Home > Press > Opinion: Stock on the Move for Tuesday! January 30, 2007
Stock Market Alerts' performance stock list includes: API Nanotronics, Corp. (OTCBB: APIO), Honeywell (NYSE: HON), Lockheed Martin (NYSE: LMT), Conolog Corporation (NASDAQ: CNLG).
API Nanotronics, Corp. (OTCBB: APIO) is a great stock to put on your radar and watch as Stock Market Alerts initiates coverage of the company. The company, a manufacturer of electronic components and systems for the defence and communications industries, issued a press release Monday after the markets closed, announcing the closing of the acquisition of National Hybrid Inc. and its subsidiary Pace Technology Inc. National Hybrid is a privately held New York-based company specializing in critical components for the US defense sector. API Nanotronics acquired 100% of the shares of National Hybrid for $9.75 million in cash at closing.
Opinion: Stock on the Move for Tuesday! January 30, 2007
MIAMI, FL | Posted on January 30th, 2007
Great news for APIO investors! Phillip DeZwirek, Chairman and CEO of API stated, "This acquisition significantly strengthens API's product offerings and enhances our research and manufacturing capabilities as we embark on our next phase of growth in Nanotechnology. The acquisition also doubles API's revenue and further solidifies the company as a key supplier of critical electronic components to the US Department of Defense (DoD) and leading defense contractors."
National Hybrid's customers include Raytheon, Lockheed Martin, Northrop Grumman the Department of Defense, and many others. The company is in the process of completing an advanced Micro-Electro-Mechanical Systems (MEMS) production and micro-fabrication facility that will house state-of-the-art research and development capabilities in nanotechnology. Upon completion, it is anticipated that the facility will be one of the most modern MEMS micro-fabrication plants in North America.
This is certainly another company for investors to watch closely! Mr. DeZwirek, further stated, "The combination with National Hybrid will allow API Nanotronics to pursue its goal of diversifying into products based on MEMS and nanotechnology. This acquisition makes API Nanotronics a one-stop shop for the most sophisticated design requirements of the leading defense contractors. Current customers have already expressed interest in working with API to develop next-generation products based on its newly acquired MEMS capabilities. We believe this acquisition puts API in a very positive position to achieve our growth objectives."
Recently there have been several press releases issued that should excite its investors. It has been announced that the company will supply a number of products to the U.S. Department of Defense under recently awarded contracts worth over $1.4 million. These new contracts come after receiving a $9 million contract, the company's largest from the U.S. Department of Defense.
In addition, it has been announced that an Analyst Report, Video Road Show and CEO Interview are available from IPOdesktop.com, which has initiating research of the company.
IPOdesktop research report: http://www.gaskinsco.com/linkto-apio.shtml WorldTalkRadio interview: http://www.worldtalkradio.com/archive.asp?aid=8843
Before the news was released, the stock closed Monday at $2.63 a share.
For Stock Market Alert's in-depth profile of API Nanotronics, visit http://www.wallstreettradingalerts.com/APIO012907.html
About Stock Market Alerts, LLC
API Nanotronics Corp. through its wholly owned subsidiaries API Electronics Inc., National Hybrid Inc., Filtran Group, TM Systems and Keytronics, is engaged in the manufacture of electronic components and systems for the defense and communications industries. With a growing list of blue chip customers, including Honeywell/Allied Signal, General Dynamics, Lockheed Martin, and numerous other top technology-based firms around the world, API regularly ships off-the-shelf and custom designed products to clients in more than 34 countries. API owns state-of-the-art manufacturing and technology centers in New York, Connecticut and Ontario, Canada and has manufacturing capabilities in China and a distribution center in Britain.
Other Stocks of interest yesterday were:
Honeywell (NYSE: HON) up 0.2% on 3.8 million shares traded. Honeywell International is a $31 billion diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; and specialty materials.
Lockheed Martin (NYSE: LMT) down 0.6% on 3.1 million shares traded. Lockheed Martin is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.
Conolog Corporation (NASDAQ: CNLG) down 2.5% on 247,000 shares traded. Conolog Corporation is a provider of digital signal processing and digital security solutions to electric utilities worldwide.
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