technology companies, including GoRemote Internet Communications, Ironside Technologies, Inc., Acta Technology, and NeoVista Software. Earlier in his career he held senior financial management and operations positions at Siemens and Spectra-Physics. He began his career as a consultant with the National Telecommunications Practice Group of Ernst & Young. Dan holds a B.A. from Whitman College and a MBA from The University of Chicago Booth School of Business.
Energous Corporation (NASDAQ: WATT) is leading the next generation of wireless charging - wireless charging 2.0 - with its award-winning WattUp® technology, which supports fast, efficient contact-based charging, as well as charging over-the-air. WattUp is a scalable, RF-based wireless charging technology that offers substantial improvements in contact-based charging efficiency, foreign object detection, orientation freedom and thermal performance compared to older, coil-based charging technologies. The technology can be designed into many different sized electronic devices for the home and office, as well as the medical, industrial, retail and automotive industries, and it ensures interoperability across products. As a systems solutions company, Energous develops silicon-based wireless power transfer (WPT) technologies and customizable reference designs. These include innovative silicon chips, antennas and software, for a large variety of applications, such as smartphones, fitness trackers, hearables, medical sensors and more.
We are pleased to welcome Dan Fairfax as the newest member of our board of directors and value his extensive experience and business acumen, working at companies such as Brocade and Foundry Networks. Fairfax joins us at an exciting time for the company as wireless charging 2.0 begins to take hold and we continue to execute upon our mission of bringing true wireless charging 2.0 to market.Stephen R. Rizzone, President and CEO, Director, Energous Corporation
In an industry expected to be worth more than $20 billion by 2023 according to research, I see tremendous market opportunity for Energous with its full spectrum portfolio of products that span silicon chips, antennas, software and a regulatory-approved technology that is mass-production ready. I look forward to contributing to Energous' board discussions, drawing on my technology industry experience to provide strategic counsel as the company progresses in the years ahead.Dan Fairfax, Board Director, Energous Corporation
Dan’s skillset is perfect for a board like Energous. He knows what is needed and when to make sure the right structure is in place for rapid growth. He will be a terrific addition to the Energous board.Dotty Schaffer, Partner, Lonergan Partners