Once again we leave the commodities scene to focus on three very different companies all at different stages of their development – TyraTech, Telit Communications and Cinpart.
The presentations will start at 6:00pm and finish at 7:30pm at the Chesterfield Mayfair, London on the 26th May 2009. After the presentations are complete the directors will also be available to take questions during a free canapé and wine reception. To attend, click here.
Our three companies presenting can all be loosely classified ‘technology’ companies, but in reality the most common trait all three share is they all generate revenues.
Telit Communications (AIM: TCM) operates in the fast expanding market of wireless communications. This company is no early stage technology company; rather it has a substantial portfolio of products serving the wireless machine to machine communications market. Revenues in the last financial year were €60 million. This year they are forecast to rise to €80 million, and rise again in the following year to €100 million.
TyraTech (AIM: TYR) is well established too, having spent years developing its insecticide and parasiticide products. The key advantage is a pesticide completely benign to vertebrates, which vastly increases the potential applications for its products. Revenues are already in place, but are set to significantly expand as its products are rolled out by its very large partners, including Terminix, the largest pest control company in the world.
Cinpart (AIM: CINP) operates in the world of electrical components and power optimising. The company has traditionally been focused on selling various components that are used in the manufacturing of gas appliances, but recently the company acquired a 65% in Active Energy – and this is where the future potential lies. Active Energy manufactures transformers that better control and optismise the voltage entering a building. By optimising the voltage, a business can reap significant savings on its electricity bill and increase the life power consuming fixtures, like light bulbs, for example. This is a sector that is heating up rapidly as the UK and Europe continue to push industry to become more energy efficient.