Robert McWhirter
Active Control Technology
ACT-X
COMMENT
Mar 11, 2009
Mine safety equipment to locate miners. Just announced a partnership. Some legislation is working to their benefit. Think they will do well over the coming year to year and a half.
Great little company, with a system to keep track of miners. There’s a big safety push to implement this product in mines. Pretty good company. Would like to see more traction in terms of incremental contracts.
They have a system for underground communication in mines. Already being adopted into the massive market. The only company with a system that works. On the verge of become a core position in portfolio. The technology may be mandatory in all mines, which will result in a big move.
Wireless communication communication safety system so a mine always knows where miners are. Some interesting opportunities in China. Coal mine safety is a huge issue. You need a timeframe of more than 1 or 2 years.
Very unique underground communication technology for use in coalmines for locating miners. Recently announced partnership arrangements with Motorola (MOT-N). Also have arrangements with the above ground communication company.
Required for newly required mining safety plan as a supplier. Has doubled and it is difficult to know how much more it will gain. Zero earnings forecast.
New management has refocused the company a little and probably need a little bit of capital to help drive sales going forward in getting the product installed. There is significant demand.