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Posts Tagged ‘Nighthawk Systems Inc.’

Double Platinum Green Building in Michigan

 

 

Did you know that the lion’s share of the world’s CO2 emissions come from buildings?  

This phenomenon is even more prevalent in the U.S. than in the rest of the world. Supporting this statement, research indicates that American buildings contribute 38% of the country’s total CO2 emissions.

This percentage even surpasses that of both the transportation and industrial sectors and could grow larger over the next 7 years since the U.S. is expected to add another 15 million buildings to its already cluttered landscape.

The construction of Green buildings is also projected to increase over the next 7 years as the concept gains widespread acceptance and more and more company’s benefit from the technological and performance related improvements they facilitate.

Double Platinum Like Lil Wayne

The double platinum green building award was given to the The Lansing, Michigan-based Christman building, which was originally built in 1928. The project took a lot of consideration and effort to meet both external and internal LEED criteria and obtain the double platinum rating while maintaining its historical certification.

How’d They Do It?

The Christman building has under-floor air distribution which provides 200-300% more ventilation than typical systems. In addition, the building is furnished with several other energy efficient features including a white roof with 6” of extra insulation and dim exterior lighting. This was all accomplished by reusing over 90% of the original structure, cutting the cost of material and waste produced.

One Platinum certification by any standard is extremely commendable,” says D. Brooke Smith, project manager for the rehab. She went on to comment Dual Platinum certifications in conjunction with the same project are unprecedented. Dual Platinum certifications in the context of a historic preservation project involving historic tax credits are almost unimaginable. Yet, through the collaborative efforts of SmithGroup and The Christman Company, this is exactly what the project team accomplished.”

More on the Building:

The building is located downtown and entices workers and visitors to use public transportation. The added showers and locker rooms encourage walking and biking to work (wouldn’t that be a nice touch and incentive to have in every office?). In addition, the Christman facility became 32% more energy efficient by installing Green lighting technologies

Equipping nearly every room in the building with windows was a key contributing factor to the drastic reduction in lighting usage. The addition of sensors, timers, task lighting and Energy Star office equipment also significantly helped the cause. Furthermore, as a baseline energy control mechanism, the building is equipped with a computerized system that monitors and controls the electricity and gas usage as well as atmospheric conditions in and outside.

As the green movement gains clean steam, one company in our portfolio poised to benefit greatly from increased future green building construction in the U.S. is Nighthawk Systems (OTCBB: NIHK). NIHK engages in the design and manufacture of wireless power control products that are a perfect fit for any green building.

The Hawk’s remote control product line provides the user with complete control over energy usage even when they are on the other side of the world. Ultimately, this results in reduced energy costs and consumption. Two obvious goals of
any green building.


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Nighthawk Sets Record With Recent Purchase Order

 

One of our old favorites, Nighthawk Systems Inc. (OTCBB: NIHK) continues to push forward with publicly stated plans to significantly increase revenues during 2008 and recently announced the largest order ever for its bread & butter remote disconnect units.

During the 2nd week of July, NIHK announced an order for 1,000 of its CEO700 remote disconnect units from Avista Corp. (NYSE: AVA) (“Avista”) of Spokane, Washington. This marked the third order from the utility which generates annual revenues of more than $1.3 billion and provides electric and natural gas service to approximately 633,000 customers .

For those of you not overly familiar with Nighthawk, the company historically provided remote disconnect hardware that in a nutshell allows for the wireless connect and disconnect of virtually any electronic hardware. From electricity meters to hard drives, NIHK’s solutions, namely its CEO700 allowed the company to blossom from annual revenues of $529K in 2005 to roughly $1.7M in ’07 with aspirations to hit the $8M mark in 2008.

The reason for the aggressive outlook in 2008 is that NIHK recently acquired an IPTV set-top box business. For a point of reference, although I personally feel that the outlook may be just a tad on the optimistic side; Analysts are envisioning a market that will house 50 million subscribers by ‘09 and be worth nearly $40 billion by ‘10.

