The facility will service North and South America clients. They have orders. That's why the spent 1 million to open the manufacturing location.
Sentiment: Strong Buy
According to their web site they are planning on hiring 10 more employees by the end of the year.
(Vision Systems aircraft web site, press page, Bart International May 2014)
What for, I don't know. Maybe to produce demos for upcoming trade shows.
The tenant improvement construction was being done last August for a mid September 2013 move-in.
Maybe they had a baby? I hear that takes nine months too.
Last I heard there were about 9 employees on site full time. Lonely as the Matag repairman.
Research Frontiers (NASDAQ:REFR) Insider Kevin Douglas purchased 53,107 shares of the stock in a transaction dated Tuesday, May 20th. The shares were purchased at an average cost of $5.52 per share, for a total transaction of $293,150.64. The acquisition was disclosed in a document filed with the Securities & Exchange Commission....
Looks like KD accounted for nearly 50% of the 119 K REFR shares traded on Monday and Tuesday. He purchased 47K at $5.50 and 6,107 at $5.65.
Who knows when he'll strike again?
From EBACE 2014:
'Vision Systems' Electronically Dimmable Windows are now available in different colors to tailor
responses to the requirements of the customers.'
Wow, but still no (large) orders.
I suspect that Boeing and Airbus are waiting for GKN to come out with SPD in their CrystalVue windows.
No? Oh well, it would be what is needed in the aerospace sector.
Longs may be shocked to see what the headquarters of Vison Systems looks like.
Check out 5 Chemin de Chiradie - 69530 BRIGNAIS - France on Google maps, and click on street view.
Speaking of view, don't forget that you only get a clear view through SPD windows at a nearly direct angle, so the mention in the PR of the clear view of the ground is misleading unless the plane is banking sharply.
Visions customers better like BLUE windows...it looks like its SPD window is glowing. Maybe their idea is for it to be a BLUE night light when all the windows are tinted.