Micro-Cap Announces Significant Medical Technology Contract (SOLU.PK)
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By: AllPennyStocks.com
When groups of technology experts team up to make something truly extraordinary,
it bears watching and listening for. Mostly, investors should take heed.
So it was in the middle of December, when California-based Solutions Group Inc.
(Pink Sheets:SOLU) announced it had hooked up with Austin-based CrowleyJones, to
head up a team to study the feasibility of a ground-breaking technology for use
in a new – and to date, unspecified -- medical application.
The contract, which covers the viability of the technology for the specific
application, manufacturability, and probability of U.S. Food and Drug
Administration (FDA) approval, should be finished in the first quarter of 2010.
Upon successful completion of the proof of concept, parties have agreed to terms
of a follow-up contract for the development stage of the product which will
include an equity position for SOLU.
SOLU’s calling is not exclusively health-care related; the company provides what
it calls managed engineering services, boasting economical offshore locations in
Mexico and Romania, to provide “exceptional blended pricing solutions and
reduced product design cycle times.” This Santa Barbara-based company counts
among its clients Fortune 500 companies, as well as middle-development and
early-stage-product companies.
How it gets those clients and keeps them is by developing new hardware and
software products for established large companies or government agencies needing
additional bandwidth and cost savings, as well as well-funded startup companies
that need to reduce time to market for a given product, and avoid upfront
infrastructure costs.
SOLU is enjoying something of a growth spurt during the economic downturn by
leveraging its global infrastructure and expertise, and by supporting a variety
of market sectors, including: semiconductor, cellular, networking, of course,
medical, military/aerospace, industrial and commercial electronics. This is a
company that is not putting all its professional eggs in one basket.
And the CrowleyJones connection is one whose significance is not to be
overlooked. CrowleyJones prides itself in converting an idea into a
commercially-marketable product and then placing that product into distribution
throughout its worldwide network of accounts.
Best news of all for investors, this stock can be had for a bargain. SOLU’s
price scaled the heights at 51 cents early last June, having broken out of a low
of half a cent per share last April. Even the day after news of the CrowleyJones
contract, the stock barely budged in price, staying around a nickel per share.
It could be the best kept secret on the small cap market.
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Disclosure:
AllPennyStocks.com has been compensated twenty two thousand eight hundred
dollars by a third-party, World Market Media for its efforts in presenting the
SOLU profile on its web site and distributing it to its database of subscribers
as well as other services. A full disclaimer on SOLU can be found at: http://www.allpennystocks.com/aps_us/company_spotlights/archives/solu.asp.
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