Is anybody interested in sharing info on Pelorus Navigation? They are a small electronics company that produces the ground component of the GPS landing system that is the leading one for adoption at about 10,000 airports world. Their units sell for about $300,000, so there is a potential market of about $3 billion to be served in, say the next 10 years. If they get even a third of the sales they will do exceedingly well! Their website is "http://www.pelorus.ca". The stock sells at about $6 these days while we await certification by the FAA at Newark and Minneapolis. They have a partnership with Honeywell, who provide the airborne side equipment. The stock will surge on the announcement of FAA certification.
Wayne Grennan |
