Published: February 21, 2006
OTCPro.com Breaking News Alert for Tuesday, Feb. 21, 2006: INSA -- Invisa, Inc. Reports Year End 2005 Information Sales and Units Sold for the Year 2005 Increased by 21% and 34%, Respectively, Over 2004!
OTCPro News Alert for this AM, Stocks to Watch
are: Invisa, Inc. (OTC BB: INSA), Sirius Satellite Radio (NASDAQ: SIRI), XM
Satellite Radio (NASDAQ: XMSR), Apple Computer (NASDAQ: AAPL)
Investors need to be watching Invisa. (OTC BB: INSA) this AM!
Invisa presence-sensing solutions serve the electronic life safety and
security markets. Invisa's proprietary InvisaShield technology is based
upon capacitive sensing and is resistant to known methods of circumvention
without employing infrared, laser, ultrasound or microwave radiation.
InvisaShield can detect intruders who violate a sensing zone ranging from
millimeters up to 1 meter. Invisa's SmartGate® safety system generates an
invisible protective field that moves with and precedes the potentially
hazardous leading edge of powered gates, garage doors, sliding doors and
other powered closures. For information about SmartGate® products or the
patented InvisaShield® Technology, visit http://www.invisa.com or call
941-355-9361. A video of SmartGate in action can be viewed at the company
Web site.
Invisa, Inc. (OTC BB: INSA) today announced that 2005 was our largest unit
sales year to date. Sales and units sold for the year 2005 increased by 21%
and 34%, respectively, over 2004. Our sales from units for the year 2005
totaled $239,285 on 754 units. For the year 2004, such sales totaled
$197,484 on 561 units sold. We also achieved additional penetration into
the valued safety market for our products. This penetration reflects a
growing number of parking gate manufacturers promoting our SmartGate®
brand safety products and integrating our products as original equipment
into their parking gates. We also continued to implement our plans to
launch our first security product in 2006.
Our successes in 2005 support our conviction that our InvisaShield®
technology is highly unique and offers dynamic advantages to a broad range
of potential product applications in a large number of diverse markets. As
our products penetrate the safety market, they demonstrate the commercial
viability and unique features of our InvisaShield technology. We are
particularly excited about our technology's ability to provide dependable
and reliable sensing in virtually any environment and, when required,
around and preceding moving objects.
2005 Highlights
Invisa's progress in 2005 included advancing the goal of making our safety
products a necessary part of the approximately 60,000 parking gates sold
annually, and the estimated one million parking gates currently in service.
Some of these developments are highlighted below. Additionally, we
continued to focus on our longer term goal of extending our success in the
parking gate market into the broader powered barrier market which includes
commercial and residential garage doors, slide and swing gates, automated
doors and elevator doors. Our technology position in these markets was
further strengthened by the addition of a second issued patent which
protects inventions critical to our unique approach to safety.
As we entered 2005, the parking gate industry had not publicly acknowledged
that unprotected parking gates present a significant risk to pedestrians.
Nor had the industry acknowledged that additional safety equipment is
necessary when pedestrians, children, bicyclists or motorcycles are
present. In recent months, two highly respected gate manufacturers became
our OEM customers and began integrating our SmartGate Safety System into
their parking gates. Both of these manufacturers are considered leaders in
technology and safety and we believe that they are leading an emerging
industry-wide safety trend.
In the fourth quarter of 2005, Underwriters Laboratory (UL) completed a
preliminary evaluation of our safety products and indicated support for
Invisa's belief that the industry safety rules should address the
significant risk that parking gates present to pedestrians. UL is
responsible for the technical aspects of the industry safety standard known
as UL Rule 325. While changing industry safety rules are challenging, we
continue to focus our energies in this area as we feel that rules mandating
safety equipment for pedestrians would have an enormous and immediate
impact on our sales. We believe the increased involvement of powered gate
and door manufacturers in the evaluation, promotion and sale of Invisa's
safety technology heralds the coming change in the safety standard.
During 2005, several domestic and international manufacturers of commercial
overhead doors evaluated our safety technology for potential integration
into their door systems. As we enter 2006, we are committed to extending
the reach of our safety products beyond parking gates into other powered
closure markets.
Preparation for introduction of Invisa's museum security product continued
throughout 2005. Invisa's development partners have provided performance
and market input as they evaluate advanced prototypes of our security
product. We plan to introduce our security product to the museum market in
the second half of 2006. Additionally, we are committed to extending the
reach of our planned security products beyond the museum market into the
general security market.
We experienced some major management changes including the departure of our
CEO in April 2005. While change is generally challenging at the time, it is
also frequently necessary to support sustainable growth and development. We
believe that our Company has never been better positioned to continue the
momentum generated by the exciting developments our current management team
achieved in the second half of 2005.
During 2005, we completed a one million dollar financing provided by an
existing institutional financial partner and we finished the year with a
strong cash position and virtually no debt or past due payables.
Stocks in the news and acting well as of late include Sirius Satellite
Radio, XM Satellite Radio and Apple Computer.
Sirius Satellite Radio (NASDAQ: SIRI) posted a fourth-quarter loss of 23
cents per share, two cents wider than the 21-cent loss expected by
analysts, while revenue tripled to $80 million from $25.2 million, beating
the consensus of $76.1 million. Slightly higher-than-expected
subscriber-acquisition costs contributed to the negative variance,
including a surge in promotional costs leading up to the launch of a new
show by radio-host Howard Stern. On the bright side, the company added 1.1
million subscribers in the quarter and expects its total subscriber numbers
to double in the coming year, to $6 million. Standard & Poor's Equity
Research reiterated a "strong buy" opinion on Sirius, seeing momentum in
retail and automotive channels. Shares were last seen trading down 6% on
Friday.
XM Satellite Radio (NASDAQ: XMSR) also announced a wider-than-expected
quarterly loss of $1.15 per share on revenue of $177 million, versus
analyst expectations of a 92-cent loss per share on revenue of $174
million. In addition, the company announced the resignation of director
Pierce Roberts Jr., who had warned XM's board that the company would face a
cash crunch if it does not cut spending. Caris and Company research analyst
Susan Kalla downgraded XM to "average" from "above average," expecting the
rise in spending that causes the earnings miss to continue over the short
term. "Even if XM management reins in spending, revenue growth is likely to
stall," wrote Kalla in note to investors. XM shares were nearly 10% lower
on Friday afternoon.
Apple Computer (NASDAQ: AAPL) shares rallied as a new product and a
shipping announcement alleviated Intel-transition concerns. The company
released Mac OSX Tiger version 10.4.5, an updated version of its operating
system software for both Intel and PowerPC Macs, allaying fears that the
well-publicized video glitch it had with its FrontRow software on an
Intel-based Mac would require a recall. Apple also announced that its
MacBook Pro is shipping, despite speculation that it may be delayed until
April, and with faster-than-expected Intel processors. American Technology
Research analyst Shaw Wu maintained a "buy" rating on Apple, expecting the
company to continue to grow above market rates over the next one to two
years. "For longer-term fundamental investors, we would take advantage of
the pull-back to build and/or add to Apple positions," wrote the analyst in
a recent report.
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