Nighthawk Swoops Up Another Major Order
With oil flirting with all-time highs and inflation fears dragging the US Dollar to unprecedented lows while cost of living surges, technological solutions that help conserve both energy and money have never been more so timely.The EIA projects that world energy consumption will rise nearly 60% from 2004 to 2030. During this time, the organization expects global use of petroleum and other liquid to grow from 83 million barrels oil equivalent per day to 118 million.
Demand Grows As Energy Prices Soar
So, clearly the need for solutions such as those offered by company's like Nighthawk Systems (OTCBB: NIHK), that are capable of turning virtually any electronic device off and on, is growing, seemingly by the day.
If the broader trends are not enough to convince you, the company's recent string of contracts should.
Another Record Order
NIHK announced a 485 unit CEO700 order today from the Public Works Commission ("PWC") of Fayetteville, NC. According the release, the order - which is expected to ship in 30 days - represents the largest initial order of CEO700's to date from a new customer
NIHK's 'bread and butter' remote control control business boasts a growing list of 50+ utility customers. After announcing the largest ever CEO700 order just a few months ago, it is very promising to see a record new customer order following along so quickly.
If you already know, the CEO700 gives electric utilities the ability to wirelessly disconnect and reconnect power to residential electric meters from a centralized location, improving customer service response times and saving the utility significant time and money over the traditional manual disconnect method that requires multiple truck rolls and field personnel (run-down courtesy of NIHK). Not a bad value-proposition in today's world. Eh?
2 Thriving Business Segments In 2 Thriving Markets
As I've mentioned in previous editions, NIHK's recently acquired set-top box business is expected to register $8M in 2008 revenues. It appears that NIHK more or less inherited a very positive relationship with a leading hospitality technology solutions provider with its purchase of the business.
Within the next few months, NIHK plans to have shipped about 4,700 set-top box units for the customer and seems optimistic that the orders will keep flowing for the foreseeable future.
All very promising given the fact that the aforementioned contracts alone hitting the books would equate to massive incremental revenue growth for the company. On an annualized basis nonetheless. Moreover, these are revenues from one single customer. The implications here are quite interesting if/when potential set-top box customer #1, #2, etc. emerge.
NIHK is showing more promise today than ever before in the more than two years that MSP has been covering the company. With two thriving business segments making documented success in two thriving markets (IPTV & M2M), we think that Nighthawk Systems Inc. is extremely well- positioned for growth in 2008 and beyond.
Labels: AMR, IPTV, Nighthawk Systems, Nighthawk Systems Inc., NIHK, OTCBB: NIHK
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9:59 AM
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