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Micro-Cap Announces Significant Medical Technology Contract
By: AllPennyStocks.com News
December 15, 2009
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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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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