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May 05, 2015 8:35 AM ET

Electrical Equipment

Company Overview of WiTricity Corporation

Company Overview

WiTricity Corporation develops wireless electric power components for OEM. It operates as a licensee of wireless electric technology. The company’s solutions are used in direct wireless power, automatic wireless charging, consumer electronics, industrial, transportation, and direct wireless power interconnection applications. WiTricity Corporation has a strategic collaboration with Alps Electric Co. Ltd. The company was founded in 2007 and is based in Watertown, Massachusetts with additional offices in Utah.

149 Grove Street

Watertown, MA 02472

United States

Founded in 2007





Key Executives for WiTricity Corporation

Chief Executive Officer
Age: 51
Co-Founder and Director
Co-Founder and Staff Scientist
Co-Founder and Staff Scientist
Co-Founder and Member of Scientific Advisory Board
Compensation as of Fiscal Year 2014.

WiTricity Corporation Key Developments

WiTricity Corporation Signs Licensing Agreement with CTEK Sweden AB

WiTricity Corporation signed a patent license agreement with CTEK Sweden AB. The licensing agreement will enable CTEK to commercialize WiTricity's patented technology to create performance, wireless charging systems for a battery charging and battery conditioning applications in the transportation and industrial markets.

WiTricity Announces Executive Changes

WiTricity announced that it has named Morris Kesler, Ph.D. as Chief Technology Officer. Kesler, who has served as WiTricity's Vice President of Research and Development, replaces Katie Hall, Ph.D. as WiTricity CTO. Dr. Hall will remain associated with the company as a key technology advisor. In this new role, Kesler will lead the strategic vision for the company's foundational wireless power transfer technology. Part of Kesler's responsibilities will be to ensure that WiTricity stays at the technological vanguard for wireless power transfer over distance via magnetic resonance. Dr. Kesler joined WiTricity in 2007 as Chief Engineer before being named Vice President of Research and Development in 2013. Prior to joining WiTricity, he was a founder of Wide Net Technologies, which developed unique optical communication and sensing systems for both government and industry.

WiTricity Names Donald R. Peck as Chief Financial Officer

WiTricity announced that it has named Donald R. Peck as chief financial officer (CFO). Peck, who brings deep experience in both public and private companies, will join the executive management team and lead WiTricity's finance and accounting operations. Joanne Bryce, WiTricity's current CFO, will remain with the company in a key consulting role. Prior to his role at LoJack, Peck served as executive vice president, chief financial officer and treasurer at Satcon Technology Corporation. He also spent time as executive vice president, chief financial officer and treasurer at Egenera Inc. and The First Marblehead Corporation.

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