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Telecommunications equipment industry

Axis Technologies Group Inc. Sees Significant Growth Amidst Steady Industry Demand

Strategic Insights

— 1 min read

Axis Technologies Group Inc.'s (PINKSHEETS: AXTG) innovative products have been gaining widespread acceptance, with True Value Company, a leading retailer-owned hardware cooperative, selecting the company's proprietary Axis Dimming/Daylight Harvesting (DDH) Ballast system for beta testing in various West Coast locations. This move comes as the company continues to experience a surge in market demand for its energy-saving and daylight harvesting electronic dimming ballasts. As a result, Axis Technologies Group has reported a significant increase in sales projections, with estimates exceeding $3 million over the next 12 months.

Key Takeaways:

  • True Value Company, a leading retailer-owned hardware cooperative, has selected Axis Technologies Group's proprietary Axis Dimming/Daylight Harvesting (DDH) Ballast system for beta testing in various West Coast locations.
  • The company has received overwhelming market response, with hundreds of calls from wholesale lighting distributors, lighting representatives, Energy Service Companies, and OEMs interested in utilizing the Axis Dimming/Daylight Harvesting (DDH) ballasts.
  • Axis Technologies Group estimates sales exceeding $3 million over the next 12 months, driven by the growing demand for the company's energy-saving and daylight harvesting electronic dimming ballasts.
  • The company has signed a national distribution agreement with Brite-Lite, Inc., a wholesale lighting distributor, to expand its product reach in the Canadian market.
  • Axis Technologies Group's patented product has been installed or will be installed at major locations such as Walgreens Drugstore, University of Maryland, Harrah's Casinos, Kennebunk Schools in Kennebunk, ME, and several major airports, including Dallas/Ft. Worth (DFW), Harlingen, TX (HRL), Sky Harbor in Phoenix (PHX), McCarren in Las Vegas (LAS), George Bush in Houston (IAH).

Statistics:

  • Axis Technologies Group estimates sales exceeding $3 million over the next 12 months.
  • The company's proprietary Axis Dimming/Daylight Harvesting (DDH) Ballast system has been or will be installed at 10 major locations, including Walgreens Drugstore, University of Maryland, Harrah's Casinos, and several major airports.
  • Brite-Lite, Inc., a wholesale lighting distributor, will serve as the exclusive sales and distribution agent for Axis Technologies Group's products in the Canadian market.

Sources:

  • "Miami, FL, Dec 04, 2006 (MARKET WIRE via COMTEX) --"
  • Axis Technologies Group, Inc., news releases, dated December 4, 2006, and earlier.
  • Comtex SmarTrend(SM) Alert, an automated pattern recognition system, indicated a DOWNTREND on 10-19-2006 for MOT @ $23.30, and an UPTREND on 09-21-2006 for PRU @ $74.90.

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