Symbol 'TSI' on Montreal, approx 9.8M shares out
TSI is one of the most unique and the best hidden
tech success stories that I have come across in a
long time. The company was started in 1994 by group
of NASA engineers headed up by James R. Chesney, a
25 year veteran of NASA who started and ran the
Goddard Microelectronic Systems Branch at NASA. The
private company was vended into a Montreal listed
shell in 1995 and is based in Columbia, Maryland
USA.
Through NASA's technology transfer initiative, TSI
has acquired the ability to commercially manufacture
and market NASA-developed telemetry processing
products and technology. For example, the
development contract NASA awarded to build the EOS
telemetry data acquisition, processing and
distribution system was valued in the hundreds of
million of dollars.
In essence TSI has gained this huge R&D expense for
free as the technology was literally moved from NASA
to TSI. Small companies could never afford this
type of R&D budget and is the likes you would see at
major technology companies and is unprecedented by a
small market cap company like TSI . This is a huge
advantage for TSI over its competitors and recent
sales orders and TSI's customer list are starting to
prove it.
TSIs technology and products are not any part of the
satellites in orbit but have everything to do with
the satellite data when it comes back to earth. TSI
can provide complete solutions, including a
completely integrated ground station package with
receivers, modulators, demodulators and bit
synchronizers. TSIs main technology is it's Gateway
Systems used to process satellite data, but they
also provide software, service and support, a total
solution for their customers.
Satellite communication business is another
technological wave of the future and an opportunity
investors may want to pay attention to. There is
currently over 625 satellites in orbit over the
earth, that took decades to launch, now according to
Frost & Sullivan World Satellite Market Report, 250
Remote Sensing satellites alone, plus many more
other types will be launched in the next 7 years.
The market for remotely sensed (RS) data is
projected to be over $2billion by the year 2000.
There are currently over 15 commercial RS programs
currently under development, representing billions
of dollars of investment.
TSIs sales revenue and orders are growing at high
double and triple digit rates on a year over year,
quarterly basis. Recently 2 additional systems were
ordered by NASA for the ADEOS-II earth observation
satellite and this brings the total to 8 from NASA
and Japan's space agency, NASDA, in support of
ADEOS-II.
Recent customers include Boeing, NEC of Japan,
Harris Corporation, Fujitsu, GEC/Marconi,
Kongsberg/Lockheed Martin Space Data Services,
NASA's Wallops Island facility, Software Technology
Inc. and the European Space Agency (ESA). TSIs
products will also be supporting the International
Space Staion, but perhaps the biggest event has been
the news this December of TSIs 1st contract with the
US Defense Dept. Getting ones foot in the door here
will lead to multiple million$ sales. This will
turn heads in the industry and TSI will begin to get
the recognition they deserve as the technical leader
in this field.
You can find more information on TSI from Struther's
Future Tech Report sentex.net
TSI Web Site- tsi-telsys.com
Chart and Quote
chart.canada-stockwatch.com
|
