Wireless Electricity: Literal Cord-Cutting
Alex Koyfman

More than 100 years ago, Jules Verne introduced Victorian-era readers to the wonders of science fiction.

He wrote about underwater cities, voyages to the moon, and expeditions into the center of the Earth at a time when few minds had the capacity to grasp the science behind these fantasies.

His stories were so far ahead of their time that they peaked in popularity in the 1960s and 1970s — more than half a century after Verne's death.

For modern sci-fi aficionados, Verne represents the birth, and perhaps even the pinnacle, of the genre.

But what many people don't know is that around the same time that Jules Verne was taking his readers From the Earth to the Moon or Around the World in Eighty Days, there was an equally brilliant engineer who was making technological advancements no less fantastic than Verne's submarines or space capsules.

He was called Nikola Tesla — and his name, forgotten for decades, is today more closely associated with the electric car company or even a long-dead '80s hair metal band than scientific genius.

A futurist and an electrical engineer, Tesla was born in Serbia and came to the U.S. to work for Thomas Edison. He got the job with just a single reference from his mentor, who stated that Tesla was simply "the most gifted man he'd ever met."

He didn't take long to make good on his promise.

Tesla essentially invented the alternating current electric supply system — still the mainstay of modern power delivery.

He patented the AC induction motor and transformer, which George Westinghouse used to build an empire.

He theorized on the possibilities of wireless communication as early as 1893 and was carrying out high-frequency power experiments a full decade before the Wright Brothers first took to the air in Kitty Hawk.

Right Place, Wrong Time

Sadly, his brilliance was simply too far ahead of its time. Ideas like wireless communication and wireless power were so far out of the realm of reality for the Victorian era that Tesla earned the reputation of mad scientist and modern-day alchemist fairly quickly.

Nevertheless, one of his never-to-be ideas ended up getting the attention of the day's most famous venture capitalist and financier: John Pierpont Morgan.

The idea was wireless power delivery — electricity without wires.

Tesla figured he could provide power to an entire continent using just a handful of large, antenna-like structures that filled the air with ambient power for all to use.

Free universal power would have raised the eyebrows of many Gilded-Age millionaires, but J.P. Morgan, who was already one of the richest men of all time, had a greater vision for this magical technology.

And his faith in Tesla carried the project to a pretty impressive level of development.

Morgan invested more than $150,000 in the Wardenclyffe Tower, which used the principles described in Tesla's patent for a "Magnifying Apparatus for transmitting electrical energy" (US Patent # 1,119,732).

That comes close to $4 million in today's dollars. This sort of investment, coming from the Warren Buffett of the day, was not to be taken lightly.

Sadly, the financial panic of 1901 — which was partially blamed on Morgan himself — killed off funding for this highly prospective science experiment.

Tesla's dreams of wireless power died with it, and thanks to some less-than-wise financial and legal decisions, Tesla himself ended up dying in anonymous destitution in 1943.

Fast-Forward 70 Years

While most people forgot Tesla and the work he did modernizing Victorian society, some never forgot his dream.

And today, thanks to the work of a small tech start-up based in California, it's finally becoming a reality.

Are they building giant towers to send free wireless power to everyone in North America?

No, they're not. But they're doing something that's arguably no less innovative.

Take Tesla's idea and scale it down a bit... say, to a device that would fit on your kitchen counter.

Now imagine your cellular phone getting a constant charge as long as it remains within a certain radius of the device.

Whether your phone is in your pocket, your purse, your jacket, or just laying somewhere, wireless electricity will keep it charged without you ever having to remember to plug it in.

And of course, it would work for a variety of other wireless devices like laptops, tablets, or anything that needs regular charging.

No more cords. No need for charging pads or anything like that. This is true wireless energy in your home — and it's completely safe and effective.

So why haven't you heard of this yet? Well, the simple answer is that the technology is still just too new.

New, however, doesn't imply that it's still in the early stages of development. This technology has been proven to work, and it works well enough that a single power-delivery device will service up to 12 devices at once from a distance of up to 15 feet.

Disrupting the Status Quo

Here's where things get interesting for me, though...

This company, which is clearly the vanguard of a new technological trend (one many of us have been patiently awaiting), is still so small that investors who buy now stand to make serious profits as the innovation achieves popular adoption.

At less than $90 million market capitalization, this company is in its late start-up stage — making it a pretty amazing opportunity for the long-sighted investor.

I know you probably want to know more. That was my first instinct when I heard about this amazing company some weeks ago.

Thankfully, you don't need to go all over the Internet to find out just how much potential the technology and the company behind it is bringing to investors.

Nick Hodge recently put together a detailed write-up on this company, covering everything from the technology to the financials — and his conclusion is that this may be one of the biggest movers of 2015. Log in or sign up to Nick Hodge's Early Advantage for further details...

Fortune favors the bold,

Alex Koyfman

Coming to us from an already impressive career as an independent trader and private investor, Alex's specialty is in the often misunderstood but highly profitable development-stage microcap sector. Focusing on young, aggressive, innovative biotech and technology firms from the U.S. and Canada, Alex has built a track record most Wall Street hedge funders would envy. Alex contributes his thoughts and insights regularly to Wealth Daily. To learn more about Alex, click here.

P.S. You only have until March 1 to tune into the eMoneyShow in order to watch Nick Hodge's recent webcast presentation: “Three Stocks for a Resource Turnaround.” Click here to log in and watch.

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