I see you also have followed CellLock, In fact I owned CLQ
and upon doing my DD I found sigem and felt it was a far better bet.
Not to knock clq but the cost of getting its system going is far too expensive.
What can SIGEM do
Well FYI it is already doing it-They already do fleet tracking.
Go to the web site and you will see that it has deals with insurance companies already--to track cars--not only that they can be programed to deliver stats re the accident to prevent fraud.
They have Partnerships with Bell mobility...
In fact they tracked Bell Mobiltys Yacht across the atlantic.Not only could one track the boat but could get information such as wind speed---boat speed etc.
Has a deal with Cellemerty to give it a footprint over 95% of USA and 100%Canada.
It is the ONLY GPS company that has a low cost and LOW power unit marketed to the public.
I know a lot of people who will buy on to put on their car..boat...cycle...aunt martha..In fact you can put one in your sons car and have it ping your cell phone when he drives over 100KM You can then go on the net and with your simple browser see where he is.
I can go on and on
DO your own DD
As for Yorkton--who cares. I purchased GPS to hold for years not a few weeks.
Even Yorktons report of Aug18.00 gives PGS a target of $6.00
and that was before the TSE listing.
Just wait for NR;s
PS Yorkton estimates ( a low estimate they admit to ) of
sales in 2002 of 96M net 8M
What is CLQ REV for 2002 and profit
PS Who makes the unit---they have deals with manufactures
including ST Microelectronics STM nys
FINALLY-----
When doing DD always always focus on the Management
Compare the MGT and you will see.
from
canada-invest.com
Tue, Oct. 3, 2000 03:31
By Thien Huynh, Canada-iNvest.com
SiGem (GPS) may be an expert at locating people but it has had trouble tracking down mainstream investors. The wireless location tracking firm recently graduated to the Toronto Stock Exchange and hopes to have the same kind of success as its wireless model, Research in Motion (RIM).
The unsung global positioning systems (GPS) player made its TSE debut under the trading symbol “GPS” on Monday after being listed on the smaller Canadian Dealing Network. The company hopes the move will put it into the investor spotlight and increase trading volume in the stock.
“Our TSE listing demonstrates the enormous growth and recognition that we have received over the last year," stated Herb Woods, SiGEM's President and CEO.
"Our shareholder base and market interest continues to grow rapidly and we expect this to accelerate in conjunction with this successful TSE listing."
SiGem wants more investors to check it out because it feels it has a product worth crowing about. The Kanata, Ontario based firm develops and markets hardware, software and services for the global wireless location tracking industry. Its patented products use GPS and wireless communications technologies for location tracking and messaging.
The company’s ace up the sleeve is its prized ePiNG product, a tracking service that offers applications over private networks and the open Internet. The service has an attention grabbing practical use; ePiNG can be used to track the movements of small children or elderly people with Alzheimer’s disease on a computer screen. The device can also track anything from stolen cars to sail boats and shipments.
The pager-sized ePiNG product has an obvious retail consumer market but it is the business-to-business space that will ultimately dictate SiGem’s revenue success. The transportation and service industries can use them to deploy and track vehicles, assignments and cargo. Security and government agencies can also track people and assets. Telephone companies, ISPs, ASPs can use ePiNG products to expand their service offerings.
The device is expected to sell for US$200 and uses satellite signals to flash over cellular networks and the Internet, then to maps on a computer screen, identifying the tracked person or asset.
John Grandy, an analyst with Yorkton Securities, thinks SiGem’s product should be able to attract more investors as the story hits the Street.
“Hopefully the TSE listing will increase their exposure to some larger investors who don’t like to buy over-the-counter listed stock. The move will probably lead to greater volumes,” says Grandy.
“SiGem has one of the most attractive GPS modules on the market, both in terms of size and power consumption. They have a leading product and there are very few manufactures that have anything comparable.”
According to Grandy, the GPS industry is currently worth US$1 billion. The industry is expected to grow to US$35 billion within five years. Grandy thinks the next crucial step for SiGem is the securing of contracts.
“This is one of the fastest growing markets in the entire wireless industry. The company has a great product and we think it is a stock that people should look at very closely. What we would like to see is some contract announcements. This would validate the revenue estimates that we have for next year. Hopefully we’ll start to see some contract announcements soon,” says Grandy, who has 12-month target price of $6.00 on the stock. SiGem began its new life on the TSE by finishing the day at $4.10.
The company has already scored one major contract and has attached itself to a big reputable name. In late August, SiGem announced an order from GAP in Europe for a customized GPS OEM module and matching low power, high gain antenna. Totaling $2.16 million, the one year contract calls for SiGem to manufacture and supply the GPS engine and antenna used by GAP’s GSM cellular based wireless vehicle management and tracking system.
In addition, SiGem hooked up with Bell Mobility in a minor partnership that resulted in no revenues but provided great gains towards validation. The company provided live web tracking of a Bell Mobility sponsored sailing yacht in the Transat 2000 Transatlantic sailing race. Transat 2000 is an international level transatlantic sailing race from Quebec City to St Malo, France.
The wireless pager component of SiGem’s business has already brought on comparisons to wireless giant RIM. SiGem could be the next wireless market darling with its easy to understand product. The company sees RIM as a model but it still far away from reaching RIM’s lofty revenue numbers.
The company only posted revenues of $1.1 million in 1999. But as of March 1st, 2000, it also had a sales backlog of $10 million. For the second quarter ending August 2nd, 2000, the firm posted a net loss of $828,969 in the quarter, or three cents a share. That compares to a net loss of $540,137 or five cents a share in the same period last year. But it was able to boost its revenues in the quarter from last year's $191,000 figure to $4 million dollars. SiGem has 20.6 million shares outstanding.
Need I say More
Cheers CM |