Either way, we’re currently looking at a very lucrative, yet fragmented market with no dominant supplier. Even if NIHK can just take a small chunk of the IPTV space, which it appears to be doing through initial contracts with leading hospitality technology providers, that coupled with its thriving utility business creates a very exciting situation going forward. Particularly for people like myself that have been watching the company closely for the past 3 years.


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.


Weekend Edition: Three Big Announcements in Just One Week!

 

In today’s turbulent and uncertain financial marketplace, positive corporate announcements have become less and less frequent as of late. This was simply not the case for our portfolio this week however. Legacy Holding Inc. (OTCPK: LGYH), Nighthawk Systems Inc. (OTCBB: NIHK), and Execute Sports Inc. (OTCBB: EXCS) are all out with news that could legitimately transform their respective businesses.

Legacy Holding Inc. continues to impress. Shares are up over 100% since our 2/8 profile as the stock charges upwards. This week, the company is in the news regarding a purchase order from Tyco International, Ltd for one of their HF: DryZone(tm) wetstations. In lamans terms, the wetstations are fully-automated chambers that handle the cleaning of semiconductor wafers. For the record, wafer cleaning is a $40B-plus industry and Legacy’s products are proven to help manufacturers save money, time, and become much more environmentally friendly.

The company is run by Robert Matthews, a chemist possessing nearly 30 years of industry experience with time spent as a process engineer at Texas Instruments (TXN NYSE) and Intel Corp. LGYH has business relationships in place with the likes of Tyco, Micrel Systems, and Silicon Genesis, the largest semiconductor equipment manufacturer and the largest solder bump deposition manufacturer worldwide. How many companies on the Pink Sheet exchange can say that? With plans to uplist soon to the OTCBB and interest growing amongst tier-one semiconductor-related organizations, LGYH is showing a great deal of promise heading into March.

Nighthawk Systems Inc. (OTCBB: NIHK) made a massive announcement yesterday which I expected to have a bit stronger impact on the market. The company went public with expectations that its newly-acquired set-top box business will yield $8M in 2008 revenues. NIHK also noted receiving a follow-up, 1,500 set-top box order from a leading hospitality technology provider. With revenues for the trailing 9 months less than $1M, an $8M influx would have massive positive implications on NIHK’s market value. Don’t forget as well that the company’s remote control business unit is one fire too. Definitely one to watch in 2008.

Execute Sports Inc. (OTCBB: EXCS) is making progress in its quest to become a successful water sports conglomerate. The company’s recent acquired Sugar Sand boat business has notched more than $3M in sales since December. Management stated a few months ago that 2008 revenues are on track to reach $10M and if these type of announcements continue to hit the presses, they just might. Similar to NIHK, EXCS’s historical business (water sports gear) has never been better and is complemented nicely by a recently acquired subsidiary. As we have mentioned time and time again, Execute products are gaining increasingly improved brand recognition and sales appear to be trending in the right direction.

So there you have it, three emerging growth opportunities that have made major announcement recently to which the market does not appear to have priced into shares yet. In my opinion folks, it is time to sharpen the pencil, read the news and filings, and start thinking about where these deals fit into your small cap portfolio. Have a great weekend, everybody.


NIHK Out With Major News Today!

 

Nighthawk Systems Inc. (OTCBB: NIHK) is out with major news today.

The company recently received a 1,500 set-top box order and expects 2008 set-top box sales to surpass $8,000,000. For a company that logged less that $1M in revenues during the first three quarters of 2007, that figure is nothing to scoff at.

The order is from one of the world’s largest hospitality broadband service providers and is a follow-up to a previously announced order for 4,200 units that NIHK has been shipping on for the past few months.

With the company’s traditional remote disconnect business growing like never before and set-top box revenues expected in the $8M range for 2008, we could be looking at a seriously undervalued company here in the near future if everything goes as planned for management

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